Scented Candles Market Business Prospects

Scented Candles Market, Business Prospects, Product Scope, Demand and Forthcoming Developments

Market Analysis

The global scented candles market is likely to touch USD
4.22 billion at a 5.80% CAGR between 2019 2024, according to fire
scented candles market

 the recent report by
Market Research Future (MRFR). Scented candles are used for removing the
unpleasant odor from the surroundings. Animal wax, vegetable wax, paraffin wax,
and synthetic wax are the different products used for making scented candles.

Various factors are adding to the global scented
candles market growth. Such factors, according to the new MRFR report,
include its increasing use as a home care product, in aromatherapy, for
relaxation and stress reduction, consumers increasing per capita disposable
income, product innovation, and rising investments in home décor.

On the flip side, volatility in raw material prices is
likely to limit the global scented candles market growth.

Covid-19 Analysis on Scented Candles Market/Covid-19 ABC
Market Analysis

The coronavirus pandemic is turning to a serious threat to
the worldwide economy. The harsh reality is, alcohol a key ingredient in
scented candles is getting harder to obtain, harvests of chief ingredients are
remaining unpicked, stores have closed, and customers are demanding various
products. Industries that are invoked via candle scents are hit hard by the
coronavirus restrictions with events such as Glastonbury cancelled till 2021.
As people are staying at home, they have begun stocking and buying scented
candles online. Scented candles offer calm and comfort at this challenging
time. With non-essential businesses granted permission to open their doors again,
it is likely to have a positive impact on the scented candles market growth. A
candle-making duo in London, Niko Dafkos, and Paul Firmin have created charity
candles for reminding customers of the places that are hit via the coronavirus
outbreak, having the scents of the festivals, the cinema, and the pub.

Market Segmentation

The MRFR report offers an inclusive segmental analysis of
the global scented candles market report based on category, product type, and
distribution channel.

By product type, the global scented candles market is
segmented into animal wax, vegetable wax, paraffin wax, and synthetic wax.

By category, the global scented candles market is segmented
into premium and mass.

By distribution channel, the global scented candles market
is segmented into non-store based & store-based. The store-based segment is
again segmented into convenience stores, supermarkets and hypermarkets, and
others.

Key Players

The global scented
candles market manufacturers include Candle-lite (US), Zhong Nam
Industrial (International) Co., Ltd. (Hong Kong), Empire Candle Co., LLC (US),
BeCandle (Hong Kong), S.C. Johnson & Son, Inc. (US), The Yankee Candle
Company (US), Brandt Kaarsen (US), Colonial Candle (US), Welburn Candles Pvt
Ltd (India), Conscious Candle Company (Australia), Newell Brands (US), L
Brands, Inc. (US), The Procter & Gamble Company (US), and Reckitt Benckiser
Group plc (UK).

Regional Analysis

Based on the region, the global scented candles market
report covers the recent trends and growth opportunities across the Americas,
Europe, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these,
North America will spearhead the market over the forecast period for the
increasing use of scented candles in aromatherapy, stress reduction,
relaxation, and home décor. The US is the key contributor in the region,
followed by Canada.

The global scented candles market in Europe is predicted to
have significant growth over the forecast period for the increasing import and
consumption of scented candles, growing popularity as a decorative accessory,
and availability of different types of scented candles. Poland is the chief
contributor in the market.

The global scented candles market in the APAC region will
grow at the highest CAGR over the forecast period while the RoW will have sound
growth.

Industry News

May 2020: London-based Niko Dafkos and Paul Firmin have
created charity candles in three uncommon flavors- The Cinema that smells of
banana pick-and-mix sweets and popcorn, The Local having scents of rose wine
and cigarette smoke, and The Festival that smells of cider and cut grass.

NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.