IMARC Group, a leading market research company, has recently releases report titled “Scented Candles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global scented candles market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the scented candles market?
Report Attributes | Details |
Market Size in 2022 | US$ 489.4 Million |
Market Forecast in 2028 | US$ 678.2 Million |
Growth rate (2023 to 2028) | CAGR of 5.50% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is scented candles market?
A scented candle is blended with a natural or synthetic fragrant material that releases a delightful scent while burning. They compose wax, fragrance oil, and a wick. Some of the popular scent types include fruity, flowery, baked goods, and earthy. They provide benefits, such as reducing stress, promoting calmness, and enhancing mood. In addition to this, they can be manufactured in various shapes, sizes, fragrances, and colors. As a result, they find extensive employment in aromatherapies, spas, and residential and commercial complexes for creating a relaxing and soothing atmosphere.
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What are the growth prospects and trends in the scented candles industry?
The global market for scented candles is experiencing substantial growth, driven by the rising prevalence of mental health conditions, such as depression, anxiety, and stress. Moreover, the growing focus on mental health and the increasing adoption of aromatherapy for treating various psychological and physical conditions are contributing to the market growth. Additionally, the easy product availability on e-commerce websites, coupled with fast shipping facilities and innumerable payment options, are propelling the market growth. Furthermore, the inflating purchasing power of individuals and the surging penetration of high-speed internet connectivity are boosting the market growth. In line with this, key product manufacturers are introducing organic and eco-friendly variants in innovative fragrances, such as lavender, grapefruit, lemon, rose, fig, basil, sage, sandalwood, pine, caramel, and chocolate, to expand their product portfolio, which is creating a positive outlook for the market.
Scented Candles Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the scented candles market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Bath & Body Works Inc.
- Bolsius International B.V.
- Bridgewater Candle Company
- Candle-lite Company
- Conscious Candle Company
- Diptyque
- Lalique Group
- Mvp Group International Inc.
- NEST New York, S. C. Johnson & Son Inc.
- Stonewall Kitchen
- The Estee Lauder Companies Inc.
- The Yankee Candle Company Inc. (Newell Brands)
- Thymes LLC, etc
Key Market Segmentation:
The report has segmented the scented candles market on the basis of IC type, application and region.
Breakup by Product Type:
- Container-Based
- Pillar
- Others
Breakup by Category:
- Mass
- Premium
Breakup by Raw Material:
- Paraffin Wax
- Soy Wax
- Beeswax
- Others
Breakup by Distribution Channel:
- Hypermarket and Supermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Article source: https://article-realm.com/article/Business/43970-Scented-Candles-Market-Share-Size-Trends-Industry-Insights-and-Forecast-2023-2028.html
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