Global Scented Candles Market Report, Latest Trends, Industry Opportunity & Forecast to 2028
COVID-19 Impact Analysis on Scented Candles Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2022-2028. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the scented candles market include Village Candle, Portmeirion Group PLC, Newell Brands, MVP Group International, Inc., Estée Lauder Companies Inc., Diptyque Paris, Lalique Group SA, L Brands, NEST New York, Thymes, LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market
Dynamics
The global scented candle market is expanding
due to the increased use of candles in home design and increased people's
interest in interior decoration. The rise of the massage and aromatherapy
markets contributes to the global market's expansion. Factors like the rising
demand for eco-friendly and organic candles can contribute to the worldwide
market's growth. Scented candles are commonly used in commercial establishments
such as spas due to their medicinal effects. To increase market share, industry
participants are creating new smells that appeal to their clients. Several
corporations have raised their R&D investments to develop superior
products. The introduction of a new Candles design in the shape of fruits or
other forms is expected to provide an opportunity for growth. However, when some
wax is melted, harmful compounds are released that can cause asthma, allergies,
and skin problems. This is a disadvantage of scented candles that may impede
the expansion of the worldwide scented candle market.
The research report covers Porter’s Five Forces
Model, Market Attractiveness Analysis, and Value Chain analysis. These tools
help to get a clear picture of the industry’s structure and evaluate the
competition attractiveness at a global level. Additionally, these tools also
give an inclusive assessment of each segment in the global market of scented
candles. The growth and trends of scented candles industry provide a holistic
approach to this study.
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Market
Segmentation
This section of the scented candles market
report provides detailed data on the segments at country and regional level,
thereby assisting the strategist in identifying the target demographics for the
respective product or services with the upcoming opportunities.
By
Product
·
Container-Based
·
Pillar
·
Others
By
Distribution Channel
·
Supermarkets & Hypermarkets
·
Convenience Stores
·
Online
Regional
Analysis
This section covers the regional outlook,
which accentuates current and future demand for the Scented Candles market
across North America, Europe, Asia-Pacific, Latin America, and Middle East
& Africa. Further, the report focuses on demand, estimation, and forecast
for individual application segments across all the prominent regions.
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