Candle Market Insights 2021 : [136 Pages Report] A candle is wax with an ignitable wick embedded that provides light, and in some cases, a fragrance. It can also be used to provide heat, or as a method of keeping time.

Global Candle key players include Yankee Candle (Newell Brands), Luminex Home Décor & Fragrance Holding Corporation, Bolsius, MVP Group International, Inc, etc. Global top four manufacturers hold a share about 40%.

Europe is the largest market, with a share about 35%, followed by China, and North America, both have a share over 40 percent.

In terms of product, Petroleum and Mineral is the largest segment, with a share nearly 75%. And in terms of application, the largest application is Craft Field, followed by Traditional Field.

Market Analysis and Insights: Global Candle Market

In 2020, the global Candle market size was USD 6149 million and it is expected to reach USD 8919.7 million by the end of 2027, with a CAGR of 5.5% during 2021-2027.

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Leading key players of Candle Market are Yankee Candle (Newell Brands), Luminex Home Décor & Fragrance Holding Corporation, Bolsius, MVP Group International, Inc, Gies, Talent, Universal Candle, Qingdao Kingking Applied Chemistry Co., LTD, Vollmar, Empire Candle Co., LLC, Hyfusin Group Holdings Limited, Diptqyue, Zhongnam, Dandong Everlight Candle Industry Co., Ltd., Fushun Pingtian Wax products Co., ltd., Allite, Armadilla Wax Works

The opportunities for Candle in recent future is the global demand for Candle Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to comes up between 2021 and 2027 compared to a few years ago, signifying the rapid pace of change.

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Candle Market Type Segment Analysis (Market size available for years 2021-2027, Consumption Volume, Average Price, Revenue, Market Share and Trend 2015-2027):

  • Petroleum and Mineral, Vegetable, Animal, Synthetic

The major factors that Influencing the growth of Candle market is the incresing use of Candle in Traditional Field, Craft Field and other Industries

Regions that are expected to dominate the Candle market are North America, Europe, Asia-Pacific, South America, Middle East and Africa and others

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