Scented Candle Market Set to Reach $5.63 Billion by 2029 with 7% Yearly Growth

How Are the key drivers contributing to the expansion of the scented candle market?
The anticipated growth of the scented candle industry is largely attributed to alterations in lifestyle causing stress and related health problems. Stress is any kind of change that leads to physical, emotional or psychological strain, and anything demanding attention or action can trigger it. The COVID-19 epidemic has brought on many transformations in people's lives, including feelings of uncertainly, disruptions to daily routines, financial struggles, and social loneliness. These shifts have subsequently stimulated feelings of worry and stress. In order to reduce these feelings of worry and despair, people are turning to natural, toxin-free methods like aromatherapy, which utilises scented candles. For instance, Champion Health Inc, a UK-based health and wellness platform providing mental health assistance for employees, reported in 2024 that symptoms of anxiety and depression are persistently high, with anxiety symptoms increasing by 8% and depression symptoms rising by 11% compared to the previous year, 2023. Hence, lifestyle changes causing stress and related health conditions are stimulating the growth of the scented candle industry.

https://www.thebusinessresearchcompany.com/report/scented-candle-global-market-report

What growth opportunities are expected to drive the scented candle market's CAGR through 2034?
There has been a robust growth in the size of the scented candle market in the past few years. The market is expected to increase from $4.11 billion in 2024 to $4.36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this expansion during the historic period include trends in aesthetics and décor, wellbeing and stress reduction, seasonal and festive demands, gifting, personalization, and shifts in scent preferences.

Over the coming years, the scented candle market is projected to witness robust expansion. It is anticipated to reach an impressive $5.63 billion by 2029, with a compound annual growth rate (CAGR) of 6.6%. The predicted growth during this period is linked to factors such as wellness and mindfulness practices, fragrance innovation, seasonal and special occasion demand, personalization and customization, as well as sustainability and environmentally friendly practices. Future market trends to watch out for include an emphasis on overall wellbeing, the use of natural and botanical fragrances, limited edition products, unique combinations of scents, and the inclusion of therapeutic and mindfulness practices.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9341&type=smp

What are the emerging trends shaping the future of the scented candle market?
Major market participants are opting for product innovation strategies to stand out in the market. For example, in November 2022, Shefar, a direct-to-consumer fragrance brand from Japan, introduced a product line of scented candles by the name of Liela and Mullan Candles. These candles add to the range of the brand's aroma-centered offerings, leaning on the idea of 'the girl of your dreams.' The formulation of these candles was designed responsibly, ensuring a strong scent without hampering the burning performance or increasing soot emission. The Liela Candle gives off a blend of fine jasmine, calming vanilla, and sandalwood, presenting an elegant and subtly sweet trail. Conversely, the Mullan Candle fuses a light citrus smell, a powerful floral fragrance, and a hint of patchouli's smoky scent, setting up a sophisticated and tranquil atmosphere.

Which growth-oriented segments of the scented candle market are leading the industry's development?
The scented candle market covered in this report is segmented -

1) By Product Type: Jar, Pillar, Tea light, Tumbler, Vase, Other Product Types
2) By Raw Material: Wax, Liquid Dyes, Soy, Glass, Other Raw Materials
3) By Fragrance: Fruit, Flower, Spice, Blends, Other Fragrances
4) By Sales Channel: Online Retails, Offline Retails

Subsegments:
1) By Jar: Glass Jar Candles, Metal Jar Candles
2) By Pillar: Classic Pillar Candles, Decorative Pillar Candles
3) By Tea Light: Standard Tea Light Candles, Scented Tea Light Candles
4) By Tumbler: Glass Tumblers, Decorative Tumblers
5) By Vase: Ceramic Vases, Glass Vases
6) By Other Product Types: Votive Candles, Floating Candles, Container Candles

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9341

What regions are leading the charge in the scented candle market?
North America was the largest region in the scented candle market in 2024. The regions covered in the scented candle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What companies are at the forefront of innovation in the scented candle market?
Major companies operating in the scented candle market include California Exotic* Novelties, Colonial Candles Inc., CoScentrix LLC, Diptyque Paris, Himalayan Trading Post Inc., Magnolia Scents by Design LLC, Mel's Candles LLC, Newell Brands Inc., Northern Lights Candle Co. LLC, Amy's Country Candles LLC, BeCandle LLC, Bolsius International BV, Brandt Kaarsen BV, Bridgewater Candle Company LLC, Voluspa Inc., Paddywax Candles Inc., Nest Fragrances LLC, Homesick Candles LLC, Capri Blue Candles LLC, Chesapeake Bay Candle Company LLC, Yankee Candle Company Inc., Thymes Fragrances LLC, Mrs. Meyer's Clean Day, Trapp Candles, Illume Candles, Village Candle, Millefiori Candles, Stonewall Candle Company, WoodWick Candle Company LLC, DW Home LLC

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9341&type=smp

What Is Covered In The Scented Candle Global Market Report?

• Market Size Forecast: Examine the scented candle market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the scented candle market for a structured understanding.
• Key Players Overview: Analyze major players in the scented candle market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the scented candle market.
• Segment Contributions: Evaluate how different segments drive overall growth in the scented candle market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the scented candle market.
• Industry Challenges: Identify potential risks and obstacles affecting the scented candle market.
• Competitive Landscape: Review strategic developments in the scented candle market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.