Candle Market Analysis by Size, Share, Growth Opportunities and Trends 2020 – 2025

Felton, California , USA, Jan 13, 2021 — /EPR Network/ — 

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.

Access Candle Market Report with TOC @ 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.

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

Request a Sample Copy of Candle Market Report @ https://www.millioninsights.com/industry-reports/candle-market/request-sample

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

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Email: sales@millioninsights.com

 

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