Mexico Wax Melts Market Size & Outlook, 2023-2030
The wax melts market in Mexico is expected to reach a projected revenue of US$ 92.3 million by 2030. A compound annual growth rate of 3.8% is expected of Mexico wax melts market from 2024 to 2030.
Revenue, 2023 (US$M)
$71.2
Forecast, 2030 (US$M)
$92.3
CAGR, 2024 - 2030
3.8%
Report Coverage
Mexico
Mexico wax melts market, 2018-2030 (US$M)
Related Markets
Mexico wax melts market highlights
- The Mexico wax melts market generated a revenue of USD 71.2 million in 2023 and is expected to reach USD 92.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.8% 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 71.2 million |
| Market revenue in 2030 | USD 92.3 million |
| Growth rate | 3.8% (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, Mexico accounted for 2.0% 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 North America, U.S. wax melts market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 333.5 million by 2030.
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Wax Melts Market Scope
Wax melts market segmentation & scope
Wax Melts Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico wax melts market size, by product, 2018-2030 (US$M)
Mexico Wax Melts Market Outlook Share, 2023 & 2030 (US$M)
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