Mexico Candle Market Size & Outlook, 2022-2030
Mexico candle market, 2017-2030 (US$M)
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Mexico candle market highlights
- The Mexico candle market generated a revenue of USD 264.8 million in 2022 and is expected to reach USD 319.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.4% 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 264.8 million |
| Market revenue in 2030 | USD 319.5 million |
| Growth rate | 2.4% (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, Mexico accounted for 2.1% 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 |
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Mexico 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 29.49% in 2022. Horizon Databook has segmented the Mexico candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
Candles are in high demand throughout Central and Latin America, as people have become more aware of their advantages. Mexico and other Latin American countries import candles in huge quantities from Asian countries like China and India.
According to the Latin American Candle Manufacturers Association (ALAFAVE), in 2020, Mexico was the largest importer of candles with 57.78% in Central & Latin America, followed by Chile with 12.38%. Candles are used for home décor and to uplift the overall aesthetic depending on the choice of fragrance.
Rising awareness of the advantages of specifically scented container and pillar candles among the millennial population has resulted in huge demand for candles. While classic fragrances are the staples of the candle market and are always in demand, there has been a significant expansion in the fragrance category. A few unique fragrances that are getting popular include leather, flower, fruit, and tobacco.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico candle market , including forecasts for subscribers. This country databook contains high-level insights into Mexico candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico candle market size, by product, 2017-2030 (US$M)
Mexico Candle Market Outlook Share, 2022 & 2030 (US$M)
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