Europe Luxury Candle Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Regular and Scented) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Name: Europe Luxury Candle Market
SKU: Consumer Goods
Rating: 4.8 (16 reviews)

The luxury candle market in Europe is expected to grow from US$ 114.99 million in 2021 to US$ 161.63 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The home furnishing and home decor sector has seen significant expansion in recent years, owing to an increase in people's interest in making their living spaces more pleasant and homely. Moreover, people spent more time inside their houses due to the outbreak of COVID-19 and stay-at-home mandates. As a result, many people began to redecorate and modify their homes. This resulted in increased sales of home decor items such as curtains, pillows, lamps, vases, and candles. Due to the closure of brick-and-mortar stores and the rising preference of many consumers for online retail platforms such as Amazon, e-commerce sales of home decor products increased dramatically. Consumers are looking for new ways to brighten up their living spaces; therefore, sales of home decor items are projected to increase significantly in the coming years. Candles are an important element of celebrations, festivities, and home decor. They enhance the ambiance and add a finishing touch to the overall decoration. Moreover, candles suit any home decor theme, which make them versatile home decor products. Thus, the rapidly expanding home decor industry is significantly boosting the growth of the Europe luxury candle market.

In Europe, France, Russia, the UK, Italy, and Germany are among the worst-hit countries by the COVID-19 pandemic. These countries suffered from economic downfall due to restrictions on industrial activities because of lockdowns and border restrictions. The beauty and wellness industry across the region suffered huge losses as people preferred buying essential goods over non-essential and luxury commodities. However, the sales of scented candles surged in countries such as the UK, France, and Italy as people started engaging themselves in meditation, yoga, reading, and home decoration. This factor is projected to open lucrative opportunities for the luxury candle market across Europe.

Europe Luxury Candle Market Revenue and Forecast to 2028 (US$ Million)

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Europe Luxury Candle Market Segmentation

Europe Luxury Candle Market – By Type

Regular
Scented

Europe Luxury Candle Market – By Distribution Channel

Supermarkets and Hypermarkets
Specialty Stores
Online Retail
Others

Europe Luxury Candle Market– By Country

Europe Luxury Candle Market-Companies Mentioned

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country Level Data

3.2.8 Limitations & Assumptions

4. Europe Luxury Candle Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Europe

4.3 Expert Opinion

5. Europe Luxury Candle Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Inclusion of Luxury Candles in Self-Care Routines

5.1.2 Rising Home Decor Industry

5.2 Market Restraints

5.2.1 Availability of Low-Priced Products

5.3 Market Opportunities

5.3.1 Product Innovation

5.4 Future Trends

5.4.1 Rising Social Media Influence and Rising Penetration of E-commerce Platforms

5.5 Impact Analysis of Drivers and Restraints

6. Luxury Candle – Europe Market Analysis

6.1 Europe Luxury Candle Market Overview

6.2 Europe Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)

7. Europe Luxury Candle Market Analysis – By Type

7.1 Overview

7.2 Europe Luxury Candle Market, By Type (2020 and 2028)

7.3 Regular

7.3.1 Overview

7.3.2 Regular: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Scented

7.4.1 Overview

7.4.2 Scented: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

8. Europe Luxury Candle Market Analysis – By Distribution Channel

8.1 Overview

8.2 Europe Luxury Candle Market, By Distribution Channel (2020 and 2028)

8.3 Supermarkets and Hypermarkets

8.3.1 Overview

8.3.2 Supermarkets and Hypermarkets: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Specialty Stores

8.4.1 Overview

8.4.2 Specialty Stores: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Online Retail

8.5.1 Overview

8.5.2 Online Retail: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

9. Europe Luxury Candle Market – Country Analysis

9.1 Overview

9.1.1 Europe: Luxury Candle Market, by Key Country

9.1.1.1 Germany: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Germany: Luxury Candle Market, By Type

9.1.1.1.2 Germany: Luxury Candle Market, by Distribution Channel

9.1.1.2 France: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 France: Luxury Candle Market, By Type

9.1.1.2.2 France: Luxury Candle Market, by Distribution Channel

9.1.1.3 Italy: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Italy: Luxury Candle Market, By Type

9.1.1.3.2 Italy: Luxury Candle Market, by Distribution Channel

9.1.1.4 UK: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 UK: Luxury Candle Market, By Type

9.1.1.4.2 UK: Luxury Candle Market, by Distribution Channel

9.1.1.5 Russia: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 Russia: Luxury Candle Market, By Type

9.1.1.5.2 Russia: Luxury Candle Market, by Distribution Channel

9.1.1.6 Rest of Europe: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Europe: Luxury Candle Market, By Type

9.1.1.6.2 Rest of Europe: Luxury Candle Market, by Distribution Channel

10. Europe Luxury Candle Market - COVID-19 Impact Analysis

10.1 Europe: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 The Estée Lauder Companies Inc.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Diptyque

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 SISLEY

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 HERMES

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Acqua di Parma S.r.l.

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Newell Brands

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Parfums de Marly

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Louis Vuitton

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Maison Francis Kurkdjian

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES

Table 1. Europe Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Germany Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. Germany Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4. France Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. France Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 6. Italy Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Italy Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8. UK Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. UK Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 10. Russia Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Russia Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Europe Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of Europe Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Luxury Candle Market Segmentation

Figure 2. Europe Luxury Candle Market Segmentation – By Country

Figure 3. Europe Luxury Candle Market Overview

Figure 4. Europe Luxury Candle Market, By Type

Figure 5. Europe Luxury Candle Market, By Country

Figure 6. Europe: PEST Analysis

Figure 7. Expert Opinion

Figure 8. Europe Luxury Candle Market Impact Analysis of Drivers and Restraints

Figure 9. Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10. Europe Luxury Candle Market Revenue Share, By Type (2020 and 2028)

Figure 11. Regular: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Scented: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Europe Luxury Candle Market Revenue Share, By Distribution Channel (2020 and 2028)

Figure 14. Supermarkets and Hypermarkets: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Specialty Stores: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Online Retail: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Others: Europe Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Europe: Luxury Candle Market, by key Country– Revenue (2020) (US$ Million)

Figure 19. Europe: Luxury Candle Market Revenue Share, by Key Country (2020 and 2028)

Figure 20. Germany: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. France: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Italy: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. UK: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Russia: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Rest of Europe: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Impact of COVID-19 Pandemic in Europe Country Markets

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Luxury Candle Market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe Luxury Candle Market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Luxury Candle Market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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