Candle Market Overview
The Candle Market research report classifies the market trends relevant to the supply, requirement, and arrangement, at any rate, the new events. The report highlights huge drivers, restrictions and positive chances to give a definite image of the market. The Candle Market research report gives complete details about the profitable emerging markets and examines insights into the markets' developing section. Furthermore, the Candle Market research report gives a complete evaluation of market shares, approaches, products, verification, regulatory approvals, copyright aspect, and manufacturing proficiency of the leading players.
Global Candle Market Size By Product (Pillars, Votive, Tapers, Container Candle), By Wax (Soy Wax, Paraffin, Palm Wax, Beeswax), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
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% from 2021 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.
Candle Market 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 Competitive Landscape
Key Players
· Yankee Candles
· Thymes
· White Barn Candles
· Jo Malone
· Village Candles
· NEST
· Slatkin & Co
· Malin + Goetz
· Colonial Candle
· Diptyque
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Recent Developments in The Candle Market
· 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.
Reasons to Acquire Candle Market Report
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Candle Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
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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