The Latin America, Middle East and Africa Luxury Candle Market would witness market growth of 13.6% CAGR during the forecast period (2023-2029).
Popular blends for encouraging rest, calmness, and peace include lavender, bergamot, and sandalwood. Sandalwood is known for its calming effects, which can assist in fostering a deeper sense of connection to oneself. Lavender has various calming properties that are excellent as a stress reliever. Bergamot essential oil improves the mood and serves to restore balance.
Chamomile and ylang-ylang are two other fragrant scents that could encourage a peaceful environment. While ylang-ylang has been utilized for comfort and clarity since dawn, chamomile has long been associated with peaceful slumber or quiet moments of reflection. An earthy scent that helps achieve inner serenity is vetiver. These smells can aid in achieving present-moment tranquility.
An olfactory experience is provided when burning a high-end scented candle because soy wax emits scents blended with medicinal essential oils as it burns. These candles provide therapeutic advantages like increased self-awareness and stress reduction and evoke pleasant memories and feelings.
Dubai has long been one of the most popular tourist locations. Massive buildings like the Burj Khalifa or Burj Al Arab, highly known throughout the region, draw people to these locations. The area also offers various hotels, posh spas, and fine-dining restaurants. A direct contribution of $ 18.7 billion, or roughly 5.2% of the UAE's GDP, was made by the tourism & travel sector in 2016. From 2017 to 2027, the industry is anticipated to grow at a rate of 5.1% per year, representing 5.4% of the net GDP in 2027. The robust expansion of the tourism industry and the abundance of five-star resorts and hotels will increase the use of candles for various purposes, driving up demand for luxury candles.
The Brazil market dominated the LAMEA Luxury Candle Market by Country in 2022; thereby, achieving a market value of $16.1 Million by 2029. The Argentina market is poised to grow at a CAGR of 14.2% during (2023 - 2029). Additionally, The UAE market would register a CAGR of 13.3% during (2023 - 2029).
Based on Product, the market is segmented into Container, Pillar, Votive, Tapers and Others. Based on Distribution Channel, the market is segmented into Departmental Stores, Specialty Stores, Stand-Alone Boutiques and Online. Based on Wax Type, the market is segmented into Paraffin, Soywax, 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 Luxury Candle Market is Projected to reach USD 939 Million by 2029, at a CAGR of 10.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LVMH SE, Diptyque SAS (Manzanita Capital UK LLP), Hermès International, Trudon, Ellis Brooklyn, E&B Parfums SL, LUMIRA Co Pty Ltd, Le Labo (The Estée Lauder Companies, Inc.), Byredo (PUIG, S.L.) and Fornasetti S.P.A.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Container
- Pillar
- Votive
- Tapers
- Others
By Distribution Channel
- Departmental Stores
- Specialty Stores
- Stand-Alone Boutiques
- Online
By Wax Type
- Paraffin
- Soywax
- Beeswax
- Palm Wax
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- LVMH SE
- Diptyque SAS (Manzanita Capital UK LLP)
- Hermès International
- Trudon
- Ellis Brooklyn
- E&B Parfums SL
- LUMIRA Co Pty Ltd
- Le Labo (The Estée Lauder Companies, Inc.)
- Byredo (PUIG, S.L.)
