Candles Market 2017-2025 | Size, Share, Opportunities and Forecast | Credence Research

The global candle market in 2016 was estimated at US$ 7,567.50 million and is expected to grow by US$ 11,707.76 million by 2025 at a CAGR of 5.5 percent between 2017 and 2025.

SANJOSE, United States - May 17, 2019 /MarketersMedia/ —

The global market for candles was estimated at US$ 7,567.50 million in 2016 and is expected to grow by US$ 11,707.76 million by 2025 at a CAGR of 5.5% from 2017 to 2025.

Consumers are increasingly buying candles for their home decoration and reduction and relaxation for aromatherapy-like stress. The ease of purchase as well as the availability on multiple distribution channels of different types of candles prompts more and more people to buy these products. Sales through department, mass merchandise retailers and home decor stores have benefited from proliferation in the number of distribution channels. Because of their discounted prices, supermarkets and hypermarkets benefit and various offers attract more and more buyers in particular. E-commerce's popularity has significantly increased sales of candles. The ease of purchase as well as the availability of extensive online product information and reviews prompts more and more people to purchase these products.

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Market growth is hampered by volatility in the prices of raw materials. Paraffin is still the most widely used candle production base material. Meanwhile, nearly 33% of paraffin production in some countries was shut down in 2014 and 2015, forcing candle manufacturers to import large amounts of base material at higher prices. Increasing use of candles in different applications offers enormous opportunities for the manufacturers present in this market.

Due to the presence of numerous players the market is highly fragmented. The candle industry's entry barriers are low. The small candle makers are rising and taking their piece of the pie. Because of the uniqueness, quality, and ability to customize their orders, many customers opt to buy candles from the smaller hand crafted market.

The candle market has been classified by type into tea lights, votive, pillars, birthday candles, cartridge candles, container candles filled with wax, and others. In the near future, tea lights, votive and wax-filled container candles are expected to expand more rapidly. Special occasions, events, festivals etc. are expected to increase the use of candles to boost demand for candles. In addition, the increase in popularity of scented candles and decorative candles and new areas of application for candles are key factors expected to fuel the growth of the candle market during the forecast period.

Key Trends

Rising demand from emerging economies
The market is projected to benefit from growing demand for candles from various applications
Availibity of the product in various shapes, colors, types and retail formats

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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Candles Market
2.2 Global Candles Market, by Type
2.2.1 Global Candles Market Revenue, by Type, 2016 (US$ Mn)
2.3 Global Candles Market, by Distribution Channel
2.3.1 Global Candles Market Revenue, by Distribution Channel, 2016 (US$ Mn)
2.4 Global Candles Market, by Region
2.4.1 Global Candles Market Revenue, by Region, 2016 (US$ Mn)

Chapter 3 Global Candles Market Dynamics
3.1 Overview
3.2 Market Trends
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Increasing Consumption of Candles Per Head
3.3.1.2 Shift In Shopping Trends
3.3.2 Market Challenges
3.3.2.1 Growing Low-Priced Imports
3.3.2.2 Uncertain Base Material Supply
3.3.3 Market Opportunity
3.3.3.1 Change in Buyer’s Behavior from Functional to Emotional
3.4 Attractive Investment Proposition, by Type 2016

Chapter 4 Global Candles Market Analysis, by Type
4.1 Overview
4.1.1 Global Candles Market, by Type, 2015 – 2025 (US$ Mn)
4.2 Pillar Candles
4.3 Floating Candles
4.4 Votive Candles
4.5 Tapers
4.6 Filled Candles
4.7 Tealight Candles
4.8 Gel Candles
4.9 Specialty Candles
4.10 Liquid Candles
4.11 Others

Chapter 5 Global Candles Market Analysis, by Distribution Channels
5.1 Overview
5.1.1 Global Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
5.2 Specialty or Gift Shops
5.2.1 Global Candles Market, by Specialty or Gift Shops Distribution Channel, 2015 – 2025 (US$ Mn)
5.3 Department or Home Decor Stores
5.3.1 Global Candles Market, by Department or Home Decor Stores Distribution Channel, 2015 – 2025 (US$ Mn)
5.4 Mass Merchandise Retailers
5.4.1 Global Candles Market, by Mass Merchandise Retailers Distribution Channel, 2015 – 2025 (US$ Mn)
5.5 Direct Sales
5.5.1 Global Candles Market, by Direct Sales Distribution Channel, 2015 – 2025 (US$ Mn)
5.6 Internet
5.6.1 Global Candles Market, by Internet Distribution Channel, 2015 – 2025 (US$ Mn)
5.7 Others (Unorganised Retail)
5.7.1 Global Candles Market, by Other Distribution Channels, 2015 – 2025 (US$ Mn)

Chapter 6 Global Candles Market, By Region
6.1 Overview
6.2 North America
6.2.1 North America Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.2.2 North America Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.2.3 North America Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.3 Europe
6.3.1 Europe Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.3.2 Europe Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.3.3 Europe Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.4 Asia Pacific
6.4.1 Asia Pacific Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.4.2 Asia Pacific Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.4.3 Asia Pacific Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.5 Latin America
6.5.1 Latin America Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.5.2 Latin America Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.5.3 Latin America Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.6 Middle East & Africa (MEA)
6.6.1 MEA Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.6.2 MEA Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.6.3 MEA Candles Market, by Country, 2015 – 2025 (US$ Mn)

Chapter 7 Company Profiles
7.1 KORONA Candles S.A.
7.2 The Yankee Candle Company, Inc.
7.3 VILA HERMANOS CERERÍA SA
7.4 Suomen Kerta Oy.
7.5 Balthasar + Co. AG
7.6 Cereria Pernici Srl
7.7 Delsbo Candles AB
7.8 Gies Kerzen GmbH
7.9 GALA-Kerzen GmbH
7.10 Bolsius International BV
7.11 SC Johnson & Son, Inc.
.......................toc continued

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