Candle Market Overview:

Maximize Market Research, a well-known business research firm has recently released a comprehensive report on the "Candle Market". As per the Candle market report, the total market size value from 2023 and estimated value for 2030 with a CAGR forecasted from 2024 to 2030.

Growth Trajectory for Candle Market:

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.

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Candle Market Report Scope and Research Methodology

Maximize Market Research is the world’s fastest-growing group of market research reports globally. Our market research databases combine statistical data with analysis across global, regional, national, and company perspectives. Maximize Market Research service portfolio also includes services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

The Candle market research report examines deep into the analysis of trending competitors, their growth patterns, and the dynamics of the market. It provides valuable information on the market value and demand at both regional and global levels, assisting a comprehensive understanding of the competitive environment and the market's potential in terms of production, demand, and supply. Both qualitative and quantitative characteristics of the industry have also been covered in the report. Quantitative research requires the organized gathering and analysis of measurable data to make conclusions about a particular market. The report provides a detailed description of major segments with several sub-segments. The data from these qualitative and quantitative sources are combined to create a report that provides information on the conditions required for higher growth. The report also includes available opportunities for stakeholders to invest in the Candle market. The report utilizes Porter’s Five Forces analysis to determine the organization’s competitive positions and improved profitability, also using pestle analysis as well as SWOT analysis.


Candle Market Segmentation:

by Type

Tea Lights
Birthday Candle
Cartridge Candle
Wax Filled Container Candles

Tea Lights, Votive, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others are the market segments divided based on type. During the course of the forecast period, the votive candle segment is anticipated to maintain its dominant market share, having dominated the market in 2023. Within the candle industry, the votive candle segment is a subset of candles distinguished by their cylindrical shape and diminutive size. Generally speaking, votive candles are short, squat candles that are smaller than pillar candles but wider than conventional taper candles. Votive candles typically burn shorter than larger candles like pillar or jar candles because of their smaller size.

by Wax Type

Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax

The market is divided into categories according to the type of wax: paraffin wax, rapeseed wax, soy wax, beeswax, stearin, palm wax, and others. During the course of the forecast period, the Paraffin Wax segment is anticipated to maintain its dominant market share, having dominated the market in 2023. Because paraffin wax is inexpensive, versatile, and simple to use, it is one of the most widely used materials in the production of candles. The main ingredient in paraffin wax candles is paraffin wax, a solid white or colorless wax made mostly from petroleum byproducts. Paraffin wax is a popular option for scented and colored candles because of its reputation for holding color and fragrance well.

by Distribution Channel


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Candle Market Major 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)
17. Root Candles (United States)
18. Makers of Wax Goods (United States)
19. Himalayan Trading Post (United States)
20. Aquiesse (United States)
21. Circle E Candles (United States)
22. Tyler Candle Company (United States)
23. Swan Creek Candle Company (United States)
24. Bridgewater Candle Company (United States)

Candle Market Regional Insights

These insights aim to provide a comprehensive understanding of various aspects within a region, including trends, challenges, and opportunities. It involves the analysis of data, trends, and consumer behavior to derive meaningful insights that inform decision-making processes and the creation of strategies customized for specific regions. The Candle market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes an analysis of all the factors, market size, growth rate, and import and export in regions.

For deeper market insights, peruse the summary of the research report: 

Key questions answered in the Candle Market are:

  • What is Candle?
  • What was the Candle market size in 2023?
  • What is the growth rate of the Candle Market?
  • What segments are covered in the Candle Market?
  • What is the study period of this Candle Market?
  • Who are the leading companies and what are their portfolios in Candle Market?
  • Which are the factors expected to drive the Candle market growth?
  • What are the different segments of the Candle Market?
  • What are the upcoming industry applications and trends for the Candle Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Candle Market?
  • What segments are covered in the Candle Market?
  • Who are the key players in the Candle market?
  • What growth strategies are the players considering to increase their presence in Candle?

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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