South Africa Candle Market Size & Outlook, 2022-2030
South Africa candle market, 2017-2030 (US$M)
Related Markets
South Africa candle market highlights
- The South Africa candle market generated a revenue of USD 319.8 million in 2022 and is expected to reach USD 394.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.6% 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 319.8 million |
| Market revenue in 2030 | USD 394.1 million |
| Growth rate | 2.6% (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, South Africa accounted for 2.5% 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 Middle East & Africa, South Africa candle market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 394.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Candle Market Scope
Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 27.61% in 2022. Horizon Databook has segmented the South Africa candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
The high demand for artisanal and natural luxury candles is driving the market growth in South Africa. Consumers in the country are looking for scented candles that help relieve stress and provide comfort. The demand for luxury candles is primarily driven by the younger generation.
The younger generation now prioritizes self-care routines, and scented candles are becoming an important aspect of relaxation. Moreover, scented candles are a crucial facet of a hotel's sensory experience since they create a wonderful atmosphere that accentuates the interiors and offers guests a sense of luxury.
The rapid growth of the hospitality sector in South Africa will drive the country’s candle market. Consumers in the country are looking for candles in different shapes and sizes. Key players in the market are utilizing social media marketing to understand the consumer demographic and introducing products that cater to their demands.
Reasons to subscribe to South Africa candle market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Africa candle market databook
-
Our clientele includes a mix of candle market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 South Africa candle market , including forecasts for subscribers. This country databook contains high-level insights into South Africa candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa candle market size, by product, 2017-2030 (US$M)
South Africa Candle Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
