Candle Market Current Scenario Forecast | 2023-2029

Published: 2023-12-14
Views: 86
Author: manasi05
Published in: Business
Candle Market Current Scenario Forecast | 2023-2029

Aromatherapy Trend Sparks Global Candle Market Surge, Projected to Hit $14.52 Billion by 2029

In a glowing revelation for the candle industry, the Global Candle Market, valued at a substantial US$ 8.36 billion in 2022, is set to illuminate a remarkable CAGR of 8.2% through 2023 to 2029. The industry's fervent growth is fueled by a surge in demand for candles as a symbol of celebration, a defining element in ceremonies, and a soothing agent for various sensory experiences.

Market Dynamics:

The surge is attributed to a variety of factors, including the increasing use of candles for special occasions, therapeutic practices, and spiritual ceremonies. Manufacturers are capitalizing on the trend by innovating with aromatic candles designed for living rooms and soft light candles catering to bedroom aesthetics. The e-commerce boom has further opened doors for global reach, as manufacturers and suppliers leverage online platforms to cater to a diverse clientele.

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Summarize Sphere: Obtain a panoramic Market Candle Overview

The latest report from Maximize Market Research, covering the Global Candle Market for the years 2023 to 2029, presents valuable insights into the Market's competitive landscape. The research delivers a thorough and foundational analysis of the Market, delving into subjective elements that can furnish readers with critical business perspectives. The report provides a comprehensive Market overview, encompassing the value chain structure, geographical analysis, applications, Market size, and forecast spanning from 2022 to 2029. This research serves as a dependable tool for a more accurate evaluation of both current and future conditions within the global Candle Market.

ScopeSync: Navigate the Market Landscape for Comprehensive Insights

The research report for the Candle Market encompasses detailed company profiles, product specifications, production capacity, sales, revenue, pricing, gross margin, and product-specific sales. In terms of competitive analysis, the report showcases profiles of key Market players, offering a comprehensive view encompassing company overview, financial performance, product portfolio, and strategies. The research methodology combines quantitative and qualitative approaches, employing tools such as SWOT and PESTLE analysis. Also, the report presents the latest trends within the Candle Market and provides insights into forthcoming demand, supply chains, sales, and recent shifts in the Market landscape.

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SegmantaScan: Uncover Target Niches in the Market Terrain

by Type

Tea Lights
Birthday Candle
Cartridge Candle
Wax Filled Container Candles

Type: Tea Lights, Votive, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others are the categories into which the market is divided. By 2029, the votive candle segment is anticipated to command the highest market shares.

This is because of how slowly it burns. These are available in various colours, such as red, pink, yellow, purple, black, and many more. They measure about 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 growth of the votive candle segment in the global market.

by Raw Material

Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax

The market is divided into categories based on the raw material, including beeswax, stearin, paraffin wax, rapeseed wax, palm wax, soy wax, and others. The Paraffin Wax segment is anticipated to expand at a CAGR during the forecast period.

This is because of its inexpensive 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 decorative appearance. Throughout the course of the forecast period, these are the main factors propelling the growth of the paraffin wax segment in the global market.

by Distribution Channel


The market is divided into two segments based on the distribution channel: online and offline. The offline channel market is anticipated to expand quickly over the anticipated period of time. This is because consumers in developing nations like China, India, and Bangladesh buy a lot of goods from department stores and local retailers.

Customers who purchase through offline channels benefit from having a physical copy of any product. Before deciding to buy, it enables them to examine the product with their senses—touch, look, feel, smell, etc. During the anticipated time frame, this factor supports the expansion of offline channels in the global candle market.

PlayerPulse: Identify the Market Maestros and Their Moves

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
26. Seal Aromas Gmbh
27. Contract Candles Ltd
28. Spaas Candles Poland Sp Z O O
29. Bartek Candles

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Explore the Market Landscape Across Regions:

The report provides an extensive analysis of the growth trajectory of the global Candle Market. It is segmented into five primary regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions hold significant influence and dominance in the global Candle Market.

Key Questions answered in the Candle Market Report are:

  • What is Candle Market?
  • What is the forecast period of the Candle Market?
  • What is the competitive scenario of the Candle Market?
  • Which region held the largest Market share in the Candle Market?
  • What are the opportunities for the Candle Market?
  • What are the restraining factors in the Candle Market?
  • Who are the key players of the Candle Market?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2023-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Candle Market
  • Landscape- Leading key players and other prominent key players.

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About Maximize Market Research: 

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