ID: MRFR/CR/1856-HCR | February 2021 | Region: Global | 110 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End-User
4.2 Porterβs Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitutes
4.2.5 Internal Rivalry
5 Market Dynamics of the Global Scented Candles Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
6. Global Scented Candles Market, by Material Type
6.1 Introduction
6.2 Synthetic Wax
6.2.1 Market Estimates & Forecast, 2020β2027
6.2.2 Market Estimates & Forecast, by Region, 2020β2027
6.3 Paraffin Wax
6.3.1 Market Estimates & Forecast, 2020β2027
6.3.2 Market Estimates & Forecast, by Region, 2020β2027
6.4 Vegetable Wax
6.4.1 Market Estimates & Forecast, 2020β2027
6.4.2 Market Estimates & Forecast, by Region, 2020β2027
6.5 Animal Wax
6.5.1 Market Estimates & Forecast, 2020β2027
6.5.2 Market Estimates & Forecast, by Region, 2020β2027
7. Global Scented Candles Market, by Category
7.1 Introduction
7.2 Mass
7.2.1 Market Estimates & Forecast, 2020β2027
7.2.2 Market Estimates & Forecast, by Region, 2020β2027
7.3 Premium
7.3.1 Market Estimates & Forecast, 2020β2027
7.3.2 Market Estimates & Forecast, by Region, 2020β2027
8. Global Scented Candles Market, by Distribution Channel
8.1 Introduction
8.2 Store-Based
8.2.1 Market Estimates & Forecast, 2020β2027
8.2.2 Market Estimates & Forecast, by Region, 2020β2027
8.2.3 Supermarkets & Hypermarkets
8.2.3.1 Market Estimates & Forecast, 2020β2027
8.2.3.2 Market Estimates & Forecast, by Region, 2020β2027
8.2.4 Convenience Stores
8.2.4.1 Market Estimates & Forecast, 2020β2027
8.2.4.2 Market Estimates & Forecast, by Region, 2020β2027
8.2.5 Others
8.2.5.1 Market Estimates & Forecast, 2020β2027
8.2.5.2 Market Estimates & Forecast, by Region, 2020β2027
8.3 Non-Store-Based
8.3.1 Market Estimates & Forecast, 2020β2027
8.3.2 Market Estimates & Forecast, by Region, 2020β2027
9. Global Scented Candles Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2020β2027
9.2.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.2.3 Market Estimates & Forecast, by Category, 2020β2027
9.2.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.2.5 US
9.2.5.1 Market Estimates & Forecast, 2020β2027
9.2.5.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.2.5.3 Market Estimates & Forecast, by Category, 2020β2027
9.2.5.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.2.6 Canada
9.2.6.1 Market Estimates & Forecast, 2020β2027
9.2.6.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.2.6.3 Market Estimates & Forecast, by Category, 2020β2027
9.2.6.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.2.7 Mexico
9.2.7.1 Market Estimates & Forecast, 2020β2027
9.2.7.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.2.7.3 Market Estimates & Forecast, by Category, 2020β2027
9.2.7.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.3 Europe
9.3.1 Market Estimates & Forecast, 2020β2027
9.3.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.2.3 Market Estimates & Forecast, by Category, 2020β2027
9.3.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.3.5 Germany
9.3.5.1 Market Estimates & Forecast, 2020β2027
9.3.5.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.2.5.3 Market Estimates & Forecast, by Category, 2020β2027
9.3.5.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.3.6. France
9.3.6.1 Market Estimates & Forecast, 2020β2027
9.3.6.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.3.6.3 Market Estimates & Forecast, by Category, 2020β2027
9.3.6.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.3.7 Italy
9.3.7.1 Market Estimates & Forecast, 2020β2027
9.3.7.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.3.7.3 Market Estimates & Forecast, by Category, 2020β2027
9.3.7.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.3.8 Spain
9.3.8.1 Market Estimates & Forecast, 2020β2027
9.3.8.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.3.8.3 Market Estimates & Forecast, by Category, 2020β2027
9.3.8.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.3.9 UK
9.3.9.1 Market Estimates & Forecast, 2020β2027
9.3.9.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.3.9.3 Market Estimates & Forecast, by Category, 2020β2027
9.3.9.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.3.10 Rest of Europe
9.3.10.1 Market Estimates & Forecast, 2020β2027
9.3.10.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.3.10.3 Market Estimates & Forecast, by Category, 2020β2027
9.3.10.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.4 Asia-Pacific
9.4.1 Market Estimates & Forecast, 2020β2027
9.4.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.4.3 Market Estimates & Forecast, by Category, 2020β2027
9.4.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.4.5 China
9.4.5.1 Market Estimates & Forecast, 2020β2027
9.4.5.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.4.5.3 Market Estimates & Forecast, by Category, 2020β2027
9.4.5.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.4.6 India
9.4.6.1 Market Estimates & Forecast, 2020β2027
9.4.6.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.4.6.3 Market Estimates & Forecast, by Category, 2020β2027
9.4.6.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.4.7 Japan
9.4.7.1 Market Estimates & Forecast, 2020β2027
9.4.7.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.4.7.3 Market Estimates & Forecast, by Category, 2020β2027
9.4.7.3 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.4.8 Australia & New Zealand
9.4.8.1 Market Estimates & Forecast, 2020β2027
9.4.8.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.4.8.4 Market Estimates & Forecast, by Category, 2020β2027
9.4.8.3 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.4.9 Rest of Asia-Pacific
9.4.9.1 Market Estimates & Forecast, 2020β2027
9.4.9.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.4.9.3 Market Estimates & Forecast, by Category, 2020β2027
9.4.9.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.5 Rest of the World (RoW)
9.5.1 Market Estimates & Forecast, 2020β2027
9.5.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.5.3 Market Estimates & Forecast, by Category, 2020β2027
9.5.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.5.5 South America
9.5.5.1 Market Estimates & Forecast, 2020β2027
9.5.5.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.5.5.3 Market Estimates & Forecast, by Category, 2020β2027
9.5.5.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.5.6 Middle East
9.5.6.1 Market Estimates & Forecast, 2020β2027
9.5.6.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.5.6.3 Market Estimates & Forecast, by Category, 2020β2027
9.5.6.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
9.5.7 Africa
9.5.7.1 Market Estimates & Forecast, 2020β2027
9.5.7.2 Market Estimates & Forecast, by Material Type, 2020β2027
9.5.7.3 Market Estimates & Forecast, by Category, 2020β2027
9.5.7.4 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10. Company Landscape
10.1 Introduction
10.2 Market Strategies
10.3 Key Development Analysis
(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)
11. Company Profiles
11.1 Reckitt Benckiser Group plc (UK)
11.1.1 Company Overview
11.1.2 Financial Updates
11.1.3 Product/Business Segment Overview
11.1.4 Strategies
11.1.5 Key Developments
11.1.6 SWOT Analysis
11.2 The Procter & Gamble Company (US)
11.2.1 Company Overview
11.2.2 Financial Updates
11.2.3 Product/Business Segment Overview
11.2.4 Strategies
11.2.5 Key Developments
11.2.6 SWOT Analysis
11.3 L Brands, Inc. (US)
11.3.1 Company Overview
11.3.2 Financial Updates
11.3.3 Product/Business Segment Overview
11.3.4 Strategies
11.3.5 Key Developments
11.3.6 SWOT Analysis
11.4 Newell Brands (US)
11.4.1 Company Overview
11.4.2 Financial Updates
11.4.3 Product/Business Segment Overview
11.4.4 Strategies
11.4.5 Key Developments
11.4.6 SWOT Analysis
11.5 Conscious Candle Company (Australia)
11.5.1 Company Overview
11.5.2 Financial Updates
11.5.3 Product/Business Segment Overview
11.5.4 Strategies
11.5.5 Key Developments
11.5.6 SWOT Analysis
11.6 Bolsius International BV (Netherlands)
11.6.1 Company Overview
11.6.2 Financial Updates
11.6.3 Product/Business Segment Overview
11.6.4 Strategies
11.6.5 Key Developments
11.6.6 SWOT Analysis
11.7 Welburn Candles Pvt Ltd (India)
11.7.1 Company Overview
11.7.2 Financial Updates
11.7.3 Product/Business Segment Overview
11.7.4 Strategies
11.7.5 Key Developments
11.7.6 SWOT Analysis
11.8 Colonial Candle (US)
11.8.1 Company Overview
11.8.2 Financial Updates
11.8.3 Product/Business Segment Overview
11.8.4 Strategies
11.8.5 Key Developments
11.8.6 SWOT Analysis
11.9 Brandt Kaarsen (US)
11.9.1 Company Overview
11.9.2 Financial Updates
11.9.3 Product/Business Segment Overview
11.9.4 Strategies
11.9.5 Key Developments
11.9.6 SWOT Analysis
11.10 The Yankee Candle Company (US)
11.10.1 Company Overview
11.10.2 Financial Updates
11.10.3 Product/Business Segment Overview
11.10.4 Strategies
11.10.5 Key Developments
11.10.6 SWOT Analysis
11.11 S.C. Johnson & Son, Inc. (US)
11.11.1 Company Overview
11.11.2 Financial Updates
11.11.3 Product/Business Segment Overview
11.11.4 Strategies
11.11.5 Key Developments
11.11.6 SWOT Analysis
11.12 BeCandle (Hong Kong)
11.12.1 Company Overview
11.12.2 Financial Updates
11.12.3 Product/Business Segment Overview
11.12.4 Strategies
11.12.5 Key Developments
11.12.6 SWOT Analysis
11.13 Empire Candle Co., LLC (US)
11.13.1 Company Overview
11.13.2 Financial Updates
11.13.3 Product/Business Segment Overview
11.13.4 Strategies
11.13.5 Key Developments
11.13.6 SWOT Analysis
11.14 Zhong Nam Industrial (International) Co., Ltd. (Hong Kong)
11.14.1 Company Overview
11.14.2 Financial Updates
11.14.3 Product/Business Segment Overview
11.14.4 Strategies
11.14.5 Key Developments
11.14.6 SWOT Analysis
11.15 Candle-lite (US)
11.15.1 Company Overview
11.15.2 Financial Updates
11.15.3 Product/Business Segment Overview
11.15.4 Strategies
11.15.5 Key Developments
11.15.6 SWOT Analysis
12. Conclusion
LIST OF TABLES
TABLE 1 Global Scented Candles Market, by Region, 2020β2027 (USD Million)
TABLE 2 Global Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 3 Global Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 4 Global Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 5 North America: Scented Candles Market, by Country, 2020β2027 (USD Million)
