This report describes the global market size of Wax Melts 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 5.6% from 2023 to 2030.
Wax melts are scented wax pieces that have been expertly made to improve the atmosphere in any area. These melts, which are usually fashioned into tiny, ornamental shapes, are meant to melt gradually so that their alluring aromas can be released without the use of an open flame. There is a wide variety of odors available in wax melts, from fruity and flowery to spicy or seasonal. People can select scents based on their preferences or the atmosphere they want to create thanks to this variety.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Wax Melts 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 5.6% during the forecast period 2023-2030. North American market for Wax Melts Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of 5.6% 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 Wax Melts 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
Paraffin
Soy Wax
Palm Wax
Beeswax
Others
Melts had a about 29% revenue share in 2023, dominating the global market. Customers like these wax melts because they are widely available and reasonably priced. Because it can carry a lot of scent and work with different kinds of wax melt warmers, this kind of wax is frequently utilized in the candle industry. Market participants are focusing on combining paraffin wax with cutting-edge scents that appeal to their target audiences in order to meet the growing demand from consumers. Additionally, businesses have increased their R&D spending.
By Pack
Single Pack
Multi Pack
In 2023, the multi-pack wax melts category held a substantial revenue share of almost 70%, hence dominating the global market. In recent years, there has been a rise in the demand for multi-pack wax melts for aromatherapy, especially as more people look to create peaceful and tranquil spaces in their homes and offices. By encouraging clients to buy in bulk, significant businesses can increase their revenue by providing multi-pack wax melt. When combined with promotional discounts or other incentives to boost sales and support revenue development, this can be quite effective.
By Application
Household
Commercial
In 2023, wax melts intended for domestic use held a market share of approximately 60%. For a variety of home uses, wax melts are a well-liked substitute for scented candles. In essence, they are scented wax pieces that are melted in a wax warmer to release scents into the atmosphere. Wax melts can be used to improve the ambience of any location, get rid of offensive smells, freshen up a space, and create a calming atmosphere. They are frequently utilized to create a warm and welcoming atmosphere in living areas, bedrooms, baths, and kitchens.
By Company
East Coast Candles
The Yankee Candle Company
Michaels Stores, Inc.
Scentsy, Inc.
Bridgewater Candle Company
Bramble Bay Candle Co.
AFFCO Holdings
Candles by Victoria
Stora Enso Oyj
C. Johnson & Sons Inc.
NEST Fragrances, LLC.
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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