The Asia Pacific Candle Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
A wax is a flammable, carbon-containing solid that becomes liquid when heated above room temperature, or it can also be termed as fuel for candles. When the scented candle is lit, the wax melts, vaporizes, and is combusted, producing light and heat. Any oil can be turned into wax, giving plenty of choices for candle usage. Different types of wax can be used to create simple and scented candles. Beeswax has been used to make candles for a long time, and the newest waxes are obtained from petroleum and coconut.
Each type of candle wax has different characteristics, making some burn slowly while producing smoke-free flame, while some are better at holding and transmitting fragrance. Soy wax usually has the longest burning time, but new and enhanced ingredients are being made to create a candle that burns the slowest. The length of time a candle burns is majorly affected by things like the place of candle burning, room temperature, wick, and container the candle utilizes are among the other factors to affect the time of the candle.
The Indian tourism sector is essential to the “Make in India” program. The tourism industry in India plays a crucial role in the significant economic multiplier. India is known to give world heritage sites, geographical diversity, and niche tourism products like adventure, eco-tourism, medicine, etc. India aims to raise cruise passenger traffic from 0.4 million to 4 million. The tourism sector’s growth will also enhance the hospitality industry and hotels in the nation, which will, in turn, propel the usage of decorative items like candles by the commercial sectors and thereby propel the market’s growth.
The China market dominated the Asia Pacific Candle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,420 million by 2028. The Japan market is estimated to grow a CAGR of 5.4% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 6.7% during (2022 - 2028).
Based on Product, the market is segmented into Votive, Container Candle, Pillars, Tapers, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Wax Type, the market is segmented into Paraffin, Soy Wax, Beeswax, Palm Wax, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Yankee Candle Company (Newell Brands, Inc.), Estee Lauder Companies, Inc., Bed Bath & Beyond, Inc., Diptyque (Manzanita Capital Ltd.), Ellis Brooklyn, Trudon, Contract Candles & Diffusers Ltd., Conscious Candle Co., The Bridgewater Candle Company, and NEST Fragrances.
A wax is a flammable, carbon-containing solid that becomes liquid when heated above room temperature, or it can also be termed as fuel for candles. When the scented candle is lit, the wax melts, vaporizes, and is combusted, producing light and heat. Any oil can be turned into wax, giving plenty of choices for candle usage. Different types of wax can be used to create simple and scented candles. Beeswax has been used to make candles for a long time, and the newest waxes are obtained from petroleum and coconut.
Each type of candle wax has different characteristics, making some burn slowly while producing smoke-free flame, while some are better at holding and transmitting fragrance. Soy wax usually has the longest burning time, but new and enhanced ingredients are being made to create a candle that burns the slowest. The length of time a candle burns is majorly affected by things like the place of candle burning, room temperature, wick, and container the candle utilizes are among the other factors to affect the time of the candle.
The Indian tourism sector is essential to the “Make in India” program. The tourism industry in India plays a crucial role in the significant economic multiplier. India is known to give world heritage sites, geographical diversity, and niche tourism products like adventure, eco-tourism, medicine, etc. India aims to raise cruise passenger traffic from 0.4 million to 4 million. The tourism sector’s growth will also enhance the hospitality industry and hotels in the nation, which will, in turn, propel the usage of decorative items like candles by the commercial sectors and thereby propel the market’s growth.
The China market dominated the Asia Pacific Candle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,420 million by 2028. The Japan market is estimated to grow a CAGR of 5.4% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 6.7% during (2022 - 2028).
Based on Product, the market is segmented into Votive, Container Candle, Pillars, Tapers, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Wax Type, the market is segmented into Paraffin, Soy Wax, Beeswax, Palm Wax, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Yankee Candle Company (Newell Brands, Inc.), Estee Lauder Companies, Inc., Bed Bath & Beyond, Inc., Diptyque (Manzanita Capital Ltd.), Ellis Brooklyn, Trudon, Contract Candles & Diffusers Ltd., Conscious Candle Co., The Bridgewater Candle Company, and NEST Fragrances.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Votive
- Container Candle
- Pillars
- Tapers
- Others
By Distribution Channel
- Offline
- Online
By Wax Type
- Paraffin
- Soy Wax
- Beeswax
- Palm Wax
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Yankee Candle Company (Newell Brands, Inc.)
