In 2022, the global market size for outdoor candles was valued at USD 3.09 Billion and is projected to experience a significant growth in revenue with a CAGR of 3.4% during the forecast period. The market's growth is mainly attributed to several factors, such as the increasing demand for outdoor living spaces, the growing popularity of home decor, and the rising preference of customers towards environmentally friendly and sustainable products.
The trend of creating cozy and inviting outdoor living spaces has contributed to the surge in the use of outdoor candles. These candles are a popular choice for various outdoor events, including barbecues, picnics, and outdoor weddings, as they help create a relaxing and pleasant atmosphere. This has resulted in a higher demand for outdoor candles from both individual customers and businesses, such as hotels, restaurants, and event planners.
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Top Profiled Companies in the Global Scented Outdoor Candle Market Report:
- Yankee Candle Company
- The Bath Body Works, LLC
- Glade
- PartyLite
- Chesapeake Bay Candle
- Bolsius International BV
- Blyth, Inc.
- Candle-lite Company
- Colonial Candle
- Himalayan Trading Post
Restraints Growth of Scented Outdoor Candle Market
- Weather conditions: Outdoor candles are often used for ambiance and lighting in outdoor spaces. However, adverse weather conditions such as heavy winds, rain, or snow can limit their usage. People may be less likely to use outdoor candles during inclement weather, which can impact market growth.
- Safety concerns: Safety is a significant consideration when using candles, especially outdoors. The risk of fire hazards increases in outdoor settings due to factors like wind and flammable materials. Concerns over safety may discourage some individuals from using outdoor candles, which can affect market growth.
- Availability of alternatives: There are various alternative lighting options available for outdoor spaces, such as LED lights, solar-powered lamps, and string lights. These alternatives often offer convenience, ease of use, and durability, which may impact the demand for outdoor candles.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook:
- Scented
- Unscented
- Citronella
- Others
Material Outlook:
- Wax
- Soy
- Beeswax
- Others
Distribution Outlook:
- Online
- Offline
Key Takeaways of the Global Scented Outdoor Candle Market Report:
- A comprehensive overview of the global Outdoor Candle industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Scented Outdoor Candle Market.
- Elaborate study of the leading regional markets in the global Scented Outdoor Candle Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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