Scented Candles Market size to grow by USD 758.83 million from 2022 to 2027|Increasing investment in household interiors drives the market - Technavio

NEW YORK, July 6, 2023 /PRNewswire/ -- The scented candles market size is set to grow by USD 758.83 million from 2022 to 2027, progressing at a CAGR of 3.46% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The increasing investment in household interiors is the major factor driving market growth. Increasing disposable income, rapid industrialization, rising urbanization, growing employment, and a progressive increase in investments are the major factors that are promoting new residential construction activities. However, sustained political support in the form of affordable loans and tax waiver schemes also plays a vital role in driving the demand for new houses. Therefore, investment in household interiors has also been increasing. Scented candles play a key role in growing the aesthetic appeal of residential interior designs. Many countries have made sustained progress toward eco-friendly housing that delivers the lowest usage of energy in recent years. For example, the Sierra Crest development in Fontana, California, has developed 20 residential buildings which use renewable energy such as solar and strive to become the foremost "zero net energy consumption" community in California. Such an initiative may further boost the demand for eco-friendly home decor products, including scented candles. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The scented candles market covers the following areas:

• Scented Candles Market Sizing
• Scented Candles Market Forecast
• Scented Candles Market Analysis

The report on the scented candles market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Scented Candles Market 2023-2027 - Market Dynamics

Major Trends 

The expansion of the e-commerce market is an emerging trend driving market growth. The growth of the e-commerce market and globalization and liberalization policies have simplified world trade and led to the rising trend of B2B and B2C business. Globally, advances in technology, coupled with growing Internet penetration, have enhanced online purchases and sales of goods and services. The growth potential of the e-commerce market has intensified due to the gradual shift in customer spending and shopping habits. Moreover, the growth of information and communication technology, artificial intelligence, and other modern technologies has extended the customer base, thereby creating lucrative growth prospects for key market vendors. The advent of social media, increasing Internet penetration, and the growing adoption of smartphones are the other important factors that have allowed reliable access to a wide range of products and have benefited customers who prefer the best in-home decor, including scented candles.

Significant Challenges

The major challenge impeding market growth is the stiff competition from the unorganized sector. Generally, the market is comprised of two segments, namely, the organized and unorganized sectors. The organized sector mainly consists of big retailers or manufacturers that have the required permits and follow stringent rules and regulations. While the unorganized sector comprises small retailers or manufacturers that are not registered with the government. Therefore, the scented candles market is highly fragmented and unorganized. Moreover, venturing into a candle-making business does not need huge capital or investment and this promotes small enterprises or small retailers to enter the business and leads to the expansion of sub-standard or duplicate products. Prominent candle manufacturers face severe competition from local, unorganized players that offer non-standardized products at very lower prices. This impedes the competitive scenario in the market as established candle manufacturers are forced to lower the price of their products, which eventually affects their profit margins and sales volume.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Scented Candles Market 2023-2027: Market Segmentation

The scented candles market segmentation by distribution channel (offline and online), product (container-based, pillars, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth of the offline segment will be significant during the forecast period. Specialty stores, hypermarkets, supermarkets, convenience stores and clubhouses as well as department stores are among the revenue streams generated through an offline distribution channel. For the purpose of generating sales through offline channels, players are expanding their stores in local and regional markets. Also, scented candle producers sell their products in specialty stores and different forms of retailing, increasing competition in the market. Retailers are introducing new businesses, wider assortments, pricing, and retail strategies to remain competitive. Such initiatives will increase segment growth during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• Archipelago
• Bolsius International BV
• Conscious Candle Co.
• Desirepath Mississippi, LLC
•  Diptyque Distribution LLC
• GALA GROUP GMBH
• Godrej Consumer Products Ltd.
• Lalique Group SA
• MVP Group International Inc.
•  NEST Fragrances
• Paddywax LLC
• Prolitec
• Reckitt Benckiser Group PLC
• ScentAir Technologies LLC
• Seda France
• The Bridgewater Candle Co.
• The Procter and Gamble Co.
• Welburn Candles Pvt. Ltd.
• Newell Brands Inc.
• S.C. Johnson and Son Inc.

