Candle Market size was valued at USD 7.15 Billion in 2020 and is projected to reach USD 13.38 Billion by 2028, growing at a CAGR of 8.2% from 2021 to 2028.
A candle is an ignitable wick that is made up of wax that provides light. Candles were initially used as a source of light but nowadays, they are a symbol of celebration. It signifies aroma, soothes the senses, defines a ceremony and events, and many more. Candles are available in various shapes, sizes, designs, and colors which include votive, pillars, tea lights, cartridge candles, birthday candles, wax-filled container candles, and others
Increasing demand for candles for decoration of houses and offices and in celebrating festivals like Diwali and Christmas are some of the factors that have supported long-term expansion for Candle Market.
North America was the largest market, accounting for more than 30% of the global revenue share in 2018. The region is expected to continue leading in the near future attributed to increasing product demand during the festive seasons such as Easter and Christmas.
Insights are provided for each region and major countries within the regions
|
Report Feature |
Descriptions |
|---|---|
|
Growth Rate |
CAGR of 8.2% during the forecasting period, 2021-2028 |
|
Historical Data |
2018-2019 |
|
Forecast Years |
2021-2028 |
|
Base Year |
2020 |
|
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
|
Report Segmentation |
Product, wax and region. |
|
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
|
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
|
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
|
Companies Profiled |
Yankee Candles, Thymes, White Barn Candles, Jo Malone, Village Candles, NEST, Slatkin & Co, Malin + Goetz, Colonial Candle, Diptyque |
|
Available Customization |
In addition to the market data for Candle Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Candle Market is segmented into product, wax and region.
.png)
.png)
.png)
.png)
.png)
.png)