In 2022, the global size for outdoor candles market was valued at USD 3.09 Billion and is projected to experience a significant growth in revenue with a CAGR of 3.4% during the forecast period. The market's growth is mainly attributed to several factors, such as the increasing demand for outdoor living spaces, the growing popularity of home decor, and the rising preference of customers towards environmentally friendly and sustainable products.
The trend of creating cozy and inviting outdoor living spaces has contributed to the surge in the use of outdoor candles. These candles are a popular choice for various outdoor events, including barbecues, picnics, and outdoor weddings, as they help create a relaxing and pleasant atmosphere. This has resulted in a higher demand for outdoor candles from both individual customers and businesses, such as hotels, restaurants, and event planners.
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Top Profiled Companies in the Global Candle Market Report:
- Yankee Candle Company
- The Bath & Body Works, LLC
- Glade
- PartyLite
- Chesapeake Bay Candle
- Bolsius International BV
- Blyth, Inc.
- Candle-lite Company
- Colonial Candle
- Himalayan Trading Post
Major Driving Factors For Candle Market:
· Increasing demand for outdoor living spaces: The rising trend of creating outdoor living spaces has resulted in a higher demand for outdoor candles as they help create a cozy and inviting atmosphere.
· Growing popularity of home decor: Outdoor candles are increasingly being used as a decorative element in outdoor spaces, which has led to a surge in demand for aesthetically pleasing and stylish candles.
· Preference for eco-friendly and sustainable products: Consumers are increasingly opting for environmentally friendly and sustainable products, and this trend has led to a higher demand for outdoor candles made from natural and eco-friendly materials
· Rise in outdoor events and gatherings: Outdoor candles are popularly used in outdoor events such as weddings, parties, and picnics, which has led to an increase in demand for these candles.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Type Outlook:
- Scented
- Unscented
- Citronella
- Others
Material Outlook:
- Wax
- Soy
- Beeswax
- Others
Distribution Outlook:
- Online
- Offline
Key Takeaways of the Global Candle Market Report:
· A comprehensive overview of the global Outdoor Candle industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Candle Market.
· Elaborate study of the leading regional markets in the global Candle Market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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