China Scented Candles Market Size & Outlook, 2022-2030
China scented candles market, 2018-2030 (US$M)
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China scented candles market highlights
- The China scented candles market generated a revenue of USD 29.5 million in 2022 and is expected to reach USD 41.3 million by 2030.
- The China market is expected to grow at a CAGR of 4.3% from 2023 to 2030.
- In terms of segment, container based was the largest revenue generating product in 2022.
- Container Based is the most lucrative product segment registering the fastest growth during the forecast period.
Scented candles market data book summary
| Market revenue in 2022 | USD 29.5 million |
| Market revenue in 2030 | USD 41.3 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Container based |
| Fastest growing segment | Container Based |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Container Based, Pillar |
| Key market players worldwide | Newell Brands Inc, Portmeirion Group PLC, The Estee Lauder Companies Inc Class A, Bath & Body Works Inc, NEST New York, Lalique Group, Village Candle, MVP Group International, Diptyque, Thymes |
Other key industry trends
- In terms of revenue, China accounted for 5.3% of the global scented candles market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China scented candles market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 38.7 million by 2030.
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Scented Candles Market Scope
Scented Candles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China scented candles 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 scented candles market will help companies and investors design strategic landscapes.
Container based was the largest segment with a revenue share of 59.32% in 2022. Horizon Databook has segmented the China scented candles market based on container based, pillar covering the revenue growth of each sub-segment from 2018 to 2030.
The rising disposable income of people in China is enabling them to spend more on home décor products, including scented candles. According to the Xinhua News Agency, China’s per capita disposable income stood at USD 4,961 in 2020, more than double the level in 2010.
Apart from this, the rising number of hotels, restaurants, spas, and religious places across the country will present immense opportunities for the scented candles market.
According to the TOP HOTEL PROJECTS construction database, China is expected to add more than 472 hotels and 114,011 rooms in 2021. This will provide the market a major boost.
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Target buyers of China scented candles market databook
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Our clientele includes a mix of scented candles 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 China scented candles market , including forecasts for subscribers. This country databook contains high-level insights into China scented candles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China scented candles market size, by product, 2018-2030 (US$M)
China Scented Candles Market Outlook Share, 2022 & 2030 (US$M)
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