IMARC Group, a leading market research company, has recently released report titled “Scented Candles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global scented candles market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the scented candles market?
The global scented candles market size reached US$ 516.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 805.2 Million by 2032, exhibiting a growth rate (CAGR) of 5.06% during 2024-2032.
Factors Affecting the Growth of the Scented Candles Industry:
- Rising consumer demand for aromatherapy and wellness:
One of the main factors driving the scented candles market is the increasing consumer interest in aromatherapy and overall wellness. Scented candles are often used in aromatherapy for their potential to influence mood and emotional well-being. Different scents, such as lavender for relaxation or citrus for energy, appeal to consumers seeking holistic approaches to stress management and mental health. The wellness trend has led to a growing preference for products that offer therapeutic benefits, making scented candles a popular choice for creating calming and inviting home environments.
- Increasing focus on home ambiance and interior aesthetics:
Another significant factor is the heightened focus on home ambiance and interior design. Consumers are increasingly looking to create personalized and aesthetically pleasing spaces, with scented candles serving both functional and decorative purposes. The wide variety of scents, designs, and packaging allows consumers to choose candles that complement their home decor and reflect their personal style. This trend is further fueled by social media platforms, where influencers and home decor enthusiasts showcase aesthetically curated living spaces, often featuring scented candles as a key element.
- Expansion of product offerings and innovations:
The expansion of product offerings and innovations in the scented candles market also plays a crucial role in driving growth. Manufacturers are continuously developing new fragrances, blends, and candle formats to attract a diverse consumer base. There is an emphasis on high-quality, natural ingredients, such as soy or beeswax, appealing to environmentally conscious consumers. Additionally, innovations like wooden wicks, which create a crackling sound reminiscent of a fireplace, or candles with dual scents that evolve as they burn, add to the sensory experience and attract novelty-seeking customers. Seasonal and limited-edition collections also create excitement and urgency among consumers, encouraging repeat purchases and brand loyalty.
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Scented Candles Market Report Segmentation:
Breakup By Product:
- Container-Based
- Pillar
- Others
Container-based represent the largest segment because they offer safety and versatility, making them popular for home use.
Breakup By Category:
- Mass
- Premium
Premium holds the largest market share as it appeals to consumers seeking high-quality, luxury items with unique scents and sophisticated packaging.
Breakup By Raw Material:
- Paraffin Wax
- Soy Wax
- Beeswax
- Others
Paraffin wax dominates the market due to its affordability, availability, and ability to hold a high fragrance load.
Breakup By Distribution Channel:
- Hypermarket and Supermarkets
- Convenience Stores
- Online Stores
- Others
Hypermarkets and supermarkets account for the largest market share since they provide convenient access and a wide variety of scented candles to a large customer base.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America leads the market due to high consumer spending on home decor and wellness products, along with the strong market presence of key brands.
Global Scented Candles Market Trends:
The growth of the scented candles market is also driven by increasing consumer interest in eco-friendly products, with many opting for candles made from sustainable materials. Additionally, the rise of experiential retail and personalized gifting options further enhances the appeal and demand for scented candles in diverse settings. Furthermore, the surging popularity of home fragrance as a key element in lifestyle branding, with brands offering unique, customizable scents is creating a positive outlook for market expansion. Apart from this, e-commerce platforms facilitate easy access to niche products, expanding consumer choices and driving sales across diverse demographics.
Some of these key players include:
- Bath & Body Works Inc.
- Bolsius International B.V.
- Bridgewater Candle Company
- Candle-lite Company
- Conscious Candle Company
- Diptyque
- Lalique Group
- Mvp Group International Inc.
- NEST New York, S. C. Johnson & Son Inc.
- Stonewall Kitchen
- The Estee Lauder Companies Inc.
- The Yankee Candle Company Inc. (Newell Brands)
- Thymes LLC, etc
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