Candles Market Updates by 2031
A candle is a wick which can be ignited and is made up of wax. Earlier, the function of any candle was provide light only. But now a days, it has become a symbol of celebration with respect to any festival, ceremony, events etc. According to respective occasion, candles are available in various shapes, sizes, and colors. Candles are produced from different kinds of waxes such as beeswax, soy wax, paraffin, palm wax, etc. Candles market is anticipated to grow considerably during the forecast period all over the world.
MARKET SCOPE
The "Global Candles Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the candles market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading candles market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global candles market is segmented into scented and regular.
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail and others.
MARKET DYNAMICS
Drivers:
- Large scale celebrations on various festive occasions.
- Rising urbanization and increasing per capita disposable income to boost market growth of candles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The candles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the candles market in these regions.
IMPACT OF COVID-19ON CANDLES MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Due to pandemic of COVID-19, there were no public gatherings or social occasions on a large scale. Due to restriction of limited workforce, candles market also suffered from supply side. However, post pandemic, candles market is anticipated to grow rapidly.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The candles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the candles market in these regions.
IMPACT OF COVID-19ON CANDLES MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Due to pandemic of COVID-19, there were no public gatherings or social occasions on a large scale. Due to restriction of limited workforce, candles market also suffered from supply side. However, post pandemic, candles market is anticipated to grow rapidly.
MARKET PLAYERS
The report covers key developments in the candles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from candles market are anticipated to lucrative growth opportunities in the future with the rising demand for candles in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the candles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bath & Body Works
- Bridgewater Candle Company
- Circle E Candles
- Colonial Candle
- Diptyque
- Jo Malone
- MALIN+GOETZ
- NEST New York
- Thymes, LLC
- VILLAGE CANDLE
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Candles Market - By Type
1.3.2 Candles Market - By Distribution Channel
1.3.3 Candles Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CANDLES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CANDLES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CANDLES MARKET - GLOBAL MARKET ANALYSIS
6.1. CANDLES - GLOBAL MARKET OVERVIEW
6.2. CANDLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CANDLES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SCENTED
7.3.1. Overview
7.3.2. Scented Market Forecast and Analysis
7.4. REGULAR
7.4.1. Overview
7.4.2. Regular Market Forecast and Analysis
8. CANDLES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CANDLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Candles Market Overview
9.1.2 North America Candles Market Forecasts and Analysis
9.1.3 North America Candles Market Forecasts and Analysis - By Type
9.1.4 North America Candles Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Candles Market Forecasts and Analysis - By Countries
9.1.5.1 United States Candles Market
9.1.5.1.1 United States Candles Market by Type
9.1.5.1.2 United States Candles Market by Distribution Channel
9.1.5.2 Canada Candles Market
9.1.5.2.1 Canada Candles Market by Type
9.1.5.2.2 Canada Candles Market by Distribution Channel
9.1.5.3 Mexico Candles Market
9.1.5.3.1 Mexico Candles Market by Type
9.1.5.3.2 Mexico Candles Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Candles Market Overview
9.2.2 Europe Candles Market Forecasts and Analysis
9.2.3 Europe Candles Market Forecasts and Analysis - By Type
9.2.4 Europe Candles Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Candles Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Candles Market
9.2.5.1.1 Germany Candles Market by Type
9.2.5.1.2 Germany Candles Market by Distribution Channel
9.2.5.2 France Candles Market
9.2.5.2.1 France Candles Market by Type
9.2.5.2.2 France Candles Market by Distribution Channel
9.2.5.3 Italy Candles Market
9.2.5.3.1 Italy Candles Market by Type
9.2.5.3.2 Italy Candles Market by Distribution Channel
9.2.5.4 United Kingdom Candles Market
9.2.5.4.1 United Kingdom Candles Market by Type
9.2.5.4.2 United Kingdom Candles Market by Distribution Channel
9.2.5.5 Russia Candles Market
9.2.5.5.1 Russia Candles Market by Type
9.2.5.5.2 Russia Candles Market by Distribution Channel
9.2.5.6 Rest of Europe Candles Market
9.2.5.6.1 Rest of Europe Candles Market by Type
9.2.5.6.2 Rest of Europe Candles Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Candles Market Overview
9.3.2 Asia-Pacific Candles Market Forecasts and Analysis
9.3.3 Asia-Pacific Candles Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Candles Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Candles Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Candles Market
9.3.5.1.1 Australia Candles Market by Type
9.3.5.1.2 Australia Candles Market by Distribution Channel
9.3.5.2 China Candles Market
9.3.5.2.1 China Candles Market by Type
9.3.5.2.2 China Candles Market by Distribution Channel
9.3.5.3 India Candles Market
9.3.5.3.1 India Candles Market by Type
9.3.5.3.2 India Candles Market by Distribution Channel
9.3.5.4 Japan Candles Market
9.3.5.4.1 Japan Candles Market by Type
9.3.5.4.2 Japan Candles Market by Distribution Channel
9.3.5.5 South Korea Candles Market
9.3.5.5.1 South Korea Candles Market by Type
9.3.5.5.2 South Korea Candles Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Candles Market
9.3.5.6.1 Rest of Asia-Pacific Candles Market by Type
9.3.5.6.2 Rest of Asia-Pacific Candles Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Candles Market Overview
9.4.2 Middle East and Africa Candles Market Forecasts and Analysis
9.4.3 Middle East and Africa Candles Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Candles Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Candles Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Candles Market
9.4.5.1.1 South Africa Candles Market by Type
9.4.5.1.2 South Africa Candles Market by Distribution Channel
9.4.5.2 Saudi Arabia Candles Market
9.4.5.2.1 Saudi Arabia Candles Market by Type
9.4.5.2.2 Saudi Arabia Candles Market by Distribution Channel
9.4.5.3 U.A.E Candles Market
9.4.5.3.1 U.A.E Candles Market by Type
9.4.5.3.2 U.A.E Candles Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Candles Market
9.4.5.4.1 Rest of Middle East and Africa Candles Market by Type
9.4.5.4.2 Rest of Middle East and Africa Candles Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Candles Market Overview
9.5.2 South and Central America Candles Market Forecasts and Analysis
9.5.3 South and Central America Candles Market Forecasts and Analysis - By Type
9.5.4 South and Central America Candles Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Candles Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Candles Market
9.5.5.1.1 Brazil Candles Market by Type
9.5.5.1.2 Brazil Candles Market by Distribution Channel
9.5.5.2 Argentina Candles Market
9.5.5.2.1 Argentina Candles Market by Type
9.5.5.2.2 Argentina Candles Market by Distribution Channel
9.5.5.3 Rest of South and Central America Candles Market
9.5.5.3.1 Rest of South and Central America Candles Market by Type
9.5.5.3.2 Rest of South and Central America Candles Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CANDLES MARKET, KEY COMPANY PROFILES
11.1. BATH AND BODY WORKS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRIDGEWATER CANDLE COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CIRCLE E CANDLES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COLONIAL CANDLE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DIPTYQUE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JO MALONE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MALIN+GOETZ
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NEST NEW YORK
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THYMES, LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VILLAGE CANDLE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Bath and Body Works
2. Bridgewater Candle Company
3. Circle E Candles
4. Colonial Candle
5. Diptyque
6. Jo Malone
7. MALIN+GOETZ
8. NEST New York
9. Thymes, LLC
10. VILLAGE CANDLE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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