Scented Candles Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Scented Candles 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.
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.
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
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.
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