Jun 14, 2022

| Increasing Adoption of Candles for Special Occasions to Boost Growth | Technavio News provided by Share this article Share this article NEW YORK, June 14, 2022 /PRNewswire/ -- The candle market will be driven by factors such as the increasing adoption of candles for special occasions. Candles are used on occasions such as festivities, religious events, social gatherings, and festivals. They are also being used in commercial settings. Moreover, the popularity of candle massage is growing for relieving back pain, osteoarthritis, headaches, and anxiety. Technavio has announced its latest market research report titledCandle Market by Product and Geography - Forecast and Analysis 2021-2025 The candle market size is expected to grow by USD 3.40 mn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 8.18% during the forecast period, according to Technavio. Candle Market 2021-2025 : Scope Candle Market 2021-2025 : Market Trend The rising use of wooden wicks is one of the trends in the market. Wooden wicks are small strips or tubes of wood made for candlewick applications. They can be manufactured from a variety of woods and are available in various widths. They are eco-friendly, sustainable, and free of toxins and phthalates. Wood wick candles are considered more appealing than cotton wicks. They burn slower, transfer heat more quickly into the wax, and spread more aroma throughout a room. Candle Market 2021-2025 : Vendor Analysis The candle market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. Bolsius International BV, Diptyque SAS, Empire Candle Co. LLC, Nest New York, Reckitt Benckiser Group Plc, Stonewall Kitchen LLC, The Estee Lauder Co. Inc., The White Company, The Yankee Candle Co. Inc., and Thymes LLC are some of the major market participants. Technavio Insights Product Container Based: This segment will have significant market share growth during the forecast period. Container candles are candles that are sold in containers such as jars and tins. They are safer to burn and the containers can withstand the heat. owing to their self-contained nature. They are also more stable and hence are used during gatherings or outdoor celebrations. Pillars Geography North America: This region will account for the highest market growth during the forecast period. The growth of this region is attributed to factors such as the increasing demand for fancy candles during festive seasons and holidays such as Easter and Christmas. Moreover, market growth in this region will be faster than the growth of the market in other regions. The US and Canada are the key countries for the candle market in North America. Europe CAGR of the market during the forecast period 2021-2025 Detailed information on factors that will assist candle market growth during the next five years Estimation of the candle market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the candle market Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of candle market vendors Related Reports: Market growth 2021-2025 Performing market contribution Competitive landscape Companies profiled Bolsius International BV, Diptyque SAS, Empire Candle Co. LLC, Nest New York, Reckitt Benckiser Group Plc, Stonewall Kitchen LLC, The Estee Lauder Co. Inc., The White Company, The Yankee Candle Co. Inc., and Thymes LLC Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table Of Contents : 3 Market Sizing 3.2 Market segment analysis Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million) Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%) 4 Five Forces Analysis 4.2 Bargaining power of buyers Exhibit 09: Bargaining power of buyers 4.3 Bargaining power of suppliers Exhibit 10: Bargaining power of suppliers 4.4 Threat of new entrants Exhibit 11: Threat of new entrants 4.5 Threat of substitutes 4.6 Threat of rivalry 4.7 Market condition 5 Market Segmentation by Product 5.1 Market segments 5.2 Comparison by Product 5.3 Container based - Market size and forecast 2020-2025 Exhibit 17: Container based - Market size and forecast 2020-2025 ($ million) Exhibit 18: Container based - Year-over-year growth 2020-2025 (%) 5.4 Pillars - Market size and forecast 2020-2025 Exhibit 19: Pillars - Market size and forecast 2020-2025 ($ million) Exhibit 20: Pillars - Year-over-year growth 2020-2025 (%) 5.5 Others - Market size and forecast 2020-2025 Exhibit 21: Others - Market size and forecast 2020-2025 ($ million) Exhibit 22: Others - Year-over-year growth 2020-2025 (%) 5.6 Market opportunity by Product Exhibit 23: Market opportunity by Product 6 Customer landscape 7.2 Geographic comparison Exhibit 27: North America - Market size and forecast 2020-2025 ($ million) Exhibit 28: North America - Year-over-year growth 2020-2025 (%) 7.4 Europe - Market size and forecast 2020-2025 Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million) Exhibit 30: Europe - Year-over-year growth 2020-2025 (%) 7.5 APAC - Market size and forecast 2020-2025 Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million) Exhibit 32: APAC - Year-over-year growth 2020-2025 (%) 7.6 South America - Market size and forecast 2020-2025 Exhibit 33: South America - Market size and forecast 2020-2025 ($ million) Exhibit 34: South America - Year-over-year growth 2020-2025 (%) 7.7 MEA - Market size and forecast 2020-2025 Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million) Exhibit 36: MEA - Year-over-year growth 2020-2025 (%) 7.8 Key leading countries 7.9 Market opportunity by geography Exhibit 38: Market opportunity by geography ($ million) 8 Drivers, Challenges, and Trends 8.1 Market drivers 8.3 Market trends Exhibit 44: Market positioning of vendors 10.3 Bolsius International BV Exhibit 46: Bolsius International BV - Product and service Exhibit 47: Bolsius International BV - Key offerings 10.4 Diptyque SAS Exhibit 49: Diptyque SAS - Product and service Exhibit 50: Diptyque SAS - Key offerings 10.5 Empire Candle Co. LLC Exhibit 51: Empire Candle Co. LLC - Overview Exhibit 52: Empire Candle Co. LLC - Product and service Exhibit 53: Empire Candle Co. LLC - Key offerings 10.6 Nest New York Exhibit 55: Nest New York - Product and service Exhibit 56: Nest New York - Key offerings 10.7 Reckitt Benckiser Group Plc Exhibit 57: Reckitt Benckiser Group Plc - Overview Exhibit 58: Reckitt Benckiser Group Plc - Business segments Exhibit 59: Reckitt Benckiser Group Plc - Key offerings Exhibit 60: Reckitt Benckiser Group Plc - Segment focus 10.8 Stonewall Kitchen LLC Exhibit 62: Stonewall Kitchen LLC - Product and service Exhibit 63: Stonewall Kitchen LLC - Key offerings 10.9 The Estee Lauder Co. Inc. Exhibit 64: The Estee Lauder Co. Inc. - Overview Exhibit 65: The Estee Lauder Co. Inc. - Business segments Exhibit 66: The Estee Lauder Co. Inc. - Key offerings Exhibit 67: The Estee Lauder Co. Inc. - Segment focus 10.10 The White Company Exhibit 69: The White Company - Product and service Exhibit 70: The White Company - Key offerings 10.11 The Yankee Candle Co. Inc. Exhibit 71: The Yankee Candle Co. Inc. - Overview Exhibit 72: The Yankee Candle Co. Inc. - Product and service Exhibit 73: The Yankee Candle Co. Inc. - Key offerings 10.12 Thymes LLC