Scented Candles Market

Scented Candles Market Size:

The global scented candles market size reached US$ 516.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 805.2 Million by 2032, exhibiting a growth rate (CAGR) of 5.06% during 2024-2032. The market is growing rapidly driven by increasing consumer focus on home ambiance and décor, rising popularity of aromatherapy, introduction of a diverse range of fragrances and products, widespread product utilization in gift giving, and shifting trend towards sustainability and natural ingredients.

Scented Candles Market Analysis:

• Market Growth and Size: The market is witnessing stable growth, driven by increased interest in home décor and wellness, diverse consumer needs, and evolving lifestyle trends.
• Major Market Drivers: Key drivers influencing the market growth include rising demand for home ambiance products, significant growth in aromatherapy and wellness trends, easy availability of various fragrances and designs, and increasing focus on eco-friendly and natural products.
• Technological Advancements: Recent innovations in fragrance technology, leading to the development of longer lasting and more complex scents, are supporting the market growth. Additionally, advancements in eco-friendly wax and wick materials, catering to the growing demand for sustainable products, are driving the market growth.
• Industry Applications: The market is experiencing high product demand in homes and commercial settings, such as spas, hotels, and restaurants, to enhance the ambiance and customer experience.
• Key Market Trends: The key market trends involve ongoing shift towards natural and organic materials, growing influence of e-commerce, and the introduction of seasonal and limited-edition scents. Furthermore, the increasing consumer willingness to pay extra for premium and luxury products is bolstering the market growth.
• Geographical Trends: North America leads the market due to high disposable income of consumers and a strong culture of personal wellness and home décor. Other regions are also showing significant growth, fueled by rapid urbanization and rising income levels.
• Competitive Landscape: The market is characterized by the presence of both established players and small artisanal brands. Companies are also differentiating themselves through product innovation, brand collaborations, and expanding their global footprint.
• Challenges and Opportunities: The market faces various challenges, such as competition from electric diffusers and air fresheners, and the need for sustainable practices. However, adoption of online retail platforms and the growing demand for personalized and eco-friendly products are creating new opportunities for the market growth.
   

Scented Candles Market Trends:

Increasing consumer focus on home ambiance and décor

The rising consumer interest in enhancing home ambiance and décor is facilitating the demand for scented candles. They are not just sources of light but also aesthetic elements that add warmth and character to a space. Additionally, the advent of work-from-home (WFH) culture and increased indoor time, prompting people to invest more in their living spaces, is positively impacting the market growth. Scented candles, with their varied designs and fragrances, offer an affordable way to personalize and elevate home interiors. They create a cozy, inviting atmosphere, making them essential for relaxation and mental well-being. Besides this, the emerging trend of sharing home decor on social media platforms, fueling the demand for stylish and unique candle designs, is further boosting the market growth.

Rising popularity of aromatherapy

Aromatherapy involves using natural plant extracts, including essential oils, to promote health and well-being. Scented candles, often infused with essential oils, are a convenient and effective way to experience the benefits of aromatherapy. They are believed to have various therapeutic properties, such as reducing anxiety, improving sleep, and enhancing mood. Furthermore, consumers are increasingly seeking natural and holistic approaches to health, and aromatherapy candles fit well into this trend. Besides this, the easy availability of a variety of scents, allowing individuals to choose according to their therapeutic needs, is catalyzing the market growth. Furthermore, the significant growth in wellness and self-care trends, particularly in urban areas where stress and lifestyle-related issues are prevalent, is driving the market growth.

Introduction of a diverse range of fragrances and products

The diversity in fragrances and product types is a major factor contributing to the scented candles market growth. The variety available caters to a broad spectrum of preferences and occasions, allowing consumers to find candles that perfectly fit their mood, decor, or event. Furthermore, it encourages experimentation and repeated purchases, as consumers are often keen to explore new scents. Additionally, advancements in fragrance technology, which have enabled the development of more complex and layered scents, enhancing the consumer experience, are bolstering the market growth. Besides this, the easy availability of a wide range of candle types, such as jar candles, tapers, tea lights, and votives, is acting as another growth-inducing factor.

Widespread product utilization in gift giving

Scented candles are popular gifts owing to their universal appeal and the wide range of options that cater to different tastes and occasions. Their versatility makes them suitable for a variety of events, including birthdays, weddings, holidays, and housewarming. Furthermore, the appeal of scented candles as gifts lies in their ability to offer a personal touch. They can be selected based on the recipient's preferences in fragrance and design, making them a thoughtful and customizable gift option. Additionally, the luxury segment of scented candles, featuring premium ingredients and designer branding, which provides options for high-end gifting, is driving the market growth. Besides this, the ease of packaging and the aesthetic appeal of candles, making them attractive as gifts, is fostering the market growth.

