How Candles Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Candles Market Latest Edition Published with Forecast to 2028
The current law that applies to the overall safety of goods is The General Product Safety Regulations 2005 (GPSR for short). There aren’t any specific laws that relate to just candles, but there are some ‘European standards’ which give clear guidance on candle safety and are recommended to adhere to as they demonstrate ‘due diligence’ under the GPSR.

The article cited AMA's "Global Candles Market Study" explored CAGR of 5.44%. According to the report, Increasing Adoption of Candles in Aromatherapy such as Relaxation and Stress Reduction is one of the primary growth factors for the market. Growing Adoption of Colourfull Candles in Home Decor is also expected to contribute significantly to the Candles market. Overall, applications of Candles, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Specialty or Gift Shops, is boosting the Candles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Beeswax, is boosting the Candles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Candles market identified that the demand is rising in many different parts of the world as "Customized Candle Shapes will further increase Consumer Satisfaction ".

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Candles market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Candles market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Candles market size is calculated using market estimation process, the Candles market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Candles market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager