Latin America Scented Candles Market Size & Outlook
Latin America scented candles market, 2018-2030 (US$M)
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Latin America scented candles market highlights
- The Latin America scented candles market generated a revenue of USD 67.0 million in 2022.
- The market is expected to grow at a CAGR of 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.
Latin America data book summary
| Market revenue in 2022 | USD 67.0 million |
| Market revenue in 2030 | USD 84.6 million |
| Growth rate | 3% (CAGR from 2022 to 2030) |
| Largest segment | Container based |
| Fastest growing segment | Container Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 12.0% of the global scented candles market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 164.2 million by 2030.
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Scented Candles Market Scope
Scented Candles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 57.31% in 2022. Horizon Databook has segmented the Latin America scented candles market based on container based, pillar covering the revenue growth of each sub-segment from 2018 to 2030.
The rising number of hotels, restaurants, spa centers, and religious places will drive the growth of the scented candles market in Central & South America. According to the data released by TOP HOTEL PROJECTS Construction database in April 2021, Latin America is expected to add more than 528 hotels with at least 130,422 rooms in the coming years.
Furthermore, Latin America is expected to open 146 projects with 36,143 rooms in 2022. Scented candles are widely used in hotels, spas, restaurants, and religious places. Hotel aesthetics have become important for enhancing the consumer experience.
Scented 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.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America scented candles market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America scented candles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America scented candles market
Latin America Scented Candles Market Outlook Share, 2022 & 2030 (US$M)
Latin America scented candles market
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