Global Candle Market Growth 2025-2031

The global Candle market size is predicted to grow from US$ 6494 million in 2025 to US$ 7526 million in 2031; it is expected to grow at a CAGR of 2.5% from 2025 to 2031.

A candle is made of wax or other fuel, with a wick in it, and can continue to burn after being ignited. When the wick is lit, the flame melts the wax near the wick, which then vaporizes and combusts to produce light and, often, a pleasant scent. It can also be used to provide heat, or as a method of keeping time. Candles are also used in festivals or other special days and places of worship etc.

Candle industry with distribution is different from other industry, consequently, this market faces some big challenges. Candle usage frequency needs to increase to reinvigorate sales, private label products present a growing threat to branded products. However, the high-end candle segment is the area that continues to see strong growth. As the low- and mid-cost candles continue to erode under the pressure of strong competition, the high-end segment continues to tap into the home decorating angle for increased sales. Utilizing fewer mainstream methods for distribution (such as mass merchandisers and retailers), these manufacturers have been able to position their products as luxury and true home decor items.

The candle craft products industry belongs to the daily consumer goods industry. After years of development, the market has become relatively mature, and its overall market sales will not experience a rapid growth in leaps and bounds. However, for reasons such as culture, religion and daily life habits, candles, aromatherapy and related products have become necessities of life for European and American consumer groups, and related consumption habits and consumption patterns are relatively less affected by macroeconomic fluctuations. In recent years, with the improvement of people's material living standards and the impact of globalization on residents' lifestyles, especially the transformation of residents' consumption behavior from basic to enjoyment, candles are expected to be gradually accepted by the market as life accessories. Therefore, the market's consumer demand for candle products will exist stably for a long time and continue to grow, making the industry have a stable development prospect.

For the past few years, the candle industry grows smoothly. China is the main raw materials for the production of candle, meanwhile, combining with favorable tax policies and large number of available labors, at the same time, Chinese manufacturers are improving their technology, consequently, China is a major exporter of the candle in the future. Taking culture and religion into consideration, candle market has a certain potential in Europe, USA.

Over the past few years, improving incomes and the introduction of a variety of scented and colored candles has helped the industry recover from lows incurred during the recession. Going forward, the Candle Manufacturing industry is expected to continue benefiting from growing demand for candles domestically and abroad. In turn, this will be underpinned by rising disposable spending and a sustained preference for candles as scented and colored additives to rooms and households.

Barriers to entry in the Candle Manufacturing industry are low. Production inputs, such as wax, fragrances and colorants are cheap and relatively easy to source, enabling and encouraging entry during periods of high demand and promising profit margins. In addition, financing for a small production facility and relevant equipment is usually accessible, particularly during periods of low interest rates.

The consumption areas of candle are mainly North America and Europe. Europe is the largest consumer in the world, which occupied 40.3% in terms of volume in 2024. The candle industry concentration is not high, there are several thousands of manufacturers in the world, and high-end products mainly from North America and Europe.

Among all applications, craft field is expected to be the largest contributor to the overall Candle market in the future. The craft field application is estimated to have the highest growth potential during 2025 to 2031 in Candle market.

LP Information, Inc. (LPI) ' newest research report, the “Candle Industry Forecast” looks at past sales and reviews total world Candle sales in 2024, providing a comprehensive analysis by region and market sector of projected Candle sales for 2025 through 2031. With Candle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Candle industry.

This Insight Report provides a comprehensive analysis of the global Candle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Candle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Candle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Candle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Candle.

This report presents a comprehensive overview, market shares, and growth opportunities of Candle market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Petroleum & Mineral
Vegetable
Animal
Synthetic

Segmentation by Application:
Traditional Field
Craft Field

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Yankee Candle (Newell Brands)
Luminex
Bolsius
Universal Candle
Qingdao Kingking Applied Chemistry
Dalian Talent Gift Co.,Ltd.
Hyfusin
Vollmar
Primacy Industries
Gies Kerzen
Empire Candle
Zhongnam
Diptqyue
Dandong Everlight Candle Industry
Allite
Fushun Pingtian Wax products
Armadilla Wax Works
Velas Martínez Morales
KCB Candle Company
Soy Witch
ADMIT limited liability company, Sp. k.
Jo Malone London
Durance en Provence
Village Candle
Max Benjamin
Root Candles
True Grace
Ashleigh & Burwood
Candle Shack
PLATA
GALA GROUP
Delsbo Candle
Müller
Spaas Kaarsen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Candle market?

What factors are driving Candle market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Candle market opportunities vary by end market size?

How does Candle break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.