Wax Melt Industry in Europe, Middle East & Africa to 2028 - Featuring Kerax, P&G and Arran Aromatics Among Others
DUBLIN, April 23, 2021 /PRNewswire/ -- The "Europe, Middle East & Africa Wax Melt Market Size, Share & Trends Analysis Report by Type (Pressed Wax Melt, Poured Wax Melt, Bees Wax), by Pack, by Country, and Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
Europe, Middle East & Africa wax melt market size is anticipated to reach USD 2.71 billion by 2028. It is expected to expand at a CAGR of 11.9% from 2021 to 2028. Wax melts are becoming more and more popular and now many consumers favor them over candles to make their homes smell beautiful. Wax melts do not have a wick, nor do they require a flame, like candles.
Wax melts are usually warmed in an electric wax melt warmer containing a small 15-watt light bulb that is included at the base of the warmer. The light bulb provides just enough heat to warm the wax melts, tarts, or cubes, releasing the scent in as little as 5-10 minutes. The National Fire Protection Association estimated that from 2009 to 2013, fires related to candles caused an estimated USD 374 million in direct property damage. Decorative candles are appealing, but the exposed flame poses the risk of something else catching fire by accident.
Several factors affect both the average burn time of candles and wax melts, such as type of wax, amount of fragrance oil and size of candle or wax melt. Wax melts are preferred over candles for their burn time. The average burn time of a 16-oz candle jar is expected to be anywhere between 60 and 84 hours, i.e. about 5 hours of burn time per ounce. On the other hand, 8-oz. wax melts have an average of 225 hours of burn time, which breaks down to 28 hours of burn time per ounce.
Perceived as safe due to the absence of an exposed flame and popular for their unique capability to create personalized fragrance combinations, wax melts have been enjoying double-digit growth since 2007. In 2013, the category was primarily driven by new entries from S.C. Johnson who recorded sales of nearly USD 20 million, Procter & Gamble who extended Febreze into wax melts, and several smaller marketers who joined the category.
By product, pressed wax melt will grow at the fastest CAGR over the forecast period. Compared to the pouring process, pressed wax melts can be produced in large quantities through extrusion molding, which drastically brings down the overall cost of manufacturing. Moreover, most consumers in the U.K. purchase these products from supermarkets, where the availability of pressed wax melt is greater than poured wax melt. There are several players manufacturing pressed and poured wax melt in Germany. The market is dominated by pressed wax melts due to their easy availability and low cost as compared to poured wax melts. Pressed wax melts are commonly found in the form of scented cube air fresheners, with the process being prominently used by companies such as P&G (Febreze) and SC Johnson (Glade wax).
Multipack segment is the largest and fastest-growing segment for distribution channels. There is a rise in demand for aromatherapy and spa treatments and wax melts help in creating a relaxing atmosphere. Tourism has also increased in EMEA countries. The hospitality sector such as hotels, spas, and restaurants purchase multi-packs of wax melt to cater to the needs of their consumers.
Europe, Middle East & Africa Wax Melt Market Report Highlights
- The poured wax melt segment accounted for the largest share of 57.2% in 2020 and is expected to expand at a CAGR of 11.4% over the forecast period of 2021 to 2028.
- The pressed wax melt segment is expected to register the highest CAGR of 12.5% over the forecast period.
- The multi-pack segment accounted for the largest share of 77.4% in 2020 and is estimated to ascend with a CAGR of 12.0% over the forecast period.
- The U.K. held the largest market share of 21.8% in 2020.
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Type Outlook
2.3. Pack Outlook
2.4. Country Insights
Chapter 3. Europe, Middle East & Africa Wax Melt Market Variables, Trends & Scope
3.1. Market Introduction
3.1.1. Home Fragrance Market
3.1.2. Scented Candles Market
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trend
3.3.2. Manufacturing & Technology Trends
3.3.3. Sales Channel Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter's
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.6.2. PESTEL Analysis
3.6.3. Major Deals & Strategic Alliances Analysis
3.6.3.1. Mergers & Acquisitions
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the Europe, Middle East & Africa Wax Melt Market
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Europe, Middle East & Africa Wax Melt Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2020 & 2028
5.2. Pressed Wax Melt
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
5.3. Poured Wax Melt
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 6. Europe, Middle East & Africa Wax Melt Market: Pack Estimates & Trend Analysis
6.1. Pack Movement Analysis & Market Share, 2020 & 2028
6.2. Single Pack
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
6.3. Multi-Pack
6.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
Chapter 7. Europe, Middle East & Africa Wax Melt Market: Country Estimates & Trend Analysis
7.1. Country Movement Analysis & Market Share, 2020 & 2028
7.1.1. Germany
7.1.1.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.1.1.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.1.1.3. Market estimates and forecast, by pack, 2016 - 2028 (USD Million)
7.1.2. U.K.
7.1.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.1.2.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.1.2.3. Market estimates and forecast, by pack, 2016 - 2028 (USD Million)
7.1.3. France
7.1.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.1.3.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.1.3.3. Market estimates and forecast, by pack, 2016 - 2028 (USD Million)
7.1.4. South Africa
7.1.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.1.4.2. Market estimates and forecast, by type, 2016 - 2028 (USD Million)
7.1.4.3. Market estimates and forecast, by pack, 2016 - 2028 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2020
8.4. Public Companies
8.4.1. Company Market Position Analysis
8.4.2. Competitive Dashboard Analysis
8.5. Private Companies
8.5.1. List Of Key Emerging Companies /Technology Disruptors/Innovators
8.5.2. Company Market Position Analysis
Chapter 9. Company Profiles
9.1. Kerax Limited
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. P&G
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Arran Aromatics
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Type Benchmarking
9.3.4. Strategic Initiatives
9.4. Aroma Works
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Best Kept Secrets
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Breeze Candles
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Canova
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Charles Farris
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Sonneborn
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Cereria Ronca Srl
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/6yxo4b
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