Global Scented Candles Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Global Scented Candles Market Introduction:

“The global Scented Candles Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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Candles have been existing for over 3000 years BC. For a long time, their principal function was to provide light in dark spaces and provide warmth and comfort. In recent times, these candles have taken on a new role: providing relaxation and beauty to the home. Scented candles now come in several fragrances, such as lavender, sandalwood, rose, sage, and lemongrass, etc. to create the perfect atmosphere for the holidays.

Aromatherapy was initially was associated with expensive scented candles, but there are many ways to bring aromatherapy into your life for an affordable price. You can also find aromatherapy products at local department stores and boutiques. We all love the smell of a scented candle in our home. Whether you are alone at home, with your beloved one or with friends, a candle is always warm and friendly. It can be one of the most enjoyable elements in your home atmosphere.

In recent years, scented candles have been used to overcome sleep disorders, depression, anxiety, fatigue, epilepsy, nausea, digestive problems, arthritis pain and loss of appetite. One treatment involves placing scented candles in a room. The aromas from these candles can help with concentration while being studied or provide a calming atmosphere for sleep.

Market Dynamics: Using Scented Candles Might Help With Insomnia

Many individuals who experience difficulty sleeping due to anxiety may choose to purchase scented candles. Scents can be therapeutic, which helps people relax and fall asleep more easily. Scented candles are also believed to provide overall wellness because the aromas cause changes in heart rate, blood pressure, and hormones.

Scented candles can be used in commercial and residential sectors to provide a tranquilizing ambiance. They are often used in the hospitality industry to create a calming, soothing environment for hotel guests before they retire for the night.

The wellness industry has benefitted from scented candles due to their ability to create a calming environment. Scents used in candles often aid in relaxation, stimulate senses or simply give off a pleasing aroma. A wide variety of candles are available for consumers, including soy candles that are becoming more popular with the rise of eco-friendly items.

A significant number of people prefer to use scented container-based candles in their homes and restaurants. These candles can be made from a wide variety of waxes, including soy, paraffin, and beeswax. The different waxes that are used give the candles different burning properties and various scent-emitting qualities. Some candles may emit stronger scents than others; some may have a shorter burning time.

Due to the increase in home renovation and home décor activities, there has been an increased demand for scented candles. This has been attributed to the willingness of people to spend money on home decoration projects, combined with their desire to enjoy pleasant smells that bring back memories of childhood.

These factors are anticipated to strengthen the projected profit margins for this market during the forecast period.

COVID-19 Impact Analysis: Stress Buster During the Pandemic

Twisted candles were a trend in 2020. They were a form of decoration for the home, and they had a sleek design that was modern and eye-catching. The candle is twisted to make it seem as if all the wax had been used up halfway through burning. This is different from other candles that have an even, uninterrupted shape. It is possible to find these candles at most stores that sell décor. In the wake of the recent COVID-19 pandemic, many people have been experiencing anxiety, increasing demand for scented candles.

This is because candles can produce a calm and soothing effect on individuals, and some research has shown these effects to last for up to two hours after burning. Scents such as lavender and vanilla have been shown to reduce levels of cortisol in the system, a hormone associated with stress. As such, many retailers in this niche market have seen increased sales in recent months, with even more demand predicted in future months.

Initially, the scented candles sales were hit during the pandemic but picked up as consumers gradually focused on wellness. The retail industry took a significant hit in the months following the outbreak, but many online stores have shown signs of recovery. This has been attributed to consumers being more mindful of their mental and physical health, which has increased the demand for wellness-related items such as scented candles.

The Key Players In The Scented Candles Market

The Scented Candles market landscape appears highly fragmented across various regions.

• 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
• Other Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Segments Covered

Scented Candles Market, By Product Type

• Container-based
• Pillar

Scented Candles Market, By Distribution Channel

• Supermarkets
• Specialty Stores
• Online Stores
• Other Distribution Channels

Scented Candles Market, By End-Use

• Residential
• Commercial