Market Overview:
The global scented candle market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the global scented candle market can be attributed to various factors such as increase in disposable income, rising demand for aromatherapy, and growing awareness about benefits of scented candles. Based on type, the global scented candle market is segmented into animal wax, vegetable wax, petroleum & mineral wax and synthetic wax. Animal Wax accounted for the largest share in 2017 and is projected to grow at a CAGR of 5.4% during the forecast period 2018-2030. This can be attributed to increasing demand from luxury hotels and restaurants across the globe.
Product Definition:
A scented candle is a type of candle that releases fragrance when burned. They are made of wax and often have a wick in the center, which is lit to create heat. This heat melts the wax around the wick, and as it does so, it releases vaporized fragrance particles into the air.
Animal Wax:
Animal wax is a by-product obtained from the processing of cattle and swine stomachs. It is also known as carnauba wax or palm oil wax. The product finds application in various industries such as cosmetics, pharmaceuticals, food & beverages and even in the manufacturing of rubber tires.
Vegetable Wax:
Vegetable wax is a natural wax produced from the chlorination process of vegetable oils. The most commonly used raw materials for producing vegetable wax are palm, rapeseed, and soy oil. Vegetable waxes have high melting points ranging from 40°C to 50°C and low viscosity making it ideal for use in manufacturing various products such as deodorants, cosmetics & toiletries and pharmaceuticals among others.
Application Insights:
The commercial use segment dominated the global scented canle market in 2017, accounting for over 60% of the overall revenue share. The segment is projected to witness significant growth over the forecast period owing to rising demand from various end-use industries including hospitality, food and beverages and pet care.
The product has a wide scope in pet care as it helps mask unpleasant odor caused by feces or urine. It is also used in kennels and animal boarding houses as it masks strong animal odors with pleasant fragrance. In addition, these products are widely used at airports as they help mask perfumes and other scents that may annoy passengers while traveling or waiting for their flight. These factors are expected to drive demand from commercial applications over the forecast period thereby propelling overall industry growth during this timeframe.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for scented canles from U.S., Canada, and Mexico. The region is expected to witness significant growth over the forecast period on account of increasing home use as well as commercial usage of candles.
Asia Pacific is anticipated to be one of the fastest-growing regional markets due to rising disposable income levels, expanding middle-class population base, and growing tourism industry in countries such as China and India. Furthermore, rapid urbanization coupled with changing lifestyles will drive product demand further driving growth in this region over the forecast period.
Growth Factors:
- Increasing demand for luxury and premium products: The global scented candle market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand for luxury and premium products across the globe.
- Rising disposable income: The growth of the scented candle market is also driven by rising disposable incomes, especially in developing countries such as India and China. This has led to an increase in demand for high-end candles with unique fragrances.
- Growing popularity of aromatherapy: Aromatherapy is gaining popularity as a means to improve mental and physical health, which is driving demand for scented candles globally. Candles that are made using essential oils provide various health benefits such as stress relief, improved sleep quality, etc., thereby boosting their sales significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Scented Canle Market Research Report
By Type
Animal Wax, Vegetable Wax, Petroleum & Mineral Wax, Synthetic Wax
By Application
Home Use, Commercial Use
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Scented Canle Market Report Segments:
The global Scented Canle market is segmented on the basis of:
Types
Animal Wax, Vegetable Wax, Petroleum & Mineral Wax, Synthetic Wax
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report 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
Highlights of The Scented Canle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Animal Wax
- Vegetable Wax
- Petroleum & Mineral Wax
- Synthetic Wax
- By Application:
- Home Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Scented Canle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Scented Canle is a type of cane that releases a pleasant fragrance when tapped.
Some of the major companies in the scented canle market are Yankee Candle (Newell Brands), Luminex Home D©cor & 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 scented canle market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Scented Canle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Scented Canle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Scented Canle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Scented Canle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Scented Canle Market Size & Forecast, 2020-2028
4.5.1 Scented Canle Market Size and Y-o-Y Growth
4.5.2 Scented Canle Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Animal Wax
5.2.2 Vegetable Wax
5.2.3 Petroleum & Mineral Wax
5.2.4 Synthetic Wax
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Scented Canle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Scented Canle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Animal Wax
9.6.2 Vegetable Wax
9.6.3 Petroleum & Mineral Wax
9.6.4 Synthetic Wax
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Animal Wax
10.6.2 Vegetable Wax
10.6.3 Petroleum & Mineral Wax
10.6.4 Synthetic Wax
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Animal Wax
11.6.2 Vegetable Wax
11.6.3 Petroleum & Mineral Wax
11.6.4 Synthetic Wax
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Animal Wax
12.6.2 Vegetable Wax
12.6.3 Petroleum & Mineral Wax
12.6.4 Synthetic Wax
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Animal Wax
13.6.2 Vegetable Wax
13.6.3 Petroleum & Mineral Wax
13.6.4 Synthetic Wax
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Scented Canle Market: Competitive Dashboard
14.2 Global Scented Canle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yankee Candle (Newell Brands)
14.3.2 Luminex Home Décor & Fragrance Holding Corporation
14.3.3 Bolsius
14.3.4 MVP Group International, Inc
14.3.5 Gies
14.3.6 Talent
14.3.7 Universal Candle
14.3.8 Qingdao Kingking Applied Chemistry Co., LTD
14.3.9 Vollmar
14.3.10 Empire Candle Co., LLC
14.3.11 Hyfusin Group Holdings Limited
14.3.12 Diptqyue
14.3.13 Zhongnam
14.3.14 Dandong Everlight Candle Industry Co., Ltd.
14.3.15 Fushun Pingtian Wax products Co., ltd.
14.3.16 Allite
14.3.17 Armadilla Wax Works
