Candle Market (Type: Tea Lights, Pillar Candle, Birthday Candle, Wax Filled Container Candles, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Candle Market (Type: Tea Lights, Pillar Candle, Birthday Candle, Wax Filled Container Candles, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Candle Market – Scope of Report
TMR’s report on the global candle market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global candle market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global candle market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the candle market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global candle market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global candle market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global candle market.

The report delves into the competitive landscape of the global candle market. Key players operating in the global candle market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global candle market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market candle.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

Company websites, presentations, annual reports, white papers, technical paper, product brochure
Internal and external proprietary databases and relevant patents
National government documents, statistical databases, and market reports
News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

Industry Sources:
WorldWideScience.org
Elsevier, Inc.
National Institutes of Health (NIH)
PubMed
NCBI
Department of Health Care Service
Trade Data Sources
Trade Map
UN Comtrade
Trade Atlas
Company Information
OneSource Business Browser
Hoover’s
Factiva
Bloomberg
Mergers & Acquisitions
Thomson Mergers & Acquisitions
MergerStat
Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening secondary research findings
Further develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
Purchasing/Sourcing managers, technical personnel, distributors
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

Advanced Oncotherapy PLC
Danfysik A/S
Hitachi, Ltd.
IBA Worldwide
Mevion Medical Systems, Inc.

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others
Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.


