Candles Market Insights:
According to MRFR analysis, the global candle market is expected to register a CAGR of ~5.30% from 2022 to 2030 and hold a value of over USD 10.7 billion by 2030.
The Candles Market refers to the global industry that produces and sells various types of candles, including scented, unscented, decorative, and religious candles. Candles have been used for centuries for illumination, religious rituals, and decorative items. Today, candles are also popular as a form of aromatherapy and for creating a cozy atmosphere in homes and businesses.
The global candle market is a large and diverse industry that is driven by a variety of factors, including changing consumer preferences, the growing popularity of aromatherapy, and the increasing demand for decorative candles. The market is also influenced by seasonal trends, with sales typically increasing during holiday seasons and colder months.
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Key Players:
Some of the key market players are Dianne’s Custom Candles, Dandong Evenlight Candle Industry Co. Ltd., Empire Candle, ZHONG Nam Industrial (International) Co. Ltd, and SC Johnson & Son Inc.
Market Segmentation:
The Global Candles market has been segmented into Material Types and Categories.
Based on the Material Type, the market has been segmented into Synthetic Wax, Paraffin Wax, Vegetable Wax, and Animal Wax.
Based on the Category, the market has been segmented into Economical and Luxury
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Regional Analysis:
The North American candle market is the largest in the world, with the United States being the largest market in the region. The market is driven by increasing demand for scented and decorative candles, particularly those made from natural materials such as soy wax. Consumers in this region tend to prefer candles with unique fragrances and designs that complement their home decor.
The European candle market is a mature market, with a strong tradition of candle making. The market is driven by the popularity of luxury candles, particularly those made with high-quality natural ingredients and featuring unique fragrances. Consumers in this region tend to be interested in eco-friendly and sustainable candles that are made from natural materials.
The Asia-Pacific candle market is a rapidly growing market, driven by increasing consumer spending power and a growing interest in aromatherapy and home decor. Consumers in this region tend to prefer candles with unique fragrances and designs, particularly those that are influenced by traditional Asian culture.
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