Candle Market Business Scope, Regional Insights, Trends And Industry Share

Candle Market revenue is expected to grow at a CAGR of 8.2% through 2023 to 2029, reaching nearly USD 14.52 Bn.

Candle Market Report Scope and Research Methodology

Report Scope:

This comprehensive report delineates the dynamics, drivers, restraints, and segment analyses governing the Global Candle Market, offering profound insights and market research.

Research Methodology:

Leveraging robust research methodologies, the report synthesizes qualitative and quantitative data, presenting an in-depth analysis of market values, growth trends, and segment assessments, ensuring a comprehensive understanding of market dynamics.

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Candle Market Dynamics

The growing popularity of candles for festivals, weddings, birthdays, and other special occasions is one of the main drivers propelling the candle market. Some of the key factors propelling the growth of the candle market include the growing use of candles by therapists to create a serene ambiance in therapy rooms, burning candles during prayers and meditation, etc. Global e-commerce growth has opened up enormous potential for suppliers & manufacturers. Candle producers and suppliers are concentrating on selling their goods on various e-commerce platforms in order to reach a wide spectrum of consumers worldwide.

Candle Market Segmentation

Candle Market , by Type

Tea Lights
Votive
Pillars
Birthday Candle
Cartridge Candle
Wax Filled Container Candles
Others

Tea Lights, Votive, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others are the market segments divided based on the kind. By 2029, the segment with the greatest market shares is predicted to be the votive candle segment. This is because of how slowly it burns. These are available in several colours, such as red, pink, yellow, purple, black, and many more. They measure around 5 cm in height and 4 cm in width. They are placed on a glass holder to enhance their beauty in the light. During the forecast period of 2022-2029, these are the primary benefits that propel the expansion of the votive candle segment in the worldwide market.

Candle Market , by Raw Material

Beeswax
Stearin
Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax
Others

The market is divided into categories based on the raw material, including beeswax, stearin, paraffin wax, rapeseed wax, palm wax, soy wax, and others. During the projected period, the paraffin wax segment is anticipated to rise quickly at a CAGR of. This is because of its affordable cost and versatility in shaping. It's a petroleum by-product that resists water and is frequently used to create floating candles. Moreover, the colourless and semi-translucent qualities enable the addition of colours, giving it a colourful aspect. Throughout the course of the forecast period, these are the main factors propelling the expansion of the paraffin wax segment in the global market.

Candle Market , by Distribution Channel

Offline
Online

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Candle Market Key Players

1. Baltic Candles Ltd
2. Bolsius International BV
3. Delsbo Candle AB
4. Diana Lys A/S
5. Duni AB
6. Erich Kopschitz GmbH
7. Hansa Candle AS
8. Bekro Chemie GMBH
9. KORONA Candles S.A.
10. Suomen Kerta Oy
11. Yankee Candle Europe Ltd
12. Affari AB
13. BISPOL Sp. z o.o.
14. Candle Scandinavia Group AB
15. Ceras Roura
16. Duffy & Scott Candlemakers Ltd
17. Engels Kerzen GmbH
18. Ester & Erik A/S
19. Gebr. Müller Kerzenfabrik AG
20. Korpiahon Hunaja Oy
21. Kynttilä-Tuote Oy
22. Liljeholmens Stearinfabriks AB
23. Monterosa Zelandi Srl
24. The Copenhagen Candle Company Limited
25. VILA HERMANOS CERERÍA SA
26. Seal Aromas Gmbh
27. Contract Candles Ltd
28. Spaas Candles Poland Sp Z O O
29. Bartek Candles

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Table of content for the Candle Market includes:

Part 01: Executive Summary

Part 02: Scope of the Candle Market Report

Part 03: Global Candle Market Landscape

Part 04: Global Candle Market Sizing

Part 05: Global Candle Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global candle market is dominated by North America for the 2022-2029 forecast period. By 2029, North America is anticipated to have the most market shares. This may be the result of rising product demand throughout the holiday seasons, such as Christmas and Easter. The candle market is being driven by the number of new product launches and the existence of well-known candle manufacturing enterprises in the United States. Throughout the projected period of 2022-2029, these are the main factors propelling the expansion of the North American region in the worldwide market.

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