The Europe Soy-based Candles Market is expected to witness market growth of 13.7% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 45.87 million units, showcasing a growth of 13.8% (2020-2024).
Pillar Candles are a popular product type in the soy-based candles market, known for their cylindrical shape and versatility in design. These candles are typically made from soy wax, offering a cleaner, longer burn compared to traditional paraffin candles. Pillar candles come in various sizes, from small, decorative versions to large, statement pieces, and are often used for both aesthetic purposes and practical lighting in homes, events, and ceremonies. Therefore, the Germany market is expected to utilize 4.38 million units of pillar candles by the year 2031.
The Germany market dominated the Europe 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 $634.6 Million by 2031. UK market is exhibiting a CAGR of 13% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 14.6% during 2024-2031.
The soy-based candles market has grown substantially over the past decade, driven by increasing consumer awareness about environmental sustainability and the desire for natural and non-toxic home products. Soy candles from hydrogenated soybean oil offer an eco-friendly alternative to traditional paraffin candles derived from petroleum. This shift towards more sustainable options is reflective of broader trends in consumer behaviour, where environmental consciousness plays a significant role in purchasing decisions.
Additionally, soy-based candles are versatile and find applications in various settings, including homes, spas, restaurants, and events. Their appeal lies in their clean-burning nature, which produces minimal soot compared to paraffin candles. This makes them particularly popular for indoor use, where air quality is a concern. Soy candles are a staple in home decor, used to create a warm and inviting atmosphere.
The soy-based candles market in Europe stands to benefit significantly from the demographic and policy shifts currently underway across the continent. According to Eurostat data, in 2021, the EU population was almost evenly split between predominantly urban regions (40.5%) and intermediate regions (38.7%), with the remaining 20.8% residing in predominantly rural areas. This distribution indicates a substantial urban and semi-urban consumer base, which is crucial for the market expansion of niche products like soy-based candles.
Pillar Candles are a popular product type in the soy-based candles market, known for their cylindrical shape and versatility in design. These candles are typically made from soy wax, offering a cleaner, longer burn compared to traditional paraffin candles. Pillar candles come in various sizes, from small, decorative versions to large, statement pieces, and are often used for both aesthetic purposes and practical lighting in homes, events, and ceremonies. Therefore, the Germany market is expected to utilize 4.38 million units of pillar candles by the year 2031.
The Germany market dominated the Europe 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 $634.6 Million by 2031. UK market is exhibiting a CAGR of 13% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 14.6% during 2024-2031.
The soy-based candles market has grown substantially over the past decade, driven by increasing consumer awareness about environmental sustainability and the desire for natural and non-toxic home products. Soy candles from hydrogenated soybean oil offer an eco-friendly alternative to traditional paraffin candles derived from petroleum. This shift towards more sustainable options is reflective of broader trends in consumer behaviour, where environmental consciousness plays a significant role in purchasing decisions.
Additionally, soy-based candles are versatile and find applications in various settings, including homes, spas, restaurants, and events. Their appeal lies in their clean-burning nature, which produces minimal soot compared to paraffin candles. This makes them particularly popular for indoor use, where air quality is a concern. Soy candles are a staple in home decor, used to create a warm and inviting atmosphere.
The soy-based candles market in Europe stands to benefit significantly from the demographic and policy shifts currently underway across the continent. According to Eurostat data, in 2021, the EU population was almost evenly split between predominantly urban regions (40.5%) and intermediate regions (38.7%), with the remaining 20.8% residing in predominantly rural areas. This distribution indicates a substantial urban and semi-urban consumer base, which is crucial for the market expansion of niche products like soy-based candles.
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)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Soy-based Candles Market by Fragrance
Chapter 5. Europe Soy-based Candles Market by Product Type
Chapter 6. Europe Soy-based Candles Market by End Use
Chapter 7. Europe Soy-based Candles Market by Distribution Channel
Chapter 8. Europe Soy-based Candles Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- 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
Methodology
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