According to a new market research report published by sheer analytics and insights, “The global Candles market was $6.7 Bn in 2020, and it is highly expected to reach $14.5 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 8.0% between 2020–2030", as per the latest market research report (By product type, raw material, and other factors). By Country- the U.S., Canada, France, Germany, Italy, The U.K., Spain, China, Japan, and India) — global industry analysis, size, share, growth, trends, and forecast, 2020–2030.
The candles market is overgrowing, and there are a few factors that need to be considered. People are looking into things that would provide them relaxation and eventually restaurants, hotels, spa, they all are using different candles to make the ambience perfect. On the other hand, there are a variety of fragrances available in the market, and people may choose accordingly. Not every fragrance will have the same impact on people’s mind, but it will vary. Furthermore, people are also considering candles for home decoration and gift purposes.
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/candles-market-21
However, the candles market is highly influenced by the hotel industry, and the growing demand for decoration purpose is amazing. Starting from enjoying a great bath to gift people, candles are becoming the best choice for people, and it will eventually fuel the industry to grow at a higher rate.
In the recent market research reports that were published by Sheer Analytics & Insights, the candles market has different segmentation. Geographically, the candles market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, and Africa.
The key players in the global candles market include Vollmar, Baltic Candles, Bolsius International, Delsbo Candle, Duni, Hansa Candle, KORONA Candles, CerasRoura, Contract Candles, and others.
Global Candles Market Has Been Segmented Into:
By Product Type
- Tea Lights
- Votive
- Pillars
- Birthday Candles
- Cartridge Candles
- Wax-Filled Container Candles
- Others
By Raw Material
- Beeswax
- Stearin
- Paraffin Wax
- Rapeseed Wax
- Palm Wax
- Soy Wax
By Geography Type
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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