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Candle Market Size and Growth Prospects with CAGR of 8.4% by 2025

The increasing inclusion of candles as home du00e9cor 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.

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Candle Market Size and Growth Prospects with CAGR of 8.4% by 2025

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  1. Candle Market Size and Growth Prospects with CAGR of 8.4% by 2025 “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. " 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. 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. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/candle-market/request-sample

  2. 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. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/candle-market 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)

  3. • 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 See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-goods

  4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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