Market Overview
The candle industry is evolving due to changing consumer preferences, increasing awareness of wellness, and rising demand for home décor products.
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Market Size
Year Market Size (US$ Billion)
2024 10.56
2033 18.08
Market Segmentation
By Wax Type
Palm Wax
Soy Wax
Bees Wax
Paraffin
Others
By Category
Economical
Luxury
By Product
Votive
Container Candle
Pillars
Tapers
Others
By Distribution Channel
Online Retail
Specialty Stores
Supermarkets & Hypermarkets
Departmental Stores
Institutional Sales
Key Players
Portmeirion Group PLC
Newell Brands Inc.
Estée Lauder Companies Inc.
Lalique Group SA
Bath & Body Works, Inc.
MVP Group International, Inc.
Diptyque Paris
NEST New York
Thymes, LLC
Village Candle
Regional Analysis
The North American and European markets dominate the candle industry, while Asia-Pacific is emerging as a high-growth region.
Conclusion
The global candle market is set for steady growth due to increasing demand for wellness products, home décor trends, and sustainable candle options.