TABLE 6 North America: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 7 North America: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 8 North America: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 9 US: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 10 US: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 11 US: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 12 Canada: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 13 Canada: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 14 Canada: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 15 Mexico: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 16 Mexico: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 17 Mexico: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 18 Europe: Scented Candles Market, by Country, 2020β2027 (USD Million)
TABLE 19 Europe: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 20 Europe: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 21 Europe: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 22 Germany: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 23 Germany: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 24 Germany: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 25 France: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 26 France: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 27 France: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 28 Italy: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 29 Italy: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 30 Italy: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 31 Spain: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 32 Spain: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 33 Spain: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 34 UK: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 35 UK: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 36 UK: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 37 Rest of Europe: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 38 Rest of Europe: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 39 Rest of Europe: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 40 Asia-Pacific: Scented Candles Market, by Country, 2020β2027 (USD Million)
TABLE 41 Asia-Pacific: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 42 Asia-Pacific: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 43 Asia-Pacific: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 44 China: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 45 China: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 46 China: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 47 India: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 48 India: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 49 India: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 50 Japan: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 51 Japan: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 52 Japan: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 53 Rest of Asia-Pacific: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 54 Rest of Asia-Pacific: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 55 Rest of Asia-Pacific: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 56 Rest of the World (RoW): Scented Candles Market, by Country, 2020β2027 (USD Million)
TABLE 57 Rest of the World (RoW): Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 58 Rest of the World (RoW): Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 59 Rest of the World (RoW): Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 60 South America: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 61 South America: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 62 South America: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 63 Middle East: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 64 Middle East: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 65 Middle East: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
TABLE 66 Africa: Scented Candles Market, by Material Type, 2020β2027 (USD Million)
TABLE 67 Africa: Scented Candles Market, by Category, 2020β2027 (USD Million)
TABLE 68 Africa: Scented Candles Market, by Distribution Channel, 2020β2027 (USD Million)
LIST OF FIGURES
FIGURE 1 Global Scented Candles Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of the Global Scented Candles Market
FIGURE 4 Value Chain of the Global Scented Candles Market
FIGURE 5 Share of the Global Scented Candles Market in 2019, by Country (%)
FIGURE 6 Global Scented Candles Market, 2020β2027
FIGURE 7 Global Scented Candles Market Size, by Material Type, 2019
FIGURE 8 Share of the Global Scented Candles Market, by Material Type, 2020β2027
FIGURE 9 Global Scented Candles Market Size, by Category, 2019
FIGURE 10 Share of the Global Scented Candles Market, by Category, 2020β2027
FIGURE 11 Global Scented Candles Market Size, by Distribution Channel, 2019
FIGURE 12 Share of the Global Scented Candles Market, by Distribution Channel, 2020β2027
$4.22 Billion
5.80%
North America
2020-2027
Scented Candles Market Overview
Scented Candles Market is expected to grow at a 5.80% CAGR and to reach USD 4.22 Billion during the forecast 2020-2027. Scented Candles are available in plenty of shapes, designs and sizes. A wide range of candles is available in attractive packages. There are fragrance infused candles, scented oils candles and other types of unique. In recent years the popularity of the scented candles is massive. They are used for home décor. Also, the scented candles are useful in aromatherapy sessions. The popularity of these candles is more as it comes in different shapes, aromas and colours. These handcrafted candles are natural and release an exceptional aroma.
The artisanal materials avoid the usage of scents and wax materials. These safe candles are natural and do not release any kind of toxic materials. Most of the users prefer the best scented candles on the market that is organic. The customizations available in these candles are massive. Also, the plant-based candles provide soy, palm, herbal oils. All these factors offer demand for the market.
Covid-19 Analysis
During the covid 19, plenty of Scented Candles market have been facing severe losses. Especially, the candles market is facing few difficulties in the pandemic. The demand for these scented candles has reduced during this period. The scented candles are available through online and physical shops. However, due to the lockdown, the shops and sites selling these candles have been closed. The candle delivery and purchase rate have reduced during this period. As per the candle market research, it can have a declining effect on the overall market.
Market Dynamics
Crucial market drivers
The demand for organic and scented world market scented candles is high in the past few years. Natural candles are more preferred as they do not have carbon blackening effects. Also, in recent times it is known that the burning of natural candles has a good effect on the environment. All this awareness is causing is surging demand for the scented candles market. The natural market square scented witnessing massive popularity. Moreover, the dining of people in restaurants has increased. Many individuals prefer candlelight dinners. The restaurant offering this sit experience purchase more scented candles. The demand from restaurants is another crucial driver for this market.
Further, the prevalence of festivals and events are another reason for the growth of the scented candles market. The scented candles can relax the mood and comfort. Due to these crucial drivers, the market will experience immense growth in the forecast period. Religious ceremonies and get together are important occasions that require the use of scented candles. These crucial drivers are beneficial for the market expansion in the forecast period.
Scented Candles Market growth opportunities
The spice market scented is experiencing plenty of development in the upcoming years. The scented candles are the most impressive products in the market. In the upcoming years, the launch of waterproof scented candles will offer plenty of growth opportunities. These candles can float at the same time release exceptional aromas.
The launch of these products will cause immense demand and market expansion opportunities. The new product variation will be demanded by the restaurants and other end users. Also, innovation in the candles market will spike the growth rate. There are several possibilities innovations in this industry. The innovation in the fragrance, size, texture and smell of the candles will offer excellent growth prospects.
The market restraints
The scented candles are considered luxury products. They are pricey than the regular candles. The price is the crucial restraint in the market. Only individuals who prefer luxury candles will demand the scented candles. The price can affect the overall price and the demand of the market in the forecast period. The cost factor compresses the popularity of the scented candles than the regular candles. Also, due to lack of product awareness the consumers choose cheap quality scented candles. These poor quality scented candles are not environmentally friendly and they use synthetic fragrance.
The market challenges
The synthetic fragrance candle market is a significant challenge in the forecast period. The synthetic fragrances are not the same as the natural scented candles. These candles release harmful toxins into the environment. Some candles also release black carbon emissions. Most buyers are not aware of the difference between natural and synthetic candles. The lack of awareness between these products is another challenge in this market. Due to these factors, the demand for the scented candles market will subsequently reduce in the forecast period. These two challenges are the major factors that can restrict market growth.
