![]() ![]() Hence, candles are extensively purchased from brick-and-mortar stores so that customers can better understand the product. The soft light and fragrance of a candle are perceived as capable of reducing stress and elevating the mood. The global market for candles is expected to be driven by customers’ demand for scented candles, sustainable candle solutions, and candles used during celebrations and the holiday season. Buyers assume a wide significance to candle fragrance, and the fragrance of a candle significantly influences a buyer’s purchase decision. Growing Demand for Scented and Environmentally Friendly Candles Aiding the Market Read more about this report - REQUEST FREE SAMPLE COPY IN PDF It is expected to grow at a CAGR of 2.8% during the period 2023-2028 to reach a value of USD 9.5 billion by 2028. In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.The global candle market was valued at USD 8.1 billion in 2022. Middle East and Africa(Middle East, South Africa, Egypt).Europe(Germany, UK, France, Spain, Russia, Italy).Asia Pacific(China, Japan, India, Korea, Southeast Asia).South America(Brazil, Argentina, Other).North America(United States, Canada, Mexico).On the basis of the end users/applications this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:Ĭandle Market - Regional Analysis: On the basis of product type this report displays the production, revenue, price, market share and growth rate of each type, primarily split into: The report provides an overview of the company's operations, goals, and values, and serves as a marketing tool to promote the business to potential customers, investors, or partners. The report also includes company description, major business, In Candle product introduction, recent developments and In Candle sales by region, type, application and by sales channel. This In Candle Market report offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2018-2023. Global Candle Scope and Market Size The global Candle market is segmentedĬandle Market Consumers, Competitive and Segmentation Analysis: ![]() ![]() Europe is the largest market, has a share about 36%, followed by North America and Asia-Pacific, with share 34% and 19%, separately. The top three players hold a share about 20%. Global key players of candle include Yankee Candle, Luminex, Bolsius, etc. While Traditional Field segment is altered to an Percent CAGR throughout this forecast period. Fully considering the economic change by this health crisis, Petroleum and Mineral accounting for Percent of the Candle global market in 2022, is projected to value USD million by 2030, growing at a revised Percent CAGR from 2023 to 2030. Market Analysis and Insights: Global Candle Market Due to the COVID-19 pandemic, the global Candle market size is estimated to be worth USD 8013.3 million in 2022 and is forecast to a readjusted size of USD 10510 million by 2030 with a CAGR of 3.4% during the forecast period 2023-2030. It can also be used to provide heat, or as a method of keeping time. “ Get a Sample Copy of the Candle Market Report 2023"Ī candle is wax with an ignitable wick embedded that provides light, and in some cases, a fragrance. Dandong Everlight Candle Industry Co., Ltd.Qingdao Kingking Applied Chemistry Co., LTD.Luminex Home Décor and Fragrance Holding Corporation (Global Consumer Acquisition Corp.).Some of the TOP KEY PLAYERS in the global Candle market include: Who is the Significant manufacturer in the Global? Additionally, The Report Highlights the Involvement of Numerous Companies and Individual Advisors from Around the World in Establishing Official Economic Ties with The Organization, With A Focus On Type And Applications. The Report Offers a Comprehensive Overview of Various Commercial Opportunities and Includes Optimistic Revenue Projections. Pre and Post-COVID Study of Candle Market Is Covered in The Most Recent Updated Report.
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