Luxury Candle Market Share, Trends and Analysis to 2028
The luxury candle market was valued at US$ 370.95 million in 2021 and is projected to reach US$ 525.28 million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.
The global luxury candle market growth is being driven by the rising adoption of aromatherapy, increasing preference for home decor, and growing number of high net worth individuals (HNWIs). The attractive packaging and novel fragrance being incorporated in luxury candles pave the way for profitable growth opportunities for the active vendors in the market.
In 2020, North America held the largest share of the global luxury candle market, and Asia Pacific is estimated to register the fastest CAGR over the forecast period. The rising inclination of people in countries such as China, India, and Japan toward self-care and self-love is driving the demand for luxury candles. Moreover, the increasing influence of social media and celebrities on people's lifestyles is one of the significant factors driving the growth of the luxury candles market in Asia Pacific. People in the region readily follow social media trends and influencers and celebrities. Manufacturers of luxury candles collaborate with celebrities and social media influencers and are also launch paid promotion campaigns to boost the sales of their products. Moreover, rising per capita income and growing expenditure on home decor and home renovation activities across Asia Pacific are expected to propel the growth of the luxury candles market over the forecast period.
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Luxury Candle Market: Strategic Insights
Market Size Value in US$ 370.95 million in 2021 Market Size Value by US$ 525.28 million by 2028 Growth rate CAGR of 5.1% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Luxury Candle Market: Strategic Insights
| Market Size Value in | US$ 370.95 million in 2021 |
| Market Size Value by | US$ 525.28 million by 2028 |
| Growth rate | CAGR of 5.1% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Luxury Candle Market
The COVID-19 pandemic has negatively impacted many industries, including the consumer goods industry. The supply chains were disrupted severely due to nationwide lockdown and border restrictions, which affected the production and distribution of various products. The majority of the people were confined to their homes due to the COVID-19-induced lockdowns, owing to which there was a hike in the sale of home fragrance products, including luxury candles. Consumers began focusing their time on self-care routines to minimize stress, anxiety, and discomfort. All these factors opened positive growth opportunities for the luxury candle market. Industries are recovering from their losses and manufacturers are now permitted to operate with full capacity. Thus, luxury candle manufacturers are able to overcome the demand and supply gap due to the revival of their operations. Additionally, the luxury candle market is expected to witness significant growth in the coming years due to the cross-border movement of people and the growth of the tourism industry.
Market Insights
Rising Home Decor Industry
The home furnishing and home decor sector has seen significant expansion in recent years, owing to an increase in people's interest in making their living spaces more pleasant and homely. Moreover, people spent more time inside their houses due to the outbreak of COVID-19 and stay-at-home mandates. As a result, many people began to redecorate and modify their homes. This resulted in increased sales of home decor items such as curtains, pillows, lamps, vases, and candles. Consumers are looking for new ways to brighten up their living spaces; therefore, sales of home decor items are projected to increase significantly in the coming years. Candles are an important element of celebrations, festivities, and home decor. They enhance the ambiance and add a finishing touch to the overall decoration. Moreover, candles suit any home decor theme, which make them versatile home decor products. Thus, the rapidly expanding home decor industry is significantly boosting the growth of the luxury candle market.
Type Insights
Based on type, the luxury candle market is bifurcated into scented and regular. The scented segment accounted for a larger market share in 2020 is expected to register a higher CAGR during the forecast period. Scented candles come in a range of fragrances, including fruity, herbal, earthy, airy, woodsy, masculine, feminine, and floral. They are widely being used in home decor by therapists across massage centers and spas to create a calming and soothing effect. Due to these factors, the demand for scented candles is projected to proliferate in the coming years.
Distribution Channel Insights
Based on distribution channel, the luxury candle market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment accounted for the largest market share in 2020, and the online retail segment is expected to register the highest CAGR during the forecast period. Supermarkets and hypermarkets are large retail stores that offer a wide range are considered effective distribution channels for luxury candles. In comparison to other distribution channels, supermarkets and hypermarkets provide a variety of items from different brands at one convenient location and at reasonable costs. Many leading manufacturers of luxury candles target selling their products through prominent supermarkets and hypermarket chains such as Walmart, Lidl, and Kroger as there is high customer traffic. Such stores have a separate section of beauty and wellness products where customers can easily find the specific product. This factor is also driving the popularity of supermarkets and hypermarkets for purchasing luxury candles.
