The North America Scented Candles Market would witness market growth of 10.9% CAGR during the forecast period (2020-2026). A Scented Candles are those candles which are made up of natural or synthetic scented material blended into it. It is believed that scented candles generate psychological and positive effects from the ambient odour and fragrances.
There are two types of materials that are used for aroma in scented candles: fragrant chemicals and plant extracts/essential oils. Due to the evaporation of the fragrance from a lighted scented candle from the pool of heated wax, produces the aroma. So, the scented candles produce fragrance when the wax gets heated. Essential oils are derived from trees, shrubs, herbs, and flowers across the globe. These essential oils have unique chemical characteristics. Fragrant chemicals are mostly derived from either animal sources or petroleum.
Scented candles are used in the residential segment as well as hospitality industry outlets such as restaurants, spas, and hotels owing to their aromatic and soothing properties. Moreover, several consumers are preferring scented candles due to their therapeutic properties. These are some factors that are driving the market growth in recent years. However, the market growth is expected to be hampered by the Covid-19 crisis.
The scented candle market is highly distributed due to the presence of highly competitive international players in the global market of scented candles. The fragmentation is also favored by local players who have the advantages of tariff costs and lower labor. At the same time, a largely unorganized sector has become a big challenge for the major players of the market.
Based on Distribution Channel, the market is segmented into Convenience Stores, Hypermarkets & Supermarkets and Online. Based on Product, the market is segmented into Container based, Pillars and Other Products. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Scented Candles Market in North America is expected to register a CAGR of 10.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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