KD Market Insights has published a report on global Candle market research report. The report offers valuable market insights drivers which would aid the industry leaders to develop and line up their market strategies supported by reliable and accurate data. According to KD Market Insights report, the global Candle market is expected to grow at a CAGR of XX.X% during the forecast period i.e. 2020-2025. The market was held to USD XX.X Million in 2019 and is projected to reach to a valuation of USD XX.X Million in 2025. The report covers a detailed chapter on market segmentation of Candle market covering market segments by candle type, sales channel and price.
The report offers an exhaustive analysis of the market trends, opportunities, growth areas and industry drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Candles these days have become indispensable accessories in both self-care and home decor flourish.
Growth Drivers & Barriers
There is an appreciable rise in the number of candle lovers across the globe. Presently candles are not being used just for the purpose of lighting but for other purposes such as gifting and decoration. Throughout the years, candles have gone through many delightful transformations. Today candles are available in various designs, shape, and sizes. Availability of different types of candles such as scented candles, floater candles, and others are attracting consumers towards them. Further, the rise in disposable income of consumers and rapidly changing lifestyles are acting as major factors which are allowing them to spend more on home décor and fragrance products, which in turn driving the sales of candles across the globe. Consumers are increasingly purchasing candles as a focal point for their home decor, and for aromatherapy-like relaxation and stress reduction.
Social media and other internet media options have aid sales and marketing channels become more transparent and near to consumer. These enhancements have increased sales of candles through online sales channels across the globe. In addition to this, the demand for luxury candles is sparking overall growth of the candles market. Consumers across the globe, especially in developed countries are considering luxury candles to be an always-acceptable and highly appreciated gift for a wide variety of occasions. The rising trend of gifting luxury candles is believed to be fostering the growth of the candle market in upcoming years. Apart from this, personalized candles is another trend which is likely to aid the growth of the global market in the future.
However, Candles market is one of the very un-organized markets which have a large number of local manufacturers and due to these private label products present a growing threat to branded products. This rise in the number of local manufacturers of candles is affecting the revenue of organized players in the market.
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By Candle Type
– Pillar Candle
– Taper Candle
– Tea lights
By Sales Channel
– Online Stores
– Offline Stores
– Specialty or Gift Shops
– Department or Home Decor Stores
– Mass Merchandise Retailers
– Direct Sales
This research report studied the Candle market to forecast the revenues and analyze the trends in 5 regions i.e. North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This chapter of the report presents a comparison between emerging regions and developed regions to highlight the key factors and industry trends impacting the overall Candle market. Country analysis is also covered for various major economies across various regions:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
This study evaluates and categorizes the key vendors in the Candle market. The key companies published in the report include among others,
– The Yankee Candle Co., Inc.
– Colonial Candle
– White Barn Candles
– Slatkin & Co
– Bridgewater Candle Company
– VILLAGE CANDLE
– Trapp Fragrances
– Other Prominent Players
The competitive strategic window analyses the competitive landscape in terms of the market share and company profiles of major vendors. This section provides company’s metrics such as business strategy and performance such as financials, sales breakup by segment and by geography, SWOT Analysis, company snapshot, business strategy, key product offerings, marketing and distribution strategies, recent news & development and other market activities.
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Why you should buy this research report:
In the past years, the Candle has grown at a significant rate and key decision makers are in need of market data to make vital decisions with regard to acquire more market share in Candle market. This report will help you:
- Obtain Full Understanding Of Global Candle Industry Through The In-Depth Coverage
- Gain Insights Into Market Expansion Across Countries
- Expand Your Product Line To Generate High Revenue And Growth Opportunities.
- Understand Latest Market Trends And Formulate Business Strategies Accordingly.
- Acquire More Market Share Through Strategic Decisions Based On Report Insights.
- Gain Insights About Key Financial Ratio And Business Strategies.
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