The candle market is projected to grow at a compound annual growth rate (CAGR) of 8.2% from its 2023 valuation of USD 9.05 billion to USD 15.71 billion by 2030.
Candle Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Candle Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Candle market, with forecasts outspreading to the year 2030.
Candle Market Scope and Methodology:
The market research report Candle provides comprehensive details on important factors, including those anticipated to drive the industry's growth and impending obstacles. Stakeholders will have a solid understanding of the investment potential in the Candle market, the industry's competitive environment, and the products pushed by well-known brands. The research examines the sector's qualitative and quantitative aspects. Part of what the MMR probe looks into is a thorough analysis of the competition for the Candle Market.
A lengthy list of needs is included in the study, along with a detailed explanation for each. When creating the Candle Market, a wide range of primary and secondary information sources were taken into account, including official government documents, websites, annual reports, and expert and professional comments.
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Candle Market Regional Insights
In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Candle market conditions in various nations thanks to the research's regional analysis. The Candle market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.
Candle Market Segmentation
by Type
Tea Lights
Votive
Pillars
Birthday Candle
Cartridge Candle
Wax Filled Container Candles
Others
Tea Lights, Votive, Pillars, Birthday Candles, Cartridge Candles, Wax-Filled Container Candles, and Others are the market segments. The market was dominated by the votive candle category in 2023 and is anticipated to continue to maintain the greatest share of the candle market during the forecast period. In the candle industry, the votive candle section refers to a particular type of candle that is distinguished by its modest size and cylindrical shape. Usually short and squat, votive candles are smaller than pillar candles but wider than conventional taper candles. Votive candles typically burn for a shorter period of time than larger candles like pillar or jar candles because of their diminutive size.
by Wax Type
Beeswax
Stearin
Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax
Others
Beeswax, Stearin, Paraffin Wax, Rapeseed Wax, Palm Wax, Soy Wax, and Others are the market segments. The candle market's greatest share is anticipated to be held by the Paraffin Wax segment, which dominated the market in 2023. Because of its affordability, adaptability, and simplicity of use, paraffin wax is one of the most widely used ingredients in the production of candles. Paraffin wax, a white or colorless solid wax made from petroleum byproducts, makes up the majority of paraffin wax candles. Paraffin wax is a common option for scented and colored candles because of its reputation for retaining color and scent.
by Distribution Channel
Online
Offline
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Candle Market Key Players
1. Yankee Candle Company (United States)
2. Bath Body Works (United States)
3. Village Candle (United States)
4. PartyLite (United States)
5. Chesapeake Bay Candle (United States)
6. Colonial Candle (United States)
7. WoodWick Candle (United States)
8. Illuminations (United States)
9. Diptyque (France)
10. Jo Malone London (United Kingdom)
11. Voluspa (United States)
12. NEST Fragrances (United States)
13. Paddywax (United States)
14. Archipelago Botanicals (United States)
15. Capri Blue (United States)
16. Kringle Candle Company (United States)
17. Root Candles (United States)
18. Makers of Wax Goods (United States)
19. Himalayan Trading Post (United States)
20. Aquiesse (United States)
21. Circle E Candles (United States)
22. Tyler Candle Company (United States)
23. Swan Creek Candle Company (United States)
24. Bridgewater Candle Company (United States)
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Key questions answered in the Candle Market are:
- What is Candle ?
- What was the Candle market size in 2023?
- What is the growth rate of the Candle Market?
- Which are the factors expected to drive the Candle market growth?
- What is the CAGR at which the Candle market will grow during the forecast period?
- What are the different segments of the Candle Market?
- Which is the fastest growing region in the Candle market?
- What growth strategies are the players considering to increase their presence in Candle ?
- What are the upcoming opportunities and trends for the Candle Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Candle Market?
- Who are the leading companies and what are their portfolios in Candle Market?
- What segments are covered in the Candle Market?
- Who are the key players in the Candle market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
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