- Estee Lauder Companies, Inc
- Bed Bath & Beyond, Inc
- Diptyque (Manzanita Capital Ltd.)
- Ellis Brooklyn
- Trudon
- Contract Candles & Diffusers Ltd
- Conscious Candle Co
- The Bridgewater Candle Company
- NEST Fragrances
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Candle Market, by Product
1.4.2 Asia Pacific Candle Market, by Distribution Channel
1.4.3 Asia Pacific Candle Market, by Wax Type
1.4.4 Asia Pacific Candle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Candle Market by Product
3.1 Asia Pacific Votive Market by Country
3.2 Asia Pacific Container Candle Market by Country
3.3 Asia Pacific Pillars Market by Country
3.4 Asia Pacific Tapers Market by Country
3.5 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Candle Market by Distribution Channel
4.1 Asia Pacific Offline Market by Country
4.2 Asia Pacific Online Market by Country
Chapter 5. Asia Pacific Candle Market by Wax Type
5.1 Asia Pacific Paraffin Market by Country
5.2 Asia Pacific Soy Wax Market by Country
5.3 Asia Pacific Beeswax Market by Country
5.4 Asia Pacific Palm Wax Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Candle Market by Country
6.1 China Candle Market
6.1.1 China Candle Market by Product
6.1.2 China Candle Market by Distribution Channel
6.1.3 China Candle Market by Wax Type
6.2 Japan Candle Market
6.2.1 Japan Candle Market by Product
6.2.2 Japan Candle Market by Distribution Channel
6.2.3 Japan Candle Market by Wax Type
6.3 India Candle Market
6.3.1 India Candle Market by Product
6.3.2 India Candle Market by Distribution Channel
6.3.3 India Candle Market by Wax Type
6.4 South Korea Candle Market
6.4.1 South Korea Candle Market by Product
6.4.2 South Korea Candle Market by Distribution Channel
6.4.3 South Korea Candle Market by Wax Type
6.5 Singapore Candle Market
6.5.1 Singapore Candle Market by Product
6.5.2 Singapore Candle Market by Distribution Channel
6.5.3 Singapore Candle Market by Wax Type
6.6 Malaysia Candle Market
6.6.1 Malaysia Candle Market by Product
6.6.2 Malaysia Candle Market by Distribution Channel
6.6.3 Malaysia Candle Market by Wax Type
6.7 Rest of Asia Pacific Candle Market
6.7.1 Rest of Asia Pacific Candle Market by Product
6.7.2 Rest of Asia Pacific Candle Market by Distribution Channel
6.7.3 Rest of Asia Pacific Candle Market by Wax Type
Chapter 7. Company Profiles
7.1 The Yankee Candle Company (Newell Brands, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Estee Lauder Companies, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.3 Bed Bath & Beyond, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.4 Diptyque (Manzanita Capital Ltd.)
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 Ellis Brooklyn
7.5.1 Company Overview
7.6 Trudon
7.6.1 Company Overview
7.7 Contract Candles & Diffusers Ltd.
7.7.1 Company Overview
7.8 Conscious Candle Co.
7.8.1 Company Overview
7.9 The Bridgewater Candle Company
7.9.1 Company Overview
7.10. NEST Fragrances
7.10.1 Company Overview
Companies Mentioned
- The Yankee Candle Company (Newell Brands, Inc.)
- Estee Lauder Companies, Inc.
- Bed Bath & Beyond, Inc.
- Diptyque (Manzanita Capital Ltd.)
- Ellis Brooklyn
- Trudon
- Contract Candles & Diffusers Ltd.
- Conscious Candle Co.
- The Bridgewater Candle Company
- NEST Fragrances
Methodology
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