Global Decorative Candles Retail Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Outlook;

Scented and Unscented.

By Distribution Channel;

Offline and Online.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn403413392 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Decorative Candles Retail Market (USD Million), 2021 - 2031

In the year 2024, the Global Decorative Candles Retail Market was valued at USD 1,731.29 million. The size of this market is expected to increase to USD 2,708.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.

The global decorative candles retail market has witnessed significant growth in recent years, fueled by various factors such as increasing consumer preference for home decor items, rising disposable incomes, and growing awareness regarding aromatherapy benefits. Decorative candles serve as versatile accessories that not only enhance the aesthetic appeal of living spaces but also create a soothing ambiance with their fragrances. These candles are available in a wide array of shapes, sizes, colors, and scents, catering to diverse consumer preferences and interior decor themes.

The proliferation of e-commerce platforms has made decorative candles more accessible to consumers worldwide, facilitating convenient purchasing options and enabling vendors to reach a broader customer base. Additionally, the trend of personalized and customized products has gained traction, with consumers seeking unique designs and scents that resonate with their individual tastes and preferences. This trend has encouraged manufacturers and retailers to innovate and diversify their product offerings to stay competitive in the market.

The growing popularity of candles as gifting items for various occasions such as birthdays, weddings, and festive celebrations has further boosted market growth. The ability of decorative candles to evoke emotions and create memorable experiences makes them a preferred choice for gift-givers seeking thoughtful and aesthetically pleasing presents. With the increasing focus on eco-friendly and sustainable products, there is also a rising demand for natural and organic candles made from renewable sources such as soy wax and beeswax. Overall, these factors are expected to continue driving the growth of the global decorative candles retail market in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Outlook
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Decorative Candles Retail Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Home Decor
        2. Rising Disposable Income
        3. Innovative Product Designs
        4. E-commerce Boom
      2. Restraints
        1. Environmental Concerns
        2. Fluctuating Raw Material Prices
        3. Competition from Substitutes
        4. Regulatory Compliance
      3. Opportunities
        1. Customization and Personalization
        2. Expansion in Emerging Markets
        3. Health and Wellness Trends
        4. Online Marketing and Branding
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Decorative Candles Retail Market, By Distribution Channel, 2021- 2031 (USD Million)
      1. Scented
      2. Unscented
    2. Global Decorative Candles Retail Market, By Distribution Channel, 2021- 2031 (USD Million)
      1. Offline
      2. Online
    3. Global Decorative Candles Retail Market, By Geography, 2021- 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Yankee Candle Company
      2. PartyLite
      3. Bath & Body Works
      4. Pier 1 Imports
      5. Nest Fragrances
      6. Diptyque
      7. Village Candle
      8. Illume Candles
      9. Root Candles
      10. Voluspa
  7. Analyst Views
  8. Future Outlook of the Market