Global Candles Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2015 to 2025

  • Report Number: 180922102

Reports Overview

Candles Market, By Type, distribution channel and Geography – Growth, Future Prospects and Competitive Analysis, 2017 – 2025, the global candles market was valued at US$ 7,567.50 Mn in 2016, and is expected to each US$ 11,707.76 Mn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.

Market Insight
Consumers are increasingly purchasing candles for their home decor, and for aromatherapy-like stress reduction and relaxation. The ease of purchase as well as the availability of various type of candles on multiple distribution channels is prompting more and more people to purchase these products. Proliferation in the number of distribution channels has benefited the sales through department, mass merchandise retailers and home decor stores. Supermarkets and hypermarkets are benefiting due to their discounted prices and various offers particularly attracting more and more buyers. The popularity of e-commerce has significantly increased candles sales. The ease of purchase as well as the availability of extensive information and reviews on products online is prompting more and more individuals to buy these products.

Volatility in the prices of raw materials is the major factor hampering the market growth. Paraffin is still the most widely used base material for candle production. Meanwhile in 2014 and 2015, almost 33% of paraffin production in some countries was shut down; forcing candle manufacturers to import large volumes of base material at higher prices. Increasing usage of candles in various applications provide immense opportunities to the manufacturers present in this market.

Competitive Insights
The market is highly fragmented owing to presence of numerous players. The barriers to entry in the candle industry are low. The small candle makers are rising up and taking their piece of the pie. Many customers are opting to purchase candles from the smaller hand crafted market owing to the uniqueness, quality, and the ability to customize their orders.

Key Trends

  • Rising demand from emerging economies
  • The market is projected to benefit from growing demand for candles from various applications
  • Availibity of the product in various shapes, colors, types and retail formats

Table of Content

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 Usp and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Candles Market
2.2 Global Candles Market, by Type
2.2.1 Global Candles Market Revenue, by Type, 2016 (US$ Mn)
2.3 Global Candles Market, by Distribution Channel
2.3.1 Global Candles Market Revenue, by Distribution Channel, 2016 (US$ Mn)
2.4 Global Candles Market, by Region
2.4.1 Global Candles Market Revenue, by Region, 2016 (US$ Mn)

Chapter 3 Global Candles Market Dynamics
3.1 Overview
3.2 Market Trends
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Increasing Consumption of Candles Per Head
3.3.1.2 Shift in Shopping Trends
3.3.2 Market Challenges
3.3.2.1 Growing Low-Priced Imports
3.3.2.2 Uncertain Base Material Supply
3.3.3 Market Opportunity
3.3.3.1 Change in Buyer’s Behavior from Functional to Emotional
3.4 Attractive Investment Proposition, by Type 2016

Chapter 4 Global Candles Market Analysis, by Type
4.1 Overview
4.1.1 Global Candles Market, by Type, 2015 – 2025 (US$ Mn)
4.2 Pillar Candles
4.3 Floating Candles
4.4 Votive Candles
4.5 Tapers
4.6 Filled Candles
4.7 Tealight Candles
4.8 Gel Candles
4.9 Specialty Candles
4.10 Liquid Candles
4.11 Others

Chapter 5 Global Candles Market Analysis, by Distribution Channels
5.1 Overview
5.1.1 Global Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
5.2 Specialty or Gift Shops
5.2.1 Global Candles Market, by Specialty or Gift Shops Distribution Channel, 2015 – 2025 (US$ Mn)
5.3 Department or Home Decor Stores
5.3.1 Global Candles Market, by Department or Home Decor Stores Distribution Channel, 2015 – 2025 (US$ Mn)
5.4 Mass Merchandise Retailers
5.4.1 Global Candles Market, by Mass Merchandise Retailers Distribution Channel, 2015 – 2025 (US$ Mn)
5.5 Direct Sales
5.5.1 Global Candles Market, by Direct Sales Distribution Channel, 2015 – 2025 (US$ Mn)
5.6 Internet
5.6.1 Global Candles Market, by Internet Distribution Channel, 2015 – 2025 (US$ Mn)
5.7 Others (Unorganised Retail)
5.7.1 Global Candles Market, by Other Distribution Channels, 2015 – 2025 (US$ Mn)

Chapter 6 Global Candles Market, by Region
6.1 Overview
6.2 North America
6.2.1 North America Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.2.2 North America Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.2.3 North America Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.3 Europe
6.3.1 Europe Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.3.2 Europe Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.3.3 Europe Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.4 Asia Pacific
6.4.1 Asia Pacific Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.4.2 Asia Pacific Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.4.3 Asia Pacific Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.5 Latin America
6.5.1 Latin America Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.5.2 Latin America Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.5.3 Latin America Candles Market, by Country, 2015 – 2025 (US$ Mn)
6.6 Middle East & Africa (Mea)
6.6.1 Mea Candles Market, by Type, 2015 – 2025 (US$ Mn)
6.6.2 Mea Candles Market, by Distribution Channel, 2015 – 2025 (US$ Mn)
6.6.3 Mea Candles Market, by Country, 2015 – 2025 (US$ Mn)

