The scented candle market is likely to hold a valuation of USD 5.64 billion by 2033. As of 2023, the market value is USD 3.76 billion. As individuals worldwide seek comforting and pleasant home environments, the scented candle market is expected to expand by 4.10% from 2023 to 2033.
The current times have seen a rise in soothing and mindfulness activities across the world. This has benefitted markets like that for scented candles as they provide the required ambiance for these practices. As more people recognize the benefits of creating a calming and relaxing environment, scented candles have become a go-to choice for enhancing self-care routines and promoting well-being.
Request Sample Report Here: https://www.futuremarketinsights.com/reports/sample/rep-gb-14253
Apart from personal usage, scented candles also have applications in various commercial settings. They are utilized in spas, wellness centers, and massage therapy studios to create a pleasant customer environment. The demand for scented candles has also been experiencing a surge recently due to its incorporation into the home décor industry. Scented candles not only increase the room’s aesthetic appeal but also create a welcoming environment for the households.
The significance of scented candles in the general population is also increasing because of their applications in modern therapies like aromatherapy. Short video platforms and social media influencers have made it simple to learn about the therapeutic advantages of scented candles. This has further accelerated the growth of the scented candle market in the global market.
“Numerous techniques are there to promote the health benefits of scented candles in the general population. Key players can target marketing campaigns, such as influencer collaborations, social media promotions, and experiential marketing events. New entrants can create brand awareness and generate buzz around their scented candle offerings”, opines an FMI analyst.
Key Takeaways from the Scented Candle Market Report:
- The scented candle market is expected to grow by 4.10% for the forecast period of 2023 to 2033.
- Container-based candles dominate the global scented candle market, with an overall revenue share of 56.60%.
- When it comes to shape, round candles capture a significant 56.30% share of the global scented candle market revenue.
- China is the leading market for scented candles, with a remarkable growth rate of 7.80% CAGR from 2023 to 2033.
- China is followed by Japan (6.20%), Singapore (4.80%), and Australia (4.50%) in terms of scented candle market growth.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14253
Country-wise Insights
Competitive Analysis of the Scented Candles Market:
With only a few international brands catering to a niche audience, there is ample room for new players to establish their presence and leverage effective marketing strategies to capture consumers’ attention. Local businesses can position themselves in this market by tapping into the growing consumer demand for wellness and self-care products.
Key players operating in the market profiled by FMI include
- MVP Group International, Inc.
- Newell Brands
- Estee Lauder Companies
- NEST New York
- Thymes, LLC
- L Brands
- Portmeirion Group Plc
- The Yankee Candle Co. Inc.
- The White Barn Candle Co.
- The Village Candle
- Bridgewater Candles
Gain Immediate Access to Detailed Market Insights: https://www.futuremarketinsights.com/checkout/14253
Recent Developments:
- In January 2023, Diptyque launched a new line of scented candles inspired by nature. The line features scents like pine needles, fig leaves, and jasmine, offering a refreshing and botanical experience.
- In March 2023, Yankee Candle released a new line of scented candles made with sustainable soy wax. The line offers a variety of scents, including lavender, vanilla, and citrus, catering to environmentally conscious consumers seeking eco-friendly options.
- In February 2023, Bath & Body Works introduced a new line of scented candles inspired by aromatherapy. The line includes scents like eucalyptus, peppermint, and lavender, providing a calming ambiance for relaxation.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
