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In 2022, the scented candle market was estimated to be worth $3.23 billion. By 2030, the scented candles market is expected to be worth $4.18 billion, up from an estimated $3.24 billion in 2023. This represents a CAGR (compound annual growth rate) of 6.80% between 2023 and 2030. Increases in the number of spas and massage parlors, in consumer awareness of these products, and in the consumption of candles for home decoration are just some of the major market drivers influencing the growth of the scented candles market.
The market expansion is related to an increase in the number of hotels, restaurants, wellness facilities, and religious institutions. There has been a rise in home improvement and home decorating projects as disposable incomes have grown. Since the pandemic has caused many people to spend more time than usual at home, there has been a rise in the number of people who are interested in improving their living conditions there. 2020 will see the rise in popularity of sculpture-scented candles and candles in organic shapes.
With more money in people's pockets, they are spending it on things like house improvement and decorating. As a result of the pandemic, many individuals are spending more time at home than usual, and as a result, they are looking for ways to improve their living conditions there. Some of the popular 2020 trends adopted by consumers are sculptural scented candles and organically formed candles. During the forecast period, the market for environmentally friendly candles is expected to expand, leading to higher earnings.
Scented candles have a wide range of applications, from the home to the workplace. The demand for scented candles in the residential sector has been fuelled by a rise in home renovation and home décor activities. Spas and other commercial establishments commonly employ scented candles for their therapeutic benefits. Market participants are working on providing novel, pleasing aromas to clients as a means of increasing their share of the market. Several businesses have also raised their spending on research and development in order to produce superior goods.
In the year 2020, twisted candles were a fashionable style. These candles may be formed into any desired form; they are colorful, practical, aesthetically pleasing, and adaptable. Lex Pott, a Dutch designer, is well-known in the candle industry for creating the iconic Pillar candles sold by Hay. The designer's twisted candle gained popularity towards the end of 2019 and erupted on social media in 2020. Areaware claims that sales of sculptural candles were already on the rise before the outbreak, but saw a dramatic increase as people stayed indoors more during the lockdown.
Since scented candles are considered a luxury item, their demand and sales were negatively impacted by the COVID-19 pandemic. As a result, few people ever buy scented candles. However, after the epidemic, shoppers showed an interest in purchasing scented candles, both as presents for special occasions and to enhance the aesthetics of their own houses. The proliferation of new lodging options, dining spots, spas, and places of worship is fueling the industry's expansion. Scent candles, in particular, have been shown to have a positive effect on people's well-being. As a result, many individuals are treating themselves by purchasing fragrant candles and giving them as presents.
Rising expenditures on interior design have contributed significantly to the market's expansion. Increased disposable income, rapid industrialization, increasing urbanization, increasing employment, and steady investment growth are all factors that impact new residential construction activity. Consistent government aid in the form of easily accessible loan and tax exemption schemes also adds greatly to rising demand for brand new dwellings. Home improvement spending has been on the rise as a result. Decors benefit immensely from the addition of fragrant candles. Many countries have made considerable progress in recent years in producing environmentally friendly, energy efficient houses. The Sierra Crest neighborhood of Fontana, California, has built 20 solar-powered homes in an effort to become the first "zero net energy usage" neighborhood in the state. The program has the potential to boost demand for green furnishings and decorations like scented candles. This is the primary reason responsible for the market's CAGR.
Report Coverage
Global Scented Candles research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Scented Candles report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Scented Candles competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Scented Candles market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Scented Candles market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Scented Candles market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Candle-lite (U.S.), Reckitt Benckiser Group plc (U.K.), Zhong Nam Industrial (China), The Procter & Gamble Company (U.S.), Empire Candle Co., LLC (U.S.), L Brands, Inc. (U.S.), BeCandle (India), Newell Brands (U.S.), C. Johnson & Son, Inc (U.S.), Conscious Candle Company (U.S.), The Yankee Candle Company (U.S.), Bolsius International BV (France), Welburn Candles Pvt Ltd (U.K.), Colonial Candle (U.K.), Brandt Kaarsen (Spain)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Scented Candles market based on the below-mentioned segments:
Global Scented Candles Market, By Type
Synthetic Wax
Paraffin Wax
Vegetable Wax
Animal Wax
Global Scented Candles market, By Category
Mass
Premium
Global Scented Candles Market, By Distribution Channel
Store-Based
Non-Store-Based
Global Scented Candles market, Regional Analysis
The market expansion is related to an increase in the number of hotels, restaurants, wellness facilities, and religious institutions. There has been a rise in home improvement and home decorating projects as disposable incomes have grown. Since the pandemic has caused many people to spend more time than usual at home, there has been a rise in the number of people who are interested in improving their living conditions there. 2020 will see the rise in popularity of sculpture-scented candles and candles in organic shapes.
