Candle Making Kit Market Size, Share & Trends Analysis Report By Kit Type (Beginner, Professional), By Candle Type (Scented, Regular, Decorative), By End-use (Households, Institutions, Businesses), By Region, And Segment Forecasts, 2024 - 2030

Candle Making Kit Market Size, Share & Trends Analysis Report By Kit Type (Beginner, Professional), By Candle Type (Scented, Regular, Decorative), By End-use (Households, Institutions, Businesses), By Region, And Segment Forecasts, 2024 - 2030

Candle Making Kit Market Growth & Trends

The global candle making kit market size is expected to reach USD 796.3 billion by 2030, registering to grow at a CAGR of 4.7% from 2024 to 2030 according to a new report by Grand View Research, Inc. This growth is primarily attributed to the surging consumer engagement in DIY activities and artistic hobbies. Moreover, these kits are favored for gifting and home decor, propelling their appeal as creative and considerate gift options, consequently contributing to the market's expansion.

The COVID-19 pandemic confined individuals to their homes, driving a notable rise in the demand for candles and home decor items. This trend is poised to drive the need for candle making kits.The ascent of self-care and wellness trends grew further post lockdown period, and it has resulted in the demand for candles, subsequently fueling the demand for candle making kits.

The Gifts World Expo conducted in India in August 2023 emphasized the prevailing gifting trends of personalization and experiential gifting. Candle making kits directly align with the experiential gifting trend by providing recipients with an interactive and creative activity. The growing demand for candle making kits can be attributed to trends such as surging interest in experiential gifting, home decor, and demand for personalized presents.

Candle making kits are predominantly used by household DIY enthusiasts. These kits are favored for providing leisure, creative outlets, and personalized gift options. The rising interest in DIY activities for home decor has accelerated the demand for candle making kits within households. A Blinds Direct survey in August 2021 revealed that 58% of 18-24-year-olds aim to update their home decor, while 21% feel more satisfied with their living spaces compared to a year prior. This growing focus on home improvement is expected to drive the demand for candle making kits.

North America accounted for a revenue share of 33.6% in 2023 owing to personalization, home decor, and gifting trends. Candles thrive during holidays for personalized gifting and thematic décor. The rise in gifting and personalization trends propels consumers towards kits for crafting customized presents. Furthermore, Europe is poised to grow at a CAGR of 5.5% from 2024 to 2030, driven by a surging interest in DIY projects. The U.K. and Germany exhibit a keen interest in DIY activities which contributes to candle making kit demand.

The global market features numerous small and medium-sized companies, resulting in a moderately fragmented landscape. Key players are focusing on launching products aligned with the eco-friendly trend, such as soy and beeswax options, driven by emission concerns from traditional candles. For instance, Candlewic expanded its offerings in August 2023 to include all-natural soy waxes, meeting the demand for sustainable candle making.

Candle Making Kit Market Report Highlights

• Decorative candle making kits are projected to grow at a CAGR of 4.3%. from 2024 to 2030 owing to the growth in the home décor sector. The influence of influencers, celebrities, and brands to integrate candles for aesthetic appeal has heightened consumer interest in using candles to elevate their homes' aesthetics. This growing trend towards candles for decor purposes is expected to drive the demand for decorative candle making kits.
• In 2023, beginner candle making kits accounted for a significant portion of sales at 60.4%. This is attributed to the rise in DIY interest and the appeal of personalized products. Beginner kits also make popular gifts for those interested in crafting.
• Revenue from candle making kits for businesses is predicted to grow at a CAGR of 3.6%. The expansion by major market players highlights the growing demand for raw materials in small boutiques and businesses, potentially prompting them to opt for comprehensive kits that provide all the essential items for candle production.
• Europe is expected to witness the highest growth rate of 5.5% from 2024 to 2030 due to rich craftsmanship history and preference of artisanal products, especially in the U.K. and Germany. The growing interest in DIY endeavors is poised to drive the demand for candle making kits in Europe.

Please note The report will be delivered in 2-3 business days upon order notification.