Global Candle Market
The global candle market is projected to reach approximately US$ 15.11 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.17% between 2024 and 2030. In 2023, the market was valued at US$ 9.94 billion.
Candles are known for their therapeutic benefits, including reducing stress, promoting relaxation, and enhancing mood. Scents designed to encourage relaxation or evoke specific emotions have become increasingly popular. Advanced smart candles, Global Candle Market which feature color-changing LEDs, aromatherapy capabilities, and app-controlled functions, are appealing to tech-savvy consumers seeking personalized and interactive experiences.
Types of Candle available Globally
The global candle market is segmented by product type, including votive, pillar, taper, and other candles. In 2022, votive candles held the largest market share. Known for their small size and slow burn, votive candles have a bell-top design that allows the wax to melt evenly, ensuring even scent diffusion. These candles burn for approximately ten hours, making them slightly larger and longer-lasting than tea-light candles.
Types of Waxes Used in Candles
The market is further divided by wax type, including paraffin, soy, beeswax, palm, and others. The paraffin wax segment led the market, driven by consumers’ awareness of its benefits. Paraffin wax is widely used in luxury candles due to its availability, ease of use, and excellent color and scent retention. It is highly versatile and works well in various candle forms, including pillar and container candles.
Beeswax candles are expected to grow significantly from 2023 to 2030, fueled by increasing attention to sustainability and wellness. Beeswax candles release negative ions that help purify the air, contributing to an enhanced atmosphere. These candles produce minimal indoor air pollution, making them ideal for individuals with asthma or sinus issues.
Wax Type – Global Candle Market breakup in 5 viewpoints:
- Plam Wax
- Soy Wax
- Bees Wax
- Paraffin
- Others
Category – Global Candle Market breakup in 2 viewpoints:
- Economical
- Luxury
Product – Global Candle Market breakup in 5 viewpoints:
- Votive
- Container Candle
- Pillars
- Tapers
- Others
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United States Home Decor Market
Growth Factors of Candle Industry
Shifting Consumer Preferences and Lifestyles
The candle market has been influenced by evolving lifestyles that emphasize aromatherapy, relaxation, and creating cozy environments at home. Consumers are seeking products that offer comfort and stress relief, with decorative and scented candles catering to these changing preferences. Additionally, the rise of remote work and increased time spent at home due to factors like lockdowns has boosted demand for candles, as people look to enhance their living spaces.
Growing Focus on Health and Self-Care
There has been a global shift towards wellness and self-care, with candles playing a role in this trend. Candles infused with natural scents and essential oils are associated with mindfulness, relaxation, and a spa-like atmosphere. As consumers become more health-conscious and seek stress-relief solutions, aromatherapy candles have gained popularity for their wellness benefits, further driving the market’s growth.
Distribution Channel – Global Candle Market breakup in 5 viewpoints:
- Online Retail
- Specialty Stores
- Supermarkets & Hypermarkets
- Departmental Stores
- Institutional Sales
Country – Market breakup in 26 Countries Candle Industry viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherland
- Turkey
Asia Pacific
- China
- Japan
- India
- Indonesia
- South Korea
- Thailand
- Malaysia
- Australia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Rest of the World
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
- Portmeirion Group PLC
- Newell Brands Inc.
- Estée Lauder Companies Inc.
- Lalique Group SA
- Bath & Body Works, Inc.
- MVP Group International Inc.
- Diptyque Paris
- NEST New York
- Thymes, LLC
- Village Candle
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