Luxury Candle Market Size, Share And industry Trend Analysis By Segmentation Scented and Regular Candle - Recent Study By The Insight Partners

Luxury Candle Market business intelligence report by "The Insight Partners" entails detailed information regarding the dynamics affecting market valuation over the analysis period. It also covers the competitive landscape, market scope, and market segmentation.

Additionally, the report includes an exhaustive analysis of the Luxury Candle Market and concludes with precise estimates of the revenue generation by each segment, country, region and company. Every detail that might prove to be essential for making strategic decisions is mentioned along with solutions and suggestions from expert analysts. Each segment of the Luxury Candle Market is studied extensively to provide reliable knowledge for supplementary market investments.

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The luxury candle market was valued at US$ 370.95 million in 2021 and is projected to reach US$ 525.28 million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.

The global luxury candle market growth is being driven by the rising adoption of aromatherapy, increasing preference for home decor, and growing number of high net worth individuals (HNWIs). The attractive packaging and novel fragrance being incorporated in luxury candles pave the way for profitable growth opportunities for the active vendors in the market.

Companies Mentioned:

The key players operating in the global luxury candle market include The Estée Lauder Companies Inc.; Diptyque; SISLEY; HERMES; Creed Boutique, LLC; Acqua di Parma S.r.l.; Newell Brands; Parfums de Marly; Louis Vuitton; and Maison Francis Kurkdjian

Key Elements that the report acknowledges:

Growth rate and market size over the analysis timeframe.

Key factors stimulating and hindering market expansion.

Leading vendors and suppliers of the market.

Exhaustive SWOT analysis of each company.

Detailed PEST analysis by region.

Opportunities and threats faced by the existing vendors in Luxury Candle market.

Strategic initiatives undertaken by leading players.

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MARKET SEGMENTATION

By Type (Scented and Regular)

By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Reasons to Buy

Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Luxury Candle market.

The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.

The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Luxury Candle market thereby enabling players to develop effective long term strategies in order to garner their market revenue.

Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

In 2020, North America held the largest share of the global luxury candle market, and Asia Pacific is estimated to register the fastest CAGR over the forecast period. The rising inclination of people in countries such as China, India, and Japan toward self-care and self-love is driving the demand for luxury candles. Moreover, the increasing influence of social media and celebrities on people's lifestyles is one of the significant factors driving the growth of the luxury candles market in Asia Pacific. People in the region readily follow social media trends and influencers and celebrities. Manufacturers of luxury candles collaborate with celebrities and social media influencers and are also launch paid promotion campaigns to boost the sales of their products. Moreover, rising per capita income and growing expenditure on home decor and home renovation activities across Asia Pacific are expected to propel the growth of the luxury candles market over the forecast period.

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About US:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers Goods, Chemicals and Materials.

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