The Fragrance Wax Melts Market is expected to reach USD 7.24 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with increasing demand for air freshness and hygiene in residential and commercial buildings. Based on statistics, the lack of exposed flames and harmful emissions, make wax melts an eco-friendly and reliable option which will further drive its demand over the expected years. The market for wax melts is anticipated to witness a significant rise over the forecast period on account of the growing demand for air fresheners and aromatherapy. The ever-increasing consumer awareness regarding health and environmental hazards, which has risen due to the usage of aerosol sprays, will spur the product’s demand over the forecast period.
Fragrance wax melts, also known as Wax Tarts, are becoming more and more prevalent in the home fragrance market. They are available in several fragrances and designs. They can be presented as pot pouri or even ornaments, as well. Wax melts also give an excellent cold scent throw, which means it spreads fresh fragrance before they are warmed up. They are placed in an oil burner or a tart warmer that can be used for home fragrance or aromatherapy. They can be slowly warmed up from a lamp light or any electric heating source as well.
APAC is forecasted to be the fastest growing market at a CAGR of 12.3% during the forecast period on account of increased preference for air care products in India, China, and Japan. Significant demand from end-users, such as aromatherapy and home decor, are some of the principal driving factors responsible for the market expansion in the region.
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Key participants include Yankee Candle, Reckitt Benckiser, SC Johnson, Rimports Limited, Scentsy, Michaels Stores, East Coast Candles, AFFCO, Candles by Victoria, Walmart Stores, Scentchips, and ScenSe, among others.
Further key findings from the report suggest
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For the purpose of this study, Reports and Data have segmented the global Fragrance Wax Melts Market on the basis of Product, Fragrance type, application, Business type and region:
Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Fragrance type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Business Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
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Regional analysis section covers analysis of the Fragrance Wax Melts market in the major geographies of the world including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa with regards to production and consumption pattern, supply and demand ratio, import/export, revenue contribution, market share and market size, and presence of key players in the region.
Detailed Regional Analysis Covers:
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