Global Luxury candles Market Size study & Forecast, by Product by Wax Type, by Distribution Channel and Regional Analysis, 2022-2029

Description

List of Tables

Global Luxury candles Market is valued at approximately USD 485 million in 2021 and is anticipated to grow with a healthy growth rate of more than 10.5% over the forecast period 2022-2029. Luxury candles are high-end candles that are typically made with high-quality, natural ingredients, and are often hand-poured and hand-crafted. These candles are typically priced higher than standard candles due to their premium quality and the luxurious experience they provide. Furthermore, consumers are becoming more conscious about the impact of their purchases on the environment and are increasingly interested in natural and sustainable products. Many premium candle brands use high-quality, natural ingredients and eco-friendly packaging, which appeals to environmentally conscious consumers. However, high cost of premium and luxury candles is expected to restrict the market expansion in coming years.

The market is primarily driven by younger generations' increasing disposable income and willingness to invest in home decor. While candles are considerably cheaper than handbags or shoes, fashion houses are entering the market at exorbitant pricing. Gucci, for example, debuted two candle lines this year, with prices starting at USD 300. The Esotericum, XL feline head candle by the fashion company costs USD 790. Meanwhile, Louis Vuitton sells USD 185 candles with little leather handles. Designers such as YSL and Margiela offer slightly more affordable items in the USD 60 to USD 80 bracket. Moreover, as per Global Wellness Institute (GWI) the spa industry is experiencing rapid growth, with the Global Wellness Institute predicting it to reach a value of USD 128 billion by 2022. The top five markets driving this growth are the United States, China, Germany, Japan, and France. This growth presents a significant opportunity for luxury candle brands, as the popularity of aromatherapy in spas has created a demand for high-quality scented candles that can be used to enhance the spa experience. Essential oils such as lavender, tea tree, peppermint, and lemon are commonly used in aromatherapy, and there are many luxury candle options available in these popular scents, which allows spa-goers to continue their relaxation and wellness journey at home.

The key regions considered for the Global Luxury candles Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe currently holds a dominant position in the global luxury candle market, accounting for approximately 35.9% of the market's revenue in 2022. This is partly due to the presence of several popular luxury candle brands that are based in Europe, such as Jo Malone London. Jo Malone candles are renowned for their high quality and luxurious fragrances and are often sold in bulk with an average price of USD 485. Luxury candles are not just viewed as a commodity, but rather to enhance the overall experience of relaxation and well-being. The pleasing fragrances of these candles are valued by consumers for their ability to relieve stress and anxiety. Additionally, the colder climate of many European countries has contributed to the growth of the market, as luxury candles provide a warm and cozy ambiance that is particularly appealing in these regions.

Major market players included in this report are:

Byredo
Diptyque Paris
Jo Malone London
Fornasetti S.P.A.
c.f.e.b. SISELY
Eight & Bob
LUMIRA Co Pty Ltd
Le Labo
Trudon
Ellis Brooklyn

Recent Developments in the Market:

In 2021, French luxury fashion house Dior launched a new collection of scented candles called the "Dioramour" collection. The collection features five candles with unique fragrances, and each candle is housed in a decorative ceramic jar adorned with motifs inspired by love.
In 2020, luxury fashion brand Louis Vuitton partnered with master perfumer Jacques Cavallier Belletrud to launch a collection of five high-end scented candles. The candles feature fragrances inspired by travel destinations such as California, Tokyo, and the African savannah.
In 2019, British luxury brand Burberry launched a collection of scented candles inspired by the brand's signature scents. The collection includes three candles, each housed in a glass jar with a lid adorned with the Burberry check pattern.

Global Luxury candles Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, wax type, distribution channel, region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product:

Container
Pillar
Votive
Tapers
Others

By Wax Type:

Paraffin
Soywax
Beeswax
Palm Wax
Others

By Distribution Channel:

Stand-Alone Boutiques
Departmental Stores
Specialty Stores
Online

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Luxury Candle Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Luxury Candle Market, by Product , 2019-2029 (USD Million)
- 1.2.3. Luxury Candle Market, by Wax Type, 2019-2029 (USD Million)
- 1.2.4. Luxury Candle Market, by Distribution Channel, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Luxury Candle Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Luxury Candle Market Dynamics

3.1. Luxury Candle Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing demand for natural and sustainable products
  - 3.1.1.2. Increased focus on wellness and self-care
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Luxury Candles
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising popularity of aromatherapy

Chapter 4. Global Luxury Candle Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Luxury Candle Market, by Product Outlook

6.1. Market Snapshot
6.2. Global Luxury Candle Market by Product Outlook, Performance - Potential Analysis
6.3. Global Luxury Candle Market Estimates & Forecasts by Product Outlook 2019-2029 (USD Million)
6.4. Luxury Candle Market, Sub Segment Analysis
- 6.4.1. Container
- 6.4.2. Pillar
- 6.4.3. Votive
- 6.4.4. Tapers
- 6.4.5. Others

