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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Candle Market Trends
As candles are known to elevate the mood, relieve stress, and produce a calming effect, their usage at home and office settings is rising to promote the feel-good factor, further improving their aesthetics and ambience.
Candle making is a crucial trend in candle market which is gaining popularity among beginners or small-scale business owners, as the initial costs of setting up the business are low. Candle manufacturing is a simple process and eliminates the use of heavy machinery. Start-ups can also invest in building cost-effective e-commerce websites to increase customer engagement.
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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