1. Preface
1.1. Market Definitions and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Supply Side
5.3.2. Demand Side
5.4. Key Market Indicators
5.4.1. Overall Home Decoration Industry Overview
5.5. Porter’s Five Forces Analysis
5.6. Value Chain Analysis
5.7. Industry SWOT Analysis
5.8. Raw Material Analysis
5.9. Global Candle Market Analysis and Forecast, 2017 - 2031
5.9.1. Market Value Projections (US$ Mn)
5.9.2. Market Volume Projections (Thousand Units)
6. Global Candle Market Analysis and Forecast, by Type
6.1. Candle Market (US$ Mn and Thousand Units), by Type, 2017 – 2031
6.1.1. Tea Lights
6.1.2. Pillar Candle
6.1.3. Birthday Candle
6.1.4. Wax Filled Container Candles
6.1.5. Others (Votive, Cartridge Candle, etc.)
6.2. Incremental Opportunity, by Type
7. Global Candle Market Analysis and Forecast, by Material
7.1. Candle Market (US$ Mn and Thousand Units), by Material, 2017 - 2031
7.1.1. Beeswax
7.1.2. Stearin
7.1.3. Paraffin Wax
7.1.4. Rapeseed Wax
7.1.5. Others (Palm Wax, Soy Wax, etc.)
7.2. Incremental Opportunity, by Material
8. Global Candle Market Analysis and Forecast, by Application
8.1. Candle Market (US$ Mn and Thousand Units), by Application, 2017 - 2031
8.1.1. Residential
8.1.2. Commercial
8.2. Incremental Opportunity, by Application
9. Global Candle Market Analysis and Forecast, by Price
9.1. Candle Market (US$ Mn and Thousand Units), by Price, 2017 - 2031
9.1.1. Low
9.1.2. Medium
9.1.3. High
9.2. Incremental Opportunity, by Price
10. Global Candle Market Analysis and Forecast, by Distribution Channel
10.1. Candle Market (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031
10.1.1. Online
10.1.1.1. Company owned websites
10.1.1.2. E-commerce websites
10.1.2. Offline
10.1.2.1. Supermarket/Hypermarket
10.1.2.2. Specialty Stores
10.1.2.3. Retail Stores
10.2. Incremental Opportunity, by Distribution Channel
11. Global Candle Market Analysis and Forecast, by Region
11.1. Candle Market (US$ Mn and Thousand Units), by Region, 2017 - 2031
11.1.1. North America
11.1.2. Europe
11.1.3. Asia Pacific
11.1.4. Middle East and Africa
11.1.5. South America
11.2. Incremental Opportunity, by Region
12. North America Candle Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Key Trend Analysis
12.3. Covid-19 Impact Analysis
12.4. Price Trend Analysis
12.4.1. Weighted Average Selling Price (US$)
12.5. Brand Analysis
12.6. Consumer Buying Behavior Analysis
12.7. Candle Market (US$ Mn and Thousand Units), by Type, 2017 - 2031
12.7.1. Tea Lights
12.7.2. Pillar Candle
12.7.3. Birthday Candle
12.7.4. Wax Filled Container Candles
12.7.5. Others (Votive, Cartridge Candle, etc.)
12.8. Candle Market (US$ Mn and Thousand Units), by Material, 2017 - 2031
12.8.1. Beeswax
12.8.2. Stearin
12.8.3. Paraffin Wax
12.8.4. Rapeseed Wax
12.8.5. Others (Palm Wax, Soy Wax, etc.)
12.9. Candle Market (US$ Mn and Thousand Units), by Application, 2017 - 2031
12.9.1. Residential
12.9.2. Commercial
12.10. Candle Market (US$ Mn and Thousand Units), by Price, 2017 - 2031
12.10.1. Low
12.10.2. Medium
12.10.3. High
12.11. Candle Market (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031
12.11.1. Online
12.11.1.1. Company owned websites
12.11.1.2. E-commerce websites
12.11.2. Offline
12.11.2.1. Supermarket/Hypermarket
12.11.2.2. Specialty Stores
12.11.2.3. Retail Stores
12.12. Candle Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031
12.12.1. U.S.
12.12.2. Canada
12.12.3. Rest of North America
12.13. Incremental Opportunity Analysis
13. Europe Candle Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Key Trend Analysis
13.3. Covid-19 Impact Analysis
13.4. Price Trend Analysis
13.4.1. Weighted Average Selling Price (US$)
13.5. Brand Analysis
13.6. Consumer Buying Behavior Analysis
13.7. Candle Market (US$ Mn and Thousand Units), by Type, 2017 - 2031
13.7.1. Tea Lights
13.7.2. Pillar Candle
13.7.3. Birthday Candle
13.7.4. Wax Filled Container Candles
13.7.5. Others (Votive, Cartridge Candle, etc.)
13.8. Candle Market (US$ Mn and Thousand Units), by Material, 2017 - 2031
13.8.1. Beeswax
13.8.2. Stearin
13.8.3. Paraffin Wax
13.8.4. Rapeseed Wax
13.8.5. Others (Palm Wax, Soy Wax, etc.)
13.9. Candle Market (US$ Mn and Thousand Units), by Application, 2017 - 2031
13.9.1. Residential
13.9.2. Commercial
13.10. Candle Market (US$ Mn and Thousand Units), by Price, 2017 - 2031
13.10.1. Low
13.10.2. Medium
13.10.3. High
13.11. Candle Market (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031
13.11.1. Online
13.11.1.1. Company owned websites
13.11.1.2. E-commerce websites
13.11.2. Offline
13.11.2.1. Supermarket/Hypermarket
13.11.2.2. Specialty Stores
13.11.2.3. Retail Stores
13.12. Candle Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031
13.12.1. UK
13.12.2. Germany
13.12.3. France
13.12.4. Rest of Europe
13.13. Incremental Opportunity Analysis
14. Asia Pacific Candle Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Key Trend Analysis
14.3. Covid-19 Impact Analysis
14.4. Price Trend Analysis
14.4.1. Weighted Average Selling Price (US$)
14.5. Brand Analysis
14.6. Consumer Buying Behavior Analysis
14.7. Candle Market (US$ Mn and Thousand Units), by Type, 2017 - 2031
14.7.1. Tea Lights
14.7.2. Pillar Candle
14.7.3. Birthday Candle
14.7.4. Wax Filled Container Candles
14.7.5. Others (Votive, Cartridge Candle, etc.)
14.8. Candle Market (US$ Mn and Thousand Units), by Material, 2017 - 2031
14.8.1. Beeswax
14.8.2. Stearin
14.8.3. Paraffin Wax
14.8.4. Rapeseed Wax
14.8.5. Others (Palm Wax, Soy Wax, etc.)
14.9. Candle Market (US$ Mn and Thousand Units), by Application, 2017 - 2031
14.9.1. Residential
14.9.2. Commercial
