Global Animal Wax Candle Market Overview:
Animal waxes are natural secretions of animals and insects. There are many different types of animal waxes. Beeswax is the most common type of animal wax. Worker bees produce it in a hive, and honeybees use it to build honeycomb cells. Tallow is rendered from animal fat (typically beef). It has been used in candles for centuries because it is an inexpensive wax. Candles made from tallow are slow-burning, so they are good for emergency kits. Ambergris is produced in the intestines of sperm whales. The whales make this waxy substance to protect their intestines when they eat something sharp. After the ambergris has built up inside of the whale, they get rid of it. The ambergris washes up on the shore where it is harvested. The typical animal wax, such as from a mammal, contains no glycerides, and is found in small deposits in many parts of the animal. These waxes contain sterols (Cholesterol) and other long-chain alcohols. Lac wax is a hard strong wax which resembles Carnauba wax. Chinese insect wax is a good substitute for Beeswax.
Growth Drivers
- Increasing Disposable Income
- Increasing Numerous Designs in The Candles
Roadblocks
- Fluctuating Price of Raw Materials
Opportunities
- Increasing Sale from The E-Commerce Platform
Challenges
- Intense Competition in The Market
Competitive Landscape:
The wax candles are in high demand due to the attractive look that it offers which gives grace to the surrounding. The enhanced look of the surroundings gives a joyful feeling which in turn is affecting the demand and hence the market is expected to grow in coming years. Even though there are many competitors coming in the market expected to grow with many new opportunities.
Some of the key players profiled in the report are Jarden Corp (United States), Blyth (United States), Bolsius (Netherlands), Colonial Candle (United States), Candle-lite (United States), S. C. Johnson & Son (United States), Gies (United States), Vollmar (Germany), Chesapeake Bay Candle (China), King Kong Talent (Canada), Zhongnam (China) and Langley/Emprire Candle (India). Analyst at AMA Research see Global Vendors to retain maximum share of Global Animal Wax Candle market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Animal Wax Candle market. Considering Market by Fragrance, the sub-segment i.e. Scented will boost the Animal Wax Candle market.
What Can be Explored with the Animal Wax Candle Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Animal Wax Candle Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Animal Wax Candle
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 Animal Wax Candle 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 Animal Wax Candle 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 Manufacturers of Animal Wax Candle, Suppliers and distributors of Animal Wax Candle, Vendors of Animal Wax Candle, Raw Material Supplier of Animal Wax Candle, Governmental and Regulatory bodies and End-Users.
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.