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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Peru Candle Market Outlook
The Peru candle market size is projected to grow at a CAGR of 4.4% between 2024 and 2032. The market is being driven by the growing popularity of multisensory candles and the rising trend of sustainability.
Key Takeaways:
- Container candles are expected to constitute a major portion of the Peru candle market share.
- Online distribution channels are expected to dominate the market over the forecast period.
- Multicoloured candles are an integral part of the celebration of some of Peru’s religious festivals.
Many companies are focusing on creating innovative candles that mimic famous artists, food items, or other objects, which is contributing towards their increasing popularity in the Peruvian market. Moreover, sustainability is emerging as one of the key themes in the market, with companies utilising palm wax, beeswax, and other sustainable raw materials to make candles. This enhances the consumer appeal for candles, which waft a natural scent and leave no carbon residues behind. This is expected to drive the Peru candle market expansion over the forecast period.
Multisensory candles have become highly popular due to their ability to attract various human senses through their noise, smell, and music. Subscription-based candle service providers are witnessing a huge surge in demand for personalised candles. The rise of candle-making kits is also driving the Peru candle market growth as consumers are focusing on self-manufacturing customised candles within their homes.
The increasing demand for organic and cruelty-free candles is also emerging as a key driver of the Peru candle market growth as consumers are shifting towards the usage of natural products and ingredients to minimise their environmental footprint.
Market Segmentation
Peru Candle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Pillars
- Votive
- Tapers
- Container Candles
- Others
Market Breakup by Raw Material
- Beeswax
- Palm Wax
- Soy Wax
- Paraffin Wax
- Others
Market Breakup by Distribution Channel
- Online
- Offline
The key Peru candle market players are PATAGONIA CANDLES, and The Yankee Candle Company, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Raw Material |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The different raw materials in the market include beeswax, palm wax, soy wax, and paraffin wax, among others.
The different segments considered in the market report are Pillars, votive, tapers, and container candles, among others.
The key market players are PATAGONIA CANDLES, and The Yankee Candle Company, Inc., among others.
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