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Global Scented Candle Market – Industry Trends and Forecast to 2030

FMCG

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Global Scented Candle Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Scented Candle Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 3.17 Billion
Diagram Market Size (Forecast Year) USD 5.28 Billion
Diagram CAGR %

Global Scented Candle Market Global Scented Candle Market, By Product Type (Jar, Pillar, Tea Light, Tumbler, Vase, Others), Raw Material (Wax, Liquid Dyes, Soy, Glass, Others), Fragrance (Fruit, Flower, Spice, Blends, Others), Category (Mass, Premium), Distribution Channel (Online, Offline) – Industry Trends and Forecast to 2030.

Scented Candle Market

Scented Candle Market Analysis and Size  

There has been an increase in home renovation and home decoration activities as disposable income has increased. Since the pandemic has resulted in extended periods spent at home, an increasing number of people want to make their home a comfortable place to live. Some of the popular 2020 trends adopted by consumers include sculpture scented candles and organically shaped candles. The rising consumption of eco-friendly candles is expected to grow the market which will raise revenues during the forecast period.

Data Bridge Market Research analyses that the scented candle market was valued at USD 3.17 billion in 2022 and is expected to reach the value of USD 5.28 billion by 2030, at a CAGR of 6.60% during the forecast period of 2023 to 2030. Jar segment is expected to dominate global scented candle market part owing to increasing demand candles for home decoration. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Scented Candle Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Jar, Pillar, Tea Light, Tumbler, Vase, Others), Raw Material (Wax, Liquid Dyes, Soy, Glass, Others), Fragrance (Fruit, Flower, Spice, Blends, Others), Category (Mass, Premium), Distribution Channel (Online, Offline)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Candle-lite (U.S.), Reckitt Benckiser Group plc (U.K.), Zhong Nam Industrial (China), The Procter & Gamble Company (U.S.), Empire Candle Co., LLC (U.S.), L Brands, Inc. (U.S.), BeCandle (India), Newell Brands (U.S.), C. Johnson & Son, Inc (U.S.), Conscious Candle Company (U.S.), The Yankee Candle Company (U.S.), Bolsius International BV (France), Welburn Candles Pvt Ltd (U.K.), Colonial Candle (U.K.), Brandt Kaarsen (Spain)

Market Opportunities

  • Increased awareness of the product's use in various types of candle massages and aromatherapies
  • Rising consumption of eco-friendly candles
  • Rising use of candles for home decoration

Market Definition

A wide variety of candles are available in appealing packaging. There are fragrance infused candles, scented oil candles, and other types of one-of-a-kind candles. Scents and wax materials are not used in the artisanal materials. These non-toxic candles are made from natural ingredients and do not emit any toxins. The majority of users prefer the best organic scented candles on the market. These candles have a plethora of customization options.

Global Scented Candle Market Dynamics

Drivers

  • Various Application of Scented Candles

The scented candle market is being driven primarily by increased awareness of the product's use in various types of candle massages and aromatherapies.

  • Rise in Consumption of Eco-Friendly Candles

Rising consumption of eco-friendly candles, rising use of candles for home decoration, rising consumer awareness of these products, rising disposable income of people, and an increase in the number of spa and massage parlours are some of the factors driving the growth of the scented candle market

Opportunity

  • Increasing Investment in Household Interiors

Increasing investment in household interiors and a rapidly growing home decor market, on the other hand, will create a slew of new opportunities for the scented candle market during the forecast period.

Restraint/Challenge

  • Alternate Products Availability

However, the presence of a product substitute will impede the growth of the scented candle market during the forecast period.

Recent Development

  • In October 2022, AnyMind Group, a firm that enables end-to-end commerce, announced that Japanese direct-to-consumer fragrance brand Shefar introduced a range of scented candles that comprises two candles

Global Scented Candle Market Scope

The scented candle market is segmented on the basis of product type, raw material, fragrance, category and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Jar
  • Pillar
  • Tea Light
  • Tumbler
  • Vase
  • Others

Raw Material

  • Wax
  • Liquid Dyes
  • Soy
  • Glass
  • Others

Fragrance

  • Wax
  • Liquid Dyes
  • Soy
  • Glass
  • Others

Category

  • Mass
  • Premium

Distribution Channel

  • Online
  • Offline

Global Scented Candle Market Regional Analysis/Insights

The scented candle market is analyzed and market size insights and trends are provided by product type, raw material, fragrance, category and distribution channel as referenced above.

The countries covered in the scented candle market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the scented candle market due to the growing number of spas and massage parlours in the U.S. and Canada.

The Asia-Pacific region is expected to have the highest growth rate from 2023 to 2030, owing to the changing trend of gifting scented candles on celebratory occasions and festivities in countries such as India, China, Japan, Thailand, Australia, and New Zealand.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Scented Candle Market Share Analysis

The scented candle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global scented candle market.

Some of the major players operating in the global scented candle market are:

  • Candle-lite (U.S.)
  • Reckitt Benckiser Group plc (U.K.)
  • Zhong Nam Industrial (China)
  • The Procter & Gamble Company (U.S.)
  • Empire Candle Co., LLC (U.S.)
  • L Brands, Inc. (U.S.)
  • BeCandle (India)
  • Newell Brands (U.S.)
  • C. Johnson & Son, Inc (U.S.)
  • Conscious Candle Company (U.S.)
  • The Yankee Candle Company (U.S.)
  • Bolsius International BV (France)
  • Welburn Candles Pvt Ltd (U.K.)
  • Colonial Candle (U.K.)
  • Brandt Kaarsen (Spain)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Scented Candle Market will be worth USD 5.28 billion by 2030 during the forecast period.
The Scented Candle Market growth rate is 6.60% during the forecast period.
The Various Application of Scented Candles & Rise in Consumption of Eco-Friendly Candles are the growth drivers of the Scented Candle Market.
The product type, raw material, fragrance, category and distribution channel are the factors on which the Scented Candle Market research is based.
The major companies in the Scented Candle Market are Candle-lite (U.S.), Reckitt Benckiser Group plc (U.K.), Zhong Nam Industrial (China), The Procter & Gamble Company (U.S.), Empire Candle Co., LLC (U.S.), L Brands, Inc. (U.S.), BeCandle (India), Newell Brands (U.S.), C. Johnson & Son, Inc (U.S.), Conscious Candle Company (U.S.), The Yankee Candle Company (U.S.), Bolsius International BV (France), Welburn Candles Pvt Ltd (U.K.), Colonial Candle (U.K.), Brandt Kaarsen (Spain).
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