Market Overview
The global natural scented candles market is likely to touch USD 4.22 billion at a 5.80% CAGR between 2019 2024, according to 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 natural 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 natural scented candles market growth.
Key Players
Leading players profiled in the global natural scented candles market report 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).
Market Segmentation:
The MRFR report offers an inclusive segmental analysis of the global natural scented candles market report based on category, product type, and distribution channel.
By product type, the global natural scented candles market is segmented into animal wax, vegetable wax, paraffin wax, and synthetic wax.
By category, the global natural scented candles market is segmented into premium and mass.
By distribution channel, the global natural 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.
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Regional Analysis
Based on the region, the global natural 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 natural 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 natural scented candles market in the APAC region will grow at the highest CAGR over the forecast period while the RoW will have sound growth.
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