Candle Market Growth Driven by 8.2% CAGR and North America Demand | Maximize Market Research

Candle Market Industry Scenario, Strategies, Growth Factors

The global Candle Market Size valued to 9.79 billion in 2024 is expected to be around 18.39 billion by 2032 at CAGR of 8.2 % during the given time duration. Candles are now a popular form of gift and taste in home decor. New consumer perception in relaxation including home decoration and aromatherapy is the driving factor behind the global candle market.

Market Growth and opportunities-

Home Decor and Life style trends– Consumers today wants their home to look beautiful and cozy. Life style trends like hygge has made candles soft furniture to their homes. Moreover, people buy tea light candles, jar candles and many types for daily use.

Aromatherapy and Wellness– Consumers today are getting aware of Aromatherapy and benefits of it and thus demanding for scented candles made from essential oils. Candles made from lavender, eucalyptus are popular in soothing and relaxing mind.

Gift Giving Trends– Candles are a good piece to gift on occasions like Birthday, Parties, Holi Eid, Diwali, Christmas and many others. Scented candles are also popular as they are environment-friendly.

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North America Holding largest Market Share

North America witnesses high individual spending on home furniture and wellness trends. Moreover booming online websites in Easter Countries has networks to reach out in all the regions. Imarc Group

Asia-Pacific Emerging as Market Giant

Asia-Pacific emerging economies include a good millennial,Travel enthusiasts and home interior designing so they demand for home interior products includes candles as well. Imarc Group

Competitions

Key players in global candle market are focusing on research and development drives and weekly undertaking various strategies that include Product/Service development.

Porte plant Group PLC -Portmeirion is well known homeware products manufacturing company. It offers a wide variety of flavoured scented candles.

Newell Brands -Newell Brands: Known name in candle manufacturers highest featuring products.

Estée Lauder -Jo Malone London: Jo Malone offers luxury candles with best fragrance collections.

Bath &Body works: One of famous multifunctional retailers for personal care products selling luxury candles in attractive designed glass jars. Investopedia.

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