The Market Reports

Synopsis
The global market for Candle was estimated to be worth US$ 6478 million in 2024 and is forecast to a readjusted size of US$ 7653 million by 2031 with a CAGR of 2.4% during the forecast period 2025-2031.

A candle is made of wax or other fuel, with a wick in it, and can continue to burn after being ignited. When the wick is lit, the flame melts the wax near the wick, which then vaporizes and combusts to produce light and, often, a pleasant scent. It can also be used to provide heat, or as a method of keeping time. Candles are also used in festivals or other special days and places of worship etc.

Candle industry with distribution is different from other industry, consequently, this market faces some big challenges. Candle usage frequency needs to increase to reinvigorate sales, private label products present a growing threat to branded products. However, the high-end candle segment is the area that continues to see strong growth. As the low- and mid-cost candles continue to erode under the pressure of strong competition, the high-end segment continues to tap into the home decorating angle for increased sales. Utilizing fewer mainstream methods for distribution (such as mass merchandisers and retailers), these manufacturers have been able to position their products as luxury and true home decor items.

The candle craft products industry belongs to the daily consumer goods industry. After years of development, the market has become relatively mature, and its overall market sales will not experience a rapid growth in leaps and bounds. However, for reasons such as culture, religion and daily life habits, candles, aromatherapy and related products have become necessities of life for European and American consumer groups, and related consumption habits and consumption patterns are relatively less affected by macroeconomic fluctuations. In recent years, with the improvement of people's material living standards and the impact of globalization on residents' lifestyles, especially the transformation of residents' consumption behavior from basic to enjoyment, candles are expected to be gradually accepted by the market as life accessories. Therefore, the market's consumer demand for candle products will exist stably for a long time and continue to grow, making the industry have a stable development prospect.

For the past few years, the candle industry grows smoothly. China is the main raw materials for the production of candle, meanwhile, combining with favorable tax policies and large number of available labors, at the same time, Chinese manufacturers are improving their technology, consequently, China is a major exporter of the candle in the future. Taking culture and religion into consideration, candle market has a certain potential in Europe, USA.

Over the past few years, improving incomes and the introduction of a variety of scented and colored candles has helped the industry recover from lows incurred during the recession. Going forward, the Candle Manufacturing industry is expected to continue benefiting from growing demand for candles domestically and abroad. In turn, this will be underpinned by rising disposable spending and a sustained preference for candles as scented and colored additives to rooms and households.

Barriers to entry in the Candle Manufacturing industry are low. Production inputs, such as wax, fragrances and colorants are cheap and relatively easy to source, enabling and encouraging entry during periods of high demand and promising profit margins. In addition, financing for a small production facility and relevant equipment is usually accessible, particularly during periods of low interest rates.

The consumption areas of candle are mainly North America and Europe. Europe is the largest consumer in the world, which occupied 40.3% in terms of volume in 2024. The candle industry concentration is not high, there are several thousands of manufacturers in the world, and high-end products mainly from North America and Europe.

Among all applications, craft field is expected to be the largest contributor to the overall Candle market in the future. The craft field application is estimated to have the highest growth potential during 2025 to 2031 in Candle market.

This report aims to provide a comprehensive presentation of the global market for Candle, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Candle by region & country, by Type, and by Application.

The Candle market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Candle.

Market Segmentation

By Company

• Yankee Candle (Newell Brands)
• Luminex
• Bolsius
• Universal Candle
• Qingdao Kingking Applied Chemistry
• Dalian Talent Gift Co.,Ltd.
• Hyfusin
• Vollmar
• Primacy Industries
• Gies Kerzen
• Empire Candle
• Zhongnam
• Diptqyue
• Dandong Everlight Candle Industry
• Allite
• Fushun Pingtian Wax products
• Armadilla Wax Works
• Velas Martínez Morales
• KCB Candle Company
• Soy Witch
• ADMIT limited liability company, Sp. k.
• Jo Malone London
• Durance en Provence
• Village Candle
• Max Benjamin
• Root Candles
• True Grace
• Ashleigh & Burwood
• Candle Shack
• PLATA
• GALA GROUP
• Delsbo Candle
• Müller
• Spaas Kaarsen

Segment by Type

• Petroleum & Mineral
• Vegetable
• Animal
• Synthetic

Segment by Application

• Traditional Field
• Craft Field

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.