Report: Global Candle Market Growth Value

Sep 21st, 2022

Candle demand is increasing in spas, massage centers and other commercial places.

Dreamstime

A report by Facts & Factors states that the global candle market size is projected to surpass $13,700 million by 2026, at a CAGR of 6.7%.

In 2020, the global candle market was valued at $8.9 million. The demand for candles is increasing among consumers seeking self-care and relief from anxiety, headaches and more. The demand is also increasing in spas, massage centers and other commercial places.

Highlights from the report include:

Increasing demand for candles for home and office decorations and in festival celebrations like Christmas and Diwali.

Increase in demand for organic candles to drive the growth market.

Paraffin wax has a market share of more than 30% because of its low cost and variety in shaping.
North America holds the largest global share and is expected to grow the fastest during the forecast period, owing to growing aromatherapy treatments.
The high consumption of candles as an aesthetic-appealing product among female Millennials at home is projected to drive market growth.
Mosquito-repellant candles are anticipated to support growth of the market.
Candle-making is measured as the biggest lockdown trend and has gained traction owing to various social media platforms like TikTok, resulting in a 3,500% spike in searches for soy candle-making kits.

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