DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Candles Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2015 to 2025" report to their offering.
The global candles market was valued at US$ 7.5 billion in 2016, and is expected to reach US$ 11.70 billion by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
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.
Key Trends
- Rising demand from emerging economies
- The market is projected to benefit from growing demand for candles from various applications
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Availability of the product in various shapes, colors, types and
retail formats
Companies Mentioned:
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Korona Candles S.A
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Yankee Candle Company, Inc
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Vila Hermanos Cerería Sa
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Suomen Kerta Oy
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Balthasar + Co. Ag
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Cereria Pernici Srl
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Delsbo Candles Ab
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Gies Kerzen Gmbh
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Gala-Kerzen Gmbh
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Bolsius International Bv
- Sc Johnson & Son, Inc
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Candles Market Dynamics
Chapter 4 Global Candles Market Analysis, by Type
Chapter 5 Global Candles Market Analysis, by Distribution Channels
Chapter 6 Global Candles Market, by Region
Chapter 7 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/r5kg7b/global_candles
