Pumpkin Candles Market Size Research by Manufactures, Growth Rate, Revenue, and Forecast to 2028
Pumpkin Candles Market Scope:
Market Research Future (MRFR) affirms that the Pumpkin
Candles Market Size in 2020 was worth USD 365.70 million.
MRFR adds that the market share can increase at a rate of 6.50% between 2021
and 2028.
Top Boosters and Key Restraints:
The pumpkin candles market stands to benefit from the
soaring awareness about the various use of the product in aromatherapies as
well as massages. Scented candles market has been making huge profits
worldwide, given the expanding application scope in several therapeutic
procedures and the mounting number of people taking interest in meditation and
yoga. This is deemed to be favorable for the pumpkin candles industry in the
following years. Besides, players are focusing on integrating essential oils in
pumpkin candles for more fragrance that re-energizes the spirit.
A rising number of millennials worldwide are becoming
homeowners, with emerging interest in adding a personal note to the décor and
the ambience. As a result, they are increasingly buying luxury items like
pumpkin candles to establish a personalized tone at home. The availability of
these candles in a variety of colors add to the appeal of the space while
different designs and fragrance enhance the warmth of the home environment. In
view of these factors, the demand and sales of pumpkin candles are bound to
escalate robustly in subsequent years.
Regional Insight:
Geographically, the Pumpkin Candles Market can be divided
into Europe, North America along with Asia Pacific (APAC) and the rest of the
world or RoW.
North America attained the leading position in 2019,
garnering the highest share in the global market for pumpkin candles. The
region houses several players that manufacture a variety of pumpkin candle. The
US has emerged as a profitable market in recent years, with Canada and Mexico
following suit. Robust seasonal demand owing to Halloween and the high
awareness level about the use of pumpkin candles in massages and aromatherapies
have added considerably to the market value in the region. Pumpkin candles are
seen as essential items during therapeutic procedures as they help create a
relaxing atmosphere, and are therefore, generating demand among people
interested in meditation and similar activities.
Asia Pacific is touted to procure the fastest CAGR in
subsequent years, thanks to the soaring number of manufacturers of scented
candles as the demand escalates. The demand is significantly high among the
exploding urban population with rising disposable incomes. The growth in the
millennial consumers and surging focus on home care should also foster the
sales of pumpkin candles in the ensuing years. Consumers in India and Japan are
increasingly adopting luxury lifestyles and are therefore, opting for aesthetic
products that improve the décor and the ambience of their homes. Expansion of
the middle-class population with growing preference for dine-out joints that
have luxury decorations can also enhance the market share over the following
years.
Reputed Companies:
Bath & Body Works, LLC (US), Our Own Candle Company
(Australia), Holly's House (UK), Gibson & Dehn (US), Anthropologie’s
Boulangerie (US), The Yankee Candle Company (US), C. Johnson & Son Inc.
(US), Williams-Sonoma Inc. (US), C. Johnson & Son, Inc (US),
Williams-Sonoma Inc. (US) are profiled in the MRFR report as the most eminent
companies in the pumpkin candles industry.
Segmental Review:
Material type, category and distribution channels are the
key Pumpkin
Candles Market Overview segments considered in the MRFR
report.
Beeswax, soy wax, paraffin wax, and others are the key
material types of pumpkin candles available in the global market. Beeswax
candles are known to have the highest melting point out of all the types, which
leads to an extremely long burn period. Despite their significant costs,
beeswax candles garner high demand on account of their longer burning time.
Category-wise, the segments include premium and mass.
Premium category of pumpkin candles has taken the lead in the market and
generates massive demand thanks to the rising purchasing capacity of people.
Moreover, premium pumpkin candles are made of soy wax or beeswax, which are
primarily non-toxic and therefore, witness booming sales across the world.
Store-based and non-store based are the major distribution
channels considered in the report. Store-based channels in the market are
supermarkets & hypermarkets along with specialty stores, and more. The top
segment is supermarkets & hypermarkets while the none-based or online
channels can achieve a faster growth in the near future.
Latest Updates:
September 2020: The Yankee Candle company (US) introduced
its latest limited-edition pumpkin candle collection for Halloween. Named
Pumpkin Patch, the new range boasts of a fragrance that appeals to wanting to
add spiciness to their Halloween celebrations, especially indoors.
Related Reports:
Chia
Seeds Market Research Report Information By Category (Organic and
Conventional), By Form (Whole, Powdered, and Oil), By Application (Food &
Beverages, Pharmaceuticals & Nutraceuticals, Personal Care & Cosmetics,
and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of
The World) – Market Forecast Till 2030.
Taille
du marché du meuble, informations d'analyse des parts : par type (RTA
et non RTA), type de matériau (bois, mélamine, verre, acier, panneaux
enveloppés, films finis), type de mobilier (chaises, canapés, tables, lits),
utilisation finale (commercial et domestique) — Prévisions mondiales jusqu'en
2027
アロマセラピーの市場情報;
製品別（エッセンシャルオイル（フローラル、シトラス、グリーン/植物、草本/樟脳、スパイシー、その他）、キャリアオイルおよびブレンドオイル）、機器（ネブライザーディフューザー、超音波ディフューザー、ヒートディフューザー）、アプリケーション（トロピカル、吸入、空中拡散）;
治療アプリケーション（リラクゼーションと睡眠、痛みの管理、スキンケアとヘアケア、その他の治療法）-2030年までの予測
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