Quick Summary:
The global Scented Candles market's significant growth prospects demand attention from savvy business leaders. Estimated at US$534.7 Million in 2022 and expected to reach $677.8 Million by 2030, the market holds great potential for those willing to invest. Key drivers of this growth include evolving consumer preferences and a heightened focus on personal wellbeing, which is driving the demand for home fragrance products like scented candles.
Our meticulously designed market research report offers an in-depth analysis of this burgeoning market, breaking down the potential in various segments such as Container-Based and Pillars. Moreover, we illuminate the growth trajectory across a range of geographic markets, including the U.S., China, Japan, Canada, Germany, and the Asia-Pacific region. Accompanied by insights on select competitors, our report serves as a vital tool for formulating strategic decisions, helping you seize opportunities and stay ahead of the curve in the competitive Scented Candles market.
Global Scented Candles Market to Reach $677.8 Million by 2030
The global market for Scented Candles estimated at US$534.7 Million in the year 2022, is projected to reach a revised size of US$677.8 Million by 2030, growing at a CAGR of 3% over the analysis period 2022-2030. Container-Based, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$387.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pillars segment is readjusted to a revised 2.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $145.7 Million, While China is Forecast to Grow at 5.1% CAGR
The Scented Candles market in the U.S. is estimated at US$145.7 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$133.6 Million by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$87.4 Million by the year 2030.Select Competitors (Total 19 Featured) -
- Bath and Body Works
- California Exotic Novelties
- CoScentrix
- diptyque
- Gellite Gel Candles
- Himalayan Trading Post
- Lee Naturals
- LELO
- Magnolia Scents by Design
- Mels Candles
- Net-a-Porter
- Northern Lights Candles
- Paddywax
- PandG
- Reckitt Benckiser
- Southern Made Candles
- Soy Works Candle Company
- Stand Around Creations
- Tatine
- The Gel Candle Company
- The Yankee Candle Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Scented Candles?
What is the growth rate of the Global Market for Scented Candles?
What is the forecasted size of the Global Market for Scented Candles?
Who are the key companies in the Global Market for Scented Candles?
| Report Attribute | Details |
|---|---|
| No. of Pages | 82 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 534.7 Million |
| Forecasted Market Value ( USD | $ 677.8 Million |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Bath and Body Works
- California Exotic Novelties
- CoScentrix
- diptyque
- Gellite Gel Candles
- Himalayan Trading Post
- Lee Naturals
- LELO
- Magnolia Scents by Design
- Mels Candles
- Net-a-Porter
- Northern Lights Candles
- Paddywax
- PandG
- Reckitt Benckiser
- Southern Made Candles
- Soy Works Candle Company
- Stand Around Creations
- Tatine
- The Gel Candle Company
- The Yankee Candle Company
