Scented Candles Market Dynamics and Developments by 2031

MARKET INTRODUCTION

Scented candles are used to eliminate foul odours from one's environment. Scented candles aid in creating a calming ambiance, which helps in the attainment of a meditative state of mind. Blueberry, chocolate, caramel, roses, lavender, vanilla, lemon, cherries, cedar, and balsam are some of the most popular scented candles. 

MARKET DYNAMICS

The rise in interest in interior design and the increased use of candles in home decor drive the global scented candle market's growth. Increased demand for eco-friendly and organic candles may contribute to the worldwide market's expansion. When some wax is burned, toxic chemicals are released, causing asthma, allergies, and skin problems. It could be a disadvantage of scented candles, limiting the global scented candle market's growth. The introduction of organic candles increased awareness of organic candles, and new design candles will help global market expansion.

MARKET SCOPE

The "Scented Candles Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the scented candles market with detailed market segmentation by product and distribution channel. The global scented candles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading scented candles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

By Product Type

•    Synthetic Wax
•    Paraffin Wax
•    Vegetable Wax
•    Animal Wax

By Distribution Channel

•    Hypermarkets/Supermarkets
•    Convenience Stores
•    Online Retail Stores

REGIONAL FRAMEWORK 

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global scented candles market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The scented candles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the scented candles market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the scented candles market in these regions.

MARKET PLAYERS

The report covers vital developments in the scented candles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the scented candles market are anticipated to lucrative growth opportunities in the future with the rising demand for scented candles in the global market. Below mentioned is the list of few companies engaged in the scented candles market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the scented candles market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•    Newell Brand
•    KORONA Candles Sp. z o.o.
•    Gala-kerzen.de.
•    The Very Good Candle Company
•    Goose Creek Candle
•    The Copenhagen Candle Company LTD
•    Broken Top Candle Company
•    Bridgewater Candle Company
•    Kringle Candle Company
•    Yankee Candle Company      
         
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Scented Candles Report Scope