Candle Market Size, Share & Trends Analysis Report By Product (Votive, Container, Pillars, Tapers), By Wax Type (Paraffin, Soy Wax, Beeswax, Palm Wax), By Distribution Channel, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global candle market size is expected to reach USD 6.06 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.4% during the forecast period. Increasing popularity of using candles in home decor and ambience creation is expected to fuel the growth. Rapid rise in adoption for residential and commercial applications coupled with the demand for candles for religious purposes is anticipated to further drive market. Service providers such as hotels, restaurants, and beauty and spa use candles to create a warm, cozy, and relaxing ambiance. This factor is projected to further drive the product demand.

Scented candles have been gaining popularity in the recent years among urban millennials from developed countries including U.S., Germany, and France. These scented candles are available in various fragrances including basil, eucalyptus, jasmine, lavender, lemon, orange, rosemary, and vanilla among many others. Each of these fragrances are situation specific and have unique health benefits. For instance, basil helps create a positively alert mental state. It helps ensure better concentration and is found to be beneficial for nervous system stimulation, migraine relief, and improved digestion. Similarly, eucalyptus is found beneficial for the treatment of various diseases including asthma, sinusitis, bronchitis, cough, pneumonia, rheumatism, and arthritis.

In April 2019, Yankee Candle Company, launched a Sunday Brunch Candle collection. These products are available in jars under the brand names, Easter Basket and Rainbow Shake. These products will be launched in seven different fragrances including Grilled Peaches, Vanilla, Honey Lavender Gelato, Strawberry Bellini, Belgian Waffles, Blush Bouquet, and Sweet Morning Rose. Louis Vuitton, the French fashion house and luxury retailer, launched a line of scented candles in October, 2018. It will comprise of four scented candles including L'Air du Jardin, �le Blanche, Feuilles d'Or, and Dehors Il Neige.

Further key findings from the report suggest:

• Votives product forms accounted for more than 25% of the global revenue in 2018

• Pillar candles is expected to witness the fastest CAGR of 9.0% from 2019 to 2025

• Online segment is expected to register the fastest CAGR of 8.7% over the forecast period

• Paraffin products accounted for more than 30% of the global market share in terms of revenue in 2018

• Key players operating in the candle market are Yankee Candles, White Barn Candles, Village Candles, Thymes, Slatkin & Co, NEST, Malin + Goetz, Jo Malone, Diptyque, Colonial Candle, Circle E Candles, Bridgewater Candles, Better Homes and Garden, and Bath & Body Works

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Candles Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant 
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Candles Market
                    3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Candles Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Votive
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Container Candle
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.4. Pillars
                        5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.5. Tapers
                        5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.6. Others
                        5.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Candles Market: Wax Estimates & Trend Analysis
                    6.1. Wax Movement Analysis & Market Share, 2018 & 2025
                    6.2. Paraffin
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Soywax
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.4. Beeswax
                        6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.5. Palm Wax
                        6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.6. Others
                        6.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Candles Market: Distribution Channel Estimates & Trend Analysis
                    7.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    7.2. Hypermarkets & Supermarkets
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.3. Online
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 8. Candles Market: Regional Estimates & Trend Analysis
                    8.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    8.2. North America
                        8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.2.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                        8.2.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.2.5. U.S.
                            8.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.2.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD million)
                            8.2.5.3. Market estimates and forecast, by wax, 2015 - 2025 (USD million)
                            8.2.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.3. Europe
                        8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD million)
                        8.3.3. Market estimates and forecast, by wax, 2015 - 2025 (USD million)
                        8.3.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.3.5. Germany
                            8.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.3.5.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                            8.3.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.3.6. U.K.
                            8.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.3.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.3.6.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                            8.3.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.4. Asia Pacific
                        8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.4.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                        8.4.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million) 
                        8.4.5. China
                            8.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.4.5.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                            8.4.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.4.6. India
                            8.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.4.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.4.6.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                            8.4.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.5. Central & South America
                        8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.5.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                        8.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.5.5. Brazil
                            8.5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.5.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.5.5.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                            8.5.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    8.6. Middle East & Africa
                        8.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        8.6.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                        8.6.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        8.6.5. South America
                            8.6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.6.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            8.6.5.3. Market estimates and forecast, by wax, 2015 - 2025 (USD Million)
                            8.6.5.4. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 9. Competitive Analysis
                    9.1. Key global players, recent developments & their impact on the industry
                    9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    9.3. Vendor Landscape
                        9.3.1. Key company market share analysis, 2018
Chapter 10. Company Profiles
                    10.1. Bath & Body Works
                        10.1.1. Company Overview
                        10.1.2. Financial Performance
                        10.1.3. Product Benchmarking
                        10.1.4. Strategic Initiatives
                    10.2. Better Homes and Garden
                        10.2.1. Company Overview
                        10.2.2. Financial Performance
                        10.2.3. Product Benchmarking
                        10.2.4. Strategic Initiatives
                    10.3. Bridgewater Candles
                        10.3.1. Company Overview
                        10.3.2. Financial Performance
                        10.3.3. Product Benchmarking
                        10.3.4. Strategic Initiatives
                    10.4. Colonial Candle 
                        10.4.1. Company Overview
                        10.4.2. Financial Performance
                        10.4.3. Product Benchmarking
                        10.4.4. Strategic Initiatives
                    10.5. Circle E Candles
                        10.5.1. Company Overview
                        10.5.2. Financial Performance
                        10.5.3. Product Benchmarking
                        10.5.4. Strategic Initiatives
                    10.6. Diptyque
                        10.6.1. Company Overview
                        10.6.2. Financial Performance
                        10.6.3. Product Benchmarking
                        10.6.4. Strategic Initiatives
                    10.7. Gold Canyon Candles
                        10.7.1. Company Overview
                        10.7.2. Financial Performance
                        10.7.3. Product Benchmarking
                        10.7.4. Strategic Initiatives
                    10.8. Jo Malone
                        10.8.1. Company Overview
                        10.8.2. Financial Performance
                        10.8.3. Product Benchmarking
                        10.8.4. Strategic Initiatives
                    10.9. Malin + Goetz
                        10.9.1. Company Overview
                        10.9.2. Financial Performance
                        10.9.3. Product Benchmarking
                        10.9.4. Strategic Initiatives
                    10.10. NEST
                        10.10.1. Company Overview
                        10.10.2. Financial Performance
                        10.10.3. Product Benchmarking
                        10.10.4. Strategic Initiatives
                    10.11. Slatkin & Co
                        10.11.1. Company Overview
                        10.11.2. Financial Performance
                        10.11.3. Product Benchmarking
                        10.11.4. Strategic Initiatives
                    10.12. Thymes
                        10.12.1. Company Overview
                        10.12.2. Financial Performance
                        10.12.3. Product Benchmarking
                        10.12.4. Strategic Initiatives
                    10.13. Village Candles
                        10.13.1. Company Overview
                        10.13.2. Financial Performance
                        10.13.3. Product Benchmarking
                        10.13.4. Strategic Initiatives
                    10.14. Virginia Candle / WoodWick Candles
                        10.14.1. Company Overview
                        10.14.2. Financial Performance
                        10.14.3. Product Benchmarking
                        10.14.4. Strategic Initiatives
                    10.15. White Barn Candles
                        10.15.1. Company Overview
                        10.15.2. Financial Performance
                        10.15.3. Product Benchmarking
                        10.15.4. Strategic Initiatives
                    10.16. Yankee Candles
                        10.16.1. Company Overview
                        10.16.2. Financial Performance
                        10.16.3. Product Benchmarking
                        10.16.4. Strategic Initiatives

