Candle Market Overview:
The Candle Market Research Report presents the current market state, encompassing definitions, classifications, applications, and industry chain structure. It offers unbiased professional commentary on the present market scenario, covering market performance, production and consumption rates, demand and supply ratios, and income generation throughout the forecast period.
Candle Market size was valued at US$ 8.36 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 8.2% through 2023 to 2029, reaching nearly US$ 14.52 Bn.
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Candle Market Report Scope and Research Methodology:
The Candle market report offers a comprehensive analysis of the Candle market using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, along with PESTAL, PORTER, and SWOT analysis. It presents detailed information on market shares, supply chain analysis, and key success factors.
Candle Market Regional Insights:
The report presents statistical data on market growth for every influential economy in the global Candle market. It considers various countries, including North America, Asia-Pacific, Europe, South America, and MEA during its preparation. The report covers emerging trends, population growth, and government strategies and regulations.
Candle Market Segmentation:
by Type
Tea Lights
Votive
Pillars
Birthday Candle
Cartridge Candle
Wax Filled Container Candles
Others
Tea Lights, Votives, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others are the market segments based on Type. By 2029, the votive candle sector is anticipated to have the biggest market share. This is a result of its capacity for delayed burning. These come in a variety of colors, including red, pink, yellow, purple, black, and many others, and are around 5 cm tall and 4 cm broad. They are stored on a glass holder to enhance their beauty when lit. During the forecast period of 2022–2029, these are the main advantages that propel the expansion of the votive candle segment in the worldwide market.
by Raw Material
Beeswax
Stearin
Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax
Others
The market is divided into Beeswax, Stearin, Paraffin Wax, Rapeseed Wax, Palm Wax, Soy Wax, and Others based on the raw material. The category for paraffin wax is anticipated to expand quickly at a CAGR throughout the projected period. This is as a result of its low price and versatility in shaping. It is a petroleum by-product that can withstand water and is frequently used to create floating candles. Additionally, because of its semi-translucence and lack of color, it can be colored, giving it a beautiful aspect. During the projection period, these are the major factors boosting the paraffin wax segment's growth worldwide.
by Distribution Channel
Offline
Online
The market is divided into Offline and Online segments based on the distribution channel. During the projected period, the offline channel segment is anticipated to increase quickly at a CAGR. This is because consumers in developing nations like Bangladesh, China, and India make significant purchases from neighborhood and department stores. Customers who choose to make purchases through offline channels also have the option of physical confirmation because they can sample the fragrance prior to making a purchase. These are the variables that, throughout the course of the forecast period, will fuel the expansion of the offline channel segment in the global market.
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Candle Market Key Players are:
1. Baltic Candles Ltd
2. Bolsius International BV
3. Delsbo Candle AB
4. Diana Lys A/S
5. Duni AB
6. Erich Kopschitz GmbH
7. Hansa Candle AS
8. Bekro Chemie GMBH
9. KORONA Candles S.A.
10. Suomen Kerta Oy
11. Yankee Candle Europe Ltd
12. Affari AB
13. BISPOL Sp. z o.o.
14. Candle Scandinavia Group AB
15. Ceras Roura
16. Duffy Scott Candlemakers Ltd
17. Engels Kerzen GmbH
18. Ester Erik A/S
19. Gebr. Müller Kerzenfabrik AG
20. Korpiahon Hunaja Oy
21. Kynttilä-Tuote Oy
22. Liljeholmens Stearinfabriks AB
23. Monterosa Zelandi Srl
24. The Copenhagen Candle Company Limited
25. VILA HERMANOS CERERÍA SA
26. Seal Aromas Gmbh
27. Contract Candles Ltd
28. Spaas Candles Poland Sp Z O O
29. Bartek Candles
Key questions answered in Candle Market are:
- What is Candle?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Candle Market?
- Which factors are the lucrative opportunities for the Candle market growth?
- How is the intervention from regulatory authority shaping the Candle Market?
- What growth strategies are the players considering to increase their presence in the Candle Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2022-2029)
- Past Pricing and price curve by region (2022-2029)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- 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
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