The global Scented Candles Market size is anticipated to reach USD 690.8 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2021 to 2028. These are candles are available in various sizes, designs, colors, and scents to meet consumers’ requirements and preferences and home décor aesthetics.
Candle-making is considered the biggest lockdown trend
and has gained traction owing to social media platforms like TikTok, resulting
in a 3,500% spike in searches for soy candle-making kits. In addition to this, the
National Candle Association (NCA) spokesperson Kathy LaVanier, and CEO of
Renegade Candle Company, stated that the overall U.S. candle sales have
increased by 30% since the pandemic.
Each aroma has its own therapeutic value, there is a
growing need for customized scented candles to be used in therapies and to
achieve relaxation in a specific health state. For instance, Jonathan Adler's
Muse Gilded candle is a blend of soy and paraffin wax and helps to create a
pleasantly scented interior atmosphere. Once the candle is finished, the
gold-gilded porcelain bowl can be used as a vase. Pink grapefruit, raspberry,
French cassis, violet leaves, rose petals, and grape leaf are some popular
scents.
The market is projected to witness continuous growth
as social media influencers around the globe are promoting them off as forms of
self-care, new hobbies, or even businesses, which is supported by the monthly
search volumes data provided by The Dubrovnik Times in 2021. OnBuy’s Health and
Beauty Department found that 81,560 searches are made each month from people
looking to try these latest candle trends.
More and more consumers are ordering online and are
acutely aware of the need to stay in good shape, both physically and mentally,
customers spent more time at home looking for entertainment and a cozy
environment, consumers are increasingly spending on renovation and redecorating
the home.
These current trends are considered continuations of
previously established consumer trends; some may be accelerated. The disposable
money people may or may not have after the pandemic, owing to economic slowdown
and losses in jobs, will be a major factor influencing consumers’ purchasing
decisions.
Related Press Release@ Scented Candles Market Report
Scented Candles Market Report
Highlights
- The container-based segment accounted for the largest revenue share
of 56.9% in 2020 and is expected to expand at a CAGR of 3.6% from 2021 to
2028
- The hypermarkets and supermarkets segment accounted for the largest
revenue share of 26.1% in 2020 and is estimated to witness a CAGR of 3.4%
over the forecast period
- North America dominated the market and accounted for the largest
revenue share of 33.1% in 2020
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Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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