India Candle Market Size & Outlook, 2022-2030
India candle market, 2017-2030 (US$M)
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India candle market highlights
- The India candle market generated a revenue of USD 683.7 million in 2022 and is expected to reach USD 1,366.7 million by 2030.
- The India market is expected to grow at a CAGR of 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 683.7 million |
| Market revenue in 2030 | USD 1,366.7 million |
| Growth rate | 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, India accounted for 5.3% 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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India 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 27.97% in 2022. Horizon Databook has segmented the India candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
The candle market in India accounted for a significant share in 2022. According to Fitch Solutions, India’s consumer expenditure is expected to grow by 9.1% in 2021, after contracting by 9.3% the previous year, with a recovery forecast in the second half of 2021’s calendar year (July-December).
Rising disposable income is one of the factors that enable people to spend more on decorative and nonessential products like scented candles. During the pandemic, people increased their spending on homes as they spent most of their time indoors.
Homeowners are now emphasizing the importance of making the space both beautiful and functional. Second, the money that would have been spent on vacations, trips, and eating out was instead diverted to domestic expenditures. This trend bodes well for the candle market in India.
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Target buyers of India 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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Horizon Databook provides a detailed overview of country-level data and insights on the India candle market , including forecasts for subscribers. This country databook contains high-level insights into India candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India candle market size, by product, 2017-2030 (US$M)
India Candle Market Outlook Share, 2022 & 2030 (US$M)
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