Vendor Offerings

• Diptyque Distribution LLC - The company offers scented candles such as pine tree candles, snow candles, spark candles and sandalwood candles.
• Bolsius International BV - The company offers scented candle collections such as CleanLight, Bolsius Unity, TrueJoy and True Scents.
• Conscious Candle Co. - The company offers scented candles such as vanilla caramel soy candles, french pear soy candles and clean cotton candles.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global Scented Candles Market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global Scented Candles Market 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments 
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 42: Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Container based - Market size and forecast 2022-2027
• Exhibit 47: Chart on Container based - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Container based - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Container based - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Container based - Year-over-year growth 2022-2027 (%)

• 7.4 Pillars - Market size and forecast 2022-2027
• Exhibit 51: Chart on Pillars - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Pillars - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Pillars - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Pillars - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027
• Exhibit 55: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product 
• Exhibit 59: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Bolsius International BV 
• Exhibit 112: Bolsius International BV - Overview
• Exhibit 113: Bolsius International BV - Product / Service
• Exhibit 114: Bolsius International BV - Key offerings

• 12.4 Conscious Candle Co. 
• Exhibit 115: Conscious Candle Co. - Overview
• Exhibit 116: Conscious Candle Co. - Product / Service
• Exhibit 117: Conscious Candle Co. - Key offerings

• 12.5 Diptyque Distribution LLC 
• Exhibit 118: Diptyque Distribution LLC - Overview
• Exhibit 119: Diptyque Distribution LLC - Product / Service
• Exhibit 120: Diptyque Distribution LLC - Key offerings

• 12.6 GALA GROUP GMBH 
• Exhibit 121: GALA GROUP GMBH - Overview
• Exhibit 122: GALA GROUP GMBH - Product / Service
• Exhibit 123: GALA GROUP GMBH - Key offerings

• 12.7 Godrej Consumer Products Ltd. 
• Exhibit 124: Godrej Consumer Products Ltd. - Overview
• Exhibit 125: Godrej Consumer Products Ltd. - Business segments
• Exhibit 126: Godrej Consumer Products Ltd. - Key news
• Exhibit 127: Godrej Consumer Products Ltd. - Key offerings
• Exhibit 128: Godrej Consumer Products Ltd. - Segment focus

• 12.8 Lalique Group SA 
• Exhibit 129: Lalique Group SA - Overview
• Exhibit 130: Lalique Group SA - Product / Service
• Exhibit 131: Lalique Group SA - Key offerings

• 12.9 MVP Group International Inc. 
• Exhibit 132: MVP Group International Inc. - Overview
• Exhibit 133: MVP Group International Inc. - Product / Service
• Exhibit 134: MVP Group International Inc. - Key offerings

• 12.10 NEST Fragrances 
• Exhibit 135: NEST Fragrances - Overview
• Exhibit 136: NEST Fragrances - Product / Service
• Exhibit 137: NEST Fragrances - Key offerings

• 12.11 Newell Brands Inc. 
• Exhibit 138: Newell Brands Inc. - Overview
• Exhibit 139: Newell Brands Inc. - Business segments
• Exhibit 140: Newell Brands Inc. - Key news
• Exhibit 141: Newell Brands Inc. - Key offerings
• Exhibit 142: Newell Brands Inc. - Segment focus

• 12.12 Reckitt Benckiser Group PLC 
• Exhibit 143: Reckitt Benckiser Group PLC - Overview
• Exhibit 144: Reckitt Benckiser Group PLC - Business segments
• Exhibit 145: Reckitt Benckiser Group PLC - Key offerings
• Exhibit 146: Reckitt Benckiser Group PLC - Segment focus

• 12.13 S.C. Johnson and Son Inc. 
• Exhibit 147: S.C. Johnson and Son Inc. - Overview
• Exhibit 148: S.C. Johnson and Son Inc. - Product / Service
• Exhibit 149: S.C. Johnson and Son Inc. - Key offerings

• 12.14 ScentAir Technologies LLC 
• Exhibit 150: ScentAir Technologies LLC - Overview
• Exhibit 151: ScentAir Technologies LLC - Product / Service
• Exhibit 152: ScentAir Technologies LLC - Key offerings

• 12.15 Seda France 
• Exhibit 153: Seda France - Overview
• Exhibit 154: Seda France - Product / Service
• Exhibit 155: Seda France - Key offerings

• 12.16 The Bridgewater Candle Co. 
• Exhibit 156: The Bridgewater Candle Co. - Overview
• Exhibit 157: The Bridgewater Candle Co. - Product / Service
• Exhibit 158: The Bridgewater Candle Co. - Key offerings

• 12.17 The Procter and Gamble Co. 
• Exhibit 159: The Procter and Gamble Co. - Overview
• Exhibit 160: The Procter and Gamble Co. - Business segments
• Exhibit 161: The Procter and Gamble Co. - Key news
• Exhibit 162: The Procter and Gamble Co. - Key offerings
• Exhibit 163: The Procter and Gamble Co. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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