PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1777910
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1777910
Global Candle Making Kits Market to Reach US$723.8 Million by 2030
The global market for Candle Making Kits estimated at US$587.8 Million in the year 2024, is expected to reach US$723.8 Million by 2030, growing at a CAGR of 3.5% over the analysis period 2024-2030. Scented Candle Making Kits, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$361.9 Million by the end of the analysis period. Growth in the Regular Candle Making Kits segment is estimated at 3.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$160.1 Million While China is Forecast to Grow at 6.7% CAGR
The Candle Making Kits market in the U.S. is estimated at US$160.1 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$145.3 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.0% CAGR.
Global Candle Making Kits Market - Key Trends & Drivers Summarized
Why Is the Candle Making Kits Market Experiencing a Surge in Popularity?
The rising trend of DIY crafts and home-based hobbies has significantly fueled the demand for candle making kits. Consumers are increasingly seeking creative outlets for relaxation, stress relief, and personalization, making candle crafting a popular choice. The market has particularly benefited from the growing interest in aromatherapy, as individuals explore the therapeutic benefits of scented candles infused with essential oils. Additionally, the COVID-19 pandemic accelerated the shift toward at-home hobbies, leading to a notable increase in DIY candle-making as a small business opportunity. The demand for sustainable and eco-friendly products has also influenced the market, with more consumers opting for natural waxes like soy and beeswax over paraffin-based alternatives.
How Are Technological Innovations and Sustainability Trends Impacting the Market?
Technological advancements have made candle making more accessible and convenient, with user-friendly kits now including pre-measured ingredients, digital thermometers, and online tutorials for beginners. The increasing popularity of customization has led manufacturers to offer kits with various fragrances, natural dyes, and reusable molds, allowing consumers to create unique, high-quality candles at home. Sustainability concerns are also shaping the market, with brands emphasizing eco-friendly packaging and non-toxic materials to cater to environmentally conscious consumers. Additionally, the rise of e-commerce and social media influencers promoting DIY projects has expanded market reach, making candle making a mainstream hobby.
Which Consumer Segments Are Driving Market Demand?
The primary consumer base for candle making kits includes DIY enthusiasts, small business owners, and environmentally conscious buyers. Home crafters and hobbyists form a significant portion of the market, driven by the appeal of handmade, personalized candles. Entrepreneurs and small business owners are increasingly leveraging candle making as a low-investment business venture, selling handcrafted candles through online platforms like Etsy and Amazon Handmade. Additionally, sustainability-focused consumers are drawn to kits that offer natural, biodegradable ingredients, aligning with their preference for toxin-free and eco-friendly products. The demand for candle making kits is also growing among gift shoppers, as customized candles have become popular personalized presents.
What Factors Are Driving the Growth of the Candle Making Kits Market?
The growth in the candle making kits market is driven by several factors, including the rising interest in DIY home decor, the increasing influence of social media crafting trends, and the demand for sustainable candle-making solutions. The expansion of e-commerce has made it easier for consumers to access diverse kits, fueling market growth globally. Additionally, the rising awareness of aromatherapy and self-care rituals has contributed to increased consumer spending on home fragrance products, boosting demand for scented candle-making kits. The preference for artisanal and handmade goods has also encouraged more people to experiment with DIY candles, further propelling the market. With growing consumer interest in creative, eco-friendly, and therapeutic hobbies, the candle making kits market is poised for continued expansion.
SCOPE OF STUDY:
The report analyzes the Candle Making Kits market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Candle Type (Scented Candle Making Kits, Regular Candle Making Kits, Decorative Candle Making Kits); Kit Type (Beginner Kits, Professional Kits); End-Use (Households End-Use, Institutions End-Use, Businesses End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Select Competitors (Total 44 Featured) -
AI INTEGRATIONS
We're transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.