Global Luxury Candle Market Size & Outlook, 2023-2030
Global luxury candle market, 2018-2030 (US$M)
Related Markets
Global luxury candle market highlights
- The global luxury candle market generated a revenue of USD 546.8 million in 2023 and is expected to reach USD 1,181.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.6% by 2030.
- In terms of segment, container accounted for a revenue of USD 302.2 million in 2023.
- Pillar is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 546.8 million |
| Market revenue in 2030 | USD 1,181.9 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Container |
| Fastest growing segment | Pillar |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Container, Pillar, Votive, Tapers |
Other key industry trends
- In terms of revenue, the North America accounted for 32.5% of the global luxury candle market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 1.9 million by 2030.
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Luxury Candle Market Scope
Luxury Candle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global luxury 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 luxury candle market will help companies and investors design strategic landscapes.
Container was the largest segment with a revenue share of 55.27% in 2023. Horizon Databook has segmented the Global luxury candle market based on container, pillar, votive, tapers covering the revenue growth of each sub-segment from 2018 to 2030.
Unlike luxury candles, mass-produced candles are often made with poor-quality ingredients that can release harmful chemicals into the air when burned whether they are petroleum-based waxes like paraffin or petrolatum or contain entirely synthetic fragrances made from ingredients that emit harmful VOCs, or wicks that have a metal core.
A critical aspect of mass-produced scented candles is that their contribution to indoor air quality can be detrimental. Fragrances emit substantial amounts of volatile organic compounds (VOCs), including those classified as toxic or hazardous by federal law.
The toxic substances these fragrances emit are not only harmful on their own but in the confined spaces of homes, can react with the ozone in the air, and form harmful secondary pollutants such as formaldehyde.
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Target buyers of Global luxury candle market databook
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Our clientele includes a mix of luxury 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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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 global-level data and insights on the Global luxury candle market , including forecasts for subscribers. This global databook contains high-level insights into Global luxury candle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global luxury candle market size, by regions, 2018-2030 (US$M)
Top 10 countries: Luxury candle market size, 2023 (US$M)
Global luxury candle market share, by product, 2023 & 2030 (%, US$M)
Luxury candle market: Opportunity assessment by country
Global luxury candle market, by region, 2023 (US$M)
Related regional statistics
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