According to the report by the publisher, the global candle market size attained a value of USD 8054.4 million in 2022. Aided by the rising demand for specialty candles, the market is projected to further grow at a CAGR of 2.8% between 2023 and 2028, to reach a value of USD 9454.1 million by 2028.
A candle is a solid and ignitable collection of a flammable substance, typically wax, with a wick embedded that can be lit to produce a flame that lasts for a longer period of time, based on the flammable substance used. Initially, candles were used for purposes such as to obtain heat and light or to track time but now are widely used as a decorative piece and for various functions and rituals such as weddings, funerals, birthdays, and religious ceremonies. Candles are available in all shapes and size suitable for different occasions which is again a major factor helping in the growth of the market.
Addition of fragrance in the candles has become a growing trend, which, along with providing elegant lighting, results in the spread of the fragrance when the candle is lit. The aroma created is often used to produce a relaxing atmosphere. Based on the fragrances used, various atmospheres and scents can be created upon burning the candle.
The belief in the ability of candles to elevate mood, build self-confidence, promote better sleep better, and improve cognitive as well as physical performance has increased its demand all across the globe boosting the sale of candles. Busy and hectic lifestyles led by people worldwide have increased the demand for scented and aromatherapy candles rapidly, thereby helping in the growth of the candle market. However, simple candles continue to be used as a source of light especially during power outages or emergency situations.
Clean-packaged candles that offer improved transparency regarding ingredients and components and use sustainable packaging are often preferred by consumers due to rising environmental concerns. Hence, many manufacturers are focussing on creating candles from eco-friendly and natural materials such as beeswax and soy. Development of soy candles has further contributed to the growth of the candle market as they are gaining popularity owing to their eye catching and smooth flame.
A candle is a solid and ignitable collection of a flammable substance, typically wax, with a wick embedded that can be lit to produce a flame that lasts for a longer period of time, based on the flammable substance used. Initially, candles were used for purposes such as to obtain heat and light or to track time but now are widely used as a decorative piece and for various functions and rituals such as weddings, funerals, birthdays, and religious ceremonies. Candles are available in all shapes and size suitable for different occasions which is again a major factor helping in the growth of the market.
Addition of fragrance in the candles has become a growing trend, which, along with providing elegant lighting, results in the spread of the fragrance when the candle is lit. The aroma created is often used to produce a relaxing atmosphere. Based on the fragrances used, various atmospheres and scents can be created upon burning the candle.
The belief in the ability of candles to elevate mood, build self-confidence, promote better sleep better, and improve cognitive as well as physical performance has increased its demand all across the globe boosting the sale of candles. Busy and hectic lifestyles led by people worldwide have increased the demand for scented and aromatherapy candles rapidly, thereby helping in the growth of the candle market. However, simple candles continue to be used as a source of light especially during power outages or emergency situations.
Clean-packaged candles that offer improved transparency regarding ingredients and components and use sustainable packaging are often preferred by consumers due to rising environmental concerns. Hence, many manufacturers are focussing on creating candles from eco-friendly and natural materials such as beeswax and soy. Development of soy candles has further contributed to the growth of the candle market as they are gaining popularity owing to their eye catching and smooth flame.
Market Segmentation
The market can be divided on the basis of product type, raw material, distribution channel, and region.Market Breakup by Product Type
- Pillars
- Tea Lights
- Votive
- Cartridge Candle
- Birthday Candle
- Wax Filled Container Candles
- Others
Market Breakup by Raw Material
- Stearin
- Beeswax
- Palm Wax
- Soy Wax
- Paraffin Wax
- Others
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the candle market companies. Some of the major key players explored in the report by the publisher are as follows:- Candle Delirium, Inc
- Bath and Body Works, Inc
- Empire Candle Company, LLC
- MVP Group International, Inc
- Armadilla Wax Works, Inc
- S.C Johnson and Son, Inc
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Candle Market Analysis
8.1 Key Industry Highlights
8.2 Global Candle Historical Market (2018-2022)
8.3 Global Candle Market Forecast (2023-2028)
8.4 Global Candle Market by Product Type
8.4.1 Pillars
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Tea Lights
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Votive
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Cartridge Candle
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Birthday Candle
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Wax Filled Container Candles
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Candle Market by Raw Material
8.5.1 Stearin
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Beeswax
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Palm Wax
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Soy Wax
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Paraffin Wax
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Candle Market by Distribution Channel
8.6.1 Online
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Offline
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Candle Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Candle Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Candle Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Candle Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Candle Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Candle Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 340600)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
17.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Candle Delirium, Inc.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Bath and Body Works, Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Empire Candle Company, LLC
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 MVP Group International, Inc
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Armadilla Wax Works, Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 S.C. Johnson and Son, Inc
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
Companies Mentioned
- Candle Delirium, Inc.
- Bath and Body Works, Inc.
- Empire Candle Company, LLC
- MVP Group International, Inc
- Armadilla Wax Works, Inc.
- S.C. Johnson and Son, Inc
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 153 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 8242.9 Million |
| Forecasted Market Value ( USD | $ 9454.1 Million |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
