Every year, in the U.
The candles market in Europe is an interesting market, in which imports and consumption are increasing continuously, providing immense opportunities to exporters from developing countries.
Type Analysis "Votive candle segment to dominate the market during the forecast period" On the basis of types, the global candles market is segmented into pillar candles, floating candles, votive candles, taper candles, filled candles, tealight candles, gel candles, specialty candles, liquid candles and others.
Additionally, over 70% of candle purchases are made by women.
The sale of candles is fueled by growing consumer interest in aromatherapy and rise in demand for home fragrance products.
Product innovation, safety and ease of use has led to emergence of liquid candles as a major product type in the global candles market.
The popularity of e-commerce has significantly increased candles sales.
Paraffin is still the most widely used base material for candle production.
In 2018, mass merchandise retailers dominated the market in terms of revenue contribution followed by department or home decor stores, and both the channels are projected to remain dominant over the next six years.
Description: Regional Analysis "Rising foreign investments to bolster the growth in Asia Pacific region" In 2018, North America was observed as the largest market followed by Europe both these region are projected to maintain their market position over the coming six years.