Eco-friendly Candle Market

Eco-friendly Candle Market Outlook from 2024 to 2034

The demand-side trends help the eco-friendly candle market elevate from USD 379.1 million to USD 725.1 million from 2024 to 2034. This escalation will likely be attributed to a moderate CAGR of 6.7%, providing sustainable candle market opportunities.

Attributes	Key Insights
Estimated Market Size in 2024	USD 379.1 million
Projected Market Value in 2034	USD 725.1 million
Value-based CAGR from 2024 to 2034	6.7%

Eco-friendly Candle Market Trends

• The growing demand-side trends of carbon footprint reduction is a key eco-friendly candle market trend. Efforts are made by governments and leading eco-friendly candle manufacturers to reduce carbon emissions. This upsurges the production of sustainable candle manufacturing practices.
• The growing demand-side trends about self-care and psychological well-being, therapeutic candle use is increasing. Consumers demand eco-friendly candles to enhance the meditation experience, another key market trend.
• The growing worldwide tourism sector is experiencing supply-side trends in decorative candles. Also, the home décor industry requires eco-friendly candles for better aesthetics. This gives market opportunity to leading eco-friendly candle manufacturers.

Demand Analysis of the Eco-friendly Candle Market from 2019 to 2023 vs. Outlook from 2024 to 2034

With a moderate CAGR of 6.1%, the historical period lifted the eco-friendly candle market from USD 281.7 million to USD 357 million from 2019 to 2023.

The historical period was influenced due to the growing social media platforms. The influencer culture elevated during the pandemic period. The importance of meditation and self-relaxation was highlighted, generating demand-side trends during the period.

However, due to pandemic restrictions, the supply-side trends soared, affecting the market growth. With the disruption of global supply chains, eco-friendly candle manufacturers struggle to meet demand-side trends effectively.

Historical CAGR from 2019 to 2023	6.1%
Forecast CAGR from 2024 to 2034	6.7%

The growing e-commerce industry vastly governs the forecasted period. This develops a better distribution network, supporting leading eco-friendly candle manufacturers and fulfilling supply-side market trends.

The growing demand-side trends for sustainability and eco-friendly products will upsurge the production of eco-friendly candles. As these candles liberate less smoke and reduce carbon footprints, the growth opportunities in the market increase. Therefore, this is another key global eco-friendly candle market driver.

Growth Drivers in the Eco-friendly Candle Market

• The rising demand-side trends for eco-friendly candles to meditate is the primary market driver for the eco-friendly candle market. Therapeutic use is increasing due to the calming and relaxing effect of candles.
• The growing hospitality industry is a crucial market driver, generating demand-side trends for the market. Decorating tourist spots, restaurants, and hotels will likely upsurge the demand for eco-friendly candles.
• The growing e-commerce sector diversifies the distribution network for the leading eco-friendly candle manufacturers, helping them reach a larger consumer base. Therefore, this enhances the supply-side trends in the market, creating lucrative market growth opportunities.
• The increased disposable income elevates the standard of living, boosting the demand-side trend of premium and luxury products. This surges the production of eco-friendly candles, driving the market. Hence, this is a key market growth factor.

Eco-friendly Candle Market Restraints

• The eco-friendly candle market's inventory, storage, distribution, and retail costs increase due to increased production quantum. The rising supply-side trends arrest the scalability, hampering the market growth. Hence, this might be a key market challenge.
• Due to the excessive competition and larger market share held by leading eco-friendly candle manufacturers, the market will likely become highly saturated. This reduces the scalability, hampering the market growth.

Country-wise Analysis

The growing tourism sector is supporting hospitality businesses in European countries. Due to this, lucrative market growth chances are created in the region that assists the global eco-friendly candle market. Hence, Europe is a significant contributor.

The growing market in Asia provides larger platforms for emerging competitors. Due to the vastness of the population, more market opportunities are created in these countries. Therefore, it is a growing market.

The Middle East, Africa, North America, and Latin America regions are equivalent contributors to the subject market, with growing infrastructure and disposable incomes.

Forecast CAGRs from 2024 to 2034

Countries	Forecasted CAGR
Spain	6%
Canada	7.7%
China	8.3%
Japan	8.7%
India	9.5%

The Growing Hospitality Sector in Spain Supports the Eco-Friendly Candle Market

The Spanish eco-friendly candle market projects the advancement at a CAGR of 6% through 2034. Spain has seen a flourishing hospitality sector, inducing rising supply-side trends to beautify hotels, restaurants, and tourist spots.

This is vastly achieved by decorating the location with the help of attractive lighting systems, fulfilling tourists’ demand-side trends. However, environmental impact is keenly reduced, surging the demand for eco-friendly candles. Therefore, these are crucial market drivers.

Greenhouse Gas Emission Reduction Initiatives in Canada Provide Market Growth Opportunities

Canada provides substantial market growth opportunities to the eco-friendly candle market, forecasting a CAGR of 7.7%. The Canadian government emphasizes reducing carbon footprints. To achieve this, many initiatives, regulatory policies, and legal initiatives are taken.

This fuels the production of sustainable products. Thus, it encourages the leading eco-friendly candle manufacturers. Therefore, these are key market drivers responsible for creating several market opportunities.

China Focuses on the Technological Infrastructure, Supporting the Eco-Friendly Candle Market Growth

China is estimated to support the eco-friendly candle market progress at a promising CAGR of 8.3%. The technological growth in the country is substantial. The government is supporting leading manufacturers, encouraging them to innovate.

This innovation is diversifying the supply-side trends in the market by supplying augments eco-friendly candles. Hence, this is the primary market driver for the Chinese eco-friendly candle market.

