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Candle Market By Product (Tea Lights, Votive, Pillars, Birthday Candles, Cartridge Candles, Wax-Filled Container Candles, and Others) and By Raw Material (Beeswax, Stearin, Paraffin Wax, Rapeseed Wax, Palm Wax, Soy Wax, and Others): Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018–2026

Published Date: 17-Sep-2019 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-4746 Status : Published

Global candle market expected to reach around USD 13.72 billion by 2026, at a CAGR of 6.3% between 2019 and 2026. The global candle market is expected to witness significant growth over the forecast time period, owing to increasing applications of candles.

Description

The report covers a forecast and an analysis of the candle market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion). The study includes drivers and restraints of the candle market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the candle market on a global level.

In order to give the users a comprehensive view of the candle market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Candle Market

The report provides company market share analysis to give a broader overview of the market key players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the candle market by segmenting it based on the product, raw material, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key players in the candle market are Vollmar, Baltic Candles, Bolsius International, Delsbo Candle, Duni, Hansa Candle, KORONA Candles, CerasRoura, Contract Candles, and Candle Scandinavia.

This report segments the global candle market into:

Global Candle Market: Product Analysis

  • Tea Lights
  • Votive
  • Pillars
  • Birthday Candles
  • Cartridge Candles
  • Wax-Filled Container Candles
  • Others

Global Candle Market: Raw Material Analysis

  • Beeswax
  • Stearin
  • Paraffin Wax
  • Rapeseed Wax
  • Palm Wax
  • Soy Wax
  • Others

Global Candle Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research scope
    • 1.3. Market Research Methodology
      • 1.3.1. Level 1: Primary Research
      • 1.3.2. Level 2: Secondary Research
      • 1.3.3. Level 3: Data Validation and Expert Panel Assessment
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Candle Market, 2016-2026 (USD Billion)
    • 2.2. Global Candle Market: Snapshot
  •  
  • Chapter 3. Candle Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Application of candles for decoration and celebration purposes
      • 3.2.2. Application of candles in aromatherapy
    • 3.3. Market Restraints
      • 3.3.1. Presence of unorganized market players
      • 3.3.2. The surge in the use of inverters and generators
    • 3.4. Opportunities
      • 3.4.1. Increasing demand for environment-friendly candles
      • 3.4.2. Increasing demand for mosquito repellant candles
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Attractiveness Investment Proposition
      • 3.6.1. Market Attractiveness Analysis by Product
      • 3.6.2. Market Attractiveness Analysis by Raw Material
      • 3.6.3. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Candle Market - Competitive Landscape
    • 4.1. Company market share analysis, 2016 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Products Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures, Key Growth Strategies
    • 4.3. Research and Development, Products and Regional Expansion
    • 4.4. List of Emerging Companies
  •  
  • Chapter 5. Global Candle Market - Marketing Strategy Analysis
    • 5.1. Marketing s
    • 5.2. Pricing Analysis
    • 5.3. Target Client
    • 5.4. Consumer Preference Trends
    • 5.5. PESTEL Analysis
    • 5.6. SWOT Analysis
  •  
  • Chapter 6. Global Candle Market: Product Analysis
    • 6.1. Global Candle Market: Product analysis
      • 6.1.1. Global Candle Market share by Product, 2018 and 2026
    • 6.2. Tea Lights
      • 6.2.1. Global Candle Market, by Tea Lights, 2016-2026 (USD Billion)
    • 6.3. Votive
      • 6.3.1. Global Candle Market, by Votive, 2016-2026 (USD Billion)
    • 6.4. Pillars
      • 6.4.1. Global Candle Market, by Pillars, 2016-2026 (USD Billion)
    • 6.5. Birthday Candles
      • 6.5.1. Global Candle Market, by Birthday Candles, 2016-2026 (USD Billion)
    • 6.6. Cartridge Candles
      • 6.6.1. Global Candle Market, by Cartridge Candles, 2016-2026 (USD Billion)
    • 6.7. Wax-Filled Container Candles
      • 6.7.1. Global Candle Market, by Wax Filled Container Candles, 2016-2026 (USD Billion)
    • 6.8. Others
      • 6.8.1. Global Candle Market, by Others, 2016-2026 (USD Billion)
  •  
  • Chapter 7. Global Candle Market: Raw Material Analysis
    • 7.1. Global Candle Market: Raw Material overview
      • 7.1.1. Global Candle Market share by Raw Material, 2018 and 2026
    • 7.2. Beeswax
      • 7.2.1. Global Candle Market, by Beeswax, 2016-2026 (USD Billion)
    • 7.3. Stearin
      • 7.3.1. Global Candle Market, by Stearin, 2016-2026 (USD Billion)
    • 7.4. Paraffin Wax
      • 7.4.1. Global Candle Market, by Paraffin Wax, 2016-2026 (USD Billion)
    • 7.5. Rapeseed Wax
      • 7.5.1. Global Candle Market, by Rapeseed Wax, 2016-2026 (USD Billion)
    • 7.6. Palm Wax
      • 7.6.1. Global Candle Market, by Palm Wax, 2016-2026 (USD Billion)
    • 7.7. Soy Wax
      • 7.7.1. Global Candle Market, by Soy Wax, 2016-2026 (USD Billion)
    • 7.8. Others
      • 7.8.1. Global Candle Market, by Others, 2016-2026 (USD Billion)
  •  
  • Chapter 8. Global Candle Market: Regional Analysis
    • 8.1. Global Candle Market: Regional overview
      • 8.1.1. Global Candle Market share by region, 2018 and 2026
    • 8.2. North America
      • 8.2.1. North America Candle Market Revenue, by Product, 2016-2026 (USD Billion)
      • 8.2.2. North America Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.2.3. The U.S.
        • 8.2.3.1. The U.S. Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.2.3.2. The U.S. Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.2.4. Rest of North America
        • 8.2.4.1. Rest of North America Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.2.4.2. Rest of North America Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Candle Market Revenue, by Product, 2016-2026 (USD Billion)
      • 8.3.2. Europe Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.3.3. Germany
        • 8.3.3.1. Germany Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.3.2. Germany Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.3.4. UK
        • 8.3.4.1. UK Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.4.2. UK Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.3.5. France
        • 8.3.5.1. France Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.5.2. France Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.3.6. Rest of Europe
        • 8.3.6.1. Rest of Europe Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.6.2. Rest of Europe Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Candle Market Revenue, by Product, 2016-2026 (USD Billion)
      • 8.4.2. Asia Pacific Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.4.3. China
        • 8.4.3.1. China Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.3.2. China Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.4.4. Japan
        • 8.4.4.1. Japan Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.4.2. Japan Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.4.5. India
        • 8.4.5.1. India Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.5.2. India Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.4.6. Rest of Asia Pacific
        • 8.4.6.1. Rest of Asia Pacific Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.6.2. Rest of Asia Pacific Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Candle Market Revenue, by Product, 2016-2026 (USD Billion)
      • 8.5.2. Latin America Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.5.3. Brazil
        • 8.5.3.1. Brazil Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.5.3.2. Brazil Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
      • 8.5.4. Rest of Latin America
        • 8.5.4.1. Rest of Latin America Candle Market Revenue, by Product, 2016-2026 (USD Billion)
        • 8.5.4.2. Rest of Latin America Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Candle Market Revenue, by Product, 2016-2026 (USD Billion)
      • 8.6.2. The Middle East and Africa Candle Market Revenue, by Raw Material, 2016-2026 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Vollmar
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Baltic Candles
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Bolsius International
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Delsbo Candle
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Duni
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Hansa Candle
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. KORONA Candles
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. CerasRoura
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Contract Candles
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Candle Scandinavia
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

