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PUBLISHER: Grand View Research | PRODUCT CODE: 1268677
PUBLISHER: Grand View Research | PRODUCT CODE: 1268677
Luxury Candle Market Size, Share & Trends Analysis Report By Product (Container, Pillar, Votive, Tapers, Others), By Wax Type, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030
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Luxury Candle Market Growth & Trends:
The global luxury candle market is expected to reach USD 1.18 billion by 2030, expanding at a CAGR of 10.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Absence of toxin emissions while burning luxury candles, increasing demand for aromatherapy and spa treatments, rising demand for home fragrances, coupled with high adoption of luxury candles as a means of enhancing the aesthetics and ambiance of home spaces is driving the market growth.
Luxury candles have become more widely used in commercial settings over the past few years. For a calming impact, many spa and massage facilities use candles infused with essential oils. Luxury candles are in high demand as saunas and aromatherapy become more and more popular.Similarly, restaurants and fine dining establishments have been utilizing these goods more frequently to provide their patrons with a stunning and fragrant environment.
The growing disposable income of younger generations and their readiness to invest in home decor are the main factors driving the market for luxury candles. While it is common knowledge that candles are less expensive than bags or shoes, fashion companies are entering the market with astronomical prices. Gucci, for instance, introduced two candle brands with prices beginning at USD 300. Esotericum, XL feline head candle from the clothing brand costs USD 790 at retail.
The increase in self-care is a key element fueling the candle boom. A variety of wellness accessories for the house are frequently offered for sale by players in the wellness industry, particularly lifestyle-wellness hybrids like Goop and Honest. Additionally, Candles are increasingly common in beauty kits and gift sets as the beauty industry uses the concepts of rituals and faith to market products.
COVID-19 played an important role in the increased adoption of candles. In 2020, candles transformed people's quarantine experiences. Moreover, e-commerce vendors are marketing artistically-designed candles with sculptural shapes and crafting, which has further boosted consumer interest in luxury candles. Although candles are not a seasonal business, regular candle buyers purchase new ones year-round. According to National Candle Association (NCA), around 35% of candle sales happen in the U.S. during Christmas and the holiday season.The non-seasonal candle business is responsible for around 65% of sales. Over 64% of consumers buy scented candles to gift their friends and families for various occasions.
Luxury Candle Market Report Highlights:
- Container product type dominated the market in 2022. Consumers frequently use container candles because they are secure and more aesthetically pleasing. They are simple to store and typically have a lid to keep the scent in. A number of retail establishments also carry container candles in a variety of fragrances for aisle displays
- Soy wax based candles are set to rise at the fastest rate in the market. These candles are considered to be better than paraffin wax as it is natural and renewable. Moreover, these candles offer slow burn and appeal to consumers who are looking for sustainable alternatives
- Departmental stores are forecasted to retain its dominant position in terms of distribution channel. Customers who buy candles prefer department shops because they can sample different scents there before deciding to buy. It also becomes more convenient for customers to purchase a variety of items at once and under one roof as these shops also sell other household goods
Product Code: GVR-4-68040-054-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Wax Type Outlook
- 2.4. Distribution Channel Outlook
- 2.5. Regional Outlook
Chapter 3. Luxury Candles Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's
- 3.6. Roadmap of Luxury Candles Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the Luxury Candles Market
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Luxury Candles Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2022 & 2030
- 5.2. Container
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Pillar
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Votive
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.5. Tapers
- 5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Luxury Candles Market: Wax Type Estimates & Trend Analysis
- 6.1. Wax Type Movement Analysis & Market Share, 2022 & 2030
- 6.2. Paraffin
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3. Soywax
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4. Beeswax
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5. Palm Wax
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Luxury Candles Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution channel Movement Analysis & Market Share, 2022 & 2030
- 7.2. Stand-Alone Boutiques
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3. Departmental Stores
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4. Specialty Stores
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5. Online
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Luxury Candles Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.2.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.2.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.2.5. U.S.
- 8.2.5.1. Market estimates and forecast, 20 17 - 2030 (USD Million)
- 8.2.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.2.5.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.2.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.3.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.3.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.3.5. Germany
- 8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.3.5.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.3.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.3.6. U.K.
