The global scented candles market is projected to reach a size of $677.8 million by 2030, growing at a CAGR of 3% over the analysis period 2022-2030, according to the Scented Candles: Global Strategic Business Report.
Growth in the pillars segment is readjusted to a revised 2.8% CAGR for the next eight-year period.
Two major markets driving the growth of the segment include:
United States Market: The scented candles market in the United States is estimated at $145.7 million in the year 2022.
Chinese Market: The scented candles market in China is forecast to reach a projected market size of $133.6 million by the year 2030, trailing a CAGR of 5.1% over the analysis period 2022 to 2030.