Shifting trend towards sustainability and natural ingredients

The emerging trend towards sustainability and the use of natural ingredients in scented candles is propelling the market growth. Consumers are becoming very conscious of the environmental impact and health implications of the products they use, leading to a preference for candles made from natural, non-toxic, and renewable resources like soy wax, beeswax, and vegetable-based wax. Natural waxes are not only eco-friendly but also burn cleaner and longer, making them more appealing to environmentally and health-conscious consumers. Additionally, the growing demand for scented candles made with natural fragrances and essential oils rather than synthetic fragrances, which can contain harmful chemicals, is supporting the market growth.

Scented Candles Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, category, raw material, and distribution channel.

Breakup by Product:

• Container-Based
• Pillar
• Others
   

Container-based accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes container-based, pillar, and others. According to the report, container-based represented the largest segment.

Container-based candles represent the largest segment, owing to their convenience and safety. They are often considered more decorative and versatile in terms of design and placement, making them a popular choice for home decor. The containers themselves can be designed to complement various interior styles, from minimalist to ornate, and can be recycled after the candle has burned down. Besides this, the portability and enclosed nature of container-based candles make them a preferred choice for consumers looking for both functionality and style in their products.

Pillar candles are free-standing and do not require a separate holder, which allows for more versatility in display and use. They are typically cylindrical and can vary greatly in height and diameter, making them suitable for a variety of decorative purposes. Pillar candles are often used as centerpieces for tables or as part of a decorative arrangement, adding elegance and ambiance to any setting.

Breakup by Category:

• Mass
• Premium
   

Premium holds the largest share in the industry

A detailed breakup and analysis of the market based on the category have also been provided in the report. This includes mass and premium. According to the report, premium accounted for the largest market share.

The premium segment occupies the largest share, owing to its high-quality ingredients, sophisticated fragrances, and luxurious packaging. Premium scented candles are often made with superior-grade wax, such as soy or beeswax, and infused with natural essential oils or boutique fragrance blends. They are also notable for their elegant and often artistic design, which makes them not only a source of fragrance but also a statement piece in home decor. Premium-scented candles are frequently associated with high-end brands and designers, and their pricing reflects the quality of craftsmanship and materials involved in their production.

The mass segment includes products that are more affordable and widely available. These candles are typically produced in larger quantities and are accessible to a diverse consumer base. They are usually made with more common materials, such as paraffin wax, and feature simpler, more conventional fragrances. Mass-produced candles are often found in general retail stores, supermarkets, and online platforms, making them easily accessible to the average consumer.

Breakup by Raw Material:

• Paraffin Wax
• Soy Wax
• Beeswax
• Others
   

Paraffin wax represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the raw material. This includes paraffin wax, soy wax, beeswax and others. According to the report, paraffin wax represented the largest segment.

Paraffin wax holds the largest market share due to its excellent scent-throwing abilities, versatility, ease of use, and cost-effectiveness. Paraffin wax can be easily blended with colors and fragrances, and it offers a consistent burn quality. Candles made from paraffin wax are widely available and tend to be more affordable, making them accessible to a broad consumer base. This segment caters to both the mass market and certain premium brands that prefer paraffin for its strong fragrance diffusion properties. Additionally, the established manufacturing processes for paraffin candles and their ability to cater to various market needs are contributing to the market growth.

Soy wax is biodegradable and generally considered a more eco-friendly option compared to paraffin wax. Candles made from soy wax burn longer and cleaner, with less soot production, which is a significant advantage for indoor air quality and candle longevity. They are often preferred by consumers who are looking for natural, non-toxic products.

Beeswax is a natural wax extracted by honeybees and is known for its non-toxic, hypoallergenic properties. Beeswax candles burn very cleanly, emitting negative ions that can help purify the air, making them a preferred choice for consumers with allergies or sensitivities. They appeal to those who prioritize environmental sustainability and natural products, as beeswax is a renewable resource, and its use supports beekeeping and biodiversity.

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Online Stores
• Others
   

Hypermarkets and supermarkets exhibit a clear dominance in the market 

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes hypermarkets and supermarkets, convenience stores, online stores, and others. According to the report, hypermarkets and supermarkets accounted for the largest market share.

The hypermarkets and supermarkets segment represents the largest share due to the widespread availability and accessibility of these retail spaces. Hypermarkets and supermarkets offer a diverse range of scented candles, catering to various consumer preferences, from affordable mass-market options to more exclusive, premium brands. They also provide a tactile shopping experience, allowing customers to physically examine products, assess their quality, and experience the scents firsthand before making a purchase. Additionally, the presence of scented candles in these retail spaces increases their visibility among a broad consumer base, including those who may not be specifically seeking out these products but make impulse purchases.

