Global Candle Market Size was estimated at USD 6487.2 million in 2021 and is projected to reach USD 9436.8 million by 2028, exhibiting a CAGR of 5.5% during the forecast period.
Global Candle Market Overview:

Global Candle Market Report 2022 comes with the extensive industry analysis byMarket IntelliX with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.This research study of Candle involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.

Scope of the Candle Market

The Candle Market Research report incorporate value chain analysis for each of the product type. Value chain analysis offers in depth information about value addition at each stage.The study includes drivers and restraints for Candle Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting thegrowth of the market. Research report includes major key player analysis with shares of each player inside market, growth rate and market attractiveness in different endusers/regions. Our study Candle Market helps user to make precise decision in order to expand their market presence and increase market share.

Impact of COVID-19 on Candle Market

Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Candle market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Global Candle Market Segmentation

Global Candle Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;

By Type, Candle market has been segmented into:

Petroleum and Mineral

Vegetable

Animal

Synthetic

By Application, Candle market has been segmented into:

Traditional Field

Craft Field

Regional Analysis:

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

South America (Brazil, Argentina, Rest of SA)

Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Competitive Landscape:

Competitive analysis is the study of strength and weakness, market investment, market share, market sales volume, market trends of major players in the market.The Candle market study focused on including all the primary level, secondary level and tertiary level competitors in the report. The data generated by conducting the primary and secondary research.The report covers detail analysis of driver, constraints and scope for new players entering the Candle market.

Top Key Players Covered in Candle market are:

Yankee Candle (Newell Brands)

Luminex Home Décor & Fragrance Holding Corporation

Bolsius

MVP Group International

Inc

Gies

Talent

Universal Candle

Qingdao Kingking Applied Chemistry Co.

LTD

Vollmar

Empire Candle Co.

LLC

Hyfusin Group Holdings Limited

Diptqyue

Zhongnam

Dandong Everlight Candle Industry Co.

Ltd.

Fushun Pingtian Wax products Co.

ltd.

Allite

Armadilla Wax Works

Objective to buy this Report:

1. Candle analysis predicts the representation of this market, supply and demand, capacity, detailed investigations, etc.

2. Even the report, along with the international series, conducts an in-depth study of rules, policies and current policy.

3. In addition, additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers.

4. The report starts with Candle market statistics and moves to important points, with dependent markets categorized by market trend by application.

5. Applications of market may also be assessed based on their performances.

6. Other market attributes, such as future aspects, limitations and growth for all departments.

Chapter 1: Introduction

 1.1 Research Objectives

 1.2 Research Methodology

 1.3 Research Process

 1.4 Scope and Coverage

  1.4.1 Market Definition

  1.4.2 Key Questions Answered

 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

 3.1 By Type

 3.2 By Application

Chapter 4: Market Landscape

 4.1 Porter's Five Forces Analysis

  4.1.1 Bargaining Power of Supplier

  4.1.2 Threat of New Entrants

  4.1.3 Threat of Substitutes

  4.1.4 Competitive Rivalry

  4.1.5 Bargaining Power Among Buyers

 4.2 Industry Value Chain Analysis

 4.3 Market Dynamics

  4.3.1 Drivers

  4.3.2 Restraints

  4.3.3 Opportunities

  4.5.4 Challenges

 4.4 Pestle Analysis

 4.5 Technological Roadmap

 4.6 Regulatory Landscape

 4.7 SWOT Analysis

 4.8 Price Trend Analysis

 4.9 Patent Analysis

 4.10 Analysis of the Impact of Covid-19

  4.10.1 Impact on the Overall Market

  4.10.2 Impact on the Supply Chain

  4.10.3 Impact on the Key Manufacturers

  4.10.4 Impact on the Pricing

Chapter 5: Candle Market by Type

 5.1 Candle Market Overview Snapshot and Growth Engine

 5.2 Candle Market Overview

 5.3 Petroleum and Mineral

  5.3.1 Introduction and Market Overview

  5.3.2 Historic and Forecasted Market Size (2016-2028F)

  5.3.3 Key Market Trends, Growth Factors and Opportunities

  5.3.4 Petroleum and Mineral: Geographic Segmentation

 5.4 Vegetable

  5.4.1 Introduction and Market Overview

  5.4.2 Historic and Forecasted Market Size (2016-2028F)

  5.4.3 Key Market Trends, Growth Factors and Opportunities

  5.4.4 Vegetable: Geographic Segmentation

 5.5 Animal

  5.5.1 Introduction and Market Overview

  5.5.2 Historic and Forecasted Market Size (2016-2028F)

  5.5.3 Key Market Trends, Growth Factors and Opportunities

  5.5.4 Animal: Geographic Segmentation

 5.6 Synthetic

  5.6.1 Introduction and Market Overview

  5.6.2 Historic and Forecasted Market Size (2016-2028F)

  5.6.3 Key Market Trends, Growth Factors and Opportunities

  5.6.4 Synthetic: Geographic Segmentation

Chapter 6: Candle Market by Application

 6.1 Candle Market Overview Snapshot and Growth Engine

 6.2 Candle Market Overview

 6.3 Traditional Field

  6.3.1 Introduction and Market Overview

  6.3.2 Historic and Forecasted Market Size (2016-2028F)

  6.3.3 Key Market Trends, Growth Factors and Opportunities

  6.3.4 Traditional Field: Geographic Segmentation

 6.4 Craft Field

  6.4.1 Introduction and Market Overview

  6.4.2 Historic and Forecasted Market Size (2016-2028F)

  6.4.3 Key Market Trends, Growth Factors and Opportunities

  6.4.4 Craft Field: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis

 7.1 Competitive Landscape

  7.1.1 Competitive Positioning

  7.1.2 Candle Sales and Market Share By Players

  7.1.3 Industry BCG Matrix

  7.1.4 Heat Map Analysis

  7.1.5 Candle Industry Concentration Ratio (CR5 and HHI)

  7.1.6 Top 5 Candle Players Market Share

  7.1.7 Mergers and Acquisitions

  7.1.8 Business Strategies By Top Players

 7.2 YANKEE CANDLE (NEWELL BRANDS)

  7.2.1 Company Overview

  7.2.2 Key Executives

  7.2.3 Company Snapshot

  7.2.4 Operating Business Segments

  7.2.5 Product Portfolio

  7.2.6 Business Performance

  7.2.7 Key Strategic Moves and Recent Developments

  7.2.8 SWOT Analysis

 7.3 LUMINEX HOME DÉCOR & FRAGRANCE HOLDING CORPORATION

 7.4 BOLSIUS

 7.5 MVP GROUP INTERNATIONAL

 7.6 INC

 7.7 GIES

 7.8 TALENT

 7.9 UNIVERSAL CANDLE

 7.10 QINGDAO KINGKING APPLIED CHEMISTRY CO.

 7.11 LTD

 7.12 VOLLMAR

 7.13 EMPIRE CANDLE CO.

 7.14 LLC

 7.15 HYFUSIN GROUP HOLDINGS LIMITED

 7.16 DIPTQYUE

 7.17 ZHONGNAM

 7.18 DANDONG EVERLIGHT CANDLE INDUSTRY CO.

 7.19 LTD.

 7.20 FUSHUN PINGTIAN WAX PRODUCTS CO.

 7.21 LTD.

 7.22 ALLITE

 7.23 ARMADILLA WAX WORKS

Chapter 8: Global Candle Market Analysis, Insights and Forecast, 2016-2028

 8.1 Market Overview

 8.2 Historic and Forecasted Market Size By Type

  8.2.1 Petroleum and Mineral

  8.2.2 Vegetable

  8.2.3 Animal

  8.2.4 Synthetic

 8.3 Historic and Forecasted Market Size By Application

  8.3.1 Traditional Field

  8.3.2 Craft Field

Chapter 9: North America Candle Market Analysis, Insights and Forecast, 2016-2028

 9.1 Key Market Trends, Growth Factors and Opportunities

 9.2 Impact of Covid-19

 9.3 Key Players

 9.4 Key Market Trends, Growth Factors and Opportunities

 9.4 Historic and Forecasted Market Size By Type

  9.4.1 Petroleum and Mineral

  9.4.2 Vegetable

  9.4.3 Animal

  9.4.4 Synthetic

 9.5 Historic and Forecasted Market Size By Application

  9.5.1 Traditional Field

  9.5.2 Craft Field

 9.6 Historic and Forecast Market Size by Country

  9.6.1 U.S.

  9.6.2 Canada

  9.6.3 Mexico

Chapter 10: Europe Candle Market Analysis, Insights and Forecast, 2016-2028

 10.1 Key Market Trends, Growth Factors and Opportunities

 10.2 Impact of Covid-19

 10.3 Key Players

 10.4 Key Market Trends, Growth Factors and Opportunities

 10.4 Historic and Forecasted Market Size By Type

  10.4.1 Petroleum and Mineral

  10.4.2 Vegetable

  10.4.3 Animal

  10.4.4 Synthetic

 10.5 Historic and Forecasted Market Size By Application

  10.5.1 Traditional Field

  10.5.2 Craft Field

 10.6 Historic and Forecast Market Size by Country

  10.6.1 Germany

  10.6.2 U.K.

  10.6.3 France

  10.6.4 Italy

  10.6.5 Russia

  10.6.6 Spain

  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Candle Market Analysis, Insights and Forecast, 2016-2028

 11.1 Key Market Trends, Growth Factors and Opportunities

 11.2 Impact of Covid-19

 11.3 Key Players

 11.4 Key Market Trends, Growth Factors and Opportunities

 11.4 Historic and Forecasted Market Size By Type

  11.4.1 Petroleum and Mineral

  11.4.2 Vegetable

  11.4.3 Animal

  11.4.4 Synthetic

 11.5 Historic and Forecasted Market Size By Application

  11.5.1 Traditional Field

  11.5.2 Craft Field

 11.6 Historic and Forecast Market Size by Country

  11.6.1 China

  11.6.2 India

  11.6.3 Japan

  11.6.4 Singapore

  11.6.5 Australia

  11.6.6 New Zealand

  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Candle Market Analysis, Insights and Forecast, 2016-2028

 12.1 Key Market Trends, Growth Factors and Opportunities

 12.2 Impact of Covid-19

 12.3 Key Players

 12.4 Key Market Trends, Growth Factors and Opportunities

 12.4 Historic and Forecasted Market Size By Type

  12.4.1 Petroleum and Mineral

  12.4.2 Vegetable

  12.4.3 Animal

  12.4.4 Synthetic

 12.5 Historic and Forecasted Market Size By Application

  12.5.1 Traditional Field

  12.5.2 Craft Field

 12.6 Historic and Forecast Market Size by Country

  12.6.1 Turkey

  12.6.2 Saudi Arabia

  12.6.3 Iran

  12.6.4 UAE

  12.6.5 Africa

  12.6.6 Rest of MEA

Chapter 13: South America Candle Market Analysis, Insights and Forecast, 2016-2028

 13.1 Key Market Trends, Growth Factors and Opportunities

 13.2 Impact of Covid-19

 13.3 Key Players

 13.4 Key Market Trends, Growth Factors and Opportunities

 13.4 Historic and Forecasted Market Size By Type

  13.4.1 Petroleum and Mineral

  13.4.2 Vegetable

  13.4.3 Animal

  13.4.4 Synthetic

 13.5 Historic and Forecasted Market Size By Application

  13.5.1 Traditional Field

  13.5.2 Craft Field

 13.6 Historic and Forecast Market Size by Country

  13.6.1 Brazil

  13.6.2 Argentina

  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources