FAQs
In India, the revenue in the Candles market for the year 2024 amounts to ₹US$0.36bn. It is projected that the market will experience an annual growth rate of 7.21% from 2024 to 2029 (CAGR 2024-2029). When compared to the global market, United States generates the highest revenue, reaching a total of US$2,346m in 2024.
What is the candle market in 2024? ›
As per the current market research conducted by the CMI Team, the global Candle Market is expected to record a CAGR of 5.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 14,943.2 Million. By 2033, the valuation is anticipated to reach USD 23,381.3 Million.
What is the target market for candles? ›
Primary Audience: Probably homeowners, aged 25–45, interested in home decor, sustainability, and wellness.
How big is the candle market in the USA? ›
Size of the candle market in the U.S. 2000-2030
As of 2022, the size of the candle market in the United States amounted to some 4.5 billion U.S. dollars, slightly down from the previous year.
Is there a good market for candles? ›
Absolutely! According to research, the candle market was valued at over $7,000,000 in 2022.
Are candles still in demand? ›
Candles are expected to keep on being one of the most beloved products among shoppers, a comforting and fun item whose market size was forecast to reach over 14 billion U.S. dollars worldwide by 2030.
What type of candles sell the most? ›
Container and jar candles are currently the most popular types of candles with American consumers. Candle industry research indicates that the most important factors affecting candle sales are scent, color, cost and shape.
Which candles are in demand? ›
The demand for organic wax such as soy wax and beeswax candles in India is growing due to the rising awareness about their advantages on the environment and health of the candle users. The emergence of luxury indie brands, coupled with the easy availability of raw materials, is boosting the growth of the market.
What is the future of candles? ›
The global candle market size was valued at USD 12.88 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. High consumption of candles as an aesthetic-appealing product among female millennials for household application is anticipated to drive the growth.
Is candle business profitable in USA? ›
The average profit margin on a candle is around 25% to 50%. Keep in mind that this can vary based on a variety of factors such as the average cost of materials, shipping, labor, and your unique niche or target market.
The company operates just over 260 small-box format stores, located in malls across 43 U.S. states and Ontario, and is the largest candle manufacturer in the United States. The company is headquartered in South Deerfield, Massachusetts. The Yankee Candle Company, Inc.
Is the candle market saturated? ›
If you want to generate substantial profits through your candle making business, you must differentiate yourself from all the other candle makers in the market. The candle market is saturated with competition, but this is not something to worry about.
Is candle making still profitable? ›
Do candles make a lot of money? Yes, they do! If you know what you're doing, selling candles can be a lucrative business. Some candlemakers are able to make a living solely from the sale of their candles, so it's not just a hobby that can bring in extra cash.
What is the market potential of scented candles? ›
Marketresearch.biz reports that the Scented candles market size is expected to be worth around USD 5.8 Bn by 2032 from USD 3.5 Bn in 2022, growing at a CAGR of 5.3% during the forecast period from 2023 to 2032.
What is the potential of candle business? ›
Candle making has a high income potential and your profit margins are likely to be high. You can also expand your business by opening a shop or selling more products online, giving you unlimited income potential.
