Japan Wax Melts Market Size & Outlook, 2023-2030
Japan wax melts market, 2018-2030 (US$M)
Related Markets
Japan wax melts market highlights
- The Japan wax melts market generated a revenue of USD 118.8 million in 2023 and is expected to reach USD 205.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, paraffin was the largest revenue generating product in 2023.
- Palm Wax is the most lucrative product segment registering the fastest growth during the forecast period.
Wax melts market data book summary
| Market revenue in 2023 | USD 118.8 million |
| Market revenue in 2030 | USD 205.4 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Paraffin |
| Fastest growing segment | Palm Wax |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paraffin, Soy Wax, Palm Wax, Beeswax, Others (Stearin, Rapeseed Wax, Coconut Wax) |
| Key market players worldwide | East Coast Candles, Yankee Candle Company, Michaels Stores, Scentsy, Bridgewater Candle Company, Bramble Bay, Talley Group, Stora Enso Oyj Ordinary Shares - Class R, SC Johnson, NEST New York |
Other key industry trends
- In terms of revenue, Japan accounted for 3.4% of the global wax melts market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China wax melts market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 364.4 million by 2030.
Paraffin was the largest segment with a revenue share of 29.12% in 2023. Horizon Databook has segmented the Japan wax melts market based on paraffin, soy wax, palm wax, beeswax, others (stearin, rapeseed wax, coconut wax) covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for wax melts made of organic wax is increasing due to the rising awareness about wax materials and their consequences on the environment. E-commerce giant Amazon supplies various home décor products in Japan through its platform.
It offers a wide range of plant-based wax melts, such as Tokyo Japan Scented Wax Melts made of vegan soy wax and high-quality essential oils in a multi-pack of four, with citrus, cinnamon, and clove aromas.
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Wax Melts Market Scope
Wax Melts Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan wax melts market size, by product, 2018-2030 (US$M)
Japan Wax Melts Market Outlook Share, 2023 & 2030 (US$M)
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