Global Candle Market was valued at US$ 7.73 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.2% through 2022 to 2029, reaching nearly US$ 14.53 Bn.
Candle Market Overview :
The MMR report for the Candle market help with market forecast values of every economy as per the segment in the market. The report provides the market dynamics such as growth driving factors, growth restraining factors, opportunities for the new market entrants, and the various government rules and regulations regarding the product. The report also helps with data on decisions taken by the industry specialties during the forecast period.
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Candle Market Scope :
The size of the Candle market in various divisions and areas is included in the report, including Market dynamics shifting from 2020 to 2029, the latest Trends in the market related to the product price, Recent market developments over the years, In-depth geographical analysis of the region, Strategies for development implemented by key players and Company profiling based on business models is included in the Candle market report. PESTLE analysis is conducted to evaluate the market conditions.
Segmentation :
This is a result of its capacity for delayed burning. They come in a variety of colours, including red, pink, yellow, purple, black, and many others, and are around 5 cm tall and 4 cm broad. They are stored on a glass holder to enhance their beauty when lit. Throughout the forecast period of 2022–2029, these are the main advantages that propel the expansion of the votive candle segment in the worldwide market.
Dynamics :
The growing use of candles for celebrations like birthdays, weddings, festivals, etc. is one of the main drivers propelling the candle market. Some of the key reasons propelling the growth of the candle market include an increase in the use of candles by therapists to create a tranquil ambiance in therapy rooms, burning candles during prayers and meditation, etc. Global manufacturers and suppliers now have a wealth of options thanks to the expansion of e-commerce. Manufacturers and producers of candles are concentrating on selling their products on various e-commerce platforms in order to supply a wide range of customers across the globe.
Key Players :
- • Vollmar GMBH
• Baltic Candles Ltd
• Bolsius International BV
• Delsbo Candle AB
• Diana Lys A/S
• Duni AB
• Erich Kopschitz GmbH
• Hansa Candle AS
• Bekro Chemie GMBH
• KORONA Candles S.A.
• Suomen Kerta Oy
• Yankee Candle Europe Ltd
• Affari AB
• BISPOL Sp. z o.o.
• Candle Scandinavia Group AB
• Ceras Roura
• Duffy Scott Candlemakers Ltd
• Engels Kerzen GmbH
• Ester Erik A/S
• Gebr. Müller Kerzenfabrik AG
• Korpiahon Hunaja Oy
• Kynttilä-Tuote Oy
• Liljeholmens Stearinfabriks AB
• Monterosa Zelandi Srl
• The Copenhagen Candle Company Limited
• VILA HERMANOS CERERÍA SA
• Seal Aromas Gmbh
• Contract Candles Ltd
• Spaas Candles Poland Sp Z O O
• Bartek Candles
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Regional Analysis
North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa are covered in the Candle market report. The regional Candle market size of the base and the forecast values for each and every segment is covered for all the economies. The report also includes the market hampering factors both positively as well as negatively in every region for the Candle market.
Key Questions answered in the Candle Market Report are:
- What is Candle Market?
- What is the forecast period of the Candle Market?
- What is the competitive scenario of the Candle market?
- Which region held the largest market share in the Candle Market?
- What are the opportunities for the Candle Market?
- What are the restraining factors in the Candle market?
- Who are the key players of the Candle market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Candle
- Landscape- Leading key players and other prominent key players.
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