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Illuminate Your Market: Candle Industry Shines with 5.30% CAGR, Surging from USD 7.5 Billion in 2022 to USD 10.7 Billion by 2030

03-28-2024 10:58 AM CET | Consumer Goods & Retail

Press release from: Market Research Future (MRFR)

Candles Market

Candles Market

๐‚๐š๐ง๐๐ฅ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
In 2021, the candle market was estimated to be worth USD 7.1 billion. The industry for candles is expected to increase at a compound annual growth rate (CAGR) of 5.30% between 2022 and 2030, from USD 7.5 billion in 2022 to USD 10.7 billion. People's increasing inclination to enhance the aesthetics of their homes and other facilities, which is entwined with their improved economic conditions, changing living standards, and increased desire to assess the quality of life, are the main factors driving the market's rise.

๐†๐ž๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐…๐ข๐ฅ๐ž @

Every home needs candles as a basic necessity. Despite not being often utilized, they are present in all homes. Candles must be used during power outages and electricity-saving strategies in the winter. Additionally, the majority of business venues use scented candles to provide clients with remedies. As a result, the goods listed under the "global market" are in suitable all-around demand.

The emphasis of the analysis is on showcasing the market's development potential. The leading competitors' ability to use the resources at their disposal to satisfy client demands will determine how quickly the candles industry grows. And the primary goal of this study is to thoroughly describe each significant market segment that contributes to the optimum development of this sector.
The majority of people all around the world are using candles more and more frequently. The majority of individuals use it to create things with appealing visual qualities. Consequently, this sudden spike in demand will boost the candle market's development potential.

Furthermore, because they are employed in spas and massage parlors, it is anticipated that the commercial use of the candles would also see growth. Commercial business sectors love to purchase scented candles in large quantities since they are a type of luxury candle that is used for treatments.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The industry is extensively dispersed over several areas, including North America, Europe, Asia Pacific, the Middle East, Africa, and other parts of the world, according to regional candles market study.
In the years of the current projection, North America is anticipated to dominate the worldwide market. Europe is likewise anticipated to have significant growth throughout the current projection years. Asia Pacific is also the area with the greatest growth overall and may soon make up a greater portion of the global Candles industry.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:
The candle market is segmented into luxury and affordable candles based on the category. Comparatively speaking, the affordable candle market is more well-liked than the expensive one.

According to the material segmentation, the market for candles uses a variety of materials to produce candles. Vegetable wax, synthetic wax, animal wax, and paraffin wax are among the materials.

The distribution channel segmentation divides the candle market into outlets with and without stores. The non-store-based distribution is anticipated to have a greater contribution to the growth of the worldwide market's revenue.

๐…๐จ๐ซ ๐Ÿ๐ฎ๐ซ๐ญ๐ก๐ž๐ซ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ญ @

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐ž ๐‚๐š๐ง๐๐ฅ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ž๐ฌ
Dianne's Custom Candles
Dandong Evenlight Candle Industry Co. Ltd.
Empire Candle
ZHONG Nam Industrial (International) Co. Ltd
SC Johnson & Son Inc.
The Yankee Candle Company Inc.
Colonial Candle
Armadilla Wax Works
Bath & Body Works Direct Inc.

๐‚๐š๐ง๐๐ฅ๐ž๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ
๐‰๐ฎ๐ฅ๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ:
Lalique introduced six new fragrances to their Noir Premier collection. The new Plume Blanche candle and perfume, which included a blend of jasmine, almond tree leaves, and white musk, is also included in the products.

๐‰๐ฎ๐ฅ๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ:
Village Candle opened its first outlet store at Settlers Green. The company's regional expansion is what led to the store's opening. It made it possible for the company to build a more intimate relationship with its customers.

๐‘๐ž๐š๐ ๐Ž๐ฎ๐ซ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ -
๐๐ฎ๐ฆ๐ฉ๐ค๐ข๐ง ๐‚๐š๐ง๐๐ฅ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐“๐ข๐ฅ๐ฅ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ– -

๐€๐ข๐ซ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐“๐ข๐ฅ๐ฅ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ -

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ฎ๐ฌ:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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