Global Tea Light Candles Market Overview:
Tea Light Candles are candles in a thin metal or plastic cup so that the candle can liquefy completely while lit. These candles are typically small, circular, wider than their height and inexpensive. These candles are easier to use and less messy. The increasing use of the small white or colored or scented tea light candles has driven the market globally. A tea light gets its name from its use in teapot warmers, but it can also be used to warm food in general, such as fondue. Tealights are available in a range of shapes and sizes, as well as burn times and scents. The most popular tealight, however, is made of white unscented wax and measures 38 mm in diameter by 16 mm in height. Depending on the wax used, a regular tea light has a power output of about 32 watts, with a typical burn time of 3-5 hours. Some of the players profiled in the study are The Yankee Candle Co., Inc. (United States), PartyLite Gifts, Inc. (United States), Soyworx (United States), Yummi Candles (Canada), Blyth, Inc.(United States), Bolsius International BV (The Netherlands), Colonial Candle (United States), Candle-lite(United States), Gies Kerzen GmbH (Germany), Vollmar GmbH (Germany), China King King Candles (China), Gold Canyon Candles (Canada) and Hollowick, Inc. (United States).
On the basis of geography, the market of Tea Light Candles 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). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Tea Light Candles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Soy Wax will boost the Tea Light Candles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Urbanization and Increasing Disposable Incomes
- Increasing Use of Colored Tea Light Candles to Enhance the Surrounding View
Influencing Trend
- Changing The Lifestyle Of People In Growing Economies
Restraints
- High Raw Material Costs
- Less Durable Products
Opportunities
- Demand For Scented and Organic Tea Light Candles
- Low Cost of Products
Challenges
- Presence of Many Local Competitors
Key Market Developments:
Carlyle acquired PartyLite parent Blyth Inc. in October 2015, at the same time appointing Harry Slatkin, a leading name in home fragrance, as CEO of the direct-to-consumer company. After more than 40 years in business, PartyLite sells its home décor and fragrance products through a network of 45,000 consultants in 24 markets.
Feb 16, 2021: Yankee Candle, the leader in home fragrance, announces the launch of its new Signature Collection – completely redesigned modern vessels and ten new, collection-exclusive fragrances, alongside over 30 tried-and-true favorites. The new collection breathes new life into Yankee Candle's design with reimagined tumbler candles, as well as hand-illustrated labels, depicting the fragrance notes within each scent.
"To ensure fragrances (VOCs) from candles are safe, fragrance formulas are reviewed against the safety standards established by the International Fragrance Association (IFRA). Each ingredient in the fragrance and the finished product is required to meet the specifications set down by IFRA to be compliant with the standard. If the fragrance and product meet the standard, then the fragrance VOCs in that particular product are considered safe for human use"
In Tea Light Candles Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Target Audience:
Tea Light Candle Manufacturers, Supplier and Distributors of Tea Light Candle, Raw Material Suppliers, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Tea Light Candles market on the basis of product [Circle Shaped, Heart-Shaped and Other] , application [Home and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Tea Light Candles market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Tea Light Candles industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Welburn Candles Private Limited (India), T&H Canlde Co., Ltd. (China), Qingdao Yuan Bridge Houseware Co., Ltd. (China), Aoyin xingtang candle co., ltd (China) and Blue Vision Exim (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Tea Light Candles market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.