Litbright Candle (shijiazhuang)Co.,Ltd

Candle market size to grow by USD 3.4 million, increasing adoption of candles on special occasions to boost growth

NEW YORK, June 14, 2022 /PRNewswire/ — The candle market will be driven by factors such as the increasing adoption of candles for special occasions.Candles are used for occasions such as celebrations, religious events, social gatherings and festivals.They are also used in commercial settings.Additionally, candle massage is increasingly popular for relieving back pain, osteoarthritis, headaches, and anxiety.
The candle market size is expected to grow by USD 3.4 million from 2020 to 2025.Furthermore, according to Technavio, the market’s growth momentum will accelerate at a CAGR of 8.18% during the forecast period.
The increasing use of wood cores is one of the trends in the market.Wooden wicks are small strips or tubes of wood used for candle wick applications.They can be made from a variety of woods and are available in various widths.They are eco-friendly, sustainable, and free of toxins and phthalates.Wood wick candles are considered more attractive than cotton wicks.They burn more slowly, transfer heat to the wax faster, and spread more aroma throughout the room.
The candle market is fragmented and vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.Bolsius International BV, Diptyque SAS, Empire Candle Co. LLC, Nest New York, Reckitt Benckiser Group Plc, Stonewall Kitchen LLC, The Estee Lauder Co. Inc., The White Company, The Yankee Candle Co. Inc. and Thymes LLC market participants.
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Decorative Candle Retail Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026
Bolsius International BV、Diptyque SAS、Empire Candle Co. LLC、Nest New York、Reckitt Benckiser Group Plc、Stonewall Kitchen LLC、The Estee Lauder Co. Inc.、The White Company、The Yankee Candle Co. Inc. 和 Thymes LLC
Parent Market Analysis, Market Growth Inducers and Barriers, Fast-Growing and Slow-Growing Segments Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Situation Analysis During the Forecast Period,
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Technavio is the world’s leading technology research and consulting company.Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.Technavio’s report library has more than 500 professional analysts with more than 17,000 reports and counts covering 800 technologies and spanning 50 countries.Their customer base includes businesses of all sizes, including more than 100 Fortune 500 companies.This growing client base relies on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.
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Post time: Jun-27-2022

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