Global Pumpkin Candles Market Overview:
The market's growth has been fueled by the growing popularity of colorful candles in home décor and the availability of a variety of designed candles with strong distribution channels. The growth of the pumpkin candles market has been fueled by rising disposable income and the introduction of e-commerce channels, particularly many home furnishing websites.
Growth Drivers
- Rising Popularity of Scented Candle
- Increasing Disposable Income across the Globe
Market Trends
- Increasing Demand for pumpkin candles in aromatherapies
Roadblocks
- Availability of Popular Substitutes
Opportunities
- Growth of the Organized Retail Sector in Developing Countries
- The Advent of E-commerce Home Furnishing Platforms
Challenges
Competitive Landscape:
The Market is perfectly competitive and faces steep competition for local as well global players. Supply chain management and inventory management is the key part in this market.
Some of the key players profiled in the report are The Yankee Candle Company (United States), Williams-Sonoma Inc. (United States), Holly's House (United Kingdom), Gibson & Dehn (United States), Anthropologie’s Boulangerie (United States), C. Johnson & Son, Inc. (United States), Bath & Body Works, LLC (United States) and Our Own Candle Company (Australia). Analyst at AMA Research see United States Vendors to retain maximum share of Global Pumpkin Candles market by 2026. Considering Market by Material , the sub-segment i.e. Beeswax will boost the Pumpkin Candles market. Considering Market by Category, the sub-segment i.e. Mass will boost the Pumpkin Candles market. Considering Market by Distribution Channel, the sub-segment i.e. Supermarkets & Hypermarkets will boost the Pumpkin Candles market.
In Oct 2020, Marks & Spencer’s in September 2020 launched its Spiced Pumpkin Scented Light Up Candle., and In Oct 2020, Yankee Candle has launched a limited-edition Halloween candle called Pumpkin Patch and fans are already snapping it up.
What Can be Explored with the Pumpkin Candles Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pumpkin Candles Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pumpkin Candles
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pumpkin Candles market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pumpkin Candles market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Pumpkin Candles Makers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.