Candle Market was valued at US$ 7.73 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.2% through 2022 to 2029, reaching nearly US$ 14.53 Bn.

Candle Market Overview :

The market overview of the Candle Market industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.

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Candle Market Report Scope and Research Methodology :

The research methodology employed in the report on the Candle market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.

The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Candle market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Candle market, which involves aggregating data from individual segments to arrive at a total market size estimate.

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Candle Market Regional Insights :

The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.

Segmentation :

This is a result of its capacity for delayed burning. These come in a variety of colours, including red, pink, yellow, purple, black, and many others, and are around 5 cm tall and 4 cm broad. They are stored on a glass holder to enhance their beauty when lit. During the forecast period of 2022–2029, these are the main advantages that propel the expansion of the votive candle segment in the worldwide market.

This is as a result of its low price and versatility in shaping. It is a petroleum by-product that can withstand water and is frequently used to create floating candles. Additionally, because of its semi-translucence and lack of colour, it can be coloured, giving it a decorative aspect. During the projection period, these are the major factors boosting the paraffin wax segment's growth worldwide.

This is because consumers in developing nations like Bangladesh, China, and India make significant purchases from neighbourhood and department stores. Customers who choose to make purchases through offline channels also have the option of physical confirmation because they can sample the fragrance prior to making a purchase. These are the variables that, throughout the course of the forecast period, will fuel the expansion of the offline channel segment in the global market.

Key Players :

• Vollmar GMBH
• Baltic Candles Ltd
• Bolsius International BV
• Delsbo Candle AB
• Diana Lys A/S
• Duni AB
• Erich Kopschitz GmbH
• Hansa Candle AS
• Bekro Chemie GMBH
• KORONA Candles S.A.
• Suomen Kerta Oy
• Yankee Candle Europe Ltd
• Affari AB
• BISPOL Sp. z o.o.
• Candle Scandinavia Group AB
• Ceras Roura
• Duffy & Scott Candlemakers Ltd
• Engels Kerzen GmbH
• Ester & Erik A/S
• Gebr. Müller Kerzenfabrik AG
• Korpiahon Hunaja Oy
• Kynttilä-Tuote Oy
• Liljeholmens Stearinfabriks AB
• Monterosa Zelandi Srl
• The Copenhagen Candle Company Limited
• VILA HERMANOS CERERÍA SA
• Seal Aromas Gmbh
• Contract Candles Ltd
• Spaas Candles Poland Sp Z O O
• Bartek Candles

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Key questions answered in the Candle Market are:

• What is Candle?

• What are the factors driving the Candle Market growth?

• What are the factors are limiting the Candle Market growth?

• What was the Candle market size in 2021?

• Which trends are expected to generate additional revenue for the Candle market growth?

• What are the recent industry trends that can be implemented to generate additional revenue streams for the Candle Market?

• What growth strategies are the players considering to increase their foothold in the Candle Market?

• Who held the largest market share in the Candle Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)

• Past Pricing and price curve by region (2018 to 2021)

• Market Size, Share, Size & Forecast by different segment | 2022−2029

• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region

• Market Segmentation – A detailed analysis by segment with their sub-segments and Region

• Competitive Landscape – Profiles of selected key players by region from a strategic perspective

  • Competitive landscape – Market Leaders, Market Followers, Regional player

  • Competitive benchmarking of key players by region

• PESTLE Analysis

• PORTER’s analysis

• Value chain and supply chain analysis

• Legal Aspects of business by region

• Lucrative business opportunities with SWOT analysis

• Recommendations

About Maximize Market Research:

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