LONDON--(BUSINESS WIRE)--Technavio has been monitoring the scented candles market and it is poised to grow by USD 1.81 billion during 2020-2024, progressing at a CAGR of 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Frequently Asked Questions- |
1. What was the value of the global scented candles market in 2019? |
A. Technavio says that the value of the market was at USD 5.40 billion in 2019 and it is expected to grow to USD 7.22 billion by 2024. |
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2. At what rate is the market projected to grow during the forecast period 2020-2024? |
A. Growing at a CAGR of over 6%, the market growth will accelerate during the forecast period. |
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3. What is the key factor driving the market? |
A. Increasing investment in household interiors and emergence of customized home fragrance candles are among the key factors driving the market growth. |
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4. Who are the top players in the market? |
A. Bolsius International BV, Diptyque SAS, Godrej Consumer Products Ltd., NEST Fragrances, Newell Brands Inc., Reckitt Benckiser Group Plc are some of the major market participants. |
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5. Which region is expected to hold the highest market share? |
A. North America |
The increasing investment in household interiors will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increasing investment in household interiors has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Scented Candles Market 2020-2024: Segmentation
Scented Candles Market is segmented as below:
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Distribution Channel
- Offline
- Online
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Geography
- North America
- Europe
- APAC
- South America
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Scented Candles Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The scented candles market report covers the following areas:
- Scented Candles Market Size
- Scented Candles Market Trends
- Scented Candles Market Analysis
This study identifies the increasing emergence of customized home fragrance candles as one of the prime reasons driving the scented candles market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Scented Candles Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist scented candles market growth during the next five years
- Estimation of the scented candles market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the scented candles market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of scented candles market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook
- Market size and forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Distribution Channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Volume Driver - Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Bolsius International BV
- Diptyque SAS
- Godrej Consumer Products Ltd.
- NEST Fragrances
- Newell Brands Inc.
- Reckitt Benckiser Group Plc
- S.C. Johnson & Son Inc.
- ScentAir Technologies LLC
- The Bridgewater Candle Co.
- The Procter & Gamble Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
