Global Scented Candles Market to Reach $677.8 Million by 2030
The global market for Scented Candles estimated at US$550.7 Million in the year 2023, is expected to reach US$677.8 Million by 2030, growing at a CAGR of 3% over the analysis period 2023-2030. Container-Based Scented Candles, one of the segments analyzed in the report, is expected to record a 3.2% CAGR and reach US$387.9 Million by the end of the analysis period. Growth in the Scented Candle Pillars segment is estimated at 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $149.2 Million, While China is Forecast to Grow at 5.1% CAGR
The Scented Candles market in the U.S. is estimated at US$149.2 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$133.6 Million by the year 2030 trailing a CAGR of 5.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$87.4 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook