Published Date: 5-Feb-2021
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According to a new report Global Scented Candles Market, published by KBV research, The Global Scented Candles Market size is expected to reach $645.7 Million by 2026, rising at a market growth of 11.8% CAGR during the forecast period.
The Container based market dominated the Global Scented Candles Market by Product in 2019, growing at a CAGR of 11.5 % during the forecast period. The Pillars market is estimated to grow at a CAGR of 11.3% during (2020 - 2026).
The online distribution channel segment is anticipated to show significant growth over the forecast period. Due to increased penetration of internet, the e-commerce platform is influencing the sales of scented candles in the market. Some major online sellers are Candle Warehouse, Amazon, Prosperity Candle, Nordic Nest, and Candles Scandinavia Group AB. Key manufacturers looking at the trend have planned to integrate online distribution channels that will strengthen their market.
The North America market dominated the Global Scented Candles Market by Region in 2019. The market growth for the scented candles in North America is expected to be driven by various factors. Some of the factors include the increasing demand for scented candles used for aromatherapy, stress reduction, home décor, and relaxation among the consumers. Among North America, the US is expected to maintain its dominance over the forecast period and likely to show a moderate growth rate in the coming years. The Europe market would showcase a CAGR of 11.4% during (2020 - 2026). Additionally, The Asia Pacific market is expected to witness a CAGR of 13.1% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/scented-candles-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Estee Lauder Companies, Inc., Lalique Group SA, Portmeirion Group Limited, L Brands, Inc., Newell Brands, Inc., Hyfusin Group Holdings Limited (AVW International Limited), Diptyque (Manzanita Capital Ltd.), MVP Group International, Inc., Village Candle, Inc. (Stonewall Kitchen), and NEST Fragrances (Eurazeo).
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