Global Candle Market | Share, Top Manufacturers, Trends And Forecast to 2029

Candle Market Market Overview:

This study’s purpose is to give an overview of the Candle Market market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Candle Market companies, as well as notable industry trends and prospects.

The report also focuses on the leading industry players in the Global Candle Market market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Candle Market Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Candle Market Market Size from a worldwide standpoint, evaluating historical data and forecasts.

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Global Candle Market Market 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.

Market Scope:

Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.

Drivers:

The growing use of candles for celebrations like birthdays, weddings, festivals, etc. is one of the main factors propelling the candle market. Some of the key factors propelling the growth of the candle market include an increase in the use of candles by therapists to create a tranquil environment in therapy rooms, lighting candles during prayers and meditation, etc. Global manufacturers and suppliers now have a wealth of opportunities thanks to the expansion of e-commerce. Manufacturers and suppliers of candles are concentrating on selling their products on various e-commerce websites in order to provide a wide range of customers across the globe.

Segmentation:

Tea Lights, Votives, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others are the market segments based on Type. By 2029, the votive candle segment is anticipated to command the largest market shares. This is a result of its capacity for slow burning. These come in a variety of colours, including red, pink, yellow, purple, black, and many others, and are about 5 cm tall and 4 cm wide. They are kept on a glass holder to enhance their beauty when lit. During the forecast period of 2022–2029, these are the main advantages that propel the growth of the votive candle segment in the global market.

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Key Players: the key players are

• 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

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Regional Analysis:

The report has assessed the global Candle Market market in the following regions:

  • America, North (the United States, Canada)
  • European Union (Germany, France, United Kingdom, Russia)
  • Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
  • Latin America (Brazil, Argentina, Colombia)
  • Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

Key Questions answered in the Candle Market Market Report are:

  • Which key trends are likely to emerge in the Candle Market market in the forecast period?
  • What will be the Candle Market market size by 2027?
  • Which company had the biggest share in the Candle Market market in 2020?

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