Canada Candle Market Size & Outlook, 2022-2030
Canada candle market, 2017-2030 (US$M)
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Canada candle market highlights
- The Canada candle market generated a revenue of USD 777.7 million in 2022 and is expected to reach USD 1,267.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.3% 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.
Candle market data book summary
| Market revenue in 2022 | USD 777.7 million |
| Market revenue in 2030 | USD 1,267.1 million |
| Growth rate | 6.3% (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, Canada accounted for 6.0% 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 North America, U.S. candle market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,267.1 million by 2030.
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Candle Market Scope
Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 27.31% in 2022. Horizon Databook has segmented the Canada candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
The candles market will expand significantly as a result of the wide range of fragrances available to buyers. Candles can be used in various ways for home decor; this versatility will help them flourish. Along with their aesthetic attributes, these create a relaxed ambiance, reducing stress and promoting well-being.
Moreover, collaborations and expansions are increasing as companies strive to strengthen their market position. For instance, in March 2022, French luxury and Candle brand Diptyque announced its first store in the Canadian market in Toronto’s Yorkdale Shopping Center. It is a part of the direct-to-consumer expansion of the brand.
Diptyque will also join other nearby beauty brands, including Aesop and a large Sephora store. The most popular candles in North America are tapers and votive candles utilized in several religious ceremonies. In March 2022, Bath and Body Works Canada announced a sale on its three-wick taper candles, which have gained high popularity on Youtube.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada candle market , including forecasts for subscribers. This country databook contains high-level insights into Canada candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada candle market size, by product, 2017-2030 (US$M)
Canada Candle Market Outlook Share, 2022 & 2030 (US$M)
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