North America 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)
The luxury candle market in North America is expected to grow from US$ 138.25 million in 2021 to US$ 190.10 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
The wellness industry strongly encourages individuals to exercise self-care since it encompasses all four areas of health: mental, physical, spiritual, and emotional well-being. People, particularly teenagers and young working professionals, are finding it difficult to handle stress, which is severely influencing their overall health. Therefore, there has been an increasing emphasis on mental and emotional health in recent years. Self-care routines that are practiced daily and weekly help in calming the mind and body, aiding in stress management. This also improves mental and emotional health. Candles are an excellent way to begin practicing self-care. Scented candles are commonly used in self-care rituals such as meditation, reading, and yoga. Smells trigger profound emotional responses in the brain. Scents can improve mood, reduce stress, improve sleep, boost self-confidence, and improve physical and cognitive performance. Moreover, the dim light of candles creates a soothing effect that helps in relaxation. Clearly, lighting candles is a wonderful method to express self-love. Therefore, people are increasingly including candles in their self-care routines. Moreover, aromatherapy is gaining huge traction among people as a way of practicing self-care. Luxury candles containing wax infused with essential oils are widely being used in aromatherapy as they stimulate brain's reaction and induce the feeling of relaxation, enthusiasm, and productivity. Furthermore, people associate scents with different memories. Therefore, manufacturers are launching candles with unique fragrances that help people remember positive memories in their lives. Luxury candles are becoming an integral part of self-care routines, which is potentially driving the growth of the North America luxury candle market.
The US recorded the highest number of COVID-19 confirmed cases, followed by Mexico and Canada. The crisis adversely affected the manufacturing sector in the region due to a restricted supply chain, raw material shortage, and shutdown of manufacturing units. In addition, the overall disruptions in manufacturing processes and research and development activities restrained new developments in the luxury candle market. However, because of the work from home mandates and lockdowns, people across the region began spending time inside their homes, which positively impacted the demand for home fragrance products, including luxury candles. Furthermore, the growing celebrity influence and strong foothold of e-commerce platforms in North America are projected to boost the growth of the luxury candle market across the region.
North America Luxury Candle Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
North America Luxury Candle Market Segmentation
North America Luxury Candle Market – By Type
- Regular
- Scented
North America Luxury Candle Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
North America Luxury Candle Market– By Country
- US
- Canada
- Mexico
North America Luxury Candle Market-Companies Mentioned
- Creed Boutique, LLC
- Diptyque
- HERMES
- Louis Vuitton
- Maison Francis Kurkdjian
- Newell Brands
- Parfums de Marly
- SISLEY
- The Estée Lauder Companies Inc.
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. North America Luxury Candle Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. North America Luxury Candle Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising 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 Growing Social Media Influence and Rising Penetration of E-commerce Platforms
5.5 Impact Analysis of Drivers and Restraints
6. Luxury Candle – North America Market Analysis
6.1 North America Luxury Candle Market Overview
6.2 North America Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Luxury Candle Market Analysis – By Type
7.1 Overview
7.2 North America Luxury Candle Market, By Type (2020 and 2028)
7.3 Regular
7.3.1 Overview
7.3.2 Regular: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Scented
7.4.1 Overview
7.4.2 Scented: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Luxury Candle Market Analysis – By Distribution Channel
8.1 Overview
8.2 North America Luxury Candle Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Luxury Candle Market – Country Analysis
9.1 Overview
9.1.2 North America: Luxury Candle Market, by Key Country
9.1.2.1 US: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 US: Luxury Candle Market, By Type
9.1.2.1.2 US: Luxury Candle Market, by Distribution Channel
9.1.2.2 Canada: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Canada: Luxury Candle Market, By Type
9.1.2.2.2 Canada: Luxury Candle Market, by Distribution Channel
9.1.2.3 Mexico: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Mexico: Luxury Candle Market, By Type
9.1.2.3.2 Mexico: Luxury Candle Market, by Distribution Channel
10. North America Luxury Candle Market - COVID-19 Impact Analysis
10.1 North America: 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 Creed Boutique, LLC
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. North America Luxury Candle Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Luxury Candle Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Luxury Candle Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Luxury Candle Market Segmentation
Figure 2. North America Luxury Candle Market Segmentation – By Country
Figure 3. North America Luxury Candle Market Overview
Figure 4. North America Luxury Candle Market, By Type
Figure 5. North America Luxury Candle Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Luxury Candle Market Impact Analysis of Drivers and Restraints
Figure 9. North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America Luxury Candle Market Revenue Share, By Type (2020 and 2028)
Figure 11. Regular: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Scented: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Luxury Candle Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 14. Supermarkets and Hypermarkets: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Specialty Stores: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Online Retail: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: North America Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America: Luxury Candle Market, by key Country – Revenue (2020) (US$ Million)
Figure 19. North America: Luxury Candle Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. US: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Canada: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Mexico: Luxury Candle Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in North American Country Markets- Creed Boutique, LLC
- Diptyque
- HERMES
- Louis Vuitton
- Maison Francis Kurkdjian
- Newell Brands
- Parfums de Marly
- SISLEY
- The Estée Lauder Companies Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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