Europe, Middle East & Africa Wax Melt Market size is anticipated to reach USD 2.71 billion by 2028, according to a new report by Grand View Research, Inc. 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.
Related Press Release@ Europe, Middle East & Africa Wax Melt Market Report
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
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in San Francisco. The company provides syndicated research reports, customized
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