Global Candle Market Insights, growing at a CAGR of 2.0% from 2018 to 2025

Posted on 2018-11-05 by Mark Hub in Retail // 0 Comments

Albany, US, 2018-Nov-05 — /EPR Network/ —This research report titled “Global Candle Market” Insights, Forecast to 2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Candle Market during the period between 2018 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in order to enlighten the readers about the actual scenario prevailing in the Candle Market

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This report studies the global market size of Candle in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Candle in these regions.
This research report categorizes the global Candle market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.

A candle is wax with an ignitable wick embedded that provides light, and in some cases, a fragrance. It can also be used to provide heat, or as a method of keeping time.
Candle industry with distribution is different from other industries, consequently, this market faces some big challenges. Candle usage frequency needs to increase to reinvigorate sales, private label products present a growing threat to branded products. However, The high-end candle segment is the area that continues to see strong growth. As the low- and mid-cost candles continue to erode under the pressure of strong competition, the high-end segment continues to tap into the home decorating angle for increased sales. Utilizing less mainstream methods for distribution (such as mass merchandisers and retailers), these manufacturers have been able to position their products as luxury and true home decor items.

For the past few years, the candle industry grows smoothly. China is the main raw materials for the production of candle, meanwhile, combining with favorable tax policies and large number of available labor, at the same time, Chinese manufacturers are improving their technology, consequently, China is a major exporter of the candle in the future. Taking culture and religion into consideration, candle market has a certain potential in Europe, USA.

In 2015, the global production of candle reaches over 1932 K MT. It is expected to keep about 3.0%-3.7% in next 5 years. the consumption areas of candle are mainly USA and Europe. Europe is the largest consumer in the world, which occupied about 36.35% in 2015.

The price of Candle is lower year by year from 2011 to 2015. The price is at about 2451 USD/MT in 2015. The product profit margin is about 27.55% in 2015, and it also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing. Overall, Candle maintained a high gross margin.

Among all applications, traditional field is expected to be the largest contributor to the overall Candle market in the future. The craft field application is estimated to have the highest growth potential during 2016 to 2021 in Candle market.

In 2017, the global Candle market size was 4950 million US$ and is forecast to 5790 million US in 2025, growing at a CAGR of 2.0% from 2018. The objectives of this study are to define, segment, and project the size of the Candle market based on company, product type, application and key regions.

The various contributors involved in the value chain of Candle include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Candle include
Blyth
Jarden Corp
Colonial Candle
S. C. Johnson & Son
Chesapeake Bay Candle
Langley/Emprire Candle
Lancaster Colony
Armadilla Wax Works
Dianne’s Custom Candles
Bolsius
Gies
Vollmar
Kingking
Talent
Zhong Nam
Pintian Wax
Everlight
Allite
Candle-lite

Market Size Split by Type
Animal
Vegetable
Paraffin
Synthetic
Market Size Split by Application
Traditional Field
Craft Field

Market size split by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa

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Table of Contents

1 Study Coverage
1.1 Candle Product
1.2 Key Market Segments
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Candle Market Size Growth Rate by Type
1.4.2 Animal
1.4.3 Vegetable
1.4.4 Paraffin
1.4.5 Synthetic
1.5 Market by Application
1.5.1 Global Candle Market Size Growth Rate by Application
1.5.2 Traditional Field
1.5.3 Craft Field
1.6 Study Objectives
1.7 Years Considered

2 Executive Summary
2.1 Global Candle Market Size
2.1.1 Global Candle Revenue 2016-2025
2.1.2 Global Candle Sales 2016-2025
2.2 Candle Growth Rate by Regions
2.2.1 Global Candle Sales by Regions
2.2.2 Global Candle Revenue by Regions

3 Breakdown Data by Manufacturers
3.1 Candle Sales by Manufacturers
3.1.1 Candle Sales by Manufacturers
3.1.2 Candle Sales Market Share by Manufacturers
3.1.3 Global Candle Market Concentration Ratio (CR5 and HHI)
3.2 Candle Revenue by Manufacturers
3.2.1 Candle Revenue by Manufacturers (2016-2018)
3.2.2 Candle Revenue Share by Manufacturers (2016-2018)
3.3 Candle Price by Manufacturers
3.4 Candle Manufacturing Base Distribution, Product Types
3.4.1 Candle Manufacturers Manufacturing Base Distribution, Headquarters
3.4.2 Manufacturers Candle Product Category
3.4.3 Date of International Manufacturers Enter into Candle Market
3.5 Manufacturers Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type
4.1 Global Candle Sales by Type
4.2 Global Candle Revenue by Type
4.3 Candle Price by Type

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