Europe Luxury Candle Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Regular and Scented) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

The luxury candle market in Europe is expected to grow from US$ 114.99 million in 2021 to US$ 161.63 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The home furnishing and home decor sector has seen significant expansion in recent years, owing to an increase in people's interest in making their living spaces more pleasant and homely. Moreover, people spent more time inside their houses due to the outbreak of COVID-19 and stay-at-home mandates. As a result, many people began to redecorate and modify their homes. This resulted in increased sales of home decor items such as curtains, pillows, lamps, vases, and candles. Due to the closure of brick-and-mortar stores and the rising preference of many consumers for online retail platforms such as Amazon, e-commerce sales of home decor products increased dramatically. Consumers are looking for new ways to brighten up their living spaces; therefore, sales of home decor items are projected to increase significantly in the coming years. Candles are an important element of celebrations, festivities, and home decor. They enhance the ambiance and add a finishing touch to the overall decoration. Moreover, candles suit any home decor theme, which make them versatile home decor products. Thus, the rapidly expanding home decor industry is significantly boosting the growth of the Europe luxury candle market

In Europe, France, Russia, the UK, Italy, and Germany are among the worst-hit countries by the COVID-19 pandemic. These countries suffered from economic downfall due to restrictions on industrial activities because of lockdowns and border restrictions. The beauty and wellness industry across the region suffered huge losses as people preferred buying essential goods over non-essential and luxury commodities. However, the sales of scented candles surged in countries such as the UK, France, and Italy as people started engaging themselves in meditation, yoga, reading, and home decoration. This factor is projected to open lucrative opportunities for the luxury candle market across Europe.

Europe Luxury Candle Market Revenue and Forecast to 2028 (US$ Million)

Europe Luxury Candle Market Segmentation         

Europe Luxury Candle Market – By Type

• Regular
• Scented

Europe Luxury Candle Market – By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

Europe Luxury Candle Market– By Country

• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe

Europe Luxury Candle Market-Companies Mentioned

• Acqua di Parma S.r.l.
• Diptyque
• HERMES
• Louis Vuitton
• Maison Francis Kurkdjianare
• Newell Brands
• Parfums de Marly
• SISLEY
• The Estée Lauder Companies Inc.

Europe Luxury Candle Report Scope

1. Acqua di Parma S.r.l.
2. Diptyque
3. HERMES
4. Louis Vuitton
5. Maison Francis Kurkdjian
6. Newell Brands
7. Parfums de Marly
8. SISLEY
9. The Estée Lauder Companies Inc.

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Luxury Candle Market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Europe Luxury Candle Market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Luxury Candle Market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution