Brazil Candle Market Size & Outlook, 2022-2030
Brazil candle market, 2017-2030 (US$M)
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Brazil candle market highlights
- The Brazil candle market generated a revenue of USD 622.4 million in 2022 and is expected to reach USD 910.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.9% 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.
Candle market data book summary
| Market revenue in 2022 | USD 622.4 million |
| Market revenue in 2030 | USD 910.4 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Votive |
| Fastest growing segment | Tapers |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 4.8% of the global candle market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil candle market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 910.4 million by 2030.
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Candle Market Scope
Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 26.75% in 2022. Horizon Databook has segmented the Brazil candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
The rise in wellness tourism, coupled with an increasing number of hotels, spas, and restaurants, is driving the demand for candles in the region. According to the WYSE Travel Confederation, more than half of the millennials prefer traveling as it provides them relaxation.
Therefore, the hotels, spas, and restaurants in the wellness tourism countries contribute to the growing demand for luxury candles. Furthermore, the proximity to the U.S. and a booming luxury goods industry is driving the demand for a wide range of luxury and scented candles in Brazil.
The rapidly growing purchasing power of the younger population is a major factor driving the demand for candles in Brazil. Companies in the candle market are constantly experimenting with different types of glass containers, wicks, and wax types to understand consumers’ tastes and offer them products that are best suited for them.
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Our clientele includes a mix of candle market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil candle market , including forecasts for subscribers. This country databook contains high-level insights into Brazil candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil candle market size, by product, 2017-2030 (US$M)
Brazil Candle Market Outlook Share, 2022 & 2030 (US$M)
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