The Scented Candle Global Market Report 2023, provides comprehensive information on the scented candle market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global scented candle market size is expected to grow from $3.69 billion in 2022 to $3.90 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global scented candle market size is expected to grow to $4.81 billion in 2027 at a CAGR of 5.4%.
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Major market players are focusing on product innovations to gain a competitive edge in the market. For instance, in February 2020, McDonald’s, a US-based fast food company, launched a new scented candle pack that’s supposed to smell like a Quarter Pounder when burned together. The six-piece candle set includes the Quarter Pounder ingredient-inspired scents of ketchup, pickle, cheese, onion, bun, and 100% fresh beef
The scented candle market is segmented:
1) By Product Type: Jar, Pillar, Tea light, Tumbler, Vase, Other Product Types
2) By Raw Material: Wax, Liquid Dyes, Soy, Glass, Other Raw Materials
3) By Fragrance: Fruit, Flower, Spice, Blends, Other Fragrances
4) By Sales Channel: Online Retails, Offline Retails
North America was the largest region in the scented candle market in 2022.
The table of contents in TBRC’s scented candle market report includes:
1. Executive Summary
2. Scented Candle Market Characteristics
3. Scented Candle Market Trends And Strategies
4. Scented Candle Market – Macro Economic Scenario
5. Scented Candle Market Size And Growth
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26. Africa Scented Candle Market
27. Scented Candle Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Scented Candle Market
29. Scented Candle Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- California Exotic Novelties
- Colonial Candles
- CoScentrix
- Diptyque
- Himalayan Trading Post
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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