Global candles market was valued at US$ 7,567.50 Mn in 2016, and is expected to each US$ 11,707.76 Mn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
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Market Insight
Consumers are increasingly purchasing candles for their home decor, and for aromatherapy-like stress reduction and relaxation. The ease of purchase as well as the availability of various type of candles on multiple distribution channels is prompting more and more people to purchase these products. Proliferation in the number of distribution channels has benefited the sales through department, mass merchandise retailers and home decor stores. Supermarkets and hypermarkets are benefiting due to their discounted prices and various offers particularly attracting more and more buyers. The popularity of e-commerce has significantly increased candles sales. The ease of purchase as well as the availability of extensive information and reviews on products online is prompting more and more individuals to buy these products.
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Volatility in the prices of raw materials is the major factor hampering the market growth. Paraffin is still the most widely used base material for candle production. Meanwhile in 2014 and 2015, almost 33% of paraffin production in some countries was shut down; forcing candle manufacturers to import large volumes of base material at higher prices. Increasing usage of candles in various applications provide immense opportunities to the manufacturers present in this market.
Competitive Insights
The market is highly fragmented owing to presence of numerous players. The barriers to entry in the candle industry are low. The small candle makers are rising up and taking their piece of the pie. Many customers are opting to purchase candles from the smaller hand crafted market owing to the uniqueness, quality, and the ability to customize their orders.
Key Trends
- Rising demand from emerging economies
- The market is projected to benefit from growing demand for candles from various applications
- Availibity of the product in various shapes, colors, types and retail formats
TOC:
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Chapter 3 Global Candles Market Dynamics
3.1 Overview
3.2 Market Trends
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Increasing Consumption of Candles Per Head
3.3.1.2 Shift In Shopping Trends
3.3.2 Market Challenges
3.3.2.1 Growing Low-Priced Imports
3.3.2.2 Uncertain Base Material Supply
3.3.3 Market Opportunity
3.3.3.1 Change in Buyer’s Behavior from Functional to Emotional
3.4 Attractive Investment Proposition, by Type 2016
Chapter 4 Global Candles Market Analysis, by Type
4.1 Overview
4.1.1 Global Candles Market, by Type, 2015 – 2025 (US$ Mn)
4.2 Pillar Candles
4.3 Floating Candles
4.4 Votive Candles
4.5 Tapers
4.6 Filled Candles
4.7 Tealight Candles
4.8 Gel Candles
4.9 Specialty Candles
4.10 Liquid Candles
4.11 Others
Chapter 5 Global Candles Market Analysis, by Distribution Channels
5.1 Overview
5.1.1 Global Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
5.2 Specialty or Gift Shops
5.2.1 Global Candles Market, by Specialty or Gift Shops Distribution Channel, 2015 – 2025 (US$ Mn)
5.3 Department or Home Decor Stores
5.3.1 Global Candles Market, by Department or Home Decor Stores Distribution Channel, 2015 – 2025 (US$ Mn)
5.4 Mass Merchandise Retailers
5.4.1 Global Candles Market, by Mass Merchandise Retailers Distribution Channel, 2015 – 2025 (US$ Mn)
5.5 Direct Sales
5.5.1 Global Candles Market, by Direct Sales Distribution Channel, 2015 – 2025 (US$ Mn)
5.6 Internet
5.6.1 Global Candles Market, by Internet Distribution Channel, 2015 – 2025 (US$ Mn)
5.7 Others (Unorganised Retail)
5.7.1 Global Candles Market, by Other Distribution Channels, 2015 – 2025 (US$ Mn)
Chapter 6 Global Candles Market, By Region
6.1 Overview
6.2 North America
6.2.1 North America Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.2.2 North America Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.2.3 North America Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.3 Europe
6.3.1 Europe Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.3.2 Europe Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.3.3 Europe Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.4 Asia Pacific
6.4.1 Asia Pacific Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.4.2 Asia Pacific Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.4.3 Asia Pacific Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.5 Latin America
6.5.1 Latin America Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.5.2 Latin America Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.5.3 Latin America Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.6 Middle East & Africa (MEA)
6.6.1 MEA Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.6.2 MEA Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.6.3 MEA Candles Market, by Country, 2015 – 2025 (US$ Mn)
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