Europe Candle Market Size & Outlook, 2022-2030
Europe candle market, 2017-2030 (US$M)
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Europe candle market highlights
- The Europe candle market generated a revenue of USD 3,638.2 million in 2022.
- The 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.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 3,638.2 million |
| Market revenue in 2030 | USD 5,873.9 million |
| Growth rate | 6.2% (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, Europe region accounted for 28.2% 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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Europe 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 27.38% in 2022. Horizon Databook has segmented the Europe candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
The European candle market has witnessed increased growth in recent years. As of December 2020, it accounted for around two-thirds of the global candle market, according to the Centre for the Promotion of Imports from developing countries (CBI).
Developing countries accounted for around a fifth of total imports, and this trend is rising continuously. The recent coronavirus outbreak and global responses have significantly impacted international trade and the European market for various products and services, including home decoration and home textiles (HDHT).
Container-based candles had the largest market share in 2021. They can hold up to three times the amount of scent as pillar candles, depending on the type of wax used. Most pillar wax mixes hold 4% to 5% of scent per weight, whereas some container candle waxes can hold up to 12% of fragrance per weight. These factors will boost the container-based candles market over the forecast period.
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Our clientele includes a mix of candle market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe candle market , including forecasts for subscribers. This continent databook contains high-level insights into Europe candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe candle market size, by country, 2017-2030 (US$M)
Europe Candle Market Outlook Share, 2022 & 2030 (US$M)
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