Report ID: SQMIG30K2055
Report ID:
SQMIG30K2055 |
Region:
Global |
Published Date: December, 2024
Pages:
171
|
Tables:
90 |
Figures:
71
Candle Market size was valued at USD 8.29 Billion in 2023 and is poised to grow from USD 8.73 Billion in 2024 to USD 12.53 Billion by 2032, growing at a CAGR of 5.30% during the forecast period (2025-2032).
Recently, a wide range of candles, including scented, colored, and shaped candles as well as candles with stylish holders, are offered in the market based on consumer preferences. The global candle market has expanded significantly over the past few years as more people purchase candles to maintain a healthy lifestyle in addition to the rising use of candles. There is numerous health benefits associated with burning candles such as relaxation, elevation of the mood and ensuring better sleep. Due to the increasing use of candles in everyday life, the global candle market share is increasing.
For decorative purposes, candles are frequently used in hotels, restaurants, events, and festivals. They create a beautiful and glamorous atmosphere that draws people to events, festivals, and other locations. Major companies in the market have produced a wide range of candles for use in home décor. These include candles in various colours and forms for dining tables, living rooms, and bathrooms, which add beauty and appeal to a pleasant home. Here are some major factors propelling the global candle market's expansion. The introduction of eco-friendly candles has been also a major driver of the candle market's expansion.
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Report ID: SQMIG30K2055