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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Candle Market Size
The global candle industry reached nearly USD 8.33 billion in 2023. It is estimated to grow at a CAGR of 2.7% during 2024-2032 to reach a value of USD 10.61 billion by 2032.
Candle Market Outlook
- The European region accounts for about two-thirds of the total global candle imports.
- Scented candles are increasingly being preferred for enhancing the aesthetic appeal and ambience of an environment, which aids the candle market value.
- There is a growing preference for candles made from natural waxes like soy or beeswax, reflecting a broader interest in sustainability and health-conscious living.
Candle Market Report Snapshots
Candle Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached nearly USD 8.33 billion in 2023.
The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 10.61 billion by 2032.
The major product types are cartridge candle, tea lights, birthday candle, pillars, votive, wax filled container candles, and others.
The key regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key factors driving the growth of the market are the increasing adoption of scented candles as part of changing lifestyles and the increased importance of self-care, and the growing preference for sustainable candle products.
The various distribution channels of the product include offline and online.
The key players in the market include Candle Delirium, Inc., Bath and Body Works, Inc., Empire Candle Company, LLC, MVP Group International, Inc, Armadilla Wax Works, Inc., and S.C. Johnson and Son, Inc, among others.
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