Candle Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
Candle Market size was valued at USD 7.15 Billion in 2020 and is projected to reach USD 13.38 Billion by 2028, growing at a CAGR of 8.2% to 2028.
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A candle is an ignitable wick that is made up of wax that provides light. Candles were initially used as a source of light but nowadays, they are a symbol of celebration. It signifies aroma, soothes the senses, defines a ceremony and events, and many more. Candles are available in various shapes, sizes, designs, and colors which include votive, pillars, tea lights, cartridge candles, birthday candles, wax-filled container candles, and others
Increasing demand for candles for decoration of houses and offices and in celebrating festivals like Diwali and Christmas are some of the factors that have supported long-term expansion for Candle Market.
Key Players
· Yankee Candles
· Thymes
· White Barn Candles
· Jo Malone
· Village Candles
· NEST
· Slatkin & Co
· Malin + Goetz
· Colonial Candle
· Diptyque
Recent Developments
March, 2021 – Supplies for Candles LTD, based in Yorkshire, has invested £2.5 million in the acquisition of Glassprint Ltd. Glassprint Ltd was founded in 2002 and specializes in printing on glass products such as candle glasses and perfume bottles.
February, 2021 – Yankee Candle®, the world’s largest home fragrance company, has announced the launch of its new Signature Collection. With reimagined tumbler candles and hand-illustrated labels depicting the fragrance notes within each scent, the new collection breathes new life into Yankee Candle’s design.
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Regional Analysis
North America was the largest market, accounting for more than 30% of the global revenue share in 2018. The region is expected to continue leading in the near future attributed to increasing product demand during the festive seasons such as Easter and Christmas.
Candle Market is segmented into product, wax and region.
On the basis of Wax
· Soy wax
· Paraffin
· Palm wax
· beeswax
On the basis of Product
· container candle
· pillars
· votive
· tapers
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Candle Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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