Straits Research is excited to announce the release of its in-depth report on the global scented candles market. Valued at USD 401.71 million in 2023, the scented candles market is projected to reach USD 586.43 million by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2032.
The scented candles market has witnessed significant growth in recent years, driven by consumer preferences for aromatherapy, home décor, and the growing popularity of sustainable and eco-friendly products. The increasing demand for aromatic products for relaxation and stress relief continues to propel the market forward. Furthermore, the rising trend of using candles for home decoration and gifting is expected to drive future market growth.
Market Definition
Scented candles are candles that are infused with aromatic oils, which release fragrance when burned. They are used primarily for personal enjoyment, relaxation, aromatherapy, and creating a pleasant atmosphere in homes, spas, and hotels. Scented candles are available in a variety of shapes, sizes, colors, and fragrances, catering to the diverse needs of consumers. These candles are made from various wax materials such as paraffin, soy, beeswax, and palm wax.
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Segmentation
By Product Type
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- Jar Candles
- Votive Candles
- Tea Light Candles
- Pillar Candles
- Others
-
By Wax Type
- Paraffin Wax
- Soy Wax
- Beeswax
- Palm Wax
- Others
-
By Fragrance Type
- Floral
- Woody
- Fruity
- Citrus
- Vanilla
- Others
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By End-Use Application
- Household
- Spa & Wellness
- Commercial
- Others
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By Region
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Access Detailed Segmentation @ https://straitsresearch.com/report/scented-candles-market/segmentation
Key Players in the Scented Candles Market
The scented candles market features several key players who play a significant role in the development and expansion of the industry. Some of the leading companies in the scented candles market include:
- Yankee Candle Company
- Bath & Body Works
- Jo Malone London
- WoodWick Candles
- Diptyque
- P.F. Candle Co.
- Kringle Candle Company
- The White Company
- Village Candle
- Eilogy Inc.
Dominated Region: Asia-Pacific
The Asia-Pacific region holds the largest share of the global scented candles market. This region is experiencing rapid urbanization and growing disposable incomes, which are driving the demand for premium scented candles in both residential and commercial spaces. Additionally, consumers in this region are increasingly adopting candles for their therapeutic benefits, further boosting market growth.
Fastest Growing Region: Europe
Europe is expected to be the fastest-growing region in the scented candles market over the forecast period. The growth is driven by the increasing preference for scented candles in home décor and wellness activities. Europe has a strong demand for premium and luxury candles, and consumers are highly inclined toward organic and sustainable scented candles. The shift towards natural ingredients and eco-friendly packaging is expected to fuel the market’s expansion in Europe.
Frequently Asked Questions (FAQ)
-
What is the market size of the global scented candles market in 2023?
The global scented candles market was valued at USD 401.71 million in 2023. -
What is the projected growth rate of the scented candles market from 2024 to 2032?
The scented candles market is expected to grow at a CAGR of 4.3% from 2024 to 2032. -
Which region holds the largest share of the scented candles market?
The Asia-Pacific region dominates the global scented candles market due to the rising demand for scented candles in residential and commercial applications. -
Which region is expected to grow the fastest in the scented candles market?
Europe is expected to be the fastest-growing region during the forecast period, driven by increasing consumer preference for premium and eco-friendly scented candles. -
What are the key players in the scented candles market?
Some of the key players in the scented candles market include Yankee Candle Company, Bath & Body Works, Jo Malone London, WoodWick Candles, Diptyque, and more.
Business Metrics
- Market Size: USD 401.71 million in 2023
- Projected Market Size: USD 586.43 million by 2032
- CAGR: 4.3% from 2024 to 2032
- Dominated Region: Asia-Pacific
- Fastest Growing Region: Europe
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