Global Wax Melts Market, Analysis and Forecast to 2030, By Product, By Pack, By Application
- Published Date : 2023-01-03
- Pages : 100
- Report Id : 40345
- Categories : Consumer Goods
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.
TABLE OF CONTENTS
Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Parent/Associated Market Overview
3.1.1. Wax Melts Market Outlook
3.1.2. Wax Melts Market Overview
3.2. Effect of Covid-19 Impact
3.3. Effect of Russia-Ukraine Impact
3.4. Macro-Economic Overview
3.4.1. GDP Growth
3.4.2. Retail Industry Growth
3.5. Pricing Analysis
3.6. Challenges related to adoption of Title
3.7. Regulations of Wax Melts Market
3.8. Forecast Factors: Relevance and Impact
3.9. Market Dynamics
3.9.1. Drivers
3.9.2. Restraints
3.9.3. Opportunity
3.9.4. Trends
3.9.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Wax MeltsValue Chain Analysis
5.1. Wax MeltsValue Chain
5.1.1. List of Raw Material Suppliers
5.1.2. List of Wax MeltsManufacturer
5.1.3. List of Segment
6. Global Wax Melts Market Analysis By Product
6.1. Introduction
6.1.1. Market Value Share Analysis By Product
6.1.2. Y-o-Y Growth Analysis By Product
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Product
6.3. Market Attractiveness Analysis By Product
7. Global Wax Melts Market Analysis By Pack
7.1. Introduction
7.1.1. Market Value Share Analysis By Pack
7.1.2. Y-o-Y Growth Analysis By Pack
7.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Pack
7.3. Market Attractiveness Analysis By Pack
8. Market Structure Analysis
8.1. Market Analysis by Tier of Companies
8.1.1. By Large, Medium, and Small
8.2. Market Concentration
8.2.1. By Top 5 and by Top 10
8.3. Production Capacity Share Analysis
8.3.1. By Large, Medium, and Small
8.3.2. By Top 5 and Top 10
8.4. Technology Roadmap
9. Competition Analysis
9.1. Competition Dashboard
9.2. Company Profiles (15 Companies)
9.2.1. East Coast Candles
9.2.1.1. Overview
9.2.1.2. Product Portfolio
9.2.1.3. Financial Overview
9.2.2. The Yankee Candle Company
9.2.2.1. Overview
9.2.2.2. Product Portfolio
9.2.2.3. Financial Overview
9.2.3. Michaels Stores, Inc.
9.2.3.1. Overview
9.2.3.2. Product Portfolio
9.2.3.3. Financial Overview
9.2.4. Scentsy, Inc.
9.2.4.1. Overview
9.2.4.2. Product Portfolio
9.2.4.3. Financial Overview
9.2.5. Bridgewater Candle Company
9.2.5.1. Overview
9.2.5.2. Product Portfolio
9.2.5.3. Financial Overview
9.2.6. Bramble Bay Candle Co.
9.2.6.1. Overview
9.2.6.2. Product Portfolio
9.2.6.3. Financial Overview
9.2.7. AFFCO Holdings
9.2.7.1. Overview
9.2.7.2. Product Portfolio
9.2.7.3. Financial Overview
9.2.8. Candles by Victoria
9.2.8.1. Overview
9.2.8.2. Product Portfolio
9.2.8.3. Financial Overview
9.2.9. Stora Enso Oyj
9.2.9.1. Overview
9.2.9.2. Product Portfolio
9.2.9.3. Financial Overview
9.2.10. C. Johnson & Sons Inc.
9.2.10.1. Overview
9.2.10.2. Product Portfolio
9.2.10.3. Financial Overview
9.2.11. COMPANY11
9.2.11.1. Overview
9.2.11.2. Product Portfolio
9.2.11.3. Financial Overview
9.2.12. COMPANY12
9.2.12.1. Overview
9.2.12.2. Product Portfolio
9.2.12.3. Financial Overview
9.2.13. COMPANY13
9.2.13.1. Overview
9.2.13.2. Product Portfolio
9.2.13.3. Financial Overview
9.2.14. COMPANY14
9.2.14.1. Overview
9.2.14.2. Product Portfolio
9.2.14.3. Financial Overview
9.2.15. COMPANY15
9.2.15.1. Overview
9.2.15.2. Product Portfolio
9.2.15.3. Financial Overview
10. Global Wax Melts Market Analysis By Region
10.1. Introduction
10.1.1. Market Value Share Analysis By Region
10.1.2. Y-o-Y Growth Analysis By Region
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
10.2.1. North America
10.2.2. Asia-Pacific
10.2.3. Middle East and Africa
10.2.4. Asia-Pacific
10.2.5. Others
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
10.3.1. North America
10.3.2. Asia-Pacific
10.3.3. Middle East and Africa
10.3.4. Asia-Pacific
10.3.5. Others
10.4. Market Attractiveness Analysis By Region
11. North America Wax Melts Market Analysis
11.1. Introduction
11.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.2.1. U.S.
11.2.2. Canada
11.2.3. Mexico
11.2.4. Rest of North America
11.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.3.1. U.S.
