Candle Market was valued at USD 9.05 Bn in 2023 and is expected to reach USD 15.71 Bn by 2030, at a CAGR of 8.2 % during the forecast period.
Candle Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Candle Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Candle Market.
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Candle Market Scope and Methodology:
The Candle Market requires a mix of both qualitative and quantitative research methods. Candle Market information is gathered through different research methods including expert advice, primary and secondary research, both qualitative and quantitative. Primary research gathers important data from interviews, surveys, questionnaires, and input from industry experts, customers and other sources either in person or over the phone.
The report provides in-depth analysis on different strategies used by leading companies, such as partnerships, mergers, acquisitions, and collaborations. The report conducted a SWOT analysis to evaluate the company's market position through identifying its strengths, weaknesses, opportunities, and threats. Analytical techniques, such as examining investment returns, conducting a feasibility study, and using Porter's five forces analysis, were employed to assess the Candle market. The bottom-up approach was used to determine the global and regional Candle market sizes.
Candle Market Regional Insights:
The Candle Market report is segmented into various key countries. Countries such as North America (United States, Canada, Mexico), Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries), South America (Brazil), and the Middle East and Africa.
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Candle Market Segmentation:
by Type
Tea Lights
Votive
Pillars
Birthday Candle
Cartridge Candle
Wax Filled Container Candles
Others
Tea Lights, Votive, Pillars, Birthday Candle, Cartridge Candle, Wax Filled Container Candles, and Others are the market segments based on type. The market was dominated by the votive candle category in 2023 and is anticipated to continue to maintain the greatest share of the candle market during the forecast period. In the candle industry, the votive candle section refers to a particular type of candle that is distinguished by its modest size and cylindrical shape. Usually short and squat, votive candles are smaller than pillar candles but wider than conventional taper candles. Votive candles typically burn for a shorter period of time than larger candles like pillar or jar candles because of their diminutive size. Votive candles, however, continue to illuminate for several hours, thus they're appropriate for temporary use .
by Wax Type
Beeswax
Stearin
Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax
Others
The market is divided into several segments based on the kind of wax: Beeswax, Stearin, Paraffin, Rapeseed, Palm, Soy, and Others. The candle market's greatest share is anticipated to be held by the Paraffin Wax segment, which dominated the market in 2023. Because of its affordability, adaptability, and simplicity of use, paraffin wax is one of the most widely used ingredients in the production of candles. Paraffin wax, a white or colorless solid wax made from petroleum byproducts, makes up the majority of paraffin wax candles. Paraffin wax is a common option for scented and colored candles because of its reputation for retaining color and scent.
by Distribution Channel
Online
Offline
Candle Market Key Players:
1. Yankee Candle Company (United States)
2. Bath Body Works (United States)
3. Village Candle (United States)
4. PartyLite (United States)
5. Chesapeake Bay Candle (United States)
6. Colonial Candle (United States)
7. WoodWick Candle (United States)
8. Illuminations (United States)
9. Diptyque (France)
10. Jo Malone London (United Kingdom)
11. Voluspa (United States)
12. NEST Fragrances (United States)
13. Paddywax (United States)
14. Archipelago Botanicals (United States)
15. Capri Blue (United States)
16. Kringle Candle Company (United States)
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Key questions answered in the Candle Market are:
- What is Candle?
- What is the growth rate of the Candle Market?
- Which are the factors expected to drive the Candle Market growth?
- What are the upcoming opportunities and trends for the Candle Market?
- Who are the leading companies and what are their portfolios in Candle Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Candle Market?
- Who are the key players in the Candle Market?
- What are the different segments of the Candle Market?
- Which is the fastest growing region in the Candle Market?
- What growth strategies are the players considering to increase their presence in Candle?
- What is the CAGR at which the Candle Market will grow during the forecast period?
- What segments are covered in the Candle Market?
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/candle-market/42231/
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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