Japan Candle Market Size & Outlook, 2022-2030
Japan candle market, 2017-2030 (US$M)
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Japan candle market highlights
- The Japan candle market generated a revenue of USD 363.9 million in 2022 and is expected to reach USD 675.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 8% 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 363.9 million |
| Market revenue in 2030 | USD 675.2 million |
| Growth rate | 8% (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, Japan accounted for 2.8% 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 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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Japan 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 28.55% in 2022. Horizon Databook has segmented the Japan candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
The popularity of Japanese candles, or warousoku, is due to their material, techniques, application, and cultural significance. Japanese candle making is a complex process which uses organic wax. Compared to western candles that use paraffin, Japanese candles use sumac wax with a wick made from traditional ‘washi’ paper, producing less soot and wax drip.
Japanese candles are commonly used in Buddhist temples and household Buddhist altars. The increased disposable income has allowed the Japanese population to spend more on home décor items, including scented candles.
According to Forbes, the annual household income per capita in Japan reached USD 20,782.025 in December 2020, up from USD 19,511.958 in December 2019. The votive-based candle segment accounted for a significant market share in 2022 and dominated over the forecast period. Container-based scented candles are widely used in luxury hotels and restaurants to provide an intimate and relaxing ambiance.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan candle market , including forecasts for subscribers. This country databook contains high-level insights into Japan candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan candle market size, by product, 2017-2030 (US$M)
Japan Candle Market Outlook Share, 2022 & 2030 (US$M)
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