What is the Size of Candle Market ?
Candle Market size was valued at US$ 8.36 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 8.2% through 2023 to 2029, reaching nearly US$ 14.52 Bn.
The global candle market was estimated to be worth US$ 8.36 billion in 2022, and it is anticipated to grow at a CAGR of 8.2% to US$ 14.52 billion by 2029. A candle is a wick composed of wax that is combustible and emits light. In recent times, candles have come to represent festivity, define ceremonies and events, calm the senses, etc. Manufacturers are concentrating on creating novel candles and suggesting scented candles for the living area and candles with low lighting for the bedroom, among other things.
Candle Market Overview
The report presents the latest revenue figures and market trends in the Candle Market. It provides an overview of the Candle Market, including its definition and market structure, along with proactive and pre-planned management strategies. The report focuses on key aspects such as gross margin, cost, market share, capacity utilization, and supply, which impact the Candle Market. Moreover, it assists in understanding the future potential of the Candle Market in the coming years. The report offers a market overview covering essential topics, accompanied by tailored data to meet specific requirements. This overview aids in making informed decisions on market approaches and gaining a comprehensive understanding of the industry context.
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Candle Market Segmentation
Global Candle Market by Type
Tea Lights
Votive
Pillars
Birthday Candle
Cartridge Candle
Wax Filled Container Candles
Others
Tea Lights, Votives, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others are the market segments based on Type. By 2029, the votive candle sector is anticipated to have the biggest market share . This is a result of its capacity for delayed burning. These come in a variety of colours, including red, pink, yellow, purple, black, and many others, and are around 5 cm tall and 4 cm broad. They are stored on a glass holder to enhance their beauty when lit. During the forecast period of 2022–2029, these are the main advantages that propel the expansion of the votive candle segment in the worldwide market.
Global Candle Market by Raw Material
Beeswax
Stearin
Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax
Others
The market is divided into Beeswax, Stearin, Paraffin Wax, Rapeseed Wax, Palm Wax, Soy Wax, and Others based on the raw material. The category for paraffin wax is anticipated to expand quickly at a CAGR throughout the projected period. This is as a result of its low price and versatility in shaping. It is a petroleum by-product that can withstand water and is frequently used to create floating candles. Additionally, because of its semi-translucence and lack of colour, it can be coloured, giving it a decorative aspect. During the projection period, these are the major factors boosting the paraffin wax segment's growth worldwide.
Global Candle Market by Distribution Channel
Offline
Online
The market is divided into Offline and Online segments based on the distribution channel. During the projected period, the offline channel segment is anticipated to increase quickly at a CAGR. This is because consumers in developing nations like Bangladesh, China, and India make significant purchases from neighbourhood and department stores. Customers who choose to make purchases through offline channels also have the option of physical confirmation because they can sample the fragrance prior to making a purchase. These are the variables that, throughout the course of the forecast period, will fuel the expansion of the offline channel segment in the global market.
Candle Market Scope
The Global Candle Market report offers comprehensive statistical and analytical insights to provide a complete understanding of market size, share, growth, trends, demand, key players, industry summary, opportunities, value cycle, end-users, technology, types, and applications. Furthermore, the report incorporates analysis of available opportunities in micro markets for stakeholders to invest, along with a detailed examination of the competitive landscape and product offerings of major players.
The qualitative and quantitative data presented in the Candle market study assist decision-makers in understanding which market segments and regions are expected to experience higher growth rates, the factors influencing the market, and key areas of opportunity. Additionally, the report includes the competitive landscape of key players in the industry, along with emerging trends in the Candle market.
Candle Market Leading 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
Candle Market Regional Analysis
The Candle market report provides comprehensive insights and understanding of the current trends, dynamics, and key issues within the market. It highlights the most significant developments that impact the industry, helping readers stay informed about the latest advancements. The report aids in identifying the crucial information presented and assessing the competitive landscape of major companies, analyzing Candle market dynamics, and other factors that assist in formulating effective marketing strategies.
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Table of Contents: Candle Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Anti-collision Sensor Market, by Market Value (US$ Bn) & Volume (Tons)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Pillars Trends and Emerging Technologies
5. Supply Side and Demand Side Indicators
Key Questions answered in the Candle Market Report are:
- What are the opportunities for the Candle Market?
- What factors are affecting the Candle market growth?
- Who are the key players of the Candle market?
- Which company held the largest share in the Candle market?
- What will be the CAGR of the Candle market during the forecast period?
- What key trends are likely to emerge in the Candle market in the coming years?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Candle
- Landscape- Leading key players and other prominent key players.
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