Candle Holder Market Report 2024

The candle holder market size has grown rapidly in recent years. It will grow from $0.62 billion in 2023 to $0.7 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The expansion observed in the past can be linked to higher spending on home decor, the surge in online retailing, greater demand for eco-friendly products, a rise in DIY home projects, and increased globalization.

The candle holder market size is expected to see rapid growth in the next few years. It will grow to $1.13 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The anticipated growth is driven by the rising interest in DIY and homemade products, the increase in events and celebrations, greater consumer investment in home aesthetics, an expanding market for luxury home goods, and a heightened demand for multifunctional products. Key trends to watch in the forecast period include technological innovations, the integration of cultural artifacts, the popularity of subscription box services, a focus on sustainable products, and evolving home decor styles.

The growth of the candle holder market is expected to be significantly driven by the rising popularity of e-commerce. E-commerce involves the buying and selling of goods and services online and includes various business models such as business-to-consumer (B2C), business-to-business (B2B), consumer-to-consumer (C2C), and consumer-to-business (C2B). The appeal of e-commerce is largely due to the convenience of online shopping and the extensive range of products available. By capitalizing on e-commerce benefits, candle holder businesses can broaden their market reach, enhance customer engagement, streamline operations, and boost sales and brand visibility. For example, the United States Census Bureau reported that US retail e-commerce sales reached $289.2 billion in the first quarter of 2024, marking a 2.1% increase from the previous quarter. This trend underscores the potential for e-commerce to drive growth in the candle holder sector.

Leading companies in the candle holder market are concentrating on creating innovative products, such as reversible candle holders, which provide versatile decor options with dual-sided designs suited for different styles or occasions. A reversible candle holder features two distinct designs, allowing users to switch between them for varied aesthetic needs. For example, in June 2024, K'DCOR, a US-based manufacturer, introduced a new reversible candle holder with a dual-purpose design that accommodates both votive/tealight and taper candles. Users can easily flip the holder to transition from a sleek, modern design for votive or tealight candles to a classic, elegant stand for taper candles. This adaptability ensures the candle holder complements any décor, from contemporary to traditional.

In December 2021, Dusk Group Ltd., an Australian retailer specializing in candles and home fragrance products, acquired Eroma Group for $28 million. This acquisition enables Dusk to leverage Eroma's expertise and supply chain capabilities, potentially fostering innovation in product development and enhancing production efficiency. Eroma Group, based in Australia, supplies candle holders and fragrance products.

Major companies operating in the candle holder market are Bath & Body Works Direct Inc., Crate & Barrel, The Yankee Candle Company Inc., Pier 1 Imports Inc, West Elm, Mud Pie, Candle Warmers Etc, Pavilion Gift Company, MyGift Enterprise LLC, Serene Spaces Living, NAPA Home & Garden, Aloha Bay, Black Tai Salt Co., Dlite Crafts, CraftsOfEgypt, The Hosley Store, Steven Bukowski LLC, The Candle Dux, Colonial Candle, Biedermann & Sons Inc., AzureGreen, Majestic Giftware Inc., E W Hannas Inc.

Asia-Pacific was the largest region in the candle holder market in 2023. The regions covered in the candle holder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the candle holder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A candle holder is an object that serves both decorative and practical purposes by securely supporting a candle. Its main functions include providing a stable base for the candle, preventing wax drips from damaging surfaces, and enhancing the visual appeal of the candlelight.

Candle holders come in several main types desktop, hanging, wall-mounted, and outdoor. Desktop candle holders are designed for use on flat surfaces such as tables, desks, or countertops. They are available in various styles and sizes and aim to enhance a room's ambiance while offering a stable base for the candle. These holders are made from materials such as ceramic, glass, metal, and plastic, and are available in styles ranging from traditional to modern, ornamental to minimalist. They are distributed through various channels, both online and offline, and are used in residential, commercial, institutional, and hospitality settings.

The candle holders market research report is one of a series of new reports that provides candle holders market statistics, including candle holders industry global market size, regional shares, competitors with a candle holders market share, detailed candle holders market segments, market trends, and opportunities, and any further data you may need to thrive in the candle holders industry. This candle holder research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The candle holder market consists of sales of votive candle holders, tealight holders, pillar candle holders, taper candle holders, and lanterns. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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