Scented Candles Market Growing Rapidly 2019: Industry Trends Analysis by Production and Consumption, Revenue, Retails Price and Forecast to 2022
Global Scented Candles Market Size, Share, Sales, Business Expansion, Scope, raw material (waxes, liquid dyes, soy, glass), product type (jar, pillar, tea light, tumbler, vase), distribution channel (specialty store, home décor store, e-commerce), fragrance (fruit, flower, spice, blends) by Region- Forecast to 2022
Pune, India – June 20, 2019 /MarketersMedia/ —
Market Synopsis:
The changes in the lifestyle of the urban population are expected to fuel demand for home décor products in the upcoming years. Market Research Future (MRFR)’s report has asserted in its report that the global scented candles market is expected to strike a steady CAGR over the projection period 2016 to 2022. Scented candles are candles that are infused with scents emitted by wax while burning. The candle has gained popularity globally as a gift or a lifestyle product.
Market players emphasize on the introduction of unique fragrances to gain edge over its competitors. In addition, the availability of the product in different shapes and sizes is likely to propel the expansion of the scented candles market over the next couple of years. The rising disposable income of the population is anticipated to support the expansion of the market in the years to come.
These candles are extensively used for leisure activities such as aromatherapy. Increasing demand for such activities is projected to boost the revenue growth of the scented candles market over the next couple of years. In addition, social factors such as the adoption of a luxurious lifestyle, rising recreational expenditures, etc. are poised to support market growth in the foreseeable future.
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Competitive Dashboard:
The major participants of the global scented candles market profiled in this MRFR report are P&G (U.S.), Reckitt Benckiser (Air Wick) (U.K.), Yankee Candles (U.S.), The Conscious Candle (Australia), Colonial Candle (U.S.), Welburn Candles Pvt. Ltd. (India), and Parcan (Netherland).
Market Segmentation:
on the basis of raw material, the global scented candles market has been segmented into liquid dyes, waxes, soy, glass, and others
Based on product type, the scented candles market has been segmented into pillar, jar, tea light, vase tumbler, and others.
By distribution channel, the global scented candles market has been segmented into home décor store, e-commerce, specialty store, and others.
On the basis of fragrance, the scented candles market has been segmented into fruit, flower, spice, blends, and others.
Industry News:
In June 2019, Aldi, a supermarket giant, has brought back its Hotel Collection candles in three scents – Grace, Allure, and Bloom for the summers.
In June 2019, the Hong Kong-based lifestyle and electronic gadgets brand, WK Life, has announced the inauguration of its biggest store in the capital city of India, New Delhi. The store has a wide range of products, including scented candles.
In May 2019, the U.S. based Yankee Candles has announced the launch of a new range of Sunday Brunch candles. The range covers scents such as a bouquet of flowers, buttery waffles, and a Bellini or two.
In January 2019, KFC has launched gravy scented candles. The collection covers five weird scents.
In November 2018, Mr Trotter’s, British savory snack brand, has ventured into scented candles market with the launch of whiskey and gin-scented candles.
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Regional Analysis:
The global scented candles market, by region, is segmented into four regions, viz. North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America has the major share of the market and is poised to retain it through the forecast period. The presence of huge urban population, in conjunction with the consolidation of major players, is poised to catalyze the growth of scented candles market over the next few years.
Asia Pacific is prognosticated to strike a relatively higher CAGR during the forecast period. The growing population of working population in conjunction with economic development of the region is forecasted to catapult the regional market on an upward trajectory. China and India are anticipated to be the prime country-level markets of the region.
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Source: MarketersMedia
Release ID: 527415
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