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 marketIn 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)
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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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
3.2.8 Limitations & Assumptions
4. Europe Luxury Candle Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Expert Opinion
5. Europe Luxury Candle Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Inclusion of Luxury Candles in Self-Care Routines
5.1.2 Rising Home Decor Industry
5.2 Market Restraints
5.2.1 Availability of Low-Priced Products
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Rising Social Media Influence and Rising Penetration of E-commerce Platforms
5.5 Impact Analysis of Drivers and Restraints
6. Luxury Candle – Europe Market Analysis
6.1 Europe Luxury Candle Market Overview
6.2 Europe Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Luxury Candle Market Analysis – By Type
7.1 Overview
7.2 Europe Luxury Candle Market, By Type (2020 and 2028)
7.3 Regular
7.3.1 Overview
7.3.2 Regular: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Scented
7.4.1 Overview
7.4.2 Scented: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Luxury Candle Market Analysis – By Distribution Channel
8.1 Overview
8.2 Europe Luxury Candle Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Luxury Candle Market – Country Analysis
9.1 Overview
9.1.1 Europe: Luxury Candle Market, by Key Country
9.1.1.1 Germany: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Luxury Candle Market, By Type
9.1.1.1.2 Germany: Luxury Candle Market, by Distribution Channel
9.1.1.2 France: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Luxury Candle Market, By Type
9.1.1.2.2 France: Luxury Candle Market, by Distribution Channel
9.1.1.3 Italy: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Luxury Candle Market, By Type
9.1.1.3.2 Italy: Luxury Candle Market, by Distribution Channel
9.1.1.4 UK: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Luxury Candle Market, By Type
9.1.1.4.2 UK: Luxury Candle Market, by Distribution Channel
9.1.1.5 Russia: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Luxury Candle Market, By Type
9.1.1.5.2 Russia: Luxury Candle Market, by Distribution Channel
9.1.1.6 Rest of Europe: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Luxury Candle Market, By Type
9.1.1.6.2 Rest of Europe: Luxury Candle Market, by Distribution Channel
10. Europe Luxury Candle Market - COVID-19 Impact Analysis
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 The Estée Lauder Companies Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Diptyque
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 SISLEY
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 HERMES
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Acqua di Parma S.r.l.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Newell Brands
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Parfums de Marly
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Louis Vuitton
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Maison Francis Kurkdjian
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. France Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Luxury Candle Market Segmentation
Figure 2. Europe Luxury Candle Market Segmentation – By Country
Figure 3. Europe Luxury Candle Market Overview
Figure 4. Europe Luxury Candle Market, By Type
Figure 5. Europe Luxury Candle Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Luxury Candle Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 11. Regular: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Scented: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Luxury Candle Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 14. Supermarkets and Hypermarkets: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Specialty Stores: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Online Retail: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe: Luxury Candle Market, by key Country– Revenue (2020) (US$ Million)
Figure 19. Europe: Luxury Candle Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. Germany: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. France: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Italy: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. UK: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Russia: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Europe: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Europe Country Markets
- Acqua di Parma S.r.l.
- Diptyque
- HERMES
- Louis Vuitton
- Maison Francis Kurkdjian
- Newell Brands
- Parfums de Marly
- SISLEY
- The Estée Lauder Companies Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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