14.10. Candle Market (US$ Mn and Thousand Units), by Price, 2017 - 2031
14.10.1. Low
14.10.2. Medium
14.10.3. High
14.11. Candle Market (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031
14.11.1. Online
14.11.1.1. Company owned websites
14.11.1.2. E-commerce websites
14.11.2. Offline
14.11.2.1. Supermarket/Hypermarket
14.11.2.2. Specialty Stores
14.11.2.3. Retail Stores
14.12. Candle Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031
14.12.1. China
14.12.2. India
14.12.3. Japan
14.12.4. Rest of Asia Pacific
14.13. Incremental Opportunity Analysis
15. Middle East & Africa Candle Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Key Trend Analysis
15.3. Covid-19 Impact Analysis
15.4. Price Trend Analysis
15.4.1. Weighted Average Selling Price (US$)
15.5. Brand Analysis
15.6. Consumer Buying Behavior Analysis
15.7. Candle Market (US$ Mn and Thousand Units), by Type, 2017 - 2031
15.7.1. Tea Lights
15.7.2. Pillar Candle
15.7.3. Birthday Candle
15.7.4. Wax Filled Container Candles
15.7.5. Others (Votive, Cartridge Candle, etc.)
15.8. Candle Market (US$ Mn and Thousand Units), by Material, 2017 - 2031
15.8.1. Beeswax
15.8.2. Stearin
15.8.3. Paraffin Wax
15.8.4. Rapeseed Wax
15.8.5. Others (Palm Wax, Soy Wax, etc.)
15.9. Candle Market (US$ Mn and Thousand Units), by Application, 2017 - 2031
15.9.1. Residential
15.9.2. Commercial
15.10. Candle Market (US$ Mn and Thousand Units), by Price, 2017 - 2031
15.10.1. Low
15.10.2. Medium
15.10.3. High
15.11. Candle Market (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031
15.11.1. Online
15.11.1.1. Company owned websites
15.11.1.2. E-commerce websites
15.11.2. Offline
15.11.2.1. Supermarket/Hypermarket
15.11.2.2. Specialty Stores
15.11.2.3. Retail Stores
15.12. Candle Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031
15.12.1. GCC
15.12.2. South Africa
15.12.3. Rest of Middle East & Africa
15.13. Incremental Opportunity Analysis
16. South America Candle Market Analysis and Forecast
16.1. Regional Snapshot
16.2. Key Trend Analysis
16.3. Covid-19 Impact Analysis
16.4. Price Trend Analysis
16.4.1. Weighted Average Selling Price (US$)
16.5. Brand Analysis
16.6. Consumer Buying Behavior Analysis
16.7. Candle Market (US$ Mn and Thousand Units), by Type, 2017 - 2031
16.7.1. Tea Lights
16.7.2. Pillar Candle
16.7.3. Birthday Candle
16.7.4. Wax Filled Container Candles
16.7.5. Others (Votive, Cartridge Candle, etc.)
16.8. Candle Market (US$ Mn and Thousand Units), by Material, 2017 - 2031
16.8.1. Beeswax
16.8.2. Stearin
16.8.3. Paraffin Wax
16.8.4. Rapeseed Wax
16.8.5. Others (Palm Wax, Soy Wax, etc.)
16.9. Candle Market (US$ Mn and Thousand Units), by Application, 2017 - 2031
16.9.1. Residential
16.9.2. Commercial
16.10. Candle Market (US$ Mn and Thousand Units), by Price, 2017 - 2031
16.10.1. Low
16.10.2. Medium
16.10.3. High
16.11. Candle Market (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031
16.11.1. Online
16.11.1.1. Company owned websites
16.11.1.2. E-commerce websites
16.11.2. Offline
16.11.2.1. Supermarket/Hypermarket
16.11.2.2. Specialty Stores
16.11.2.3. Retail Stores
16.12. Candle Market (US$ Mn and Thousand Units) Forecast, By Country & Sub-region, 2017 - 2031
16.12.1. Brazil
16.12.2. Rest of South America
16.13. Incremental Opportunity Analysis
17. Competition Landscape
17.1. Market Player – Competition Dashboard
17.2. Market Revenue Share Analysis (%), (2021)
17.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
17.3.1. Baltic Candles Ltd
17.3.1.1. Company Overview
17.3.1.2. Sales Area/Geographical Presence
17.3.1.3. Revenue
17.3.1.4. Strategy & Business Overview
17.3.2. Bath & Bodyworks
17.3.2.1. Company Overview
17.3.2.2. Sales Area/Geographical Presence
17.3.2.3. Revenue
17.3.2.4. Strategy & Business Overview
17.3.3. Better Homes and Garden
17.3.3.1. Company Overview
17.3.3.2. Sales Area/Geographical Presence
17.3.3.3. Revenue
17.3.3.4. Strategy & Business Overview
17.3.4. Bridgewater Candles
17.3.4.1. Company Overview
17.3.4.2. Sales Area/Geographical Presence
17.3.4.3. Revenue
17.3.4.4. Strategy & Business Overview
17.3.5. Colonial Candles
17.3.5.1. Company Overview
17.3.5.2. Sales Area/Geographical Presence
17.3.5.3. Revenue
17.3.5.4. Strategy & Business Overview
17.3.6. KORONA Candles S.A.
17.3.6.1. Company Overview
17.3.6.2. Sales Area/Geographical Presence
17.3.6.3. Revenue
17.3.6.4. Strategy & Business Overview
17.3.7. NEST
17.3.7.1. Company Overview
17.3.7.2. Sales Area/Geographical Presence
17.3.7.3. Revenue
17.3.7.4. Strategy & Business Overview
17.3.8. Slatkin and Co.
17.3.8.1. Company Overview
17.3.8.2. Sales Area/Geographical Presence
17.3.8.3. Revenue
17.3.8.4. Strategy & Business Overview
17.3.9. Thymes
17.3.9.1. Company Overview
17.3.9.2. Sales Area/Geographical Presence
17.3.9.3. Revenue
17.3.9.4. Strategy & Business Overview
17.3.10. Village Candles
17.3.10.1. Company Overview
17.3.10.2. Sales Area/Geographical Presence
17.3.10.3. Revenue
17.3.10.4. Strategy & Business Overview
17.3.11. Yankee
17.3.11.1. Company Overview
17.3.11.2. Sales Area/Geographical Presence
17.3.11.3. Revenue
17.3.11.4. Strategy & Business Overview
18. Key Takeaways
18.1. Identification of Potential Market Spaces
18.1.1. By Type
18.1.2. By Material
18.1.3. By Application
18.1.4. By Price
18.1.5. By Distribution Channel
18.1.6. By Region
18.2. Understanding the Buying Process of Customers
18.2.1. By Preferred Type
18.2.2. By Preferred Material
18.2.3. By Preferred Application
18.2.4. By Preferred Price
18.2.5. By Preferred Distribution Channel
18.2.6. Target Audience
18.3. Preferred Sales & Marketing Strategy

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