The North America Luxury Candle Market would witness market growth of 9.8% CAGR during the forecast period (2023-2029).
People who adore candles nowadays might want to enhance their home's décor with ornamental items. To give a luxurious appearance, candle brands add visual artistic elements to the candle vessels and packaging. These candles allow craftsmanship and end to take the spotlight in any household, whether they include vibrant colour schemes or art-inspired designs. Even though they are more expensive, many premium companies use natural and sustainable waxes like beeswax, soy, and coconut. Moreover, burning a candle for an extended period guarantees a non-toxic cleaner option.
Although a candle's wick may appear to be a little insignificant component, the choice of wick significantly impacts how well a candle burns and releases scent into a space. A clean burn at a constant, moderate temperature is what one can anticipate from a luxury candle, providing the ideal, hassle-free experience. All of it is possible with the correct wick. Each blend of fragrances, the wax used, and candle size is carefully considered while designing the wick's thickness, material composition, and braiding.
The home decor industry has expanded due to the US rapidly changing lifestyle and a growing number of housing possessions. Products like scented candles, which can improve the living area, are becoming increasingly popular. The booming real estate sector significantly contributes to the fast expansion of the home décor market. More individuals are turning to online retailers to discover items to beautify their houses.
In addition, the growth of many small enterprises is a significant trend affecting the home décor sector. There are currently more small enterprises present than ever before. Usually, these companies provide distinctive goods and services that big companies cannot. As a result, they are drawing more customers to them and promoting the expansion of the luxury candle market in the region.
The US market dominated the North America Luxury Candle Market by Country in 2022; thereby, achieving a market value of $203.5 Million by 2029, growing at a CAGR of 9.1 % during the forecast period. The Canada market is estimated to grow at a CAGR of 12.3% during (2023 - 2029). Additionally, The Mexico market would exhibit a CAGR of 11.4% during (2023 - 2029).
Based on Product, the market is segmented into Container, Pillar, Votive, Tapers and Others. Based on Distribution Channel, the market is segmented into Departmental Stores, Specialty Stores, Stand-Alone Boutiques and Online. Based on Wax Type, the market is segmented into Paraffin, Soywax, Beeswax, Palm Wax and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Luxury Candle Market is Projected to reach USD 939 Million by 2029, at a CAGR of 10.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LVMH SE, Diptyque SAS (Manzanita Capital UK LLP), Hermès International, Trudon, Ellis Brooklyn, E&B Parfums SL, LUMIRA Co Pty Ltd, Le Labo (The Estée Lauder Companies, Inc.), Byredo (PUIG, S.L.) and Fornasetti S.P.A.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Container
- Pillar
- Votive
- Tapers
- Others
By Distribution Channel
- Departmental Stores
- Specialty Stores
- Stand-Alone Boutiques
- Online
By Wax Type
- Paraffin
- Soywax
- Beeswax
- Palm Wax
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- LVMH SE
- Diptyque SAS (Manzanita Capital UK LLP)
- Hermès International
- Trudon
- Ellis Brooklyn
- E&B Parfums SL
- LUMIRA Co Pty Ltd
- Le Labo (The Estée Lauder Companies, Inc.)
- Byredo (PUIG, S.L.)