A few players operating in the luxury candle market include The Estée Lauder Companies Inc.; Diptyque; SISLEY; HERMES; Creed Boutique, LLC; Acqua di Parma S.r.l.; Newell Brands; Parfums de Marly; Louis Vuitton; and Maison Francis Kurkdjian. These players majorly focus on product innovation and research and development. They incorporate premium and unique fragrances in the product to acquire large consumer groups across the globe. Such strategies are projected to open lucrative growth opportunities for the luxury candle market in the coming years.
Luxury Candle Market Report Scope
Report Spotlights
- Progressive industry trends in the luxury candle market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the luxury candle market from 2019 to 2028
- Estimation of global demand for luxury candle
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the luxury candle market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the luxury candle market at various nodes
- Detailed overview and segmentation of the market, as well as the luxury candle industry dynamics
- Size of the luxury candle market in various regions with promising growth opportunities
Based on type, the luxury candle market is bifurcated into scented and regular. Based on distribution channel, the global luxury candle market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Geographically, the luxury candle market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM).
The key players operating in the global luxury candle market include The Estée Lauder Companies Inc.; Diptyque; SISLEY; HERMES; Creed Boutique, LLC; Acqua di Parma S.r.l.; Newell Brands; Parfums de Marly; Louis Vuitton; and Maison Francis Kurkdjian.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The automobile segment is the fastest growing segment in the global styrene monomer market during the forecasted period. Acrylonitrile-butadiene styrene (as a thermoplastic resin) and styrene-acrylonitrile are used in automotive applications.
The Acrylonitrile-Butadiene Styrene (ABS) segment is the fastest growing segment in the global styrene monomer market during the forecasted period. Various properties of acrylonitrile-butadiene styrene plastic make it a suitable material for applications such as automotive, sports equipment, electrical appliances, and toys.
The packaging segment held the largest share of the styrene monomer market in 2021. Styrene monomers are extensively utilized in food packaging. Polystyrene foam is used in lightweight protective packaging and foodservice containers.
The polystyrene segment held the largest share of the global styrene monomer market in 2021. Styrene is mainly used in the production of polystyrene, which is a major material used in applications such as packaging, consumer electronics, toys, recreational equipment, and refrigerator door liners.
In 2021, Asia Pacific held the largest share of the global styrene monomer market. The food industry is one of the major end-users of the styrene monomer as it is extensively utilized in food packaging. Moreover, in the Asia Pacific region, growing construction work is expected to accelerate the demand for styrene monomers.
The major players operating in the global styrene monomer market are Americas Styrenics LLC (AmSty), Asahi Kasei Corporation, BASF SE, Idemitsu Kosan Co.,Ltd., INEOS Styrolution Group GmbH, LG Chem, LOTTE Chemical CORPORATION, LyondellBasell Industries Holdings B.V., Trinseo, Westlake Chemical Corporation, among others.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
3.2.8 Limitations & Assumptions
4. Global Luxury Candle Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South and Central America
4.3 Expert Opinion
5. Luxury Candle Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Inclusion of Luxury Candles in Self-Care Routines
5.1.2 Rising Home Decor Industry
5.2 Market Restraints
5.2.1 Availability of Low-Priced Products
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Growing Social Media Influence and Rising Penetration of E-commerce Platforms
5.5 Impact Analysis of Drivers and Restraints
6. Luxury Candle – Global Market Analysis
6.1 Luxury Candle Market Overview
6.2 Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Global Luxury Candle Market Analysis – By Type
7.1 Overview
7.2 Luxury Candle Market, By Category (2020 and 2028)
7.3 Regular
7.3.1 Overview
7.3.2 Regular: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
7.4 Scented
7.4.1 Overview
7.4.2 Scented: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
8. Luxury Candle Market Analysis – By Distribution Channel
8.1 Overview
8.2 Luxury Candle Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
9. Global Luxury Candle Market – Geographic Analysis
9.1 Overview
9.2 North America
9.2.1 Overview
9.2.2 North America: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America: Luxury Candle Market, By Type
9.2.4 North America: Luxury Candle Market, by Distribution Channel
9.2.5 North America: Luxury Candle Market, by Key Country
9.2.5.1 US: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.1 US: Luxury Candle Market, By Type
9.2.5.1.2 US: Luxury Candle Market, by Distribution Channel
9.2.5.2 Canada: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 Canada: Luxury Candle Market, By Type
9.2.5.2.2 Canada: Luxury Candle Market, by Distribution Channel
9.2.5.3 Mexico: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Mexico: Luxury Candle Market, By Type
9.2.5.3.2 Mexico: Luxury Candle Market, by Distribution Channel
9.3 Europe: Luxury Candle Market
9.3.1 Europe: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Luxury Candle Market, By Type
9.3.3 Europe: Luxury Candle Market, by Distribution Channel
9.3.4 Europe: Luxury Candle Market, by Key Country
9.3.4.1 Germany: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Luxury Candle Market, By Type
9.3.4.1.2 Germany: Luxury Candle Market, by Distribution Channel
9.3.4.2 France: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Luxury Candle Market, By Type
9.3.4.2.2 France: Luxury Candle Market, by Distribution Channel
9.3.4.3 Italy: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Luxury Candle Market, By Type
9.3.4.3.2 Italy: Luxury Candle Market, by Distribution Channel
9.3.4.4 UK: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Luxury Candle Market, By Type
9.3.4.4.2 UK: Luxury Candle Market, by Distribution Channel
9.3.4.5 Russia: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Luxury Candle Market, By Type
9.3.4.5.2 Russia: Luxury Candle Market, by Distribution Channel
9.3.4.6 Rest of Europe: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Luxury Candle Market, By Type
9.3.4.6.2 Rest of Europe: Luxury Candle Market, by Distribution Channel
9.4 Asia-Pacific: Luxury Candle Market
9.4.1 Asia-Pacific: Luxury Candle Market – Analysis and Forecast to 2028 (US$ Million)
9.4.2 Asia-Pacific: Luxury Candle Market, By Type
9.4.3 Asia-Pacific: Luxury Candle Market, by Distribution Channel
9.4.4 Asia-Pacific: Luxury Candle Market, by Key Country
9.4.4.1 Australia: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Luxury Candle Market, By Type
9.4.4.1.2 Australia: Luxury Candle Market, by Distribution Channel
9.4.4.2 China: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Luxury Candle Market, By Type
9.4.4.2.2 China: Luxury Candle Market, by Distribution Channel
9.4.4.3 India: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Luxury Candle Market, By Type
9.4.4.3.2 India: Luxury Candle Market, by Distribution Channel
9.4.4.4 Japan: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Luxury Candle Market, By Type
9.4.4.4.2 Japan: Luxury Candle Market, by Distribution Channel
9.4.4.5 South Korea: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Luxury Candle Market, By Type
9.4.4.5.2 South Korea: Luxury Candle Market, by Distribution Channel
9.4.4.6 Rest of Asia-Pacific: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia-Pacific: Luxury Candle Market, By Type
9.4.4.6.2 Rest of Asia-Pacific: Luxury Candle Market, by Distribution Channel
9.5 Middle East and Africa: Luxury Candle Market
9.5.1 Middle East and Africa: Luxury Candle Market – Analysis and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Luxury Candle Market, By Type
9.5.3 Middle East and Africa: Luxury Candle Market, by Distribution Channel
9.5.4 Middle East and Africa: Luxury Candle Market, by Key Country
9.5.4.1 South Africa: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Luxury Candle Market, By Type
9.5.4.1.2 South Africa: Luxury Candle Market, by Distribution Channel
9.5.4.2 Saudi Arabia: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Luxury Candle Market, By Type
9.5.4.2.2 Saudi Arabia: Luxury Candle Market, by Distribution Channel
9.5.4.3 UAE: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Luxury Candle Market, By Type
9.5.4.3.2 UAE: Luxury Candle Market, by Distribution Channel
9.5.4.4 Rest of the Middle East and Africa: Luxury Candle Market –Analysis and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East and Africa: Luxury Candle Market, By Type
9.5.4.4.2 Rest of the Middle East and Africa: Luxury Candle Market, by Distribution Channel
9.6 South and Central America: Luxury Candle Market
9.6.1 South and Central America: Luxury Candle Market – Revenue and Forecast to 2028(US$ Million)
9.6.2 South and Central America: Luxury Candle Market, By Type
9.6.3 South and Central America: Luxury Candle Market, by Distribution Channel
9.6.4 South and Central America: Luxury Candle Market, by Key Country
9.6.4.1 Brazil: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Luxury Candle Market, By Type
9.6.4.1.2 Brazil: Luxury Candle Market, by Distribution Channel
9.6.4.2 Argentina: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Luxury Candle Market, By Type
9.6.4.2.2 Argentina: Luxury Candle Market, by Distribution Channel
9.6.4.3 Rest of South and Central America: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Luxury Candle Market, By Type
9.6.4.3.2 Rest of South and Central America: Luxury Candle Market, by Distribution Channel
10. Overview- Impact of Coronavirus Outbreak
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 The Estée Lauder Companies Inc.
