Middle East & Africa Scented Candles Market Size & Outlook
Middle East & Africa scented candles market, 2018-2030 (US$M)
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MEA scented candles market highlights
- The MEA scented candles market generated a revenue of USD 42.6 million in 2022.
- The market is expected to grow at a CAGR of 3.4% 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.
MEA data book summary
| Market revenue in 2022 | USD 42.6 million |
| Market revenue in 2030 | USD 55.8 million |
| Growth rate | 3.4% (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, MEA region accounted for 7.7% 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 |
|---|
Middle East & Africa 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 58.92% in 2022. Horizon Databook has segmented the Middle East & Africa scented candles market based on container based, pillar covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the scented candle industry will be driven by an increase in the number of hotels, restaurants, wellness facilities, and religious institutions. According to the TOP HOTEL PROJECTS Construction database, the Middle East is expected to add more than 624 hotels and 187,965 rooms in 2021.
According to the same source, Grand Hyatt Makkah will be the first Grand Hyatt Hotel to launch by 2025 in Saudi Arabia, with 756 rooms and public spaces that integrate artwork and materials representing Islamic traditions. Undeniably, hotels and restaurants were hardest-hit industries by COVID-19.
Hotel occupancy rates and average room charges decreased dramatically as a result of unprecedented cancellations of flights, adventures, events, and hotel reservations, and also a resulting decline in incoming traffic, creating historic profit margin losses.
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Our clientele includes a mix of scented candles market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa scented candles market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa scented candles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa scented candles market
Middle East & Africa Scented Candles Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa scented candles market
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