Chapter 7 Company Profiles
7.1 Korona Candles S.A
7.1.1 Business Description
7.1.2 Financial Health and Budget Allocation
7.1.3 Product Portfolio
7.1.4 News Coverage
7.2 the Yankee Candle Company, Inc
7.2.1 Business Description
7.2.2 Financial Health and Budget Allocation
7.2.3 Product Portfolio
7.2.4 News Coverage
7.3 Vila Hermanos Cerería Sa
7.3.1 Business Description
7.3.2 Financial Health and Budget Allocation
7.3.3 Product Portfolio
7.3.4 News Coverage
7.4 Suomen Kerta Oy
7.4.1 Business Description
7.4.2 Financial Health and Budget Allocation
7.4.3 Product Portfolio
7.4.4 News Coverage
7.5 Balthasar + Co. Ag
7.5.1 Business Description
7.5.2 Financial Health and Budget Allocation
7.5.3 Product Portfolio
7.5.4 News Coverage
7.6 Cereria Pernici Srl
7.6.1 Business Description
7.6.2 Financial Health and Budget Allocation
7.6.3 Product Portfolio
7.6.4 News Coverage
7.7 Delsbo Candles Ab
7.7.1 Business Description
7.7.2 Financial Health and Budget Allocation
7.7.3 Product Portfolio
7.7.4 News Coverage
7.8 Gies Kerzen Gmbh
7.8.1 Business Description
7.8.2 Financial Health and Budget Allocation
7.8.3 Product Portfolio
7.8.4 News Coverage
7.9 Gala-Kerzen Gmbh
7.9.1 Business Description
7.9.2 Financial Health and Budget Allocation
7.9.3 Product Portfolio
7.9.4 News Coverage
7.10 Bolsius International Bv
7.10.1 Business Description
7.10.2 Financial Health and Budget Allocation
7.10.3 Product Portfolio
7.10.4 News Coverage
7.11 Sc Johnson & Son, Inc
7.11.1 Business Description
7.11.2 Financial Health and Budget Allocation
7.11.3 Product Portfolio
7.11.4 News Coverage

List of Figures
Figure 1 Global Candles Market: Research Methodology
Figure 2 Global Candles Market Revenue, by Type, 2016 (US$ Mn)
Figure 3 Global Candles Market Revenue, by Distribution Channel, 2016 (US$ Mn)
Figure 4 Global Candles Market Revenue, by Region, 2016 (US$ Mn)
Figure 5 Attractive Investment Proposition, by Type
Figure 6 Global Pillar Candles Market (US$ Mn), 2015 – 2025
Figure 7 Global Floating Candles Market (US$ Mn), 2015 – 2025
Figure 8 Global Votive Candles Market (US$ Mn), 2015 – 2025
Figure 9 Global Taper Candles Market (US$ Mn), 2015 – 2025
Figure 10 Global Filled Candles Market (US$ Mn), 2015 – 2025
Figure 11 Global Tealight Candles Market (US$ Mn), 2015 – 2025
Figure 12 Global Gel Candles Market (US$ Mn), 2015 – 2025
Figure 13 Global Specialty Candles Market (US$ Mn), 2015 – 2025
Figure 14 Global Liquid Candles Market (US$ Mn), 2015 – 2025
Figure 15 Global Other Candles Market (US$ Mn), 2015 – 2025
Figure 16 Global Candles Market, by Specialty or Gift Shops Distribution Channel, 2015 – 2025 (US$ Mn)
Figure 17 Global Candles Market, by Department or Home Decor Stores Distribution Channel, 2015 – 2025 (US$ Mn)
Figure 18 Global Candles Market, by Mass Merchandise Retailers Distribution Channel, 2015 – 2025 (US$ Mn)
Figure 19 Global Candles Market, by Direct Sales Distribution Channel, 2015 – 2025 (US$ Mn)
Figure 20 Global Candles Market, by Internet Distribution Channel, 2015 – 2025 (US$ Mn)
Figure 21 Global Candles Market, by Other Distribution Channels, 2015 – 2025 (US$ Mn)

List of Tables
Table 1 Market Snapshot: Global Candles Market
Table 2 Consumption of Candles Per Head
Table 3 North America Candles Market, by Type, 2015 – 2025 (US$ Mn)
Table 4 North America Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
Table 5 North America Candles Market, by Country, 2015 – 2025 (USD Mn)
Table 6 Europe Candles Market, by Type, 2015 – 2025 (US$ Mn)
Table 7 Europe Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
Table 8 Europe Candles Market, by Country, 2015 – 2025 (USD Mn)
Table 9 Asia Pacific Candles Market, by Type, 2015 – 2025 (US$ Mn)
Table10 Asia Pacific Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
Table 11 Asia Pacific Candles Market, by Country, 2015 – 2025 (USD Mn)
Table 12 Latin America Candles Market, by Type, 2015 – 2025 (US$ Mn)
Table 13 Latin America Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
Table 14 Latin America Candles Market, by Country, 2015 – 2025 (USD Mn)
Table 15 Middle East & Africa (Mea) Candles Market, by Type, 2015 – 2025 (US$ Mn)
Table 16 Middle East & Africa (Mea) Candles Market Revenue by Distribution Channels, 2015-2025 (US$ Mn)
Table 17 Middle East & Africa (Mea) Candles Market, by Country, 2015 – 2025 (USD Mn)

 

Analyst Review

With collective industry experience of about 200 years of its analysts and experts, Future Industry Insight (FII) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With FII’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
Future Industry Insight (FII) has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, FII’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

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