Scented Candles Market By Product (Container-based, Pillar, Others), By Wax Type (Paraffin Wax, Soy Wax, Blended, Beeswax, Palm Wax) - Growth, Share, Opportunities & Competitive Analysis, 2024 - 2032

27 Jul 2023 Format PDF icon PPT icon XLS icon Request Sample

The scented candles market has witnessed substantial growth over the years, driven by the rising demand for home fragrance products and the increasing popularity of aromatherapy. Scented candles not only add a pleasant aroma to living spaces but also create a calming and relaxing ambiance. The market is expected to continue its growth trajectory, with a projected CAGR of 4% during the forecast period of 2024 to 2032. Several factors contribute to the market's expansion, including the growing preference for eco-friendly and natural candles, the influence of social media and lifestyle trends, and the wide availability of scented candles across various distribution channels. However, the market faces challenges related to safety concerns and increasing competition from alternative home fragrance products.

Scented Candles Market

Growing Preference for Eco-friendly and Natural Candles

Consumers are increasingly seeking eco-friendly and natural products, including scented candles made from sustainable and renewable materials. Paraffin wax, commonly used in traditional candles, has raised concerns due to its petroleum-derived nature and potential release of harmful toxins when burned. In response, manufacturers are offering scented candles made from soy wax, beeswax, or other plant-based materials that are more environmentally friendly and emit cleaner fragrances. Eco-conscious consumers prefer scented candles with natural ingredients and biodegradable packaging, contributing to the rising demand for eco-friendly options in the market.

Influence of Social Media and Lifestyle Trends

The power of social media in shaping consumer preferences cannot be underestimated. Influencers and lifestyle bloggers often feature scented candles in their home decor and self-care content, driving consumer interest and fostering a sense of lifestyle aspiration. The aesthetically pleasing images of scented candles displayed on social media platforms have significantly boosted their popularity. Moreover, lifestyle trends that emphasize self-care and creating a cozy home environment have further bolstered the demand for scented candles. The practice of self-care, often associated with relaxation and stress reduction, has led consumers to incorporate scented candles into their daily routines.

Wide Availability across Distribution Channels

Scented candles are readily available across various distribution channels, including specialty stores, department stores, online platforms, and supermarkets. The accessibility and convenience of purchasing scented candles from diverse retail outlets have significantly contributed to market growth. Consumers can choose from a wide range of scents and candle types, allowing them to personalize their home fragrance preferences. The availability of scented candles in different price ranges and sizes also caters to a broader consumer base, further propelling market expansion.

Safety Concerns and Competition from Alternative Home Fragrance Products

While scented candles are popular for their fragrance and ambiance-enhancing properties, there are safety concerns associated with their use. Improper candle use, such as leaving candles unattended or placing them near flammable objects, may lead to fire accidents. Safety awareness campaigns and guidelines are necessary to educate consumers about safe candle usage. Additionally, scented candles face competition from alternative home fragrance products, such as reed diffusers, electric wax warmers, and essential oil diffusers. These products offer continuous fragrance release without the need for an open flame, addressing safety concerns and appealing to consumers seeking flame-free options.

Market Segmentation by Product: Container-Based Candles Segment Dominates the Market

The scented candles market is segmented by product into container-based, pillar candles, and others. In 2023, container-based candles dominated the market in terms of revenue, container-based candles, also known as jar candles, are enclosed in glass or metal containers, ensuring safe and controlled burning. The convenience of container candles, with their self-contained design and ability to retain fragrance for longer periods, has contributed to their popularity. Moreover, container candles often feature attractive designs and can be easily placed and moved around living spaces, making them a favored choice for home decor and gifting purposes. The pillar candles segment exhibited the highest CAGR during the forecast period of 2024 to 2032. Pillar candles are versatile, free-standing candles characterized by their cylindrical shape. They are available in various sizes and heights, allowing consumers to choose candles that suit their decorative preferences. The pillar candles segment is expected to witness the highest CAGR during the forecast period, driven by the demand for decorative candles and the growing use of pillar candles in religious and ceremonial settings.

Market Segmentation by Category: Mass-Market Segment Dominates the Market

The market is further segmented by category into mass-market and premium scented candles. In 2023, the mass-market segment dominated the market in terms of revenue. Mass-market scented candles are priced affordably and widely available across various retail channels, making them accessible to a large consumer base. These candles cater to budget-conscious consumers seeking quality scented candles at reasonable prices. The mass-market segment's dominance can be attributed to the widespread availability and affordability of these candles, making them a popular choice for regular use and gifting. The premium segment exhibited the highest CAGR during the forecast period of 2024 to 2032. Premium scented candles are positioned as high-quality, luxurious products with unique fragrances and sophisticated packaging. These candles often feature premium ingredients and are handcrafted, appealing to consumers seeking indulgence and a premium home fragrance experience. The premium segment is expected to exhibit the highest CAGR during the forecast period, driven by the increasing demand for indulgent self-care products and a willingness to invest in high-end home fragrance options.

North America Remains the Global Leader

North America led the scented candles market in terms of revenue in 2023, driven by the region's high consumer awareness and affinity for home fragrance products. Moreover, the demand for scented candles in North America is influenced by lifestyle trends emphasizing home decor and self-care. The Asia-Pacific region is anticipated to experience the highest CAGR during the forecast period of 2024 to 2032. Factors such as the growing urban population, rising disposable income, and changing lifestyle preferences contribute to the market growth in the Asia-Pacific region.

Market Competition to Intensify during the Forecast Period

The scented candles market is highly competitive, with several key players vying for market share. Some of the top players in the market include The Yankee Candle Company, Bath & Body Works, Jo Malone London, Diptyque Paris, Voluspa., CoScentrix, P&G, Reckitt Benckiser (Air Wick), Colonial Candle, Welburn Candles Pvt. Ltd., Lee Naturals, The Conscious Candle, Bolsius International BV, Parcan And Other Notable Players. To maintain their market position, these players focus on product innovation, expanding their scent offerings, and adopting sustainable packaging practices to appeal to eco-conscious consumers. Additionally, strategic collaborations with retail partners and effective marketing campaigns further enhance their market presence. As of 2023, the scented candles market has exhibited robust growth, and these top players have capitalized on market opportunities. Looking ahead to the forecast period from 2024 to 2032, it is expected that these players will continue to dominate the market and drive its growth through continued innovation and strategic initiatives.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Scented Candles market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Scented Candles market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
  • Container-based
  • Pillar
  • Others

Wax Type
  • Paraffin Wax
  • Soy Wax
  • Blended
  • Beeswax
  • Palm Wax

  • Mass
  • Premium

Distribution Channel
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online
  • Others (Specialty Stores, Standalone Boutiques)

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Scented Candles market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Scented Candles market?
  • Which is the largest regional market for Scented Candles market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Scented Candles market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Scented Candles market worldwide?
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