Global Candle Market Size, Trends and Growth Opportunity, By Products Type (Container Candle, Pillar Candle, Votive Candle, Tapers Candle and Others), By Price Point (Premium, Medium and Economy), By End-User (Individual Consumers and Commercial Consumers) By Distribution (B2b, B2c And Online) By Region and Forecast Till 2027.
Global Candle Market
The global candle market was valued at USD 6.8 billion in 2021 and it is expected to reach at USD 9.9 billion in 2027 at a CAGR of 6.5 % during forecast period 2022-2027.
Candles are basically made up of paraffin wax it is colourless and extracted from petroleum oil and coal shales. Increasing demand for candles for decoration of house and office and it also utilize for celebrating festival like Diwali & Christmas or for commercial utility in spa and massage centers using scented candle for a soothing effect. Over the past few candles witness a significant growth.
Market Drivers
The increasing use of candles is expected to fuel the growth of the candle market during the forecast period. Rising consumption of eco- friendly candles, growing usage of scented candle and increasing use of candles in decoration and in spa clinics escalates the demand for candles also they are widely used in restaurants and hotels during the decoration of dining table, rising infrastructure of hotels and restaurants amplify the growth of this market.
Market Restraints
The wide availability of low-cost alternative products such as scented sticks, and rising trend of using electric aroma diffusers, and increasing concern over toxic chemical produced due to candle smoke during manufacturing process has been a restraint.
COVID-19 Impact on the Global Candle Market
With the outbreak of covid-19 the candle market witnessed adverse impact like any other industry. Stringent regulation and lockdown imposed by government to prevent the spread of corona virus which resulted in production and disruption in supply chain of raw material, shutting down of restaurants and hotels which have led to fall in demand for candles.
Market Segmentation
The global candle market segmented on the basis of products type, price point, end-user and distribution channel. On the basis of products type it segmented into container candle, pillar candle, votive candle, tapers candle and others. On the basis of price point it segmented into premium, medium and economy. On the basis of end-user it segmented into individual consumers and commercial consumers. On the basis of distribution channel b2b, b2c and online.
Regional Analysis
The global candle market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North-America has dominated the global candle market due to rising demand for candles especially during festive time of years like Christmas or Esters in the region. Asia-Pacific is also expected to grow at a faster rate for rising usage of candles in countries like China and India which is raising infrastructural facilities related to grocery and shopping malls.
Key Players
Various key players are listed in this report such as Vollmar Gmbh., Slatkin & Co., The Yankee Candle Company, Thymes LLC., White Barn Candles Company, Circle E Candle,Inc., Blyth Industies,Inc., Colonial Candle Company, Village Candle Inc., The Bridge Water Candle Company.
Market Taxonomy
By Types
Candle
Pillar candle
Votive candle
Tapers candle
Others
By Price Point
Premium
Medium
Economy
By End-User
Individual consumers
Commercial consumers
By Distribution Channel
B2B
B2C
Online
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Candle Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Candle Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Candle Market, By Types
- 5.1 Y-o-Y Growth Comparison, By Types
- 5.2 Global Candle Market Share Analysis, By Types
- 5.3 Global Candle Market Size and Forecast, By Types
- 5.3.1 Candle
- 5.3.2 Pillar Candle
- 5.3.4 Votive Candle
- 5.3.5 Tapers Candle
- 5.3.6 Others
- 6 Global Candle Market, By Price Point
- 6.1 Y-o-Y Growth Comparison, By Price Point
- 6.2 Global Candle Market Share Analysis, By Price Point
- 6.3 Global Candle Market Size and Forecast, By Price Point
- 6.3.1 Premium
- 6.3.2 Medium
- 6.3.3 Economy
- 7 Global Candle Market, By End- User
- 7.1 Y-o-Y Growth Comparison, By End-User
- 7.2 Global Candle Market Share Analysis, By End-User
- 7.3 Global Candle Market Share Analysis, By End-User
- 7.3.1 Individual Consumer
- 7.3.2 Commercial Consumer
- 8 Global Candle Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Candle Market Share Analysis, By Distribution Channel
- 7.4 Global Candle Market Share Analysis, By Distribution Channel
- 7.3.1 B2B
- 7.3.2 B2C
- 7.3.3 Online
- 9 Global Candle Market, By Region
- 9.1 Global Candle Market Share Analysis, By Region
- 9.2 Global Candle Market Share Analysis, By Region
- 10 North America Candle Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 North America Candle Market Share Analysis, By Types
- 10.3 North America Candle Market Size and Forecast, By Price Point
- 10.4 North America Candle Market Size and Forecast, By End User
- 10.5 North America Candle Market Size and Forecast, By Distribution Channel
- 10.6 North America Candle Market Size and Forecast, By Country
- 10.6.1 U.S
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Candle Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Europe Candle Market Share Analysis, By Types
- 11.3 Europe Candle Market Size and Forecast, By Price Point
- 11.4 Europe Candle Market Size and Forecast, By End User
- 11.5 Europe Candle Market Size and Forecast, By Distribution Channel
- 11.6 Europe Candle Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.6.4 Rest of Europe
- 12 Asia Pacific Candle Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Asia Pacific Candle Market Size and Forecast, By Types
- 12.3 Asia Pacific Candle Market Size and Forecast, By Price Point
- 12.4 Asia Pacific Candle Market Size and Forecast, By End User
- 12.5 Asia Pacific Candle Market Size and Forecast, By Distribution Channel
- 12.6 Asia Pacific Candle Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4. Rest of Asia Pacific
- 13 Latin America Candle Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Latin America Candle Market Size and Forecast, By Types
- 13.3 Latin America Candle Market Size and Forecast, By Price Point
- 13.4 Latin America Candle Market Size and Forecast, By End User
- 13.5 Latin America Candle Market Size and Forecast, By Distribution Channel
- 13.6 Latin America Candle Market Size and Forecast, By Country
- 13.6.1 Brazil
- 13.6.2. Rest of Latin America
- 14 Middle East Candle Market Analysis and Forecast (2022-2027)
- 14.1 Introduction
- 14.2 Middle East Candle Market Share Analysis, By Types
- 14.3 Middle East Candle Market Size and Forecast, By Price Point
- 14.4 Middle East Candle Market Size and Forecast, By End User
- 14.5 Middle East Candle Market Size and Forecast, By Distribution Channel
- 14.6 Middle East Candle Market Size and Forecast, By Country
- 14.6.1. Saudi Arabia
- 14.6.2. UAE
- 14.6.3. Egypt
- 14.6.4. Kuwait
- 14.6.5. South Africa
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1. Vollmar Gmbh
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2. Slatkin & Co
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3. The Yankee Candle Company
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4. Thymes LLC.
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5. White Barn Candles Company
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6. Circle E Candle, Inc.
- 16.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7. Blyth Industries, Inc.
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8. Colonial Candle Company
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9. Village Candle Inc.
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10. The Bridge Water Candle Company
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.10.6 Key Strategies
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