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Global Candle Market to be Worth around USD 13.72 Billion by 2026 - Zion Market Research
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The global candle market is fragmented based on product and raw material. The product segment includes wax-filled container candles, votive, tea lights, pillars, cartridge candles, birthday candles, and others. Tea light candles are circular in shape and come inside of a metal or plastic cup and have more width than height. These candles are inexpensive, which will fuel this segment's growth over the forecast time period. Wax-filled container candles and birthday candles are expected to witness significant growth in the years ahead. Birthday candles are used on birthdays, anniversaries, farewells, promotion, etc., which is a major factor for this segment's growth.
By raw material, the candle market is divided into soy wax, stearin, rapeseed wax, beeswax, palm wax, paraffin wax, and others. The beeswax segment is expected to show moderate growth, owing to its shiny appearance which makes it suitable for use during festivals. Moreover, these candles are organic in nature and improve air quality. Stearin based candles cannot be bent easily and are highly durable with regard to slant, draft, and temperature.
Europe is the dominating region in the global candle market and is expected to witness substantial growth over the forecast time period as well. This region is mostly dominated by the Christian population, which uses votive candles. The Asia Pacific candle market is expected to witness maximum growth in the future, owing to a large number of festivals celebrated across the region all the year-round, especially in India .
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Some key players in the candle market are Vollmar, Baltic Candles, Bolsius International, Delsbo Candle, Duni, Hansa Candle , KORONA Candles, CerasRoura, Contract Candles, and Candle Scandinavia.
This report segments the global candle market into:
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