Asia Pacific Soy-based Candles Market Size, Share & Trends Analysis Report By Fragrance (Scented Candles, and Unscented Candles), By Product Type, By End Use (Residential, and Commercial), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Soy-based Candles Market is expected to witness market growth of 14.6% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 205.25 million units, showcasing a growth of 16.5% (2020-2023).

Tealight Candles are a popular product type in the soy-based candles market, known for their small size, versatile use, and eco-friendly composition. Typically made from soy wax, these candles are an attractive option for consumers seeking a sustainable, clean-burning alternative to traditional paraffin candles. Soy tealight candles are favored for their ability to burn longer and more evenly compared to their petroleum-based counterparts. Therefore, the China market is expected to utilize 22.44 million units of tealight candles by the year 2031.



The China market dominated the Asia Pacific Soy-based Candles Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $714.7 Million by 2031. The Japan market is registering a CAGR of 13.9% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 15.3% during 2024-2031.

The wellness industry extensively uses soy-based candles due to their natural composition and the ability to infuse therapeutic-grade essential oils. The calming scents and the clean burn enhance the overall experience in spas and meditation centers. Soy candles are favored in restaurants and event settings for their aesthetic appeal and the fact that they do not interfere with the aroma and taste of food.

Moreover, their longer burn time and cleaner flame are practical advantages in these environments. The personalized and artisanal appeal of soy-based candles makes them popular for gifts and souvenirs. They can be customized with different scents, colors, and packaging, catering to various tastes and occasions.

The soy-based candles market in India is experiencing significant growth due to various factors. The increasing awareness of environmental issues and the growing popularity of wellness & lifestyle products are key drivers. One of the primary factors driving the growth of soy-based candles in India is the increasing environmental awareness among consumers. As people become more conscious of the ecological impact of their purchases, there is a growing preference for eco-friendly products. For example, Indian companies like Nirvana Being and Phool are tapping into this trend by offering eco-friendly soy-based candles. These brands emphasize their commitment to sustainability, using biodegradable packaging and promoting the benefits of soy wax over paraffin wax.

List of Key Companies Profiled

• POMMES FRITES CANDLE CO.
• Kerax Ltd.
• Scripted Fragrance
• Pacifica Beauty LLC
• Magnolia Stores, LLC
• Northern Lights Enterprises, Inc.
• Paddywax, LLC (DESIGNWORKS INVESTMENTS)
• Soyworx
• Stand Around Creations
• Wax & Wick

Market Report Segmentation

By Fragrance (Volume, Thousand Units, USD Billion, 2020-2031)

• Scented Candles
• Unscented Candles

By Product Type (Volume, Thousand Units, USD Billion, 2020-2031)

• Container Candles
• Pillar Candles
• Tealight Candles
• Other Product Types

By End Use (Volume, Thousand Units, USD Billion, 2020-2031)

• Residential
• Commercial

By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)

• Online Retail
• Supermarkets/Hypermarkets
• Specialty Stores
• Other Distribution Channel

By Country (Volume, Thousand Units, USD Billion, 2020-2031)

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific