Browse the full Candles Market - Growth, Future Prospects and Competitive Analysis, 2017 ??2025 report at Market Insight
Consumers are increasingly purchasing candles for their home decor Melvin
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The ease of purchase as well as the availability of various type of candles on
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Volatility in the prices of raw materials is the major factor hampering the market growth. Paraffin is still the most widely used base material for candle
production. Meanwhile in 2014 and 2015, almost 33% of paraffin production in
some countries was shut down; forcing candle manufacturers to import large
volumes of base material at higher prices. Increasing usage of candles in
various applications provide immense opportunities to the manufacturers present
in this market.
Competitive Insights
The market is highly fragmented owing to presence of numerous players. The barriers to entry in the candle industry are low. The small candle makers are
rising up and taking their piece of the pie. Many customers are opting to
purchase candles from the smaller hand crafted market owing to the uniqueness,
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Key Trends
Rising demand from emerging economies
The market is projected to benefit from growing demand for candles from various applications
Availibity of the product in various shapes, colors, types and retail formats
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