11.3.2. Canada
11.3.3. Mexico
11.3.4. Rest of North America
11.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Product
11.5. Current Market Size (USD Mn) Forecast 2023-2030 By Product
11.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Pack
11.7. Current Market Size (USD Mn) Forecast 2023-2030 By Pack
12. Middle East and Africa Wax Melts Market Analysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Brazil
12.3.2. Argentina
12.3.3. Rest of Middle East and Africa
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of Middle East and Africa
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Product
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Product
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Pack
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Pack
13. South America Wax Melts Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Germany
13.3.2. Italy
13.3.3. France
13.3.4. Spain
13.3.5. U.K.
13.3.6. Rest of South America
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Germany
13.4.2. Italy
13.4.3. France
13.4.4. Spain
13.4.5. U.K.
13.4.6. Rest of South America
13.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Product
13.6. Current Market Size (USD Mn) Forecast 2023-2030 By Product
13.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Pack
13.8. Current Market Size (USD Mn) Forecast 2023-2030 By Pack
14. Asia-Pacific Wax Melts Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. Saudi Arabia
14.3.2. U.A.E.
14.3.3. South Africa
14.3.4. Turkey
14.3.5. Rest of Asia-Pacific
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. Saudi Arabia
14.4.2. U.A.E.
14.4.3. South Africa
14.4.4. Turkey
14.4.5. Rest of Asia-Pacific
15. Asia-Pacific Wax Melts Market Analysis
15.1. Introduction
15.2. Regional Pricing Analysis
15.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
15.3.1. China
15.3.2. India
15.3.3. Japan
15.3.4. South Korea
15.3.5. Singapore
15.3.6. Australia and New Zealand
15.3.7. Rest of Asia-Pacific
15.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
15.4.1. China
15.4.2. India
15.4.3. Japan
15.4.4. South Korea
15.4.5. Singapore
15.4.6. Australia and New Zealand
15.4.7. Rest of Asia-Pacific
i. Research Methodology
ii. Assumptions & Acronyms
LIST OF FIGURES
Figure 01: Global Wax Melts Market, BPS Analysis, by Product, 2018(H), 2023(E) & 2030(F)
Figure 02: Global Wax Melts Market, Y-O-Y Growth, by Product, 2020(A) - 2030(F)
Figure 03: Global Wax Melts Market Attractiveness Analysis, by Product (2020)
Figure 04: Global Wax Melts Market, BPS Analysis, by Pack, 2018(H), 2023(E) & 2030(F)
Figure 05: Global Wax Melts Market, Y-O-Y Growth, by Pack, 2018(H) - 2030(F)
Figure 06: Global Wax Melts Market Attractiveness Analysis, by Pack
Figure 07: Global Wax Melts Market, Value Analysis, by Product, 2018(H)-2030(F)
Figure 08: Global Wax Melts Market, Value Analysis, by Pack, 2018(H)-2030(F)
Figure 09: Global Wax Melts Market, BPS Analysis, by Region, 2018(H), 2023(E) & 2030(F)
Figure 10: Global Wax Melts Market, Y-O-Y Growth, by Region, 2018(H) - 2030(F)
Figure 11: Global Wax Melts Market Attractiveness Analysis, by Region
Figure 12: North America Wax Melts Market Value (USD Mn Forecast, 2018 � 2022
Figure 13: North America Wax Melts Market Value (USD Mn Forecast, 2023 � 2030
Figure 14: Middle East and Africa Wax Melts Market Value (USD Mn) Forecast, 2018 � 2022
Figure 15: Middle East and Africa Wax Melts Market Value (USD Mn) Forecast, 2023 � 2030
Figure 16: South America Wax Melts Market Value (USD Mn) Forecast, 2018 � 2022
Figure 17: South America Wax Melts Market Value (USD Mn) Forecast, 2023 � 2030
Figure 18: Asia-Pacific Wax Melts Market Value (USD Mn) Forecast, 2018 � 2022
LIST OF TABLES
Table 01: Global Wax Melts Market Value (USD Mn) Forecast, by Product, 2018(H) � 2030(F)
Table 02: Global Wax Melts Market Value (USD Mn) Forecast, by Pack, 2018(H) � 2030(F)
Table 03: Global Wax Melts Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 04: North America Wax Melts Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 05: North America Wax Melts Market Value (USD Mn) Forecast, by Product, 2018(H) � 2030(F)
Table 06: North America Wax Melts Market Value (USD Mn) Forecast, by Pack, 2018(H) � 2030(F)
Table 07: Middle East and Africa Wax Melts Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 08: Middle East and Africa Wax Melts Market Value (USD Mn) Forecast, by Product, 2018(H) � 2030(F)
Table 09: Middle East and Africa Wax Melts Market Value (USD Mn) Forecast, by Pack, 2018(H) � 2030(F)
Table 10: South America Wax Melts Market Value (USD Mn) and Forecast, by Country, 2018(H) � 2030(F)
Table 11: South America Wax Melts Market Value (USD Mn) Forecast, by Product, 2018(H) � 2030(F)
Table 12: South America Wax Melts Market Value (USD Mn) Forecast, by Pack Type, 2018(H) � 2030(F)
Table 13: Asia-Pacific Wax Melts Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 14: Asia-Pacific Wax Melts Market Value (USD Mn) Forecast, by Product, 2018(H) � 2030(F)
Table 15: Asia-Pacific Wax Melts Market Value (USD Mn) Forecast, by Pack, 2018(H) � 2030(F)
Table 16: Asia-Pacific Wax Melts Market Value (USD Mn) Forecast, by Country, 2018(H) � 2030(F)
Table 17: Asia-Pacific Wax Melts Market Value (USD Mn) Forecast, by Product, 2018(H) � 2030(F)
Table 18: Asia-Pacific Wax Melts Market Value (USD Mn) Forecast, by Pack, 2018(H) � 2030(F)
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