- Fornasetti S.P.A.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Luxury Candle Market, by Product
1.4.2 North America Luxury Candle Market, by Distribution Channel
1.4.3 North America Luxury Candle Market, by Wax Type
1.4.4 North America Luxury Candle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, Oct) Leading Players
Chapter 4. North America Luxury Candle Market by Product
4.1 North America Container Market by Country
4.2 North America Pillar Market by Country
4.3 North America Votive Market by Country
4.4 North America Tapers Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Luxury Candle Market by Distribution Channel
5.1 North America Departmental Stores Market by Country
5.2 North America Specialty Stores Market by Country
5.3 North America Stand-Alone Boutiques Market by Country
5.4 North America Online Market by Country
Chapter 6. North America Luxury Candle Market by Wax Type
6.1 North America Paraffin Market by Country
6.2 North America Soywax Market by Country
6.3 North America Beeswax Market by Country
6.4 North America Palm Wax Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Luxury Candle Market by Country
7.1 US Luxury Candle Market
7.1.1 US Luxury Candle Market by Product
7.1.2 US Luxury Candle Market by Distribution Channel
7.1.3 US Luxury Candle Market by Wax Type
7.2 Canada Luxury Candle Market
7.2.1 Canada Luxury Candle Market by Product
7.2.2 Canada Luxury Candle Market by Distribution Channel
7.2.3 Canada Luxury Candle Market by Wax Type
7.3 Mexico Luxury Candle Market
7.3.1 Mexico Luxury Candle Market by Product
7.3.2 Mexico Luxury Candle Market by Distribution Channel
7.3.3 Mexico Luxury Candle Market by Wax Type
7.4 Rest of North America Luxury Candle Market
7.4.1 Rest of North America Luxury Candle Market by Product
7.4.2 Rest of North America Luxury Candle Market by Distribution Channel
7.4.3 Rest of North America Luxury Candle Market by Wax Type
Chapter 8. Company Profiles
8.1 LVMH SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Acquisition and Mergers:
8.2 Hermès International
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Geographical Expansions:
8.3 Le Labo (The Estée Lauder Companies, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.4 Byredo (PUIG, S.L.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Product Category and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Product Launches and Product Expansions:
8.5 Diptyque SAS (Manzanita Capital UK LLP)
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.2.2 Geographical Expansions:
8.6 LUMIRA Co Pty Ltd
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 Ellis Brooklyn
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 Fornasetti S.P.A.
8.8.1 Company Overview
8.9 E&B Parfums SL
8.9.1 Company Overview
8.10. Trudon
8.10.1 Company Overview
TABLE 1 North America Luxury Candle Market, 2019 - 2022, USD Million
TABLE 2 North America Luxury Candle Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Luxury Candle Market
TABLE 4 Product Launches And Product Expansions– Luxury Candle Market
TABLE 5 Acquisition and Mergers– Luxury Candle Market
TABLE 6 geographical expansions – Luxury Candle Market
TABLE 7 North America Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 8 North America Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 9 North America Container Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Container Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Pillar Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Pillar Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Votive Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Votive Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Tapers Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Tapers Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 20 North America Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 21 North America Departmental Stores Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Departmental Stores Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Specialty Stores Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Specialty Stores Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Stand-Alone Boutiques Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Stand-Alone Boutiques Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Online Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Online Market by Country, 2023 - 2029, USD Million
TABLE 29 North America Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 30 North America Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 31 North America Paraffin Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Paraffin Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Soywax Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Soywax Market by Country, 2023 - 2029, USD Million
TABLE 35 North America Beeswax Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Beeswax Market by Country, 2023 - 2029, USD Million
TABLE 37 North America Palm Wax Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Palm Wax Market by Country, 2023 - 2029, USD Million
TABLE 39 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 41 North America Luxury Candle Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Luxury Candle Market by Country, 2023 - 2029, USD Million
TABLE 43 US Luxury Candle Market, 2019 - 2022, USD Million
TABLE 44 US Luxury Candle Market, 2023 - 2029, USD Million
TABLE 45 US Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 46 US Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 47 US Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 48 US Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 49 US Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 50 US Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 51 Canada Luxury Candle Market, 2019 - 2022, USD Million
TABLE 52 Canada Luxury Candle Market, 2023 - 2029, USD Million
TABLE 53 Canada Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 54 Canada Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 55 Canada Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Canada Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Canada Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 58 Canada Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 59 Mexico Luxury Candle Market, 2019 - 2022, USD Million
TABLE 60 Mexico Luxury Candle Market, 2023 - 2029, USD Million
TABLE 61 Mexico Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 62 Mexico Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 63 Mexico Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 64 Mexico Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 65 Mexico Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 66 Mexico Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 67 Rest of North America Luxury Candle Market, 2019 - 2022, USD Million
TABLE 68 Rest of North America Luxury Candle Market, 2023 - 2029, USD Million
TABLE 69 Rest of North America Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 70 Rest of North America Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 71 Rest of North America Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 72 Rest of North America Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 73 Rest of North America Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 74 Rest of North America Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 75 key Information – LVMH SE
TABLE 76 key information – Hermès International
TABLE 77 Key Information – Le Labo
TABLE 78 Key Information – Byredo
TABLE 79 key Information – Diptyque SAS
TABLE 80 Key Information – LUMIRA Co Pty Ltd
TABLE 81 Key Information – Ellis Brooklyn
TABLE 82 Key Information – Fornasetti S.P.A.
TABLE 83 Key Information – E&B Parfums SL
TABLE 84 Key Information – Trudon
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, Oct) Leading Players
FIG 5 Recent strategies and developments: Diptyque SAS