Scented Candles Market Share & Size Analysis, Growth, Trends, Report, 2024-2032

The global scented candles market size is expected to gain momentum backed by the growing demand for eco-friendly scented incense products worldwide. This information is published by Fortune Business Insights in its upcoming report, titled "Scented Candles Market, 2024-2032." The report further mentions that the market is experiencing massive growth owing to the rising hospitality sector and the manufacturers developing innovative products to cater to the growing consumer demand. For instance, in June 2021, Moose Tracks Ice Cream announced its collaboration with Wax Poetic Candle Bar, a Michigan-based candle manufacturing company, to develop a unique candle with scent perfect for ice cream lovers. The candle with hints of peanut butter cups enthralls the consumer with a scent of vanilla.

The global pandemic, COVID-19, has resulted in several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies globally, several manufacturing facilities have been at a standstill with limited operational activities. However, a collective effort from the government and the industries to bring the economy back is expected to boost the market growth during the forecast period.

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/scented-candles-market-104388

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝗦𝗰𝗲𝗻𝘁𝗲𝗱 𝗖𝗮𝗻𝗱𝗹𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝐑𝐞𝐩𝐨𝐫𝐭:

‣ Amy's Country Candles
‣ CALWAX
‣ SEVENTH AVENUE APOTHECARY
‣ Primacy Industries
‣ Candle Delirium, Inc.
‣ Regent Holding Company, LLC.
‣ diptyqueparis.com
‣ Newell Brands
‣ Estee Lauder Inc.
‣ Trapp

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝗦𝗰𝗲𝗻𝘁𝗲𝗱 𝗖𝗮𝗻𝗱𝗹𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁
Based on category, the market is bifurcated into mass and premium.
• On the basis of category, the premium segment is expected to experience substantial market growth during the forecast period. This is due to the growing demand for premium quality scented products worldwide.

On the basis of material, the market is divided into blended wax, paraffin wax, soy wax, and others. Moreover, based on distribution channel, the market is classified into hypermarkets & supermarkets, convenience stores, online stores, and others. Finally, based on region, the market is segregated into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/scented-candles-market-104388

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report includes:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
Rising Hospitality Sector to Aid Growth

Although the COVID-19 pandemic has led to reduced travel and leisure activities owing to the lockdown restrictions announced globally, the hospitality sector is anticipating a positive growth. According to the hospitality industry site Tophotelnews, around 775 hotels opened in the U.S. by the end of 2020. Factors such as chances for covering basic operational costs and hope for the situation to get better owing to availability of vaccines are expected to drive the hospitality sector. Therefore, the rising hospitality sector is expected to favor the global scented candles market growth during the forecast period.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/scented-candles-market-104388

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Europe - The region is expected to hold the largest global scented candles market share in terms of revenue during the forecast period. This is attributable to the presence of large production capacities in countries such as Germany, Poland, and Denmark. Besides, increasing adoption of trend decoration materials at home spaces will propel the demand for the product in the region.

Asia-Pacific - The market is expected to experience substantial growth in the region during the forecast period. This is owing to the rising infrastructural facilities such as shopping malls and residential complexes that will surge the demand for unique scented candles foe aesthetic purposes in the region between 2024 and 2032.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Product Innovation by Key Players to Amplify Their Market Positions

The market is experiencing healthy competition between key players that are striving to establish their footprint by developing advanced scented candles products. Moreover, other companies are focusing on maintaining their presence by adopting strategies such as collaboration, merger and acquisition, and partnership to gain a competitive edge over their rivals.

𝐑𝐞𝐚d 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Embroidery Market
https://www.fortunebusinessinsights.com/embroidery-market-104976

Door Mat Market

https://www.fortunebusinessinsights.com/door-mat-market-107941

Home Fragrance Market
https://www.fortunebusinessinsights.com/home-fragrance-market-102422

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
In June 2020, Stonewall Kitchen LLC., acquired brand 'Village Candle' of a parent company Village Candle Inc., to introduce a scented candle line of new gentleman's collection. This line includes various candles that are made up of various blends such as juniper, leather, incense, and honey.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
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This release was published on openPR.