888-776-0942 from 8 AM - 10 PM ET
NEW YORK , June 13, 2022 /PRNewswire/ -- The global scented candles market is growing at a CAGR of 6.97% and is expected to register an incremental growth of USD 1.46 billion between 2020 and 2025. The report analyses the market size, growth, and provides accurate predictions on the growth of the market.
For additional highlights, Download Sample Report Here.
The scented candles market is segmented by distribution channel (offline and online).
Based on the distribution channel, the offline segment had a significant share of the market in 2021. However, the revenue generated from the offline distribution channel segment has been declining due to the increasing preference for online shopping. Hence, vendors are adopting the online-to-offline (O2O) business strategy to enhance sales from offline distribution channels and simultaneously promote a digital experience. The adoption of such strategies is helping vendors increase their market shares and expand the consumer base.
The global scented candles market is analyzed across five regions — North America , Europe , APAC, South America , and MEA.
APAC is currently the dominating region, occupying 34% of the global market share. The growth of the scented candles market in APAC can be attributed to increasing consumer spending on aesthetic home fragrances such as scented candles in the region. China will emerge as the key market for scented candles in APAC. The market will observe a faster growth in APAC than in other regions.
Identify potential segments and regions to invest in over the forecast period. Enquire about the report before purchasing
The scented candles market is expected to witness substantial growth during the forecast period, primarily due to the increasing investment in household interiors. Globally, consumer spending on household interiors is increasing significantly. For instance, the global consumer expenditure on household interiors grew at a CAGR of more than 5% between 2012 and 2017. Besides, the number of new residential construction activities across the globe is steadily increasing owing to growing disposable incomes, rapid industrialization, rising urbanization, and increasing employment opportunities. All these factors are increasing the demand for a wide range of interior decorative products, including scented candles, which is driving the growth of the market in focus.
The report also covers information on the upcoming trends and challenges that will influence the market growth. Explore additional information by Downloading a Sample Report.
The scented candles market is fragmented due to the presence of several vendors and a few well-established players. Vendors are adopting several growth strategies such as new and innovative product launches and mergers and acquisitions to remain competitive in the market.
Here are some of the products offered by key vendors:
Bolsius International BV: The company offers a wide range of scented candles such as True Scents fragranced glasses small, True Scents fragrance maxilights, and others.
Bridgewater Candle Co.: The company offers a wide range of scented candles such as Jar Candle Sweet Grace, Jar Candles Orange, and others.
Diptyque SAS: The company offers a wide range of scented candles such as Limited-Edition Pine Tree candle, Limited-Edition Holiday pastry candle, and others.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the scented candles market report:
Get your queries resolved from an industry expert. Speak to Our Analyst Now
Our customers who purchased this report also bought,
Accelerate at a CAGR of 6.97%
North America, Europe, APAC, South America, and MEA
US, China, UK, France, and Brazil
Leading companies, competitive strategies, consumer engagement scope
Bolsius International BV, Bridgewater Candle Co., Diptyque SAS, Godrej Consumer Products Ltd., Nest Fragrances LLC, Newell Brands Inc., Reckitt Benckiser Group Plc, S. C. Johnson and Son Inc., ScentAir Technologies LLC, and The Procter and Gamble Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Market Segmentation by Distribution channel
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET