Global Candle Market Analysis Report 2019 – Segment, Top Players, Trends till 2024

The Global Candle Market Growth 2019-2024 Report added by DecisionDatabases.com gives an in depth industry analysis of the market. It covers the costing, sales, revenue details and forecasts.

Candle industry with distribution is different from other industries, consequently, this market faces some big challenges. Candle usage frequency needs to increase to reinvigorate sales, private label products present a growing threat to branded products. However, The high-end candle segment is the area that continues to see strong growth. As the low- and mid-cost candles continue to erode under the pressure of strong competition, the high-end segment continues to tap into the home decorating angle for increased sales. Utilizing less mainstream methods for distribution (such as mass merchandisers and retailers), these manufacturers have been able to position their products as luxury and true home decor items.

For the past few years, the candle industry grows smoothly. China is the main raw materials for the production of candle, meanwhile, combining with favorable tax policies and large number of available labor, at the same time, Chinese manufacturers are improving their technology, consequently, China is a major exporter of the candle in the future. Taking culture and religion into consideration, candle market has a certain potential in Europe, USA.

According to this study, over the next five years the Candle market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 5600 million by 2024, from US$ 4950 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Candle business, shared in Chapter 3.

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Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Animal

Vegetable

Paraffin

Synthetic

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Traditional Field

Craft Field

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Blyth

Jarden Corp

Colonial Candle

S. C. Johnson & Son

Chesapeake Bay Candle

Langley/Emprire Candle

Lancaster Colony

Armadilla Wax Works

Dianne's Custom Candles

Bolsius

Gies

Vollmar

Kingking

Talent

Zhong Nam

Pintian Wax

Everlight

Allite

Candle-lite

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Research objectives

·         To study and analyze the global Candle consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

·         To understand the structure of Candle market by identifying its various subsegments.

·         Focuses on the key global Candle manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

·         To analyze the Candle with respect to individual growth trends, future prospects, and their contribution to the total market.

·         To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

·         To project the consumption of Candle submarkets, with respect to key regions (along with their respective key countries).

·         To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

·         To strategically profile the key players and comprehensively analyze their growth strategies.

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