Chapter 7. Global Luxury Candle Market, by Wax Type

7.1. Market Snapshot
7.2. Global Luxury Candle Market by Wax Type, Performance - Potential Analysis
7.3. Global Luxury Candle Market Estimates & Forecasts by Wax Type 2019-2029 (USD Million)
7.4. Luxury Candle Market, Sub Segment Analysis
- 7.4.1. Paraffin
- 7.4.2. Soywax
- 7.4.3. Beeswax
- 7.4.4. Palm Wax
- 7.4.5. Others

Chapter 8. Global Luxury Candle Market, by Distribution Channel

8.1. Market Snapshot
8.2. Global Luxury Candle Market by Distribution Channel, Performance - Potential Analysis
8.3. Global Luxury Candle Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Million)
8.4. Luxury Candle Market, Sub Segment Analysis
- 8.4.1. Stand-Alone Boutiques
- 8.4.2. Departmental Stores
- 8.4.3. Specialty Stores
- 8.4.4. Online

Chapter 9. Global Luxury Candle Market, Regional Analysis

9.1. Luxury Candle Market, Regional Market Snapshot
9.2. North America Luxury Candle Market
- 9.2.1. U.S. Luxury Candle Market
  - 9.2.1.1. Product Outlook breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Wax Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Luxury Candle Market
9.3. Europe Luxury Candle Market Snapshot
- 9.3.1. U.K. Luxury Candle Market
- 9.3.2. Germany Luxury Candle Market
- 9.3.3. France Luxury Candle Market
- 9.3.4. Spain Luxury Candle Market
- 9.3.5. Italy Luxury Candle Market
- 9.3.6. Rest of Europe Luxury Candle Market
9.4. Asia-Pacific Luxury Candle Market Snapshot
- 9.4.1. China Luxury Candle Market
- 9.4.2. India Luxury Candle Market
- 9.4.3. Japan Luxury Candle Market
- 9.4.4. Australia Luxury Candle Market
- 9.4.5. South Korea Luxury Candle Market
- 9.4.6. Rest of Asia Pacific Luxury Candle Market
9.5. Latin America Luxury Candle Market Snapshot
- 9.5.1. Brazil Luxury Candle Market
- 9.5.2. Mexico Luxury Candle Market
9.6. Rest of The World Luxury Candle Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Byredo
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Diptyque Paris
- 10.2.3. Jo Malone London
- 10.2.4. Fornasetti S.P.A.
- 10.2.5. c.f.e.b. SISELY
- 10.2.6. Eight & Bob
- 10.2.7. LUMIRA Co Pty Ltd
- 10.2.8. Le Labo
- 10.2.9. Trudon
- 10.2.10. Ellis Brooklyn

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Luxury Candle Market, report scope
TABLE 2. Global Luxury Candle Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Luxury Candle Market estimates & forecasts by Product Outlook 2019-2029 (USD Million)
TABLE 4. Global Luxury Candle Market estimates & forecasts by Wax Type 2019-2029 (USD Million)
TABLE 5. Global Luxury Candle Market estimates & forecasts by Distribution Channel 2019-2029 (USD Million)
TABLE 6. Global Luxury Candle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 7. Global Luxury Candle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Luxury Candle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Luxury Candle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Luxury Candle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Luxury Candle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Luxury Candle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Luxury Candle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Luxury Candle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. Global Luxury Candle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. U.S. Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 17. U.S. Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 18. U.S. Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 19. Canada Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 20. Canada Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. Canada Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 22. UK Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 23. UK Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. UK Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 25. Germany Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 26. Germany Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. Germany Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 28. France Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 29. France Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. France Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 31. Italy Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 32. Italy Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Italy Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 34. Spain Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 35. Spain Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. Spain Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 37. RoE Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 38. RoE Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. RoE Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 40. China Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 41. China Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. China Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 43. India Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 44. India Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. India Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 46. Japan Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 47. Japan Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. Japan Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 49. South Korea Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 50. South Korea Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. South Korea Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 52. Australia Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 53. Australia Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. Australia Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 55. RoAPAC Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 56. RoAPAC Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. RoAPAC Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 58. Brazil Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 59. Brazil Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Brazil Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 61. Mexico Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 62. Mexico Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. Mexico Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 64. RoLA Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 65. RoLA Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. RoLA Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 67. Row Luxury Candle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 68. Row Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. Row Luxury Candle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Luxury Candle Market
TABLE 71. List of primary sources, used in the study of global Luxury Candle Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Luxury Candle Market, research methodology
FIG 2. Global Luxury Candle Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Luxury Candle Market, key trends 2021
FIG 5. Global Luxury Candle Market, growth prospects 2022-2029
FIG 6. Global Luxury Candle Market, porters 5 force model
FIG 7. Global Luxury Candle Market, pest analysis
FIG 8. Global Luxury Candle Market, value chain analysis
FIG 9. Global Luxury Candle Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Luxury Candle Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Luxury Candle Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Luxury Candle Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Luxury Candle Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Luxury Candle Market, regional snapshot 2019 & 2029
FIG 15. North America Luxury Candle Market 2019 & 2029 (USD Million)
FIG 16. Europe Luxury Candle Market 2019 & 2029 (USD Million)
FIG 17. Asia pacific Luxury Candle Market 2019 & 2029 (USD Million)
FIG 18. Latin America Luxury Candle Market 2019 & 2029 (USD Million)
FIG 19. Global Luxury Candle Market, company Market share analysis (2021)