Asia Pacific Candle Market Size & Outlook, 2022-2030
Asia Pacific candle market, 2017-2030 (US$M)
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Asia Pacific candle market highlights
- The Asia Pacific candle market generated a revenue of USD 2,727.9 million in 2022.
- The market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, votive was the largest revenue generating product in 2022.
- Tapers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,727.9 million |
| Market revenue in 2030 | USD 4,788.7 million |
| Growth rate | 7.3% (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 |
| Key market players worldwide | Bath & Body Works Inc, The Estee Lauder Companies Inc Class A, Better Homes & Gardens Real Estate Elliott Coastal Living, Bridgewater Candle Company, Colonial Candle, Circle E Candles, Diptyque, Jo Malone London, MALIN+GOETZ, NEST New York, Yankee Candle Company, Contract Candles & Diffusers, Ellis Brooklyn, Trudon |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.2% of the global candle market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,788.7 million by 2030.
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Candle Market Scope
Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 27.75% in 2022. Horizon Databook has segmented the Asia Pacific candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
Younger consumers in the region are looking for enhanced services and retailers and are willing to invest in luxury goods such as candles and perfumes. Due to this increase, a surge of businesses is producing candles that are more décor accessories than simple wax tapers or pillars.
For instance, RAD Living a startup based in India offers good humor content on the container glass along with a wellthought palette of fragrances through all-natural soy wax candles. The rising number of hotels, restaurants, and spas will also drive candles especially scented candle market.
According to the TOP HOTEL PROJECTS Construction database, 2,626 projects and 6,18,676 rooms in 2021 were opened around the Asia Pacific making this region world’s most rapidly growing market. A rising millennial population and increased consumer spending are the major factors propelling the demand for candles.
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Target buyers of Asia Pacific candle market databook
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Our clientele includes a mix of candle market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific candle market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific candle market size, by country, 2017-2030 (US$M)
Asia Pacific Candle Market Outlook Share, 2022 & 2030 (US$M)
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