The North America Wax Melts Market would witness market growth of 4.9% CAGR during the forecast period (2023-2029).
Wax melts are substances that have a low melting point but are flexible and solid at ambient temperature. Since they are produced by many different species of living beings, they can be created using components that are derived from plants and animals. A common animal-based product that is derived from honeycombs and is thought to have a highly rich texture is beeswax. Additionally, petroleum-related compounds like paraffin and polyethylene derivatives are utilized in the vacuum distillation of crude oil to generate these chemicals. These are primarily regarded as synthetic variations that are employed on a huge scale in industrial manufacturers of lubricants, adhesives, and polishes because they are economical.
Above 40°C, wax, a hydrocarbon fat, melts and transforms into a viscous liquid. The main application of wax is in industry, especially in coatings. Wax is frequently used in processing as a basic material as well as an additive. Wax melts are molded wax objects that also contain aromatic ingredients. This wax is heated in a unique apparatus and when it melts, a fragrant gas is released. Wax melts with different smells and forms are available. Their use in cosmetic goods is growing as a result of the pleasant and fresh aroma they generate.
The retail home décor industry in Canada is expanding quickly. Numerous variables, such as the increase in household income and people's desire to improve their homes, are responsible for the rise. In addition, the home décor industry is being shaped by several key trends. The move to online buying is the most significant of these. Due to the availability and ease of internet merchants, many Canadians prefer to shop online. The expansion of numerous small firms is another significant trend influencing the home décor sector. Today, more small enterprises are functioning in the region than ever before. These companies typically provide distinctive goods and services that big corporations cannot. As a result, they are drawing more customers, which is helping the market in the region to expand.
The US market dominated the North America Wax Melts Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,204.8 Million by 2029. The Canada market is poised to grow at a CAGR of 7% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 6.7% during (2023 - 2029).
Based on Pack, the market is segmented into Multi, and Single. Based on Application, the market is segmented into Household, and Commercial. Based on Product, the market is segmented into Paraffin, Soy Wax, Palm Wax, Beeswax, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Wax Melts Market is Projected to reach USD 4.6 Billion by 2029, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Yankee Candle Company (Newell Brands, Inc.), The Bridgewater Candle Company, NEST Fragrances, S. C. Johnson & Son, Inc., East Coast Candle Co., Michaels Stores, Inc., Scentsy, Inc., Bramble Bay Candle Co., Wax Warmups and Candles By Victoria.
Scope of the Study
Market Segments Covered in the Report:
By Pack
By Application
By Product
- Paraffin
- Soy Wax
- Palm Wax
- Beeswax
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- The Yankee Candle Company (Newell Brands, Inc.)
- The Bridgewater Candle Company
- NEST Fragrances
- S. C. Johnson & Son, Inc.
- East Coast Candle Co.
- Michaels Stores, Inc.
- Scentsy, Inc.
- Bramble Bay Candle Co.
- Wax Warmups
- Candles By Victoria
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Wax Melts Market, by Pack
1.4.2 North America Wax Melts Market, by Application
1.4.3 North America Wax Melts Market, by Product
1.4.4 North America Wax Melts 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. North America Wax Melts Market by Pack
3.1 North America Multi Market by Country
3.2 North America Single Market by Country
Chapter 4. North America Wax Melts Market by Application
4.1 North America Household Market by Country
4.2 North America Commercial Market by Country
Chapter 5. North America Wax Melts Market by Product
5.1 North America Paraffin Market by Country
5.2 North America Soy Wax Market by Country
5.3 North America Palm Wax Market by Country
5.4 North America Beeswax Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Wax Melts Market by Country
6.1 US Wax Melts Market
6.1.1 US Wax Melts Market by Pack
6.1.2 US Wax Melts Market by Application
6.1.3 US Wax Melts Market by Product
6.2 Canada Wax Melts Market
6.2.1 Canada Wax Melts Market by Pack
6.2.2 Canada Wax Melts Market by Application
6.2.3 Canada Wax Melts Market by Product
6.3 Mexico Wax Melts Market
6.3.1 Mexico Wax Melts Market by Pack
6.3.2 Mexico Wax Melts Market by Application
6.3.3 Mexico Wax Melts Market by Product
6.4 Rest of North America Wax Melts Market
6.4.1 Rest of North America Wax Melts Market by Pack
6.4.2 Rest of North America Wax Melts Market by Application
6.4.3 Rest of North America Wax Melts Market by Product
Chapter 7. Company Profiles
7.1 The Yankee Candle Company (Newell Brands, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.2 The Bridgewater Candle Company
7.2.1 Company Overview
7.3 NEST Fragrances
7.3.1 Company Overview
7.4 S. C. Johnson & Son, Inc.
7.4.1 Company Overview
7.5 East Coast Candle Co.
7.5.1 Company Overview
7.6 Michaels Stores, Inc.
7.6.1 Company Overview
7.7 Scentsy, Inc.
7.7.1 Company Overview
7.8 Bramble Bay Candle Co.
7.8.1 Company Overview
7.9 Wax Warmups
7.9.1 Company Overview
7.10. Candles By Victoria
7.10.1 Company Overview
TABLE 1 North America Wax Melts Market, 2019 - 2022, USD Million
TABLE 2 North America Wax Melts Market, 2023 - 2029, USD Million
TABLE 3 North America Wax Melts Market by Pack, 2019 - 2022, USD Million
TABLE 4 North America Wax Melts Market by Pack, 2023 - 2029, USD Million
TABLE 5 North America Multi Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Multi Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Single Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Single Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Wax Melts Market by Application, 2019 - 2022, USD Million
TABLE 10 North America Wax Melts Market by Application, 2023 - 2029, USD Million
TABLE 11 North America Household Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Household Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Commercial Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Wax Melts Market by Product, 2019 - 2022, USD Million
TABLE 16 North America Wax Melts Market by Product, 2023 - 2029, USD Million
TABLE 17 North America Paraffin Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Paraffin Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Soy Wax Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Soy Wax Market by Country, 2023 - 2029, USD Million
TABLE 21 North America Palm Wax Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Palm Wax Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Beeswax Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Beeswax Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Wax Melts Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Wax Melts Market by Country, 2023 - 2029, USD Million
TABLE 29 US Wax Melts Market, 2019 - 2022, USD Million
TABLE 30 US Wax Melts Market, 2023 - 2029, USD Million
TABLE 31 US Wax Melts Market by Pack, 2019 - 2022, USD Million
TABLE 32 US Wax Melts Market by Pack, 2023 - 2029, USD Million
TABLE 33 US Wax Melts Market by Application, 2019 - 2022, USD Million
TABLE 34 US Wax Melts Market by Application, 2023 - 2029, USD Million
TABLE 35 US Wax Melts Market by Product, 2019 - 2022, USD Million
TABLE 36 US Wax Melts Market by Product, 2023 - 2029, USD Million
TABLE 37 Canada Wax Melts Market, 2019 - 2022, USD Million
TABLE 38 Canada Wax Melts Market, 2023 - 2029, USD Million
TABLE 39 Canada Wax Melts Market by Pack, 2019 - 2022, USD Million
TABLE 40 Canada Wax Melts Market by Pack, 2023 - 2029, USD Million
TABLE 41 Canada Wax Melts Market by Application, 2019 - 2022, USD Million
TABLE 42 Canada Wax Melts Market by Application, 2023 - 2029, USD Million
TABLE 43 Canada Wax Melts Market by Product, 2019 - 2022, USD Million
TABLE 44 Canada Wax Melts Market by Product, 2023 - 2029, USD Million
TABLE 45 Mexico Wax Melts Market, 2019 - 2022, USD Million
TABLE 46 Mexico Wax Melts Market, 2023 - 2029, USD Million
TABLE 47 Mexico Wax Melts Market by Pack, 2019 - 2022, USD Million
TABLE 48 Mexico Wax Melts Market by Pack, 2023 - 2029, USD Million
TABLE 49 Mexico Wax Melts Market by Application, 2019 - 2022, USD Million
TABLE 50 Mexico Wax Melts Market by Application, 2023 - 2029, USD Million
TABLE 51 Mexico Wax Melts Market by Product, 2019 - 2022, USD Million
TABLE 52 Mexico Wax Melts Market by Product, 2023 - 2029, USD Million
TABLE 53 Rest of North America Wax Melts Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Wax Melts Market, 2023 - 2029, USD Million
TABLE 55 Rest of North America Wax Melts Market by Pack, 2019 - 2022, USD Million
TABLE 56 Rest of North America Wax Melts Market by Pack, 2023 - 2029, USD Million
TABLE 57 Rest of North America Wax Melts Market by Application, 2019 - 2022, USD Million
TABLE 58 Rest of North America Wax Melts Market by Application, 2023 - 2029, USD Million
TABLE 59 Rest of North America Wax Melts Market by Product, 2019 - 2022, USD Million
TABLE 60 Rest of North America Wax Melts Market by Product, 2023 - 2029, USD Million
TABLE 61 Key Information – The Yankee Candle Company
TABLE 62 Key Information – The Bridgewater Candle Company
TABLE 63 Key Information – NEST Fragrances
TABLE 64 Key Information – S. C. Johnson & Son, Inc.
TABLE 65 Key Information – East Coast Candle Co.
TABLE 66 Key Information – Michaels Stores, Inc.
TABLE 67 Key Information – Scentsy, Inc.
TABLE 68 Key Information – Bramble Bay Candle Co.
TABLE 69 Key Information – Wax WARMUPS
TABLE 70 Key Information – Candles By Victoria
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Wax Melts Market share by Pack, 2022
FIG 3 North America Wax Melts Market share by Pack, 2029
FIG 4 North America Wax Melts Market by Pack, 2019 - 2029, USD Million
FIG 5 North America Wax Melts Market share by Application, 2022
FIG 6 North America Wax Melts Market share by Application, 2029
FIG 7 North America Wax Melts Market by Application, 2019 - 2029, USD Million
FIG 8 North America Wax Melts Market share by Product, 2022
FIG 9 North America Wax Melts Market share by Product, 2029
FIG 10 North America Wax Melts Market by Product, 2019 - 2029, USD Million
FIG 11 North America Wax Melts Market share by Country, 2022
FIG 12 North America Wax Melts Market share by Country, 2029
FIG 13 North America Wax Melts Market by Country, 2019 - 2029, USD Million