The scented candle market is likely to hold a valuation of US$ 5.64 billion by 2033. As of 2023, the market value is US$ 3.76 billion. As individuals worldwide seek comforting and pleasant home environments, the scented candle market is expected to expand by 4.10% CAGR from 2023 to 2033.
The current times have seen a rise in soothing and mindfulness activities across the world. This has benefitted markets like that for scented candles as they provide the required ambiance for these practices. As more people recognize the benefits of creating a calming and relaxing environment, scented candles have become a go-to choice for enhancing self-care routines and promoting well-being.
Get your Sample Report to Boost Your Industry Knowledge for Valuable Insights: https://www.futuremarketinsights.com/reports/sample/rep-gb-14253
Apart from personal usage, scented candles also have applications in various commercial settings. They are utilized in spas, wellness centers, and massage therapy studios to create a pleasant customer environment. The demand for scented candles has also been experiencing a surge recently due to its incorporation into the home décor industry. Scented candles not only increase the room’s aesthetic appeal but also create a welcoming environment for the households.
The significance of scented candles in the general population is also increasing because of their applications in modern therapies like aromatherapy. Short video platforms and social media influencers have made it simple to learn about the therapeutic advantages of scented candles. This has further accelerated the growth of the scented candle market in the global market.
Post-pandemic, the demand for products offering a soothing and calm experience has experienced a significant surge. This growing trend toward personal care and mental well-being has also benefitted the markets for products like scented candles. Scented candles are gaining tremendous popularity, especially in urban areas, where people desire mindfulness and relaxation
Request the Full Report Methodology Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14253
Key Takeaways from the Scented Candle Market Report:
- The scented candle market is expected to grow by 4.10% for the forecast period of 2023 to 2033.
- Container-based candles dominate the global scented candle market, with an overall revenue share of 56.60%.
- When it comes to shape, round candles capture a significant 56.30% share of the global scented candle market revenue.
- China is the leading market for scented candles, with a remarkable growth rate of 7.80% CAGR from 2023 to 2033.
- China is followed by Japan (6.20%), Singapore (4.80%), and Australia (4.50%) in terms of scented candle market growth.
Competitive Analysis of the Scented Candles Market:
With only a few international brands catering to a niche audience, there is ample room for new players to establish their presence and leverage effective marketing strategies to capture consumers’ attention. Local businesses can position themselves in this market by tapping into the growing consumer demand for wellness and self-care products.
Key Companies in the Scented Candle Market
- MVP Group International, Inc.
- Newell Brands
- Estee Lauder Companies
- NEST New York
- Thymes, LLC
- L Brands
- Portmeirion Group Plc
- The Yankee Candle Co. Inc.
- The White Barn Candle Co.
- The Village Candle
- Bridgewater Candles
Recent Developments:
- In January 2023, Diptyque launched a new line of scented candles inspired by nature. The line features scents like pine needles, fig leaves, and jasmine, offering a refreshing and botanical experience.
- In March 2023, Yankee Candle released a new line of scented candles made with sustainable soy wax. The line offers a variety of scents, including lavender, vanilla, and citrus, catering to environmentally conscious consumers seeking eco-friendly options.
- In February 2023, Bath & Body Works introduced a new line of scented candles inspired by aromatherapy. The line includes scents like eucalyptus, peppermint, and lavender, providing a calming ambiance for relaxation.
Scented Candle Market by Category
By Product Type:
- Container-Based Scented Candles
- Pillar Scented Candles
- Others
By Consumer Orientation:
- Male
- Female
By Shape:
- Round
- Flower
- Heart
- Oval
- Others
By Number of Wicks:
- Single Wick
- Multi Wicks
By Sales Channel:
- Hypermarkets / Supermarkets
- Specialty Stores
- Independent Departmental Stores
- Convenience Stores
- Online Retailers
- Wholesalers & Distributors
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube