Global Luxury Wax Candles Market Overview:
Luxury wax candles, made with fragrant oils blended into the wax, emits a wonderful smell when consuming. A scented light is a pleasant touch in a restroom, particularly when visitors are finished, in a room, or any room of the house. In contrast to incense, luxury wax candles don't add smoke to the air has led to significant growth of the global luxury wax candles market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Emergence of Eco-Friendly Candles
Market Growth Drivers:
Increasing Adoption of Different Colored Candles with Fresh Fragrance and Growing inclination of Consumers Towards Home Decoration
Challenges:
Intense Competition among the Manufacturers
Restraints:
High Cost Associated with Luxury Wax Candles
Opportunities:
Growing Internet Penetration is Encouraging Consumers to Buy Luxury Wax Candles Online
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Newell Brands (United States), Yankee Candle (United States), Colonial Candle (United States), Etsy, Inc. (United States), Luxdeco Ltd (United Kingdom), S. C. Johnson & Son, Inc (United States), Langley/Emprire Candle (United States), Lancaster Colony (United States), Armadilla Wax Works (United States) and Dianne's Custom Candles (United States). Additionally, following companies can also be profiled that are part of our coverage like Solasta Scents (United States) and Bolsius (Netherlands). Analyst at AMA Research see United States Vendors to retain maximum share of Global Luxury Wax Candles market by 2027. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Luxury Wax Candles market. Considering Market by Material, the sub-segment i.e. Ceramic will boost the Luxury Wax Candles market. Considering Market by Wax Type, the sub-segment i.e. Soy Wax Candles will boost the Luxury Wax Candles market.
What Can be Explored with the Luxury Wax Candles Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Luxury Wax Candles Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Luxury Wax 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 Luxury Wax 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 Luxury Wax 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 Luxury Wax Candles Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users 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.