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Report Overview
The global candle industry reached nearly USD 8.33 billion in 2024. It is estimated to grow at a CAGR of 2.7% during 2025-2034 to reach a value of USD 10.61 billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Candle Market Regional Analysis
Luxury candles have become one of the most well-liked home gifting items in North America; they are seen as suitable gifting options for important occasions like weddings, birthdays, and Christmas, for scent appeal and home décor purposes.
In 2022, about EUR 2,331 million worth of candles were imported by the EU members, representing an increase of 32% from 2021 in the EU candle market. European customers have been incorporating spa and yoga routines into their lifestyles to improve mental and spiritual wellness. As candles play an important role in these health and happiness practices owing to their calming, relaxing, or stimulating effects, their usage in bathrooms, and bedrooms, among other locations in home settings has increased.
Further, demand for traditional Japanese candles has been increasing, as these candles utilise wax from Japanese wax trees and lacquer trees which makes them organic with a unique ability to gently illuminate Buddhist statues in a way that Western candles cannot. The candles are made using a unique traditional "tegake" technique that involves repeatedly applying wax around the candlewick with bare hands.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124