List of Tables

1. Candles - Key market driver analysis
2. Candles - Key market restraint analysis
3. Global votive market estimates and forecast, 2015 - 2025 (USD Million)
4. Global container candles market estimates and forecast, 2015 - 2025 (USD Million)
5. Global pillars market estimates and forecast, 2015 - 2025 (USD Million)
6. Global tapers market estimates and forecast, 2015 - 2025 (USD Million)
7. Global others market estimates and forecast, 2015 - 2025 (USD Million)
8. Global candles market estimates and forecast for paraffin, 2015 - 2025 (USD Million)
9. Global candles market estimates and forecast for soy wax, 2015 - 2025 (USD Million)
10. Global candles market estimates and forecast for beeswax, 2015 - 2025 (USD Million)
11. Global candles market estimates and forecast for palm wax, 2015 - 2025 (USD Million)
12. Global candles market estimates and forecast for offline, 2015 - 2025 (USD Million)
13. Global candles market estimates and forecast for online, 2015 - 2025 (USD Million)
14. North America candles market estimates and forecast, 2015 - 2025 (USD Million)
15. North America candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
16. North America candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
17. North America candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
18. U.S. candles market estimates and forecast, 2015 - 2025 (USD Million)
19. U.S. candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. U.S. candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
21. U.S. candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Europe candles market estimates and forecast, 2015 - 2025 (USD Million)
23. Europe candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. Europe candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
25. Europe candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. Germany candles market estimates and forecast, 2015 - 2025 (USD Million)
27. Germany candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
28. Germany candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
29. Germany candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
30. U.K. candles market estimates and forecast, 2015 - 2025 (USD Million)
31. U.K. candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. U.K. candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
33. U.K. candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Asia Pacific candles market estimates and forecast, 2015 - 2025 (USD Million)
35. Asia Pacific candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. Asia Pacific candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
37. Asia Pacific candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
38. China candles market estimates and forecast, 2015 - 2025 (USD Million)
39. China candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
40. China candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
41. China candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
42. India candles market estimates and forecast, 2015 - 2025 (USD Million)
43. India candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
44. India candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
45. India candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million) 
46. Central & South America candles market estimates and forecast, 2015 - 2025 (USD Million)
47. Central & South America candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
48. Central & South America candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
49. Central & South America candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
50. Brazil candles market estimates and forecast, 2015 - 2025 (USD Million)
51. Brazil candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
52. Brazil candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
53. Brazil candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
54. Middle East & Africa candles market estimates and forecast, 2015 - 2025 (USD Million)
55. Middle East & Africa candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
56. Middle East & Africa candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
57. Middle East & Africa candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
58. South Africa candles market estimates and forecast, 2015 - 2025 (USD Million)
59. South Africa candles market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
60. South Africa candles market revenue estimates and forecast by wax, 2015 - 2025 (USD Million)
61. South Africa candles market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
62. Vendor landscape

List of Figures

1. Candles market snapshot 
2. Candles market segmentation & scope
3. Candles market penetration & growth prospect mapping
4. Candles value chain analysis
5. Candles market dynamics
6. Candles market Porter's analysis 
7. Candles market: Product movement analysis 
8. Candles market: Wax movement analysis 
9. Candles market: Distribution channel movement analysis 
10. Candles market: Regional movement analysis