Cumulative growth analysis
The scented candles are booming in recent years. The cumulative growth analysis shows that the market will witness stable growth in the forecast period. The crucial drivers of the market will continue to fuel the demand. The increasing awareness about the carbon-reducing scented cancelled is a crucial driver. It is one of the factors that are responsible for the exceptional growth rate.
Also, the prevalence of the celebrations, events and religious events will further enhance the market growth. There are plenty of growth opportunities that offer development prospects. The launch of innovative scented candles attracts more demand for the market. All these factors maintain a positive growth trend in the scented candles market.
Value chain analysis
North America is the largest share holder of the scented candles market. The growth rate in North America alone will reach more than 3%. More than the regular candles the demand for scented candles is high in North America. Not only for special occasions but for ordinary candle necessities this region uses the scented candles. The number of users using the scented candles is massive in this region. Also, the scented candles are mostly used in residents and for massage therapies. All these factors propel the growth of the scented candles market in 2024.
Scented Candles Market Segment Overview
By scented candle product type
By market category
By region
By user type
Scented Candles Market Regional Analysis
The scented candle market is fragmented into Asia Pacific, North America and Europe. North America will dominate the rest of the markets in the forecast period. The adoption rate of the scented candles is high in North America. Also, there are plenty of brands and key players that offer exceptional products. The brand awareness of the scented candles is one of the crucial drivers in this market.
The next largest market in scented candles is Europe. Europe holds the highest yankee candle market share. The candles are used in tourism, restaurant and other tourist spots. Also, it is a region that uses the scented candles for aromatherapy. Aromatherapy is a booming market in Europe. The high demand for aromatherapy ultimately increases the demand for the scented candles market. Moreover, aroma massage is a popular practice in Europe. The demand from these sectors fuels the growth and profitability of the scented candles market. The Asia Pacific is another crucial region for the scented candles. The demand for the scented candles is high due to religious occasions and festivals. During celebrations, the scented candles provide an exceptional aroma to the occasion. The Asia Pacific scented candles market in India is growing rapidly. During the forecast period, the region will witness a high growth rate.
Competitive Landscape
The scented candle market has moderate competition. The key players of the market are making new market expansion and product development measures in the forecast period. The market expansions and acquisitions are some of the development measures in the forecast period. In 2023, the key players of the market are also making new partnerships deals with other industries.
The key players of the scented candles market are
Recent developments
Report Overview
Report Attribute/Metric | Details |
---|---|
Market Size | 2027: USD 4.22 Billion |
CAGR | 5.80% (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Category, Distribution Channel |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Candle-lite, Reckitt Benckiser Group plc, Zhong Nam Industrial, The Procter & Gamble Company, Empire Candle Co., LLC, L Brands, Inc., BeCandle, Newell Brands, C. Johnson & Son, Inc, Conscious Candle Company, The Yankee Candle Company, Bolsius International BV, Welburn Candles Pvt Ltd, Colonial Candle, Brandt Kaarsen |
Key Market Opportunities |
|
Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
scented candles market is projected to grow at approximately 5.80% CAGR during the assessment period (2020-2027).
Scented candles market is estimated to reach a valuation of approx. USD 4.22 Billion by the end of 2027.
Rising use of their use as a home care product and Increasing per capita disposable incomes, are major tailwinds pushing the growth of the global scented candles market.
North America holds the largest share in the global scented candles market, followed by Europe and the Asia Pacific, respectively.
Reckitt Benckiser Group plc (UK), L Brands, Inc. (US), Welburn Candles Pvt Ltd (India), The Procter & Gamble Company (US), Bolsius International BV (Netherlands), Conscious Candle Company (Australia), Brandt Kaarsen (US), Newell Brands (US), Candle-lite (US), Colonial Candle (US), Empire Candle Co., LLC (US), The Yankee Candle Company (US), BeCandle (Hong Kong), S.C. Johnson & Son, Inc. (US), and Zhong Nam Industrial (International) Co., Ltd. (Hong Kong), are some of the top players in the global scented candles market.