Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Candle Market Size to be Worth USD 16.9 billion by 2031, With a CAGR of 6.5% | Exclusive Report by Transparency Market Research, Inc.

This image opens in the lightbox

News provided by

Transparency Market Research

05 Dec, 2023, 15:30 GMT

Share this article

Share toX

Share this article

Share toX

Candles serve as both functional and aesthetic elements, enhancing ambiance and decor and creating cozy atmospheres in diverse settings.

WILMINGTON, Del., Dec. 5, 2023 /PRNewswire/ -- The global candle market is estimated to flourish at a CAGR of 6.5% from 2022 to 2031. According to Transparency Market Research, candle sales are slated to total US$ 16.9 billion by the end of the aforementioned assessment period.

Rising concerns about air quality have propelled the demand for clean-burning candles made from natural materials like soy or beeswax. Consumers are increasingly seeking candles devoid of harmful chemicals like paraffin, aligning with health-conscious choices.

Download Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=50343 

Candles are recognized for their therapeutic benefits, contributing to stress relief, relaxation, and mood enhancement. Scent varieties tailored to evoke specific emotions or aid relaxation have gained traction. Smart candles with technology, such as app-controlled features, color-changing LEDs, and even aromatherapy functionalities, appeal to tech-savvy consumers seeking interactive and customizable experiences.

Candle Market Report Scope:

Report Coverage

Details 

Forecast Period 

2022-2031

Base Year 

2017-2020

Size in 2021

US$ 9.2 Bn

Forecast (Value) in 2031

US$ 16.9 Bn

Growth Rate (CAGR)

6.5 %

No. of Pages

156 Page

Segments covered

Type, Material, Application, Price, Distribution Channel

Key Findings of the Market Report

  • Wax-filled container candles lead the market due to versatility, varied designs, and longer burn times catering to diverse preferences.
  • Beeswax and soy wax lead the candle market, favored for their eco-friendly, non-toxic nature and sustainable production methods.
  • Residential applications are leading the candle market, driven by increased demand for ambiance and personal well-being at home.

Candle Market Growth Drivers & Trends

  • Holidays and festivities consistently boost candle sales, with thematic and seasonal varieties becoming popular choices for gifting and decoration.
  • Personalized candles, offering bespoke scents, shapes, and designs, cater to individual preferences and special occasions, fostering a niche market.
  • E-commerce platforms and social media have expanded market reach, enabling smaller candle makers to access a broader audience and niche markets.
  • Growing interest in the therapeutic benefits of aromatherapy has resulted in candles being infused with specific essential oils for targeted relaxation or focus.
  • Consumers appreciate handcrafted and artisanal candles, valuing the uniqueness, quality, and story behind each meticulously made product.

Global Candle Market: Regional Profile

  • North America dominates the candle market, driven by a culture that embraces candles for ambiance, decor, and aromatherapy. The United States leads in candle consumption with diverse preferences, from scented candles to specialty shapes and sizes. Environmental consciousness and premium quality expectations further shape the market, driving demand for cleaner, sustainable options.
  • European markets emphasize craftsmanship, quality, and eco-consciousness. Countries like the United Kingdom, Germany, and France display a preference for luxury candles, artisanal craftsmanship, and organic materials. Sustainable practices and natural ingredients align with consumer values, influencing purchasing decisions and leading to a growing premium and environmentally friendly candle offerings market.
  • This region experiences a surge in candle consumption driven by increasing urbanization, rising disposable incomes, and a growing appreciation for home decor. Countries like China, Japan, and India witness a burgeoning market for scented candles, decorative pieces, and cultural influences in design, catering to a diverse consumer base seeking ambiance and relaxation in their homes.

Customize this report according to your needs@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=50343 

Candle Market: Competitive Landscape

The candle market presents a dynamic and competitive landscape marked by a blend of established brands and emerging players. Industry giants like Yankee Candle, Bath & Body Works, and Diptyque maintain market dominance through extensive product offerings, robust distribution networks, and brand loyalty.  Smaller boutique brands and local artisans carve niches by emphasizing artisanal craftsmanship, unique designs, and personalized experiences.

E-commerce platforms further intensify competition, enabling smaller brands to reach global audiences. Innovation in product development, packaging, and marketing strategies remains pivotal, driving competition amidst the evolving consumer demands for sustainability, customization, and enhanced sensory experiences in the candle market. Some prominent manufacturers are as follows:

  • Baltic Candles Ltd
  • Bath & Body Works
  • Better Homes and Garden
  • Bridgewater Candles
  • Colonial Candles
  • KORONA Candles S.A.
  • NEST
  • Slatkin and Co.
  • Thymes
  • Village Candles
  • Yankee

Product Portfolio

  • Baltic Candles Ltd presents an exquisite product portfolio boasting handcrafted artisanal candles infused with premium fragrances. From elegant pillar candles to intricately designed votives, their collection caters to diverse tastes, offering unique scents and designs inspired by Baltic craftsmanship and nature's beauty.
  • Bath & Body Works offers an extensive product portfolio featuring an array of scented candles crafted with meticulous attention to detail. From soothing lavender to festive seasonal aromas, their collection encompasses diverse fragrances, catering to customers seeking quality, variety, and ambiance-enhancing candles.
  • Better Homes and Garden presents a diverse portfolio of candles tailored for every occasion and decor style. From classic jar candles to modern decorative pieces, their collection exudes versatility, offering an assortment of scents and designs curated to elevate homes with sophistication and style.

Candle Market: Key Segments

By Type

  • Tea Lights
  • Pillar Candle
  • Birthday Candle
  • Wax Filled Container Candles
  • Others (Votive, Cartridge Candle, etc.)

By Material

  • Beeswax
  • Stearin
  • Paraffin Wax
  • Rapeseed Wax
  • Others (Palm Wax, Soy Wax, etc.)

By Application

  • Residential
  • Commercial

By Price

  • Low
  • Medium
  • High

By Distribution Channel

  • Online
    • E-commerce Websites
    • Company-owned Websites
  • Offline
    • Supermarket/Hypermarket
    • Specialty Stores
    • Retail Stores

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

Enquire Before Buying@ https://www.transparencymarketresearch.com/checkout.php?rep_id=50343&ltype=S

Browse More Reports by TMR:

Winter Wear Market - The global winter wear market was worth US$ 199.6 Bn in 2021. Market forecast estimates growth at a CAGR of 5.5% during the forecast period, from 2022 to 2031 and touch value of US$ 340.5 Bn by 2031.

Nutricosmetics Market - The global nutricosmetics market stood at US$ 4.45 Bn. It is anticipated that the global market will progress 7.7% CAGR during the forecast period, from 2022 to 2031.

Home Textile Products Market - The global home textile products market was valued at US$ 108.6 Bn in 2022; It is estimated to grow at a CAGR of 6.9% from 2022 to 2031 and reach US$ 195.7 Bn by the end of 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com   
Blog: https://tmrblog.com   
Email: sales@transparencymarketresearch.com 

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

Modal title

Also from this source

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Over the last year, several companies have announced new semiconductor fabrication sites, especially in the U.S., India, and Europe. These...

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

The market was valued at US$ 6.9 billion in 2022. The Silicon Metal Market Growth is estimated to reach US$ 10.7 billion by the end of 2031,...

More Releases From This Source

Explore

Household, Consumer & Cosmetics

Household, Consumer & Cosmetics

Household Products

Household Products

Retail

Retail

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.