Global Decorative Candles Market – Introduction

Candle brings relaxation, invigoration and soothing ambience in our surroundings. Decorative candles are used for household and commercial purposes such as events, private parties, ceremonies and other special occasions. Advancement in technology plays a vital role in the field of home décor industry as a whole. Increase in popularity of LED candles and novelty candles across the globe is estimated to drive the decorative candles market in the near future. Currently, scented candles are also gaining popularity, as they create a pleasant and soothing ambience.

Global Decorative Candles Market – Competition Landscape

The Yankee Candle Co., Inc.

The Yankee Candle Co., Inc., incorporated in 1969, offers a wide range of seasonal and specialty scented candles, home fragrance products, car air fresheners, and candle accessories. The company has around 475 company-owned retail stores and over 19000 specialty retailers in the U.S. Its products are also available on the company-owned website and several e-commerce portals.

Colonial Candle

Colonial Candle, incorporated in 1909 and headquartered in Charleston, South Carolina, U.S., offers a wide range of decorative, scented candles that are available in various fragrances and colors. Colonial Candle provides its products and services through a network of local retailers all over the U.S.

DUNI AB

DUNI AB was incorporated in 1949 and is based in Malmö, Sweden. The company operates through production units located in Sweden, Germany, Poland, New Zealand, and Thailand. It has around 2,500 employees in 24 countries across the globe. The company specializes in the design, manufacture, and marketing of napkins, candles and table coverings, plastic glasses, cups, cutlery, and plates.

To Get Glimpse of what our Report offers, Ask for a Report Brochure here

KORONA Candles S.A.

KORONA Candles S.A. was founded in 1992 and is based in Wielu? Poland. The company engages in the production and distribution of various candles. It owns manufacturing facilities in Wielu?, Poland, and Virginia, U.S. The company specializes in the manufacture of scented and container candles.

Key players operating in the global decorative candles market include Vollmar GMBH, Bolsius International BV, Hansa Candle AS, Engels Kerzen GmbH, and UNIVERSAL CANDLE COMPANY LTD.

Global Decorative Candles Market – Dynamics

Rise in usage of decorative candles at events, special occasions, and home decor

Use of decorative candles for home décor and events is rising consistently, owing to the growing trend of celebrating birthdays, weddings, anniversaries, and various other special occasions. Increase in disposable income have risen the average spending on decorative candles as it makes the surroundings very attractive, soothing and relaxing. Candles are an essential part of home decor, as candle manufacturers are designing specialized candles for home furnishing so that they can enhance the ambience of the surroundings.

The innovation of LED Candles

Advancement in technology has escalated the decorative candles market in a positive manner. Introduction of electric or battery-operated LED candles are a center of attractive for decoration purpose in festivals, events etc. Wax candles also emits harmful gases while lighting, while LED candles produce the same light and provides aroma. These types of candles can also be operated remotely through smart devices such as smartphones and tablets. This is anticipated to drive the decorative candles market during the forecast period.

To Get a Bird’s Eye View of Market Forecast, Ask for a Custom Report

Global Decorative Candles Market – Segmentation

The global decorative candles market can be segmented based on:

  • Type
  • Wax Type
  • Distribution Channel
  • Region

Global Decorative Candles Market, by Type

Based on type, the global decorative candles market can be divided into:

  • Votive
  • Container Candles
  • Pillars
  • Tapers
  • Tea Light Candles
  • Gel Candles
  • Novelty Candles
  • LED Candles

Global Decorative Candles Market, by Wax Type

In terms of wax type, the global decorative candles market can be segregated into:

  • Beeswax
  • Soy Wax
  • Stearin
  • Paraffin Wax
  • Others (Rapeseed Wax, Vegetable Oil Wax etc.)

Global Decorative Candles Market, by Distribution Channel

Based on distribution channel, the global decorative candles market can be divided into:

  • Offline
    • Specialty Stores
    • Retail Outlets
  • Online
    • E-commerce Websites
    • Company-owned Websites

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Decorative Candles Market

Pre Book