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Candles Market Size Rising at a CAGR of 4.26% from 2022 to 2027

Cassie Tyler
Candles Market Size Rising at a CAGR of 4.26% from 2022 to 2027

Candles Market Overview:

The MRFR report suggests that the global candles market is likely to register a healthy CAGR of over 4.26% during the review timeframe. It further states that the market is projected to acquire a size of USD 13,006.9 Million by 2023.

Candles are essentials for every house. Electricity-saving ideas and power blackouts ask for the use of candles. The global Candles Market Size has recorded massive growth in recent years. The market's growth is primarily being driven by the speedy growth in candle application amongst the bigger group of people worldwide. Furthermore, the commercial application of the candles across massage parlours and spas across the globe is also likely to catalyse the market's growth over the coming years. However, the growth of the candles market is likely to be restricted by the competition from unorganized sectors and volatility of raw materials prices.

Candles Market Segment Analysis:

The global candles market has been fragmented into numerous segments based on category, material, distribution channel, and region.

The candle market has been split into economical and luxury candles based on category.

By material, the global market for candles is split into animal wax, synthetic wax, vegetable wax, and paraffin wax.

The global candle market is divided into non-store-based and store-based based on distribution channels.

Competitive Analysis:

The global Biggest Candles market has a strong and competitive landscape. The players in the market are adopting several new policies and plan to grow their global market presence. The growing demand for scented candles worldwide will likely encourage market players to launch new and innovative products with a range of fragrances over the coming years. The list of leading players in the global candles market includes NEST, Inc., Armadilla Wax Works, The Yankee Candle Company, Inc., SC Johnson & Son, Inc., Empire Candle, Dianne's Custom Candles, Bath & Body Works Direct, Inc., Colonial Candle, BeCandle, Dandong Evelight Candle Industry Co. Ltd., Candle-lite, ZHONG Nam Industrial (International) Co. Ltd, and many others.

Regional Analysis:

The global Marketing Candles is studied across five major regions: North America, South America, Asia-Pacific, Europe, and the Middle East & Africa.

As per the MRFR report, the global market for candles is likely to be led by the North American region over the projected timeframe. The presence of high per capita income across the region is the primary cause behind the upsurge in the regional market's growth.

The European region will likely acquire a substantially larger market size by the end of the forecasted era.

The candles market for the Asia-Pacific region is anticipated to register the highest growth rate over the assessment timeframe. The regional market's growth is being driven by the growing adoption of western culture and the rise in the per capita income across the region.

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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Cassie Tyler
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