Candle Market Size And Forecast
According to Verified Market Research, the Global Candle Market was valued at USD 3.28 Billion in 2018 and is projected to reach USD 6.11 Billion by 2026, growing at a CAGR of 8.06% from 2019 to 2026.
Global Candle Market Outlook
That candle market is driven by the key factors such as an increase in usage of candles for special occasions such as marriage ceremonies or birthdays, festivals, events and others. Moreover, increase in usage of candles by therapists to create a peaceful ambiance in therapy rooms, lighting candles for medication and during prayers, and rise in popularity of scented candles and wax filled container candles are some other factors fueling the market growth. On the other hand, volatility in prices of raw materials and availability of several substitute products such as fairy lights, electric candles are the factors that might stagnate the market growth. Nevertheless, the evolution in e-commerce has created a huge opportunity for manufacturers and suppliers across the globe.
Global Candle Market Competitive Landscape
The Global Candle Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Yankee Candles, Thymes, White Barn Candles, Jo Malone, Village Candles, NEST, Slatkin & Co, Malin + Goetz, Colonial Candle, Diptyque.
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