Global Candle Market Size & Outlook
The candle industry worldwide is expected to reach a projected revenue of US$ 20,095.4 million by 2030. A compound annual growth rate of 5.7% is expected of the worldwide candle industry from 2023 to 2030.
Revenue, 2022 (US$M)
$12,889.7
Forecast, 2030 (US$M)
$20,095.4
CAGR, 2023 - 2030
5.7%
Report Coverage
Worldwide
Global candle market, 2017-2030 (US$M)
Related Markets
Global candle market highlights
- The global candle market generated a revenue of USD 12,889.7 million in 2022 and is expected to reach USD 20,095.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, votive accounted for a revenue of USD 3,478.7 million in 2022.
- Tapers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 12,889.7 million |
| Market revenue in 2030 | USD 20,095.4 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Votive |
| Fastest growing segment | Tapers |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Votive, Container Candles, Pillars, Tapers |
Other key industry trends
- In terms of revenue, the North America accounted for 32.7% of the global candle market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 319.5 million by 2030.
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Candle Market Scope
Candle market segmentation & scope
Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global candle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to candle market will help companies and investors design strategic landscapes.
votive was the largest segment with a revenue share of 26.99% in 2022. Horizon Databook has segmented the Global candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Candle Product Outlook (Revenue, USD Million, 2017-2030)
- Votive
- Container Candles
- Pillars
- Tapers
- Others
- Global Candle Wax Type Outlook (Revenue, USD Million, 2017-2030)
- Paraffin
- Soywax
- Beeswax
- Palmwax
- Others
- Global Candle Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Offline
- Online
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Target buyers of Global candle market databook
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Horizon Databook provides a detailed overview of global-level data and insights on the Global candle market , including forecasts for subscribers. This global databook contains high-level insights into Global candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global candle market statistics, by region, 2017-2030 (US$M)
Top 10 countries: Candle market size, 2022 (USD Million)
Top 10 countries: Candle market size, 2022 (USD Million)
Global candle market, by region, 2022 (US$M)
Related regional statistics
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