Latest News- Candle Market: Container based is expected to lead the Product Type segment during 2025-2029

The Candle Market is being driven by Increasing adoption of candles for special occasions

The Candle Market is expected to grow at a CAGR of 7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3955.7 million. The global candle market is witnessing a notable trend towards the adoption of wooden wicks. These wicks, crafted as small strips or tubes of wood, are specifically designed for candlewick applications. Manufactured from various woods and available in diverse widths, wooden wicks cater to the specific requirements of candles. Not only are they eco-friendly and sustainable, but they are also free from toxins and phthalates. Wooden wick candles produce an alluring crackling sound during combustion, contributing to a more relaxing and appealing ambiance. Moreover, they offer a broader fragrance throw compared to cotton wicks. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Container based
  • Pillars
  • Others
• Distribution Channel
  • Offline
  • Online
• End-user
  • Residential
  • Commercial
  • Religious and ceremonial
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing adoption of candles for special occasions
• Growing adoption of candles for home decor and aromatherapy
• Growing home decor market

However, the market also witnesses some limitations, which are as follows:

• Emission of toxic fumes
• Criticality of inventory management and product sourcing
• Competition from unorganized sectors

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Market Scope in Candle Market Research Report

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Research Analysis Overview

The Candle Market encompasses various sectors including Residential Construction Activities, Home Interiors, and Home Furnishings. Eco-friendly Housing trends favor candles made of Soy Wax, Palm Wax, and Container Candles over Paraffin Wax. Online Sales dominate distribution channels, fueled by Smartphone Adoption and Social Media. Scented Candles, Home Accessories, Basic Candles, and Fancy Candles are popular choices. AI technologies are increasingly used in manufacturing and marketing.

Market Research Overview

The Candle Market falls under the broader category of the Housewares and Specialties segment within the global Household Durables Market. This market encompasses various product categories, including cookware, bakeware, tableware, kitchen electrics, and household appliances. According to Technavio, market expansion in Housewares and Specialties is primarily driven by the emergence of new design trends in residential construction and home interiors. Consumers' preferences for eco-friendly housing, online sales, and artificial intelligence integration are also significant growth factors. Vendors in this sector are responding to these trends by introducing stylish, eco-friendly, and technologically advanced candle products, catering to the increasing demand for distinctive home decor. Social media platforms are also playing a pivotal role in market growth, enabling brands to reach wider audiences and engage directly with consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/