This report describes the global market size of Luxury Candle Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 10.1% from 2023 to 2030.
Luxury candles are the type of candles that are used to enhance the appearance and ambiance of living spaces, particularly in millennial households. They are made of naturally occurring soy wax, which burns slowly and releases a pleasant odour that remains for a long time.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Luxury Candle Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 10.1% during the forecast period 2023-2030. North American market for Rolling Stock Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Rolling Stock Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Product
Container
Pillar
Votive
Tapers
Others
Based on the product, the container categories contributed to a bigger market share of 52% in 2022. The demand for container candles is rising along with the demand for candles with fall and seasonal designs. Over 35% of candle sales, according to the U.S. National Candle Association, take place over the festive period.
The pillar segment is forecast to grow with a significant CAGR of xx% over the forecast period from 2023 to 2030.
By Wax Type
Paraffin
Soywax
Beeswax
Palm Wax
Others
Based on wax type, the paraffin wax category had a bigger market share of over 34% in 2022. Because it is more accessible and user-friendly than other forms of wax, paraffin wax is most frequently utilised for luxury candles. Because the wax can hold a lot of colour and odour, it is frequently utilised in many candle brands.Soy wax candles have a slow burn and appeal to customers looking for environmentally friendly options. Companies in the candle industry are embracing natural sources and advancing innovation all the time. Designer candles are made by candle companies using soy mixes and essential oils.
Moreover, the soywax segment is anticipated to grow with a significant CAGR of xx% over the forecast period
By Distribution Channel
Stand-Alone Boutiques
Departmental Stores
Specialty Stores
Online
Based on the distribution channel, the department stores sector generated a greater market share of over 49% in 2022. Department stores are becoming more and more well-liked as a result of their extensive selection of luxury candles. Customers may find a large selection of luxury candles at Walmart, Bed Bath & Beyond, and Bath & Body Works, all of which come in different sizes, shapes, prices, and scents. Customers who buy candles prefer department stores since they may sample different scents there before deciding to buy.
Moreover, the online segment is projected to grow with a significant CAGR of xx% over the forecast period.
By Region
North America
APAC
Europe
South America
Middle East & Africa
In 2022, Europe had a revenue share of around 32% of the global market for luxury candles.Luxury candles are more of a luxury than merely a product. The pleasant smells improve people's life and help in stress and anxiety relief. Another aspect raising the market's expansion is the extremely cold environment in several European nations.
By Company
Byredo
Diptyque Paris
Jo Malone London
Fornasetti S.P.A.
Louis Vuitton
Eight & Bob
LUMIRA Co Pty Ltd
Le Labo
Trudon
Ellis Brooklyn
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
Any special requirements about this report, please let us know and we can provide custom report.
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