Candle Market Overview
The global candle market was valued at USD 12.95 billion in 2021, with a compound annual growth rate (CAGR) of 5.95% projected from 2023 to 2030.
Real private consumption expenditure is a vital indication of demand growth. The candle market, which is part of the home Decoration and residential Textiles (HDHT) business, is subject to economic fluctuations. Customers postpone getting non-essential merchandise are economic conditions and outlook are bleak. Once economic conditions area unit are, however, personal shopper defrayal and non-essential HDHT product purchases increase. In recent years, the U. S. has surpassed China because the world’s largest economy and shopper market. Residents of the United States can pay $12.5 trillion on sturdy and unserviceable merchandise and services in 2020. This represents a discount of over 0.5 a trillion greenbacks from the previous year. Personal consumption expenditures area unit unlikely to rebound to wherever they were in 2023, and given population increase of two.5 million folks every year, the common yank can solely pay identical quantity in 2023.
Electric, LED, and powered candles with timers are introduced as a results of fast technological advancements and rising demand for ornamental candles. Moreover, some candles keep company with additional options sort of a remote that permits the user to work it from anyplace, whereas others have launched varied styles of flameless candles like tea lights, pillars, votives, and tapers, giving customers a spread of selections. As results of these developments in technology and style in ornamental candles, the marketplace for led candles is expected to grow thanks to its obvious blessings over the standard candles. This can be possible to hamper the market of candles over the forecast amount.
In HDHT and therefore the candle product class, social and environmental property is step by step changing into and a lot of essential client want. World customers became significantly a lot of responsive to producing ways and dealing conditions as results of the net, yet as a lot of outspoken in their demand for bigger openness. Millennials (those born between 1981 and 1996) can presently become the bulk of customers. Temperature change is their high worry, and that they area unit aware of ‘voting with their greenbacks,’ or expressing their opinions through their purchases. They purchase things that facilitate to form the planet a stronger place. Property refers to the worth chain’s thought of social and environmental issues. This covers material use and sourcing, process and manufacture, transportation, shopper use, waste, and disposal. Candles area unit usually created in a very mill setting and a spread of SA or BSCI-based forms of social compliance area unit more and more changing into the quality. Candles have long been a well-liked Fairtrade product within a lot of hand-loomed market. WFTO could be a well-recognized certification during this field.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Wax Type , and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | 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.,Conscious Candle Company,Contract Candles & Diffusers Ltd.,Ellis Brooklyn,TRUDON,Le Labo. |
The Covid-19 Impact on Candle Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compacted nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 has over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Candle Market Segment Overview
By Product, On the basis of Product, the global Candle Market has been divided into container Candle, Pillars, Votive, Tapers, Others. The largest Candle accounted for the most important market share within the world candles market. Instrumentality candles (also referred to as dedicated candles) are small candles set during a heat-proof container. Very simple to provide and are fashionable as ornamental things and are typically oversubscribed as fragranced candles. In their most elementary type, they're made up of a heat resistant instrumentality crammed with wax with a central wick.
On the basis of Wax, the world Candle market has been divided into Paraffin, Bees Wax, Soy Wax, Palm Wax, Others. Paraffin accounted for the biggest market share in the global candles market. Paraffin wax is one of the foremost prominent type of wax used in candle creating trade..
Market Analysis, Insights and Forecast – By Product
· Container Candle
· Pillars
· Votive
· Tapers
· Others
Market Analysis, Insights and Forecast – By Wax Type
· Soy Wax
· Paraffin
· Palm Wax
· Beeswax
· Others
Candle Market Regional Overview
Region-wise, in terms of regions The Global Candles Market is segmented on the basis of earth science into North America, Europe, Asia Pacific, rest of the world. Europe accounted for the most important market share within the world candles market throughout the forecast period. Europe primarily comprises of 3 countries – FRG, UK, France, and rest of Europe. Europe is one in every of the largest players in international trade. The formation of the ecu Union has ensured that the economies of the member nations have witnessed a uniform expansion among Europe. With the risks associated with the end result of the Brexit negotiations, expansion is unable to access the trade and investment market of the ecu Union that might negatively impact it financially. Europe’s overall momentum within the world economy remains steady and this world upswing is predicted to continue within the forthcoming years.
Candle Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Candle Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Candle are highlighted below.
· March, 2021 – provides for Candles LTD, based mostly in yorkshire, has invested £2.5 million within the acquisition of Glassprint Ltd. Glassprint Ltd was based in 2002 and makes a speciality of printing on glass products like candle glasses and perfume bottles.
Candle Market, Key Players
· 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.
· Conscious Candle Company
· Contract Candles & Diffusers Ltd.
· Ellis Brooklyn
· TRUDON
· Le Labo
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Candle market during the forecast period?
Candle market is expected to record a CAGR of ~ xx% during the forecast period
Q2. Which segment is projected to hold the largest share in the Candle Market?
Paraffin segment is projected to hold the largest share in the Candle Market
Q3. What are the driving factors for the Candle market?
The most purpose of those drinks is to supply instant energy; beside psychological and physical stimulation are key factors that boost the growth of the Candle market progressively.
Q4. Which Segments are covered in the Candle market report?
Product, Wax Type, and Region, these segments are covered in the Candle market report.
Q5. Which are the prominent players offering Candle?
Yankee Candles, Thymes, White Barn Candles, Jo Malone, Village Candles, NEST, Slatkin & Co, Malin + Goetz, Colonial Candle, Diptyque
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Candle Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Container Candle
- 5.2.2. Pillars
- 5.2.3. Votive
- 5.2.4. Tapers
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Wax Type
- 5.3.1. Soy Wax
- 5.3.2. Paraffin
- 5.3.3. Palm Wax
- 5.3.4. Beeswax
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Candle Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Container Candle
- 6.2.2. Pillars
- 6.2.3. Votive
- 6.2.4. Tapers
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Wax Type
- 6.3.1. Soy Wax
- 6.3.2. Paraffin
- 6.3.3. Palm Wax
- 6.3.4. Beeswax
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Candle Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Container Candle
- 7.2.2. Pillars
- 7.2.3. Votive
- 7.2.4. Tapers
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Wax Type
- 7.3.1. Soy Wax
- 7.3.2. Paraffin
- 7.3.3. Palm Wax
- 7.3.4. Beeswax
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Candle Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Container Candle
- 8.2.2. Pillars
- 8.2.3. Votive
- 8.2.4. Tapers
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Wax Type
- 8.3.1. Soy Wax
- 8.3.2. Paraffin
- 8.3.3. Palm Wax
- 8.3.4. Beeswax
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Candle Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Container Candle
- 9.2.2. Pillars
- 9.2.3. Votive
- 9.2.4. Tapers
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Wax Type
- 9.3.1. Soy Wax
- 9.3.2. Paraffin
- 9.3.3. Palm Wax
- 9.3.4. Beeswax
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Yankee Candles
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Thymes
- 10.6. White Barn Candles
- 10.7. Jo Malone
- 10.8. Village Candles
- 10.9. NEST
- 10.10. Slatkin & Co
- 10.11. Malin + Goetz
- 10.12. Colonial Candle
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
