Top Companies in Candle Market | Report 2022, Size, Share, Growth rate by Vantage market research
Candles are commonly used during religious rituals, festivities, festivals, and get-togethers to create a lovely environment and a relaxing atmosphere.
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Upcoming Trends in Candle Market
The Global Candle Market is valued at USD 6.8 Billion in the year 2021 and is projected to reach a value of USD 9.9 Billion by the year 2028. The Global Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period. The Global Candle Market is expected to witness significant growth over the forecast time period, owing to the increasing applications of candles. Candles are also used for the decoration of houses and offices and in celebrating festivals like Diwali and Christmas, which is another major factor driving this market. Moreover, the increasing disposable incomes and changing lifestyles of consumers have enabled them to spend more money on candles with better shapes and exotic aromas, which is also boosting this global market. However, the presence of a large number of unorganized candle manufacturers may hamper the Candle Market globally.
The global Candle Market is fragmented based on product and raw material. The product segment includes wax-filled container candles, votives, 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, promotions, etc., which is a major factor in this segment’s growth.
Some of the key players operating in Candle Market are listed below:
|
Company Name |
Revenue in USD |
|
<$5 Million |
|
<$5 Million |
|
$236 Million |
|
$6 Million |
|
$494 Million |
|
<$5 Million |
|
$26 Million |
|
$6 Million |
|
$18 Million |
|
<$5 Million |
Vollmar GmbH is a German candle manufacturer, founded in 1910 as a fishing operation. The company produces annually 50k candles annually and has 200 employees working. The major market for the company is the European market.
Company Baltic Candles has a nearly a century-long history and experience in candle production. Currently, the company is the largest candle producer in the Baltic States and one of the largest in Europe. It produces >5 000 tons of candles a year. The company has a wide experience in producing various types of candles and offers include candles that can be used both inside and outside premises. The company is situated in Dobele.
Bolsius International is a 150 old company founded in 1870. The company is located in the Netherlands. The company owned by the Bolsius brothers waxed and waned in the 60s and 70s before running into major difficulties in the 70s. The Bolsius brothers started making a name for themselves in manufacturing church candles. The product went down so well with church members that they granted them the distinction of the papal purveyor.
The company is a privately held organization that manufactures sustainable candles. The company has 50 employees and was founded in 2004. The company produces 3,400 candles annually. And has a production facility in Sweden.
The company is a privately held organization specialized in manufacturing candles and other consumer goods. Duni Group is one of the leading creators of sustainable and innovative concepts for the set table and take-away. The company offers high-quality and environmentally-sound products, such as napkins, table covers, and candles, along with packaging and packaging systems for take-away. Duni Group is listed on NASDAQ Stockholm.
Hansa Candle was founded in 1996. The company produces candles and ignition products. From the very outset, the company has prioritized high quality, long-term client relations, and environmentally-friendly production. The products are currently exported to 15 countries. The company factory is located in the Estonian city of Viljandi. The total area of the roofed production facilities exceeds 20,000 m2. The company has over 140 employees and has an annual turnover of USD 0.5 billion. The company has invested in new production lines and can make various candles both from natural raw materials and the traditional candle base paraffin.
KORONA Candles was founded in 1995 and is one of the largest manufacturers of candles in Europe. The company has over 850 employees and is headquartered in Poland. The company produces candles in the USA in 2018 at Korona Candles Inc., Dublin, Virginia. The company is a privately held organization and manufacturers other products such as private label, wax melts, candles, tea lights, decor, essential oils, reed diffusers, manufacturing, and fragrance
CERAS ROURA is a family business, founded in 1912, dedicated to the manufacture and sale of all types of candles and accessories. With innovation, the company has opened main large distribution chains, until CERAS ROURA, S.A. is an industry leader. Modern facilities currently occupy 12,000 m2 and a high degree of automation allows for the production of 3,800 tons of candles per year.
Founded in 1997, the company is a family-run candle & diffuser manufacturer committed to customers, employees & future generations. The company started as a contract packer working with leading British brands, developing further into manufacturing luxury hand poured scented candles & diffusers in beautiful factories in the South East of England. As a UK candle manufacturer are passionate about delivering British-made excellence and pride ourselves on quality.
Candles Scandinavia is the largest manufacturer of candles with 100% natural wax in Scandinavia. Candles are tailored for each customer and made from local rapeseed oil. Candles Scandinavia was started in 2009 by Viktor and Nina Garmiani with an ambition to manufacture the best-scented candles based on natural and sustainable wax there is to buy. Since the start, the company has improved and grown exponentially. Candles Scandinavia is the largest manufacturer of candles based on sustainable, plant-based wax in Scandinavia, with more than 66 employees and more than USD 10.59 million in turnover.
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