Global Scented Candles Market Size, Share, Growth Analysis, By Product Type(Containers, Pillars), By Distribution Channel(Online, Offline), By Raw Material(Wax, Liquid Dyes) - Industry Forecast 2022-2028

Global Scented Candles Market size was valued at USD 2.97 billion in 2021 and is poised to grow from USD 3.16 billion in 2022 to USD 5.52 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).

Scented candles can be used to get rid of bad scents in a space. Scented candles aid in establishing a calming ambience that is conducive to meditation. The most well-liked scents for scented candles include blueberry, chocolate, caramel, roses, lavender, vanilla, lemon, cherries, cedar, and balsam. Growing consumer awareness of the product's applications in different candle massages and aromatherapies is a major factor driving the market for scented candles. Increased consumer knowledge of these products, rising disposable income, an increase in the number of spa and massage parlours, and rising use of environmentally friendly candles will all help the scented candle market grow between 2022 and 2028. Whereas, during the period covered by the forecast, the rapidly expanding home decor sector and rising investment in interior design will further provide a number of new opportunities that will fuel market growth for scented candles. Scent candles are used in both the home market and the hospitality industry, including spas, restaurants, and hotels, because of their relaxing and aromatic properties. A lot of consumers also vouch for the therapeutic advantages of scented candles. A variety of encouraging aspects have contributed to the market's sustained growth in recent years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Scented Candles Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

Scented Candles Market is segmented based on Product Type, Distribution Channel, Raw Material and Region. Based on Product Type Scented Candles Market is segmented into Containers, Pillars, Tumbler, Vase, Others. Based on Distribution Channel Scented Candles Market is bifurcated into Online, Offline. Based on Raw Material Scented Candles Market is segmented into Wax, Liquid Dyes, Soy, Glass, Others. Based on region Scented Candles Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The market for scented candles has been significantly influenced by the global improvement in living standards.

The growing demand for scented candles is partly a result of changes in lifestyle that are stressing people out and leading to related ailments.

The recent boom in the hospitality sector was advantageous for the market.

The growth of the massage and aromatherapy sectors has contributed to the global market's progress.

Restraint

Growing concerns about the dangerous substances produced during the making of candles and by candle smoke have led to a limitation. With environmentally friendly products, candle manufacturers have made an effort to allay these concerns, yet concerns still exist.

Market Trends

Some candles include extra features like a remote control that lets the user control them from anywhere, while others have produced a variety of flameless candle varieties such tea lights, pillars, votives, and tapers to give customers a choice.

Because they are manufactured with organic and natural materials and are naturally free of toxins, organic candles are replacing paraffin wax candles. Due to their use of natural materials like beeswax and soy wax, these candles are also sometimes referred to as "green candles."