- 8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.6.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.3.6.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.3.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.4.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.4.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.4.5. China
- 8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.4.5.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.4.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.4.6. India
- 8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.6.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.4.6.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.4.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.5.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.5.5. Brazil
- 8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.5.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.5.5.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.5.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.6.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.6.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 8.6.5. South Africa
- 8.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.6.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 8.6.5.3. Market estimates and forecast, by Wax Type, 2017 - 2030 (USD Million)
- 8.6.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Key global players, recent developments & their impact on the industry
- 9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 9.3. Vendor Landscape
- 9.3.1. Key company market share analysis, 2022
Chapter 10. Company Profiles
- 10.1. Byredo
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Strategic Initiatives
- 10.2. Diptyque Paris
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Strategic Initiatives
- 10.3. Jo Malone London
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Strategic Initiatives
- 10.4. Fornasetti S.P.A.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Strategic Initiatives
- 10.5. c.f.e.b. SISLEY
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Strategic Initiatives
- 10.6. Eight & Bob
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Strategic Initiatives
- 10.7. LUMIRA Co Pty Ltd
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Strategic Initiatives
- 10.8. Le Labo
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Strategic Initiatives
- 10.9. Trudon
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Strategic Initiatives
- 10.10. Ellis Brooklyn
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives
- 10.11. Louis Vuitton
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Strategic Initiatives
- 10.12. Acqua Di Parma SRL
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Strategic Initiatives
- 10.13. Parfumes de Marly
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Strategic Initiatives
- 10.14. Hermes
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Strategic Initiatives
- 10.15. Tomford Beauty
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Strategic Initiatives
- 10.16. Creed Fragrances
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Strategic Initiatives
- 10.17. Francis Kurkdjian
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Strategic Initiatives
- 10.18. By Kilian
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Strategic Initiatives
Product Code: GVR-4-68040-054-7
List of Tables
- 1. Luxury candle market - Key market driver analysis
- 2. Luxury candle market - Key market restraint analysis
- 3. Global luxury candle market revenue estimates and forecast by product, from 2017 - 2030 (USD Million)
- 4. Global luxury candle market revenue estimates and forecast by skincare, from 2017 - 2030 (USD Million)
- 5. Container luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 6. Pillar luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 7. Votive luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 8. Tapers luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 9. Others luxury candle market revenue estimates and forecast by others, from 2017 - 2030 (USD Million)
- 10. Global luxury candle market revenue estimates and forecast by wax type, from 2017 - 2030 (USD Million)
- 11. Paraffin wax luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 12. Soy wax luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 13. Beeswax luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 14. Palm Wax luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 15. Other wax luxury candle market revenue estimates and forecast, from 2017 - 2030 (USD Million)
- 16. Global luxury candle market revenue estimates and forecast by distribution channel, from 2017 - 2030 (USD Million)
- 17. Global luxury candle market revenue estimates and forecast by stand-alone beauty stores, from 2017 - 2030 (USD Million)
- 18. Global luxury candle market revenue estimates and forecast by departmental stores, from 2017 - 2030 (USD Million)
- 19. Global luxury candle market revenue estimates and forecast by specialty stores, from 2017 - 2030 (USD Million)
- 20. Global luxury candle market revenue estimates and forecast by online, from 2017 - 2030 (USD Million)
- 21. Global luxury candle market estimates and forecast, by region 2017 - 2030 (USD Million)
- 22. North America Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 23. North America luxury candle market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
- 24. North America Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 25. North America Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 26. U.S. Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 27. U.S. Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 28. U.S. Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 29. U.S. Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 30. Europe Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 31. Europe Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 32. Europe Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 33. Europe Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 34. Germany Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 35. Germany Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 36. Germany Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 37. Germany Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 38. U.K. Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 39. U.K. Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 40. U.K. Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 41. U.K. Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 42. Asia Pacific Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 43. Asia Pacific Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 44. Asia Pacific Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 45. Asia Pacific Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 46. China Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 47. China Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 48. China Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 49. China Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 50. India Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 51. India Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 52. India Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 53. India Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 54. Central & South America Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 55. Central & South America Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 56. Central & South America Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 57. Central & South America Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 58. Brazil Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 59. Brazil Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 60. Brazil Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 61. Brazil Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 62. Middle East & Africa Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 63. Middle East & Africa Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 64. Middle East & Africa Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 65. Middle East & Africa Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 66. South Africa Luxury candle market estimates and forecast, 2017 - 2030 (USD Million)
- 67. South Africa Luxury candle market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
- 68. South Africa Luxury candle market revenue estimates and forecast, by Wax type, 2017 - 2030 (USD Million)
- 69. South Africa Luxury candle market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
- 70. Vendor landscape
List of Figures
- 1. Luxury candles market snapshot
- 2. Luxury candles market segmentation & scope
- 3. Luxury candles market penetration & growth prospect mapping
- 4. Luxury candles market value chain analysis
- 5. Luxury candles market dynamics
- 6. Luxury candles market Porter's analysis
- 7. Luxury candles market: Product movement analysis
- 8. Luxury candles market: Wax type movement analysis
- 9. Luxury candles market: Distribution Channel movement analysis
- 10. Luxury candles market: Regional movement analysis
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