Dublin, Jan. 21, 2025 (GLOBE NEWSWIRE) — The “Candle Market Report by Wax Type, Category, Product, Distribution Channel, Countries and Company Analysis 2025-2033” report has been added to ResearchAndMarkets.com’s offering.
The Candle Market is expected to reach US$ 18.08 billion in 2033 from US$ 10.56 billion in 2024, with a CAGR of 6.16% from 2025 to 2033. The market is expanding moderately due to a number of factors, including shifting consumer preferences and lifestyles, growing awareness of wellness and self-care, the growing trend of personalization and customization, the expansion of online retail and e-commerce, rising demand during holidays and special occasions, shifting trends in interior design and home decor, and the growing corporate gifting and promotions culture.
Industry Trends
- Growing consciousness of well-being and self-care
- Shifting consumer tastes and lifestyles
- Increasing propensity for sustainable and eco-friendly practices
- Seasonal demand
- Raw material costs
Market Trends by Segment
- Paraffin wax holds a dominant position in the global candle market
- The economic category dominates the global candle industry, driven by cost-conscious consumer preferences
- Container candles have emerged as the dominant type of candle in the worldwide market
- The dominance of supermarkets and hypermarkets highlights their crucial role in shaping the direction of the global candle sector
Candle Market Overview by Regions
The market for candles is expanding worldwide, with North America and Europe having the most demand because of consumers’ strong inclination for wellness and home decor goods. Rising disposable incomes and shifting lifestyles are driving Asia Pacific’s notable growth. There is also emerging market potential in the Middle East and Latin America.
United States Candle Market
Due to the high demand for both ornamental and functional candles, the US candle market is among the biggest in the world. The popularity of scented candles for aromatherapy, rising interest in wellbeing, and trends in home decor are some of the factors driving market expansion. Seasonal demand also affects the market, as candles are well-liked presents for occasions like Thanksgiving and Christmas. As a result of customer preferences for sustainable products, soy, beeswax, and essential oil-based eco-friendly and natural candles have become more and more popular. Supermarkets, internet sites, and specialized shops are examples of retail channels that promote accessibility and extensive availability.
Furthermore, sales of specialty and themed candles with seasonal scents and patterns are especially strong during holiday seasons. Yankee Candle, for example, announced in July 2023 the debut of the Daydreaming of Autumn collection, which consists of scents that evoke the spirit of fall. Among the fragrances in the list are Spicy Sangria, Pumpkin Maple Creme Caramel, and Autumn Daydream.
Germany Candle Market
The market for candles in Germany is expanding steadily due to high demand for both conventional and environmentally friendly candles. Because of environmental concerns, consumers are favoring more natural and sustainable options, like candles made from palm oil, beeswax, and soy. Germany’s flourishing retail industry helps the market, as candles are frequently offered for sale in supermarkets, specialized shops, and online marketplaces. Sales are increased by seasonal demand, particularly during holidays like Christmas, and candle purchases are also influenced by trends in home decor. Germany is a major player in the European candle market thanks to its emphasis on fine craftsmanship and creative designs, which have also produced a wide variety of goods.
India Candle Market
India’s candle market is expanding quickly due to rising demand, particularly in cities, for scented and decorative candles. The market is developing as a result of shifting lifestyle preferences, rising disposable incomes, and growing interest in home decor. Sales are further increased by seasonal demand during holidays like Christmas and Diwali. Natural and sustainable candles manufactured from soy, beeswax, and other plant-based components are becoming more and more popular as consumers grow more environmentally concerned.
Saudi Arabia Candle Market
The growing demand for fragrant and ornamental candles in both home and commercial settings is fueling the growth of the candle market in Saudi Arabia. The main drivers of this expansion include increasing urbanization, rising disposable incomes, and a trend toward contemporary home furnishings. Because candles are frequently used as gifts and for home decor, seasonal events – especially religious holidays like Ramadan and Eid – significantly increase candle sales. Luxury and environmentally friendly candles are also becoming more and more popular. Saudi Arabia’s youthful populace and strong taste for distinctive, premium goods are making it a major force in the Middle Eastern candle industry.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 240 |
| Forecast Period | 2024-2033 |
| Estimated Market Value (USD) in 2024 | $10.56 Billion |
| Forecasted Market Value (USD) by 2033 | $18.08 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Key Drivers
4.2 Key Restraints
5. Global Candles Market
6. Market Share
6.1 By Wax Type
6.2 By Category
6.3 By Product
6.4 By Distribution Channel
6.5 By Countries
7. Wax Type – Global Candles Market
7.1 Palm Wax
7.2 Soy Wax
7.3 Bees Wax
7.4 Paraffin
7.5 Others
8. Category
8.1 Economical
8.2 Luxury
9. Product
9.1 Votive
9.2 Container Candle
9.3 Pillars
9.4 Tapers
9.5 Others
10. Distribution Channel
10.1 Online Retail
10.2 Specialty Stores
10.3 Supermarkets & Hypermarkets
10.4 Departmental Stores
10.5 Institutional Sales
11. Countries
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 France
11.2.2 Germany
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Belgium
11.2.7 Netherland
11.2.8 Turkey
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Indonesia
11.3.5 South Korea
11.3.6 Thailand
11.3.7 Malaysia
11.3.8 Australia
11.3.9 New Zealand
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
11.6 Rest of the World
12. Porter’s Five Forces Analysis
13. SWOT Analysis
14. Key Players Analysis
14.1 Portmeirion Group PLC
14.1.1 Overview
14.1.2 Recent Developments
14.1.3 Revenue Analysis
14.2 Newell Brands Inc.
14.3 Estee Lauder Companies Inc.
14.4 Lalique Group SA
14.5 Bath & Body Works, Inc.
14.6 MVP Group International, Inc.
14.7 Diptyque Paris
14.8 NEST New York
14.9 Thymes, LLC
14.10 Village Candle
For more information about this report visit https://www.researchandmarkets.com/r/d4x4j8
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