With more money in people's pockets, they are spending it on things like house improvement and decorating. As a result of the pandemic, many individuals are spending more time at home than usual, and as a result, they are looking for ways to improve their living conditions there. Some of the popular 2020 trends adopted by consumers are sculptural scented candles and organically formed candles. During the forecast period, the market for environmentally friendly candles is expected to expand, leading to higher earnings.
Scented candles have a wide range of applications, from the home to the workplace. The demand for scented candles in the residential sector has been fuelled by a rise in home renovation and home décor activities. Spas and other commercial establishments commonly employ scented candles for their therapeutic benefits. Market participants are working on providing novel, pleasing aromas to clients as a means of increasing their share of the market. Several businesses have also raised their spending on research and development in order to produce superior goods.
In the year 2020, twisted candles were a fashionable style. These candles may be formed into any desired form; they are colorful, practical, aesthetically pleasing, and adaptable. Lex Pott, a Dutch designer, is well-known in the candle industry for creating the iconic Pillar candles sold by Hay. The designer's twisted candle gained popularity towards the end of 2019 and erupted on social media in 2020. Areaware claims that sales of sculptural candles were already on the rise before the outbreak, but saw a dramatic increase as people stayed indoors more during the lockdown.
Since scented candles are considered a luxury item, their demand and sales were negatively impacted by the COVID-19 pandemic. As a result, few people ever buy scented candles. However, after the epidemic, shoppers showed an interest in purchasing scented candles, both as presents for special occasions and to enhance the aesthetics of their own houses. The proliferation of new lodging options, dining spots, spas, and places of worship is fueling the industry's expansion. Scent candles, in particular, have been shown to have a positive effect on people's well-being. As a result, many individuals are treating themselves by purchasing fragrant candles and giving them as presents.
Rising expenditures on interior design have contributed significantly to the market's expansion. Increased disposable income, rapid industrialization, increasing urbanization, increasing employment, and steady investment growth are all factors that impact new residential construction activity. Consistent government aid in the form of easily accessible loan and tax exemption schemes also adds greatly to rising demand for brand new dwellings. Home improvement spending has been on the rise as a result. Decors benefit immensely from the addition of fragrant candles. Many countries have made considerable progress in recent years in producing environmentally friendly, energy efficient houses. The Sierra Crest neighborhood of Fontana, California, has built 20 solar-powered homes in an effort to become the first "zero net energy usage" neighborhood in the state. The program has the potential to boost demand for green furnishings and decorations like scented candles. This is the primary reason responsible for the market's CAGR.
Report Coverage
Global Scented Candles research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Scented Candles report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Scented Candles competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Scented Candles market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Candle-lite (U.S.), Reckitt Benckiser Group plc (U.K.), Zhong Nam Industrial (China), The Procter & Gamble Company (U.S.), Empire Candle Co., LLC (U.S.), L Brands, Inc. (U.S.), BeCandle (India), Newell Brands (U.S.), C. Johnson & Son, Inc (U.S.), Conscious Candle Company (U.S.), The Yankee Candle Company (U.S.), Bolsius International BV (France), Welburn Candles Pvt Ltd (U.K.), Colonial Candle (U.K.), Brandt Kaarsen (Spain) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Scented Candles Market from 2021 to 2030.
- Market Forecast for Scented Candles Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Scented Candles competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Scented Candles
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Scented Candles market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Scented Candles market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Candle-lite (U.S.), Reckitt Benckiser Group plc (U.K.), Zhong Nam Industrial (China), The Procter & Gamble Company (U.S.), Empire Candle Co., LLC (U.S.), L Brands, Inc. (U.S.), BeCandle (India), Newell Brands (U.S.), C. Johnson & Son, Inc (U.S.), Conscious Candle Company (U.S.), The Yankee Candle Company (U.S.), Bolsius International BV (France), Welburn Candles Pvt Ltd (U.K.), Colonial Candle (U.K.), Brandt Kaarsen (Spain)
Primary Target Market
- Market Players of Scented Candles
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Scented Candles market based on the below-mentioned segments:
Global Scented Candles Market, By Type
Synthetic Wax
Paraffin Wax
Vegetable Wax
Animal Wax
Global Scented Candles market, By Category
Mass
Premium
Global Scented Candles Market, By Distribution Channel
Store-Based
Non-Store-Based
Global Scented Candles market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The 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 Middle East & Africa
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