The Global Candle Market has grown at a significant growth rate in the past few decades. The report insights into the market shares, revenues, and trends. It discusses the data assessments and specifics of the market size and the industry. The report signifies the trending branding assessments of the top grooming companies in the world.
Global Candle Market size was valued at US$ 7.73 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.2% through 2022 to 2029, reaching nearly US$ 14.53 Bn.
Global Candle Market Overview:
The Global Candle market was valued at US $7.735 Bn. in 2021, and it is expected to reach US $14.53 Bn. by 2029 with a CAGR of 8.2% during the forecast period. A candle is a flammable wick made of wax that provides light. Recently, candles are a symbol of celebration, defines a ceremony and events, soothes the senses, etc. Manufacturers are focusing to produce innovating candles and proposing aromatic candles for the living room, and dim light candles for the bedroom, etc.
The most recent Maximize Market Research, Global Candle Market 2021-2029, is useful for studying the market’s rivals. The research provides a broad and basic assessment of the market, as well as a review of subjective factors that may provide readers with vital business insights. The report provides an overview of the industry, including the value chain structure, geographical analysis, applications, market size, and forecast (2021-2029). The study will be utilized to generate a more accurate assessment of the current and future conditions of the worldwide Candle market.
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Market Scope:
The research provides an analytical picture of the business throughout the anticipated time frame by assessing several elements such as worldwide Candle market growth, consumption volume, market trends, and corporate pricing structures. The paper contains extensive research on the market’s complexities. The research provides an overview of the worldwide Candle market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The report considers growth drivers, current trends, innovations, prospects, and the competitive environment in its research. This market has been studied in several ways, including productivity and manufacturing base.
Segmentation:
Based on the Type, the market is segmented into Tea Lights, Votive, Pillars, Birthday Candle, Cartridge Candle, Wax Filled Container Candles, and Others. Votive candle segment is expected to hold the largest market shares of % by 2029. This is due to its slow-burning capacity. These are around 5 cm tall and 4 cm wide, and come in a range of colours including red, pink, yellow, purple, black, and many others. To make them more beautiful when lighting, they are kept on a glass holder. These are the key benefit that drives the growth of the votive candle segment in the global market during the forecast period 2022-2029.
Pillars Candle segment is expected to grow rapidly at a CAGR of % during the forecast period. This is due to their growing popularity in parties and get-togethers. The higher burning capacity confirms a low cost of replacement. They can also be used for interior decorating. Unlike votive candles, they don’t require holders and emit no smoke. An inch of it can be burned by pillar formations. These are the major key factor that drives the growth of the pillars candle segment in the global market during the forecast period.
Key Players:
It then goes into great detail about the major rivals as well as emerging players in the worldwide Candle market, including market share based on revenue, demand, high-quality product makers, sales, and service providers. The study also assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. This report includes the following players:
• Vollmar GMBH
• Baltic Candles Ltd
• Bolsius International BV
• Delsbo Candle AB
• Diana Lys A/S
• Duni AB
• Erich Kopschitz GmbH
• Hansa Candle AS
• Bekro Chemie GMBH
• KORONA Candles S.A.
• Suomen Kerta Oy
• Yankee Candle Europe Ltd
• Affari AB
• BISPOL Sp. z o.o.
• Candle Scandinavia Group AB
• Ceras Roura
• Duffy & Scott Candlemakers Ltd
• Engels Kerzen GmbH
• Ester & Erik A/S
• Gebr. Müller Kerzenfabrik AG
• Korpiahon Hunaja Oy
• Kynttilä-Tuote Oy
• Liljeholmens Stearinfabriks AB
• Monterosa Zelandi Srl
• The Copenhagen Candle Company Limited
• VILA HERMANOS CERERÍA SA
• Seal Aromas Gmbh
• Contract Candles Ltd
• Spaas Candles Poland Sp Z O O
• Bartek Candles
Regional Analysis:
The report has analyzed the global Candle market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and the Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The analysis provides in-depth insights into several development opportunities and challenges in the aforementioned regions, based on commodities, applications, end-users, and nations, among other factors. The report also covers important characteristics of the worldwide Candle market, such as sales growth, product pricing and analysis, growth potential, and suggestions for overcoming market issues in the areas covered.
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COVID-19 Impact Analysis on Candle Market:
COVID-19 is a global public health crisis that has affected almost every company, and the long-term repercussions are expected to have an influence on industry growth throughout the projection period. Our current study broadens our research approaches in order to address key COVID-19 issues as well as potential future steps. The research provides light on COVID-19 by taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, current market force dynamics, and major government activities. Based on the market effect of COVID-19, the revised study provides insights, analysis, projections, and predictions.
Key Questions Answered in the Candle Market Report are:
- Who are the leading players in the Candle market?
- In terms of the region, what is the potential market for Candle?
- In the next five years, which application area of Candle is likely to develop at a substantial rate in the market?
- What opportunities exist for new market entrants?
- How big will the Candle market be in 2029?
- What are the Candle market’s growth prospects?
- What is the base year taken into account in the Candle market report?
- In the Candle market, which region has the biggest market share?
- What are the variables that are expected to boost the Candle market?
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