Convenience stores are typically located in accessible areas and cater to customers looking for quick and easy shopping solutions. They stock a selection of popular and affordable options, which makes them a convenient choice for consumers making routine purchases or those seeking last-minute gifts. Convenience stores are particularly appealing for their extended hours and easy accessibility.

Online stores are a rapidly growing distribution channel driven by the increasing trend of digital shopping. They provide the convenience of browsing and purchasing from a vast array of options from the comfort of one's home. Furthermore, online platforms offer access to a wide range of products, from mass-market brands to artisanal and niche candle makers.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest scented candles market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America holds the largest market share due to the high disposable income of consumers, coupled with a strong culture of personal wellness and home decor. Additionally, the presence of a significant consumer base that values the ambiance and fragrance that scented candles provide, is supporting the market growth. Besides this, the region hosts numerous leading candle manufacturers and artisanal brands, which is further fueling the market growth. Moreover, the shifting trend towards natural and eco-friendly products, leading to an increase in demand for candles made from soy wax, beeswax, and natural fragrances, is driving the market growth.

The scented candles market in Europe is characterized by a strong preference for luxury and artisanal products. European consumers are known for their high aesthetic standards and preference for quality over quantity, which is reflected in their choice of scented candles. Additionally, the increasing awareness and demand for natural and organic products in Europe, leading to the growth of eco-friendly and sustainable candle brands, is favoring the market growth.

The Asia Pacific region is a rapidly expanding market, driven by increasing disposable incomes and a growing interest in Western lifestyle trends, including home fragrance and decor. Additionally, the region is also witnessing a growing awareness of wellness and self-care practices, which is contributing to the market growth.

In Latin America, the scented candles market is growing, with an increasing number of consumers embracing the use of candles for ambiance and home decor. Furthermore, the increasing influence of local cultural practices, where candles have been used for religious and ceremonial purposes, is supporting the market growth. Additionally, rapid urbanization and a growing middle class, leading to increased disposable incomes, are driving the market growth.

The scented candles market in the Middle East and Africa is emerging, owing to the growing consumer interest in luxury and high-quality home fragrance products. Additionally, escalating urbanization and rising disposable incomes are contributing to the market growth. Furthermore, the growing middle class in the region with increasing interest in lifestyle and wellness products is bolstering the market growth.

Leading Key Players in the Scented Candles Industry:

Key players are consistently innovating their product lines to introduce new scents, styles, and materials. It includes exploring eco-friendly and sustainable materials like soy and beeswax and offering a broader range of fragrances to cater to various consumer preferences. Furthermore, companies are also experimenting with design elements to make their products not just functional but also decorative. Besides this, several manufacturers are collaborating with designers, celebrities, or other brands to create unique, limited-edition candle collections. Additionally, they are expanding their geographic footprint by setting up new stores, partnering with local distributors, and tailoring their product offerings to suit regional preferences and cultural nuances.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Bath & Body Works Inc.
• Bolsius International B.V.
• Bridgewater Candle Company
• Candle-lite Company
• Conscious Candle Company
• Diptyque
• Lalique Group
• Mvp Group International Inc.
• NEST New York
• S. C. Johnson & Son Inc.
• Stonewall Kitchen
• The Estee Lauder Companies Inc.
• The Yankee Candle Company Inc. (Newell Brands)
• Thymes LLC
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

• In July 2023, S.C. Johnson & Sons Inc., a leading manufacturer of air care products spent $21.85 Million to purchase an industrial facility and 24 acres in Mount Pleasant to expand its reach.
• In September 2023, Diptyque introduced the “Les Mondes de Diptyque” collection, which is comprised of five new scented candles.
• In April 2023, The Yankee Candle Company created a new, limited edition collection of floral fragrance and scented candles with Vera Bradley.

Scented Candles Market Report Scope:

Key Questions Answered in This Report:

• How has the global scented candles market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global scented candles market?
• What is the impact of each driver, restraint, and opportunity on the global scented candles market?
• What are the key regional markets?
• Which countries represent the most attractive scented candles market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the scented candles market?
• What is the breakup of the market based on the category?
• Which is the most attractive category in the scented candles market?
• What is the breakup of the market based on the raw material?
• Which is the most attractive raw material in the scented candles market?
• What is the breakup of the market based on the distribution channel?
• Which is the most attractive distribution channel in the scented candles market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global scented candles market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the scented candles market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global scented candles market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the scented candles industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.