Candle Holder Market Size, Share & Trends Analysis Report By Material (Glass, Ceramic, Metal), By Product (Desktop, Hanging, Wall-Mounted), By End User, By Style, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Candle Holder Market Size, Share & Trends Analysis Report By Material (Glass, Ceramic, Metal), By Product (Desktop, Hanging, Wall-Mounted), By End User, By Style, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Candle Holder Market Growth & Trends

The global candle holder market was valued USD 3.27 billion in 2030 and is expected to grow at a CAGR of 7.4% over 2024 to 2030, according to a new report by Grand View Research, Inc. The market's growth is primarily driven by the rising consumer interest in homeware and home decor, particularly post-COVID-19. The demand for candle holders is fueled by the growing popularity of candles for creating a cozy ambiance in households, hotels, and spas. The increasing sales of decorative gifts such as candles and candle holders also contribute to the market's expansion. The pandemic's impact has led to a surge in demand for candles and home decor products, further driving the interest in candle holders.

The increasing preference for decorative home accessories to enhance living spaces is boosting the demand for aesthetically pleasing candle holders. Designers and architecture professionals are also contributing to innovation, creating holders with high aesthetic value, such as the Rotonda candle holders made from white waste marble. The focus on sustainable materials presents growth opportunities for the market.

The market growth is restrained by shifting consumer preferences towards alternative lighting options and modern decorative items, such as LED candles and flameless holders. The rising demand for substitutes may limit the traditional candle holder market's growth.

The rising demand for modern designs is driven by their versatility, space efficiency, and alignment with evolving consumer preferences and interior design trends. Celebrities and influencers, such as drummer Travis Barker's collaboration with Buster + Punch for the Skull Collection, play a role in setting trends and attracting interest from their fan base and followers. The influence of social media and celebrities contributes to the growing interest in modern styles and functionality.The shift towards minimalist and functional designs is projected to fuel the growth of minimalist styles in the candle holder market.

The global candle holder market is moderately fragmented, with the presence of various small and medium-sized companies, as well as large key players. Companies are focused on increasing their clientele through new product launches and innovative designs. Seasonal launches have become a common practice among companies, with product releases aligned with specific seasons, festivals, and events to capitalize on consumer preferences and demand.

Candle Holder Market Report Highlights

• Ceramic candle holder sales are expected to grow at a CAGR of 8.5% during the forecast period, driven by their cost-effectiveness, aesthetic appeal, artisanal charm, customization options, eco-friendliness, heat resistance, and suitability as gifts
• Wall-mounted candle holders sales are projected to register the fastest growth rate from 2024 to 2030. The space-saving nature of wall-mounted candle holders makes them appealing for smaller living areas, contributing to their growing demand
• Candle holders for residential use accounted for a revenue share of 61.2% share in 2023. The demand is fueled by personal preferences and home decor choices, with consumers prioritizing creating safe and comfortable spaces. The need to add comfort to homes is the main motivation for purchasing home décor which is likely to drive the demand for candle holders in residential settings
• In 2023, modern candle holders dominated the market with a revenue share of 37.3%, surpassing traditional candle holders. Their rising demand is driven by their versatility and space efficiency, aligning with evolving consumer preferences and interior design trends
• E-commerce channel sales are projected to grow at a CAGR of 8.7% from 2024 to 2030, driven by the availability of a wide selection of home décor products and increasing digital penetration
• The Asia Pacific candle holder market is expected to witness the highest growth rate of 8.3% from 2024 to 2030 due to diverse cultural backgrounds leading to varied aesthetic preferences, driving demand for candle holders ranging from traditional to modern styles. The region's urbanization and modern lifestyles will also boost the demand for home decor products, including candle holders

Please note The report will be delivered in 2-3 business days upon order notification.