Scented Candles Market, Size, Share, Industry Growth and Recent Trends by Forecast to 2027
Research Reports
Apr 18, 2022
Market Synopsis
Market Research Future Reports (MRFR) has predicted that the global scented candles market is projected to acquire market value of USD 4.22 billion and record a CAGR of 5.80% by the end of 2024. The growing application of the scented candles as a home care product is estimated to drive the global scented candles market 2020. The increased awareness regarding the application of products for several purposes, such as aromatherapies and candle massages are likely to increase the market size. The scented candles play a pivotal role in therapeutic processes by providing a relaxed and calm ambiance to offer a meditative environment. Today, individuals are more willing to spend on home furnishings, such as candles, which is estimated to influence the market positively. The desire to give a personal touch and add an additional décor is further estimated to fuel the market. In addition, the increased disposable income is estimated to fuel the market additionally. Also, the organic scented oils are composed of healthy essential oils, which helps in the betterment of mental and physical issues. The long-term usage of these candles helps in the betterment of digestion, immunity, and blood circulation.
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Competitive Analysis
The renowned organization of the worldwide scented market is Conscious Candle Company (Australia), Newell Brands (US), Bolsius International BV (Netherlands), Colonial Candle (US), Welburn Candles Pvt Ltd (India), Brandt Kaarsen (US), S.C. Johnson & Son, Inc. (the US), The Yankee Candle Company (US), BeCandle (Hong Kong), Zhong Nam Industrial (International) Co., Ltd. (Hong Kong), Empire Candle Co., LLC (US), Candle-lite (US), and a few more.
Segmental Analysis
The worldwide market for scented candles can be classified on the basis of product type, distribution channel, category, ad region.
On the basis of product type, the worldwide market for scented candles can be distinguished into synthetic wax, animal wax, vegetable wax, and paraffin wax.
On the basis of the distribution channel, the global market for scented candles can be distinguished into store-based and non-store based.
On the basis of category, the global market for scented candles can be divided into mass and premium.
On the basis of region, the worldwide market for scented candles can be distinguished into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
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Regional Overview
The worldwide market for scented candles is anticipated to expand significantly during the forecast period. On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). As per the study, the worldwide market is estimated to be reigned by North America in terms of holding the maximum market share, followed by Europe, and the Asia-Pacific, respectively. North America acquires the apex position owing to the growing application of scented candles in the region. The scented candles are used for various purposes, such as aromatherapy, home décor, stress reduction, and in attaining the meditative state of mind. In North America, the US is estimated to maintain its position throughout the assessment period from 2019 to 2024. On the contrary, Canada is estimated to witness the maximum market growth during the review period. Europe is estimated to witness significant market growth during the assessment period. The region is experiencing a rise in the import and consumption of scented candles. Further, they are increasingly being used as home décor. Poland is anticipated to make the most crucial participation in amplifying the regional market. On the other hand, the APAC region is anticipated to witness the highest growth during the assessment period from 2019 to 2024.
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