The Latin America, Middle East and Africa Candle Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).
The high consumption of candles as an aesthetic-appealing product for household decoration and application among millennials is increasing its demand. As a result, beauty retailers, fashion houses, and independent brands have been developing innovative products to lure in new customers while keeping the existing ones. The air that individuals breathe is pivotal to their health. One might get a headache or stuffy nose in highly smoggy or polluted conditions.
These pressure the lungs and lead to respiratory or lung disorders like asthma. An essential oil-infused candle can aid significantly in decreasing these conditions. Scented candles with essential oils are used as a form of treatment to alter a person’s mind, mood, health, and cognitive functions positively. The sensory receptors of the brain, which get signals from the millions of olfactory cells in one’s nose, work when they breathe in scented air and aid in improving their mood, and help them feel good.
In Saudi Arabia’s vision for 2030 economic diversification plan, the tourism sector is the most critical industry. Saudi Arabia already has competitive advantages over others in religious tourism due to the presence of many sacred sites. Saudi Arabia’s diverse terrain offers a variety of scenery. At the same time, its captivating history, religious importance, many UNESCO world heritage sites, and a rich culture makes it one of the most visited nations. The robust growth of the tourism sector and the high number of luxury hotels and spas will surge the utilization of candles for different purposes and thereby surge the growth of the candle market in the region.
The Brazil market dominated the LAMEA Candle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $356.3 million by 2028. The Argentina market is experiencing a CAGR of 8.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.2% during (2022 - 2028).
Based on Product, the market is segmented into Votive, Container Candle, Pillars, Tapers, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Wax Type, the market is segmented into Paraffin, Soy Wax, Beeswax, Palm Wax, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Candle Market is Projected to reach USD 16.9 Billion by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Yankee Candle Company (Newell Brands, Inc.), Estee Lauder Companies, Inc., Bed Bath & Beyond, Inc., Diptyque (Manzanita Capital Ltd.), Ellis Brooklyn, Trudon, Contract Candles & Diffusers Ltd., Conscious Candle Co., The Bridgewater Candle Company, and NEST Fragrances.
By Product
By Distribution Channel
By Wax Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 