The global Candle Market size is projected to reach USD 6.06 billion by 2025, according to a new report published by Million Insights, with a CAGR of 8.4% over the forecast duration. The increasing inclusion of candles as home décor items is predicted to drive the market. Moreover, a significant increase in demand for candles for commercial and residential purposes along with its inclusion for religious needs is expected to provide a boost to the market. Hotels, beauty parlors, spa, and restaurants uses this candles for a soothing effect.
Scented candles are highly popular among the millennials in countries like Germany, France, and the U.S thus resulting in high revenue share. These are beneficial for health including nervous system stimulation, improved digestion, better concentration, and migraine relief. For example, basil creates a positive mental state while eucalyptus helps in the treatment of diseases like asthma, bronchitis, sinusitis, pneumonia, rheumatism, arthritis, and cough.
To download the sample pdf of Candle Market Report “Please” click here https://www.millioninsights.com/industry-reports/candle-market/request-sample
Yankee Candle Company introduced a Sunday Brunch Candle collection, in April 2019. These are present in jars with a brand name of Rainbow Shake and Easter Basket. The products pertain to seven unique fragrances such as Vanilla, Grilled Peaches, Honey Lavender Gelato, Belgian Waffles, Strawberry Bellini, Sweet Morning Rose, and Blush Bouquet. Louis Vuitton, the French luxury retailer, and fashion house, in 2018, introduced a range of scented candles which included L’Air du Jardin, Feuilles d’Or, Dehors Il Neige, and Île Blanche.
To browse report summary & detailed TOC, “please” click the link below: https://www.millioninsights.com/industry-reports/candle-market
Further key findings from the report suggest:
• Votives form held around 25% revenue share in the global candles market as of 2018
• Pillar candle is projected to grow at a CAGR of 9.0% for the year 2019 to 2025.
• The online channel is predicted to grow at a CAGR of 8.7% over the years.
• Paraffin products held a 30% market share on account of revenue as of 2018.
• The key players include Better Homes and Garden, Bath & Body Works, Bridgewater Candles, Circle E Candles, Colonial Candle, Diptyque, Malin + Goetz, Slatkin & Co., White Barn Candles, Village Candles, Yankee Candles, Thymes, and Jo Malone.
Million Insights has segmented the global candle market on the basis of product, wax, distribution channel, and region:
Candle Product Outlook (Revenue, USD Million, 2015 – 2025)
• Votive
• Container Candle
• Pillars
• Tapers
• Others
Candle Wax Outlook (Revenue, USD Million, 2015 – 2025)
• Paraffin
• Soy Wax
• Beeswax
• Palm Wax
• Others
Candle Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• Offline
• Online
Candle Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
Read the Latest Market Research Reports by Million Insights:
• Customer Relationship Management Market: The global customer relationship management (CRM) market size was valued at USD 40.2 billion, in 2019, and projected to grow with a CAGR of 14.2% over the forecast period, from 2020 to 2027.
• Marketing Automation Market: The global marketing automation market size was USD 4.06 billion in 2019. It is projected to expand at 9.8% CAGR over the forecast duration, 2020 to 2027.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/candle-market