UK Candle Market Size & Outlook, 2022-2030
UK candle market, 2017-2030 (US$M)
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UK candle market highlights
- The UK candle market generated a revenue of USD 678.9 million in 2022 and is expected to reach USD 1,246.4 million by 2030.
- The UK market is expected to grow at a CAGR of 7.9% 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 678.9 million |
| Market revenue in 2030 | USD 1,246.4 million |
| Growth rate | 7.9% (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, UK 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 Europe, UK candle market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,246.4 million by 2030.
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Candle Market Scope
Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 26.65% in 2022. Horizon Databook has segmented the UK candle market based on votive, container candles, pillars, tapers covering the revenue growth of each sub-segment from 2017 to 2030.
According to the CBI report, British candle imports rose in 2019 after significantly dropping in 2018. The U.K. boosted its candle imports from developing countries by a significant amount, and the developing countries doubled their import market share from 29% in 2015 to 42% in 2019, which is almost double the European average.
China and Poland contribute most of the candle imports to the U.K. However, consumer confidence has been low because of the U.K.’s exit from the European Union, the coronavirus pandemic, and the subsequent economic slowdown. These factors are predicted to have an adverse impact on the use of home decoration and home textiles (HDHT) goods, including candles.
In the U.K., the sales of luxury candles soar with the onset of colder weather. Moreover, restrictions due to the pandemic forced people in the U.K. to stay home and rely on scented candles to create a cozy and more luxurious atmosphere indoors.
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Target buyers of UK 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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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 UK candle market , including forecasts for subscribers. This country databook contains high-level insights into UK candle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK candle market size, by product, 2017-2030 (US$M)
UK Candle Market Outlook Share, 2022 & 2030 (US$M)
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