Candle Market Projected to Reach USD 11.6 Billion by 2028 with 6.12% CAGR | Exclusive TechSci Research Report

TechSci Research's report, "Global Candle Market - Insights, Trends & Opportunities, 2028", states the market was valued at USD 11.6 Billion in 2022, with an expected 6.12% CAGR during 2024-2028. This market sees evolving consumer preferences and trends. Major drivers include the demand for eco-friendly and aromatherapy candles, customization options, online retail expansion, and artisanal designs. Challenges include environmental sustainability, fluctuating raw material costs, and safety regulations. Votive candles and the Asia-Pacific market show significant growth. The industry thrives due to adaptability and technological integration. The future offers opportunities for sustainable, customizable, and technology-enhanced candle products catering to a diverse and conscious consumer base.

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The global candle market is driven by various factors influencing consumer preferences. A significant driver is the rising demand for sustainable candles as environmental concerns grow. The industry responds with eco-conscious practices, utilizing renewable materials like soy wax, beeswax, and coconut wax to reduce environmental impact. This eco-friendly trend extends to packaging, with a shift towards recyclable materials promoting sustainability holistically.

Aromatherapy and well-being candles also contribute significantly to market growth. With a focus on mental health and stress reduction, consumers seek candles infused with therapeutic essential oils. These candles create a relaxing ambiance, aiding anxiety reduction and mood enhancement, aligning with the wellness movement. The wide range of scents and innovative packaging further boosts demand for aromatherapy candles, making them a vital growth driver in the industry.

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Customization plays a pivotal role in influencing consumer choices and market growth. The option to personalize candles, be it in scent, color, or design, is highly sought after. Online retail has facilitated this trend, allowing consumers to conveniently personalize their candle selections. Whether choosing scents to match personal preferences or designing candles for special occasions, customization fosters a stronger connection between consumers and their purchases.

Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Candle Market is expected to grow at a CAGR of 6.12% during the forecast period.
• Candle Market has a valuation of US$ 11.6 Billion as of 2028.
• Europe currently holds the title of the largest Market for cast Iron cookware.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare various outdoor candles.
• In terms of type, the cages segment claims the top spot in Candle Market share.
• When considering the sales channel, the portable hairbrush retailers segment takes the lead in Market share.
• Focusing on the price range, the premium segment secures the highest Market share in the Candle Market.

Competitive Landscape
Tech Sci Research's Candle Market report provides customizable options tailored to individual company requirements based on the provided market data. Customization options include:

Recent Developments
• In 2022, Celine launched its scented candle collection in the market.
• In 2022, EKAM launched new collection of scented candles for Christmas.

Major companies operating in Global Cosmetic Products Market are:
Bath & Body Works Direct, Inc., Better Homes & Gardens, Bridgewater Candle Company, Colonial Candle, Circle E Candles, Diptyque S.A.S., Jo Malone London, MALIN+GOETZ, NEST Fragrances, LLC, The Yankee Candle Company, Inc.

Market Segmentation for Candle Market:
• Candle Market, By Product Type:
o Votive
o Pillars
o Tapers
o Container
• Candle Market, By Sales Channel:
o Supermarkets/Hypermarkets
o Exclusive Stores
o Specialty Stores
o Online
o Others
• Candle Market, By Region:
o North America
 United States
 Canada
 Mexico
o Europe
 France
 United Kingdom
 Italy
 Germany
 Spain
o Asia-Pacific
 China
 India
 Japan
 Australia
 South Korea
 Indonesia
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey
o South America
 Argentina
 Colombia
 Brazil

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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
4.3. Sources of Information
5. Global Candle Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type Market Share Analysis (Votive, Pillars, Tapers, Container)
5.2.2. By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Exclusive Stores, Specialty Stores, Online, Others)
5.2.3. By Regional Market Share Analysis
5.2.3.1. North America Market Share Analysis
5.2.3.2. Europe Market Share Analysis
5.2.3.3. Asia-Pacific Market Share Analysis
5.2.3.4. Middle East & Africa Market Share Analysis
5.2.3.5. South America Market Share Analysis
5.2.4. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Candle Market Mapping & Opportunity Assessment
5.3.1. By Product Type Market Mapping & Opportunity Assessment
5.3.2. By Sales Channel Market Mapping & Opportunity Assessment
5.3.3. By Regional Market Mapping & Opportunity Assessment
6. North America Candle Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type Market Share Analysis
6.2.2. By Sales Channel Market Share Analysis
6.2.3. By Country Market Share Analysis
6.2.3.1. United States Candle Market Outlook
6.2.3.1.1. Market Size & Forecast
6.2.3.1.1.1. By Value
6.2.3.1.2. Market Share & Forecast
6.2.3.1.2.1. By Product Type Market Share Analysis
6.2.3.1.2.2. By Sales Channel Market Share Analysis
6.2.3.2. Canada Candle Market Outlook
6.2.3.2.1. Market Size & Forecast
6.2.3.2.1.1. By Value
6.2.3.2.2. Market Share & Forecast
6.2.3.2.2.1. By Product Type Market Share Analysis
6.2.3.2.2.2. By Sales Channel Market Share Analysis
6.2.3.3. Mexico Candle Market Outlook
6.2.3.3.1. Market Size & Forecast
6.2.3.3.1.1. By Value
6.2.3.3.2. Market Share & Forecast
6.2.3.3.2.1. By Product Type Market Share Analysis
6.2.3.3.2.2. By Sales Channel Market Share Analysis

Explore Related Consumer Product Research Reports:

Luxury Candle Market: luxury candle market reached a valuation of USD 1.10 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 9.82%.
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Wall-Mounted Candle Holders Market: Wall-Mounted Candle Holders Market has valued at USD 173.56 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.5% through 2029.
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Scented Candles Market: Home renovation and home decorating projects have increased along with an increase in disposable money.
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https://www.techsciresearch.com/report/scented-candles-market/14200.html

United States Home Fragrance Market: Home fragrances come in various forms, including sprays, electric air fresheners, and others, and are used to cover up odors.
Browse Report@
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Candle Holder Market: Candle Holder Market has valued at USD 692.54 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 13.8% through 2028.
Browse Report@
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