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 Diptyque
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 SISLEY
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 HERMES
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 Creed Boutique, LLC
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 Acqua di Parma S.r.l.
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 Newell Brands
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 Parfums de Marly
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 Louis Vuitton
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 Maison Francis Kurkdjian
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 Word Index
LIST OF TABLES
Table 1. Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Luxury Candle Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Luxury Candle Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia-Pacific Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia-Pacific Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 30. China Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. China Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 32. India Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. India Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia-Pacific Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia-Pacific Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 40. Middle East and Africa Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Middle East and Africa Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 42. South Africa Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Saudi Arabia Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of the Middle East and Africa Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of the Middle East and Africa Luxury Candle Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 50. South and Central America Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South and Central America Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Brazil Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Argentina Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South and Central America Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of South and Central America Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 58. List of Abbreviation
LIST OF FIGURES
Figure 1. Global Luxury Candle Market Segmentation
Figure 2. Luxury Candle Market Segmentation – By Geography
Figure 3. Global Luxury Candle Market Overview
Figure 4. Luxury Candle Market, By Type
Figure 5. Luxury Candle Market, By Geography
Figure 6. Global Luxury Candle Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia-Pacific: PEST Analysis
Figure 10. Middle East and Africa: PEST Analysis
Figure 11. South and Central America: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Global Luxury Candle Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Luxury Candle Market
Figure 15. Global: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 17. Regular: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Scented: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Luxury Candle Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 20. Supermarkets and Hypermarkets: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Specialty Stores: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Online Retail: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: Luxury Candle Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Global Luxury Candle Market Revenue Share, By Region (2020 and 2028)
Figure 25. North America: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 27. North America: Luxury Candle Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 28. North America: Luxury Candle Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. US: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 34. Europe: Luxury Candle Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 35. Europe: Luxury Candle Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. Germany: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. France: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Italy: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia-Pacific: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia-Pacific: Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 44. Asia-Pacific: Luxury Candle Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 45. Asia-Pacific: Luxury Candle Market Revenue Share, by Key Country (2020 and 2028)
Figure 46. Australia: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. China: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. India: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49. Japan: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. South Korea: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Asia-Pacific: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. Middle East and Africa: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Middle East and Africa: Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 54. Middle East and Africa: Luxury Candle Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 55. Middle East And Africa: Luxury Candle Market Revenue Share, By Key Country (2020 And 2028)
Figure 56. South Africa: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. UAE: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of the Middle East and Africa: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. South and Central America: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. South and Central America: Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 62. South and Central America: Luxury Candle Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 63. South and Central America: Luxury Candle Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. Brazil: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. Argentina: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of South and Central America: Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in the Middle East & Africa Country Markets
Figure 71. Impact of COVID-19 Pandemic in South and Central America Country Markets
The List of Companies - Luxury Candle Market
- The Estée Lauder Companies Inc.
- Diptyque
- SISLEY
- HERMES
- Creed Boutique, LLC
- Acqua di Parma S.r.l.
- Newell Brands
- Parfums de Marly
- Louis Vuitton
- Maison Francis Kurkdjianare
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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