Wax Melts Market Scope
Wax melts are the alternative for open flame candles. It is highly utilized for a delightful aroma. Its tart lasts more as compared to the flame candle. These candles do not contain any harmful chemicals.
The Wax Melts market study is segmented by Type (Soy Wax Melts, Paraffin Wax Melts, Odor Eliminating Wax Melts, Aromatherapy Melts, CBD Lotion Melts and Others), by Application (Home and Commercial) and major geographies with country level break-up.
The global wax melts market is moderately competitive and having of few key leading players. In concern of the market share, some of the key players are highly dominating the global market share. These market-leading players are focusing on strategic collaborative initiatives to enhance their market share and improve their profitability. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Wax Melts market throughout the predicted period.
Yankee Candle (United States), Scentsy (United States), SC Johnson (United States), Reckitt Benckiser (United Kingdom), Rimports Limited (United States), Goose Creek Candle (United States), Happy Wax (United States), Candle Warmers Etc. (United States), Trapp (United States) and Crumble Candle Co., LLC (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Wax Melts market by Type, Application and Region.
On the basis of geography, the market of Wax Melts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- High Consumption of Candles in Aromatherapy Including Relaxation and Stress Reduction, Others
- Rising Consumer Awareness
- The convenience of Flameless Candles Products on E-Commerce Sites
Market Drivers
- Rising Adoption of Flameless Candles in Home Decoration and Aroma
- Increase In Presence of Variety of Designed Candles with Advance Distribution Channels
Opportunities
- High Availability of Custom-Built Candle Shapes Will Further Increase Consumer Demand
Restraints
- High Cost Associated With Wax Melts
- Fluctuation in Raw Material Prices in Supporting Tools of Candles
Challenges
- High Penetration of Substitutes Products-Such As Like Flame Candles
- Robust Company Rivalry among the Leading Players And Along With the Emergence of Small Manufacturers
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Wax Melts Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries