A new Report by Delvens, titled "Scented Candles Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global scented candles market size was valued at USD 533.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% to 2028.
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A scented candle is a candle that has a blend of natural or synthetic scented. Aroma or fragrance of scented candle can be extracted from the plants, essential oil, and fragrant chemicals. Essential oils are obtained from different sources like flowers and trees. Whereas, fragrant chemicals are extracted from animal sources and petroleum. The scented candles generate fragrance when the candle wax gets heated. They are used for aromatherapy, home decor, and have other effects like stress relive. The scented candles are founded in many designs, shapes, sizes, and fragrances.
An increase in the number of hotels, restaurants, wellness facilities, and religious institutions are some of the factors that have supported long-term expansion for Scented Candles Market.
Key Players of Scented Candles Market
· Village Candle
· Portmeirion Group PLC
· Newell Brands
· MVP Group International, Inc.
· Estée Lauder Companies Inc.
· Diptyque Paris
· Lalique Group SA L Brands
· NEST New York Thymes, LLC and More
Regional Analysis
North America dominated the scented candles market and accounted for the largest revenue share of more than 33.0% in 2020. Although the demand for HDHT goods, including scented candles, was hit during the initial phase of the pandemic, the demand for the same picked up as consumers began to focus on their personal health and wellbeing and spending on small indulgences.
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Recent Developments
June 8, 2020 -- Lead producer of fragranced candles, Maine-based, Village Candle, announced the launch of its new Gentlemen's Collection. Featured in contemporary three-wick bowls with a black metal lid, this collection includes seven total fragrance options including Bergamot & Amber and Spiced Tobac & Honey.
December, 2018 American brand Village Candle has confirmed a brand re-launch in the UK market, demonstrating the company’s commitment to not only being among the leading manufacturers of quality home fragrance products, but also taking responsibility for building the Village Candle brand through direct partnerships with valued buyers and stockists.
Scented Candles Market is segmented into product outlook, distribution channel and region.
On the basis of Product Outlook
· Container-based
· Pillar
· Others
On the basis of Distribution Channel
· Supermarkets and Hypermarkets
· Convenience stores
· Online
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
In addition to the market data for Scented Candles Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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