New York, United States , April 10, 2024 (GLOBE NEWSWIRE) -- The Global Scented Candles Market Size is expected to Grow from USD 3.24 Billion in 2023 to USD 4.75 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.9% during the projected period.
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Scented candles are those that have been filled with aroma oils or scents and produce a relaxing odor when lit. These candles tend to be made with a combination of wax, fragrant oils, and, in some cases, essential oils. Once the candle is ignited the wax melts and the aroma disperses into the atmosphere. Scented candles can help eradicate unfavorable scents from specific regions. Scented candles promote relaxation and help people achieve a state of meditation for the mind. In addition, the sector is growing due to an increase in the number of hotels, restaurants, spa centers, and religious organizations. The global scented candle market is predicted to expand substantially as fitness facilities and social media influencers encourage stress-relieving activities such as yoga and meditation. Other than that, on a microscopic level, a dedicated community of candle consumers and collectors who appreciate the originality and workmanship of scented candles boosts the industry's overall growth. However, consumers have become more conscious of the health hazards associated with the use of scented candles. Certain scented candles include toxic chemicals and volatile organic compounds (VOCs), which can cause allergies and respiratory problems, especially in sensitive people.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Scented Candles Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Pillars, Container-Based, Others), By Wax Type (Soy Wax, Blended, Beeswax, Paraffin Wax, Palm Wax), By Distribution Channel (Online Stores, Hypermarkets & Supermarkets, Convenience Stores, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023–2033)."
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The container-based segment is expected to grow at a rapid pace in the global scented candles market during the forecast period.
Based on the product type, the global scented candles market is divided into pillars, container-based, and others. Among these, the container-based segment is expected to grow at a rapid pace in the global scented candles market during the forecast period. These scented candles are ideal for attaining the proper tone and environment for an event. Soothing scents are preferred by millennials who want to hold onto a sense of calm and a positive mood. These candles burn more effectively than traditional scented candles since the melted wax remains in the container and might be re-lit, resulting in no wax waste.
The paraffin wax segment is expected to grow at a rapid pace in the global scented candles market during the forecast period.
Based on the wax type, the global scented candles market is divided into soy wax, blended, beeswax, paraffin wax, and palm wax. Among these, the paraffin wax segment is expected to grow at a rapid pace in the global scented candles market during the forecast period. The scented candle market prefers paraffin wax for scented candles because it is more readily available and portable than other wax forms. The players in this market are focused on blending paraffin wax with unique perfumes that appeal to their intended consumers.
The hypermarkets & supermarkets segment is expected to hold the greatest share of the global scented candles market during the forecast period.
Based on the distribution channel, the global scented candles market is divided into online stores, hypermarkets & supermarkets, convenience stores, and others. Among these, the hypermarkets & supermarkets segment is expected to hold the greatest share of the global scented candles market during the forecast period. Hypermarkets and supermarkets stock a wide range of scented candles to fulfill a range of consumer demands, from affordable mass-market options to more exclusive, premium brands. They also provide an actively involved shopping experience, allowing people to physically check items, appraise quality, and smell scents before making a purchase.
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North America is expected to hold the highest share of the global scented candles market over the forecast period.
North America is expected to hold the highest share of the global scented candles market over the forecast period. Consumers possess significant disposable income, which is combined with a strong feeling of individual wellness and home style. Further, the emergence of a huge consumer base who like the environment and smell that scented candles provide is driving market growth. In addition, the region is host to several well-known candle manufacturers and artisanal brands, which are fueling market expansion. The region is expected to maintain its market dominance throughout the projection period, primarily due to the increasing popularity of spa and massage parlors in Canada and the United States.
Europe is predicted to grow at the fastest pace in the global scented candles market during the projected timeframe. Candles are utilized at restaurants, hotels, and tourist sites. Furthermore, it is a region where aromatic therapy with scented candles is popular. Additionally, candle manufacturers are responding to natural home décor demands by using natural ingredients such as soy wax and beeswax, which is expanding the UK sector.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global scented candles market include Archipelago Botanicals, Illume Candle, Jo Malone London, Bath & Body Works LLC, Yankee Candle Company Inc., Village Candle, Diptyque Paris, The White Company, VOLUSPA, Cire Trudon, Capri Blue, NEST New York, Thymes LLC, L Brands, and Others.
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Recent Developments
- In February 2024, the most recent scent, Tuscan Grove, was recently released by The White Company. The latest scent is available in a range of products at The White Company like scented candles, room spray, body care products, and more.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Scented Candles Market based on the below-mentioned segments:
Global Scented Candles Market, By Product Type
- Pillars
- Container-Based
- Others
Global Scented Candles Market, By Wax Type
- Soy Wax
- Blended
- Beeswax
- Paraffin Wax
- Palm Wax
Global Scented Candles Market, By Distribution Channel
- Online Stores
- Hypermarkets & Supermarkets
- Convenience Stores
- Others
Global Scented Candles Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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