Scented Candles Market Growing Awareness And New Aromas Can Offer More Growth Opportunities - Digital Journal

2022-08-19 20:08:50 By : Ms. Tina Wang

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The scented candles are available in the market in a myriad of sizes, shapes, and designs. The scented feature refers to the fragrances, scented oils infused in the candle materials to produce fragrance-infused candles, scented oil candles, and various other products. Recently, the demand for scented candles has risen to prominence due to their use in aromatherapy sessions and home décor in the hospitality sector. The different colors, shapes, aromas, and other significances are driving the popularity of these candles. Scented candles are handcrafted and natural, and they release a brilliant aromatic fragrance. Since the artisans avoid using wax materials and scents, these safe candles don’t produce any toxic residue. These candles can also be customized into any shape and form. As plant-based candles can offer various types of herbal oils, the demand in the market is growing.

For the past few years, the demand in the scented candle market has grown more due to organic candles. Since the natural scented candles don’t have carbon blackening effects, there is a surge in demand that can be estimated in the forecast year. The use of candles in festival restaurants is driving the market growth.

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As scented candles are associated with luxury, their cost price is high, which can be the major scented candles market growth restraint. However, the growing awareness of waterproof scented candles and new aromas can offer more growth opportunities in the forecast years.

On the basis of the global scented candles market research report, it is estimated to obtain a CAGR of 5.80% and acquire a market value of $4.22 Billion by 2030.

The scented candles market has various segments to it that are prominently affecting the growth of the market as well as bringing more scopes and opportunities. The major segments are product type, market category, user type, and others.

On the basis of scented candle product type, the scented candles market is further sub-segmented into animal wax, synthetic wax, vegetable wax, paraffin wax, and others.

According to the category segment, the scented candle market is divided into mass, premium, and other categories.

As per the market distribution channel, the scented candles market is classified into convenience stores, hypermarkets, supermarkets, and others.

Based on the user type segment, the scented candles market is bifurcated into an exporter, traders, and importers, candle providers, scented candle manufacturers, aromatherapy providers, and others.

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According to the geographical classification of the scented candles market, the global and regional fragmentation consists of North America, Asia Pacific, Europe, South America, and the rest of the world. North American regions are accounted for dominating the global market in the forecast period since there is a high adoption rate of scented candles can be witnessed in various countries. Moreover, the region has several major market key players in North America, so there are various popular brands of candles available in the global market, which would influence the growth of the scented candles market in the forecast period.

The second-largest share is estimated to be acquired by European countries since there are a lot of candles are used in tourism, hospitality sectors, restaurants, etc. The Europe region also uses a massive number of candles for aromatherapy. The high demand for aromatherapy in the region is driving the demand for the scented candles segment.

The Asia Pacific region is accounted for making significant growth during the forecast period of the scented candles market as the demand for scented candles is boosting that are utilized during festivities and religious occasions.

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In June 2021, Candle-lite company launched CBD Candles and CBD wax melts that are CBD-infused products under their brand name Essential Elements.

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