34% of the growth comes from APAC for the scented candles market

The report also covers the following areas:

Scented Candle Market 2021-2025: Segmentation

  • Distribution channel
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MY

Regional market analysis

APAC is expected to account for 34% of market growth during the forecast period. China is the key country for the market for scented candles in APAC. Market growth in this region will be faster than market growth in other regions. The increasing consumer preferences to spend on aesthetic home fragrances will drive the growth of the scented candle market in APAC during the forecast period.

For further information on the regional market: Request a free trial report.

Key suppliers and supplier strategies

Bolsius International BV, Bridgewater Candle Co., Diptyque SAS, Godrej Consumer Products Ltd., Nest Fragrances LLC, Newell Brands Inc., Reckitt Benckiser Group Plc, SC Johnson and Son Inc., ScentAir Technologies LLC and The Procter and Gamble Co. are some of the most important suppliers in the market for scented candles. Suppliers use strategies for organic and inorganic growth to compete in the market.

Download our free sample report to gain a brief understanding of various other suppliers and the suppliers’ strategies.

Important market drivers

Our analysts have described in detail the information about the main driving forces in the market and their impact on the market for scented candles.

  • Increase investment in home furnishings:
    • One of the key factors driving growth in the scented candles market is the increasing investment in home furnishings. Growth in housing construction due to the rising employment rate, rapid urbanization, increasing industrialization and sustainable political support in the form of affordable loans are some of the factors driving investment in household furnishings. In addition, initiatives to develop residential buildings that use solar energy promote the demand for environmentally friendly home furnishing products. Thus, the market for scented candles is expected to grow due to increased investments in home furnishing products.

To know about some other market drivers, trends and challenges.

Download our free sample report

The market for scented candles 2021–2025: Important highlights

  • CAGR for the market during the forecast period 2021-2025
  • Detailed information on factors that will help the growth of the scented candle market over the next five years
  • Estimation of the size of the scented candle market and its contribution to the parent market
  • Predictions about future trends and changes in consumer behavior
  • The growth of the market for scented candles
  • Analysis of the market’s competitive image and detailed information about suppliers
  • Comprehensive information on factors that will challenge the growth of scented candle market providers

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Scented Candle Market Scope

Report coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.97%

Market growth 2021-2025

USD 1.46 billion

Market structure

Fragmented

Growth on an annual basis (%)

6.36

Regional analysis

North America, Europe, APAC, South America and MEA

Make market contributions

APAC at 34%

Important consumer countries

USA, China, Great Britain, France and Brazil

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Key companies profiled

Bolsius International BV, Bridgewater Candle Co., Diptyque SAS, Godrej Consumer Products Ltd., Nest Fragrances LLC, Newell Brands Inc., Reckitt Benckiser Group Plc, SC Johnson and Son Inc., ScentAir Technologies LLC and The Procter and Gamble Co.

Market dynamics

Parental Market Analysis, Market Growth Inducers and Obstacles, Fast-Growing and Slow-Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Adaptation focus

If our report has not included the data you are looking for, you can reach out to our analysts and get segments customized.

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on new market trends and provides practical insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and includes 800 technologies, spanning over 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research and effective market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.

Contact

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SOURCE Technavio

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