Trending Minimalism in Japan Generates Demand-Side Trends in the Market

Japanese philosophy relies more on minimalism and co-existence with nature. Consequently, consumer demand-side trends incline towards sustainable products, and a minimalistic approach is fostered.

Meditation and relaxation therapies are exploited using these candles, which increases the supply-side trends of eco-friendly candles, encouraging leading eco-friendly candle manufacturers to flood the market with these products. Thus, Japan estimates the progress of the eco-friendly candle market at a promising CAGR of 8.7%

Growing Sustainability Demands Increase Supply-Side Trends in India

The economic middle class in India is growing. However, the increasing disposable incomes boost the bargaining power of consumers. Despite increasing disposable income, the Indian philosophy is reliant on sustainability.

This increases the demand-side trends for lifestyle consumer goods, fueling the market growth. Thus, India is the largest market, progressing at the highest CAGR of 9.5%, giving leading eco-friendly candle manufacturers opportunities.

Category-wise Insights

Category	Material (Plant-based wax)
Market Share in 2024	29.4%
Market Segment Drivers	The supply-side trend is increasing in the hospitality sector and other therapeutic applications due to rising demand for plant-based wax candles. The clean burning of these candles enhances the demand-side trend, driving the market segment. Low pricing and inexpensiveness of these candles are the main market drivers, creating several market opportunities.

Category	Fragrance Type (Essential oils)
Market Share in 2024	32.7%
Market Segment Drivers	Excellent biodegradability of essential oils supports the market trend of rising environmental awareness. The rising consumer preference for eco-friendly products favors the market segment, surging the demand-supply trends. The medical benefits of essential oil candles increase their supply-side trend in therapeutic applications, driving the market segment.

Competitive Landscape of the Eco-friendly Candle Market

As businesses adhere to sustainability principles, new techniques and methods are used to innovate and meet sustainability guidelines. To achieve this smoothly, many leading eco-friendly candle manufacturers have been using product innovation as a key mode to expand their product portfolio. Moreover, the future of the eco-friendly candle market will see product development.

Also, leading eco-friendly candle manufacturers rely on strategic partnerships, collaborations, mergers and acquisitions, and diversifications to expand in the market.

Key Market Developments

• In January 2020, Brooklyn Candle Studio collaborated with California-based artist Allison Kunath. This collaboration launched an augmented product line having 10-ounce reusable ceramic containers containing three scented candles. Moreover, it was aimed to benefit three female-centric charitable organizations.
• In November 2023, P.F. Candle Co. collaborated with Lisa Says Gah. This collaboration has helped the organization augment its products, taking inspiration from the latter and diversifying its offerings in the market. In addition, the organization has bolstered its market position in the Italian market.

Key Coverage of Eco-Friendly Candle Market Report

• Analysis of the investment trends and opportunities in the eco-friendly candle market, investment matrix, and eco-friendly candle investment.
• Value chain analysis eco-friendly candle market.
• Strengths and weaknesses of eco-friendly candle manufacturers.
• Bargaining power of suppliers in the eco-friendly candle industry.
• Economic factors affecting eco-friendly candle pricing.
• Eco-friendly candle manufacturer comparison.

Report Scope

Attributes	Details
Estimated Market Size in 2024	USD 379.1 million
Projected Market Valuation in 2034	USD 725.1 million
Value-based CAGR 2024 to 2034	6.7%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD million
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Key Market Segments Covered	Material, Fragrance Type, Consumer Orientation, Distribution Channel, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel
Key Companies Profiled	P.F. Candle Co.; Brooklyn Candle Studio; Natura Soylights; Eym; Eco Candle Co.; Mrs. Meyer's Clean Day; The Pure Candle; Prosperity Candle; GoodLight Natural Candles; Big Dipper Wax Works; Way Out Wax; The Little Market; Simply Curated; Bee Lucia Wellness Co.; Himalayan Trading Post

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
  • 5.1. Soy Wax
  • 5.2. Beeswax
  • 5.3. Coconut Wax
  • 5.4. Plant-Based Wax
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Fragrance Type
  • 6.1. Essential Oils
  • 6.2. Fragrance Oils
  • 6.3. Fragrance-Free
  • 6.4. Botanical Blends
  • 6.5. Others
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation
  • 7.1. Men
  • 7.2. Women
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
  • 8.1. Hypermarkets / Supermarkets
  • 8.2. Specialty Stores
  • 8.3. Independent Departmental Stores
  • 8.4. Convenience Stores
  • 8.5. Online Retailers
  • 8.6. Wholesalers & Distributors
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Western Europe
  • 9.4. Eastern Europe
  • 9.5. South Asia and Pacific
  • 9.6. East Asia
  • 9.7. Middle East and Africa
• 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 17. Key Countries Market Analysis
• 18. Market Structure Analysis
• 19. Competition Analysis
  • 19.1. P.F. Candle Co.
  • 19.2. Brooklyn Candle Studio
  • 19.3. Natura Soylights
  • 19.4. Eym
  • 19.5. Eco Candle Co.
  • 19.6. Mrs. Meyer's Clean Day
  • 19.7. The Pure Candle
  • 19.8. Prosperity Candle
  • 19.9. GoodLight Natural Candle
  • 19.10. Big Dipper Wax Works
  • 19.11. Way Out Wax
  • 19.12. The Little Market
  • 19.13. Simply Curated
  • 19.14. Bee Lucia Wellness Co.
  • 19.15. Himalayan Trading Post
• 20. Assumptions & Acronyms Used
• 21. Research Methodology