The Candle Manufacturing industry is strongly influenced by consumer spending power. Candles have almost entirely lost their function as a source of light, but they have reemerged as a popular home decor product. Therefore, they are highly discretionary purchases that compete with other home decor and air-freshening products. However, despite rising consumer spending and the introduction of more scented and colored candle varieties, industry revenue is anticipated to contract, largely due to intensifying external competition from competitively priced candle imports. Moving forward, bright spots for the industry include continued disposable income, consumer expenditure growth and favorable trade conditions. Over the five years to 2024, a forecast depreciation of the US dollar will make industry products increasingly affordable abroad.
This industry manufactures scented and unscented candles.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.