ID: MRFR/CR/8886-HCR | February 2021 | Region: Global | 90 pages
Global Pumpkin Candles Market size in 2019 was valued at USD 220.7 Million and is expected to exhibit a CAGR of 6.1% from 2020 to 2026.
Pumpkin candles are a type of spicy scented candles that help in removing unpleasant odors from one’s surroundings. These types of candles are generally made from beeswax, paraffin wax, and soy wax.
The demand for pumpkin candles is increasing owing to the rising popularity of scented candles across the world. The popularity of scented candles is growing faster than the other candles. The increasing popularity of scented candles as a home care product has led to the growing popularity of pumpkin candles.
Another key factor behind the growth of the pumpkin candles market is the rising awareness in the application of such scented candles in aromatherapies and massages. Scientifically proven facts about the key role of scented candles in physiological effects of stress, mood, working capacity, and overall mental health has further helped in increasing awareness of pumpkin candles. Increasing disposable incomes, the growth of the organized retail sector, and strong online distribution channels, especially home furnishing sites, have further resulted in the growth of the market.
The outbreak of COVID-19 has resulted in a surge in demand for pumpkin candles, especially in the western regions. With lockdown restrictions across the globe and people restricting themselves at home to restrain the growth of COVID-19, demand for pumpkin candles has surged exponentially. Additionally, the seasonal demand for pumpkin candles due to Halloween celebrations in western countries is expected to last long due to travel restrictions and more time spending at home. After the post-COVID-19 outbreak, many companies are experiencing increased sales of scented candles, including pumpkin candles. Net-a-Porter, an international online retailer, has witnessed a triple-digit growth rate in sales (y-o-y) since March 2020.
Global Pumpkin Candles Market has witnessed exponential growth in the last couple of months. Owing to the outbreak of a global pandemic, COVID-19, the pandemic has created lucrative growth opportunities for pumpkin candle manufacturers across the globe. As people are staying more at home due to lockdown restrictions, more focus is given to home renovation. Additionally, amidst the COVID-19 outbreak, people across the globe perceive such scented candles for creating comfort and calmness in their homes.
The rising popularity of scented candles across the globe
By Material Type
By Distribution Channel