China Candle Market Size & Outlook, 2022-2030
China candle market, 2017-2030 (US$M)
Related Markets
China candle market highlights
- The China candle market generated a revenue of USD 896.6 million in 2022 and is expected to reach USD 1,454.8 million by 2030.
- The China market is expected to grow at a CAGR of 6.2% 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 896.6 million |
| Market revenue in 2030 | USD 1,454.8 million |
| Growth rate | 6.2% (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, China accounted for 7.0% 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 Asia Pacific, China candle market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,366.7 million by 2030.
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Candle Market Scope
Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 26.56% in 2022. Horizon Databook has segmented the China candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
The popularity of candles dates back to the history of China. The use of candles in the country has been prominent, particularly during the holiday seasons. Candles are widely used in Chinese New Year, Lantern Festival, Hungry Ghost Festival, Mid-Autumn Festival, and in Buddhist shrines.
With the flourishing demand for scented candles in China, candle makers are creating candles made of organic ingredients with natural fragrances. As a result, several international perfume manufacturers are investing in China.
ScentAir, a renowned scent-marketing firm, believes that China is one of the countries in the APAC with immense development potential in the fragrance industry. The flourishing fragrance industry will also boost the demand for scented candles, thus providing strong growth goals for the candle market.
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Target buyers of China 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 country-level data and insights on the China candle market , including forecasts for subscribers. This country databook contains high-level insights into China candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China candle market size, by product, 2017-2030 (US$M)
China Candle Market Outlook Share, 2022 & 2030 (US$M)
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