A candle is made of wax or other fuel, with a wick in it, and can continue to burn after being ignited. It provides light, and in some cases, a fragrance. It can also be used to provide heat, or as a method of keeping time. Candles are also used in festivals or other special days and places of worship etc.
Global Candle Products market is projected to reach US$ 8996.1 million in 2029, increasing from US$ 7231 million in 2022, with the CAGR of 2.8% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Candle Products market research.
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Global key players of candle products include Yankee Candle (Newell Brands), Western Alliance, Bancorporation, Bolsius, Universal Candle, Qingdao Kingking Applied Chemistry, Dalian Talent Gift Co.,Ltd., Vollmar, Gies Kerzen and Hyfusin, etc. Top 3 producers are Yankee Candle (Newell Brands), Western Alliance and Bolsius, holding a total share about 15%.
Europe is the largest market by region, with a market share around 40%, followed by North America (28%) and Asia-Pacific (20%).
Petroleum & mineral candle products gain the highest market share by raw materials, making up over 70%.
In terms of application, candle products are mainly used in traditional and craft field, where the latter one holds a share over 90%.
After years of development, the market of candle craft products has become relatively mature, and its overall market sales is not expected to soar. However, there is a tendency that candle products will be accepted as life accessories. Therefore, the industry is going to have a stable development prospect.
Scope of Candle Products Market Report:
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Segment by Type:
- Petroleum & Mineral
- Vegetable
- Animal
- Synthetic
Segment by Application:
- Traditional Field
- Craft Field
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Leading Key Players of Candle Products Market:
- Yankee Candle (Newell Brands)
- Western Alliance Bancorporation
- Bolsius
- Universal Candle
- Qingdao Kingking Applied Chemistry
- Dalian Talent Gift Co.,Ltd.
- Vollmar
- Gies Kerzen
- Hyfusin
- Empire Candle
- Zhongnam
- Diptqyue
- Dandong Everlight Candle Industry
- Allite
- Fushun Pingtian Wax products
- Armadilla Wax Works
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The Candle Products report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Country Level Sales Analysis
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6: Manufacturers’ Outline
Chapter 7: Industry Chain, Market Channel and Customer Analysis
Chapter 8: Market Opportunities and Challenges
Chapter 9: Market Conclusions
Chapter 10: Research Methodology and Data Source
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