A candle is generally a cylindrical piece of wax with a wick embedded in it. This wick is used to produce light when it burns. A candle burns as long as the surrounding wax does not melt completely. Apart from lightning purpose, candles are now also used in celebrations and for creating a positive and soothing environment.

The global candle market is expected to witness significant growth over the forecast time period, owing to increasing applications of candles. Candles are also used for decoration of houses and offices and in celebrating festivals like Diwali and Christmas, which is another major factor driving this market. Moreover, the increasing disposable incomes and changing lifestyles of consumers have enabled them to spend more money on candles with better shapes and exotic aroma, which is also boosting this global market. However, the presence of a large number of unorganized candle manufacturers may hamper the candle market globally. Alternatively, the rising popularity of environment-friendly and decorative candles are expected to generate new opportunities for the candle market in the future.

Global Candle Market

The global candle market is fragmented based on product and raw material. The product segment includes wax-filled container candles, votive, tea lights, pillars, cartridge candles, birthday candles, and others. Tea light candles are circular in shape and come inside of a metal or plastic cup and have more width than height. These candles are inexpensive, which will fuel this segment’s growth over the forecast time period. Moreover, votive candles are also expected to witness considerable growth, owing to their frequent use during Christian prayers.

By raw material, the candle market is divided into soy wax, stearin, rapeseed wax, beeswax, palm wax, paraffin wax, and others. The beeswax segment is expected to show moderate growth, owing to its shiny appearance which makes it suitable for use during festivals. Moreover, these candles are organic in nature and improve air quality. Additionally, paraffin and stearin segments dominate the market globally.

Europe is the dominating region in the global candle market and is expected to witness substantial growth over the forecast time period as well. This region is mostly dominated by the Christian population, which uses votive candles. The Asia Pacific candle market is expected to witness maximum growth in the future, owing to a large number of festivals celebrated across the region all the year-round, especially in India.

Some key players in the candle market are Vollmar, Baltic Candles, Bolsius International, Delsbo Candle, Duni, Hansa Candle, KORONA Candles, CerasRoura, Contract Candles, and Candle Scandinavia.

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