- Fornasetti S.P.A.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Luxury Candle Market, by Product
1.4.2 LAMEA Luxury Candle Market, by Distribution Channel
1.4.3 LAMEA Luxury Candle Market, by Wax Type
1.4.4 LAMEA Luxury Candle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, Oct) Leading Players
Chapter 4. LAMEA Luxury Candle Market by Product
4.1 LAMEA Container Market by Country
4.2 LAMEA Pillar Market by Country
4.3 LAMEA Votive Market by Country
4.4 LAMEA Tapers Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Luxury Candle Market by Distribution Channel
5.1 LAMEA Departmental Stores Market by Country
5.2 LAMEA Specialty Stores Market by Country
5.3 LAMEA Stand-Alone Boutiques Market by Country
5.4 LAMEA Online Market by Country
Chapter 6. LAMEA Luxury Candle Market by Wax Type
6.1 LAMEA Paraffin Market by Country
6.2 LAMEA Soywax Market by Country
6.3 LAMEA Beeswax Market by Country
6.4 LAMEA Palm Wax Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Luxury Candle Market by Country
7.1 Brazil Luxury Candle Market
7.1.1 Brazil Luxury Candle Market by Product
7.1.2 Brazil Luxury Candle Market by Distribution Channel
7.1.3 Brazil Luxury Candle Market by Wax Type
7.2 Argentina Luxury Candle Market
7.2.1 Argentina Luxury Candle Market by Product
7.2.2 Argentina Luxury Candle Market by Distribution Channel
7.2.3 Argentina Luxury Candle Market by Wax Type
7.3 UAE Luxury Candle Market
7.3.1 UAE Luxury Candle Market by Product
7.3.2 UAE Luxury Candle Market by Distribution Channel
7.3.3 UAE Luxury Candle Market by Wax Type
7.4 Saudi Arabia Luxury Candle Market
7.4.1 Saudi Arabia Luxury Candle Market by Product
7.4.2 Saudi Arabia Luxury Candle Market by Distribution Channel
7.4.3 Saudi Arabia Luxury Candle Market by Wax Type
7.5 South Africa Luxury Candle Market
7.5.1 South Africa Luxury Candle Market by Product
7.5.2 South Africa Luxury Candle Market by Distribution Channel
7.5.3 South Africa Luxury Candle Market by Wax Type
7.6 Nigeria Luxury Candle Market
7.6.1 Nigeria Luxury Candle Market by Product
7.6.2 Nigeria Luxury Candle Market by Distribution Channel
7.6.3 Nigeria Luxury Candle Market by Wax Type
7.7 Rest of LAMEA Luxury Candle Market
7.7.1 Rest of LAMEA Luxury Candle Market by Product
7.7.2 Rest of LAMEA Luxury Candle Market by Distribution Channel
7.7.3 Rest of LAMEA Luxury Candle Market by Wax Type
Chapter 8. Company Profiles
8.1 LVMH SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Acquisition and Mergers:
8.2 Hermès International
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Geographical Expansions:
8.3 Le Labo (The Estée Lauder Companies, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.4 Byredo (PUIG, S.L.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Product Category and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Product Launches and Product Expansions:
8.5 Diptyque SAS (Manzanita Capital UK LLP)
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.2.2 Geographical Expansions:
8.6 LUMIRA Co Pty Ltd
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 Ellis Brooklyn
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 Fornasetti S.P.A.
8.8.1 Company Overview
8.9 E&B Parfums SL
8.9.1 Company Overview
8.10. Trudon
8.10.1 Company Overview
TABLE 1 LAMEA Luxury Candle Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Luxury Candle Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Luxury Candle Market
TABLE 4 Product Launches And Product Expansions– Luxury Candle Market
TABLE 5 Acquisition and Mergers– Luxury Candle Market
TABLE 6 geographical expansions – Luxury Candle Market
TABLE 7 LAMEA Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 8 LAMEA Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 9 LAMEA Container Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Container Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Pillar Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Pillar Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Votive Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Votive Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Tapers Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Tapers Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 20 LAMEA Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 21 LAMEA Departmental Stores Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Departmental Stores Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA Specialty Stores Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Specialty Stores Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA Stand-Alone Boutiques Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Stand-Alone Boutiques Market by Country, 2023 - 2029, USD Million
TABLE 27 LAMEA Online Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Online Market by Country, 2023 - 2029, USD Million
TABLE 29 LAMEA Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 30 LAMEA Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 31 LAMEA Paraffin Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Paraffin Market by Country, 2023 - 2029, USD Million
TABLE 33 LAMEA Soywax Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Soywax Market by Country, 2023 - 2029, USD Million
TABLE 35 LAMEA Beeswax Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Beeswax Market by Country, 2023 - 2029, USD Million
TABLE 37 LAMEA Palm Wax Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Palm Wax Market by Country, 2023 - 2029, USD Million
TABLE 39 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 41 LAMEA Luxury Candle Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Luxury Candle Market by Country, 2023 - 2029, USD Million
TABLE 43 Brazil Luxury Candle Market, 2019 - 2022, USD Million
TABLE 44 Brazil Luxury Candle Market, 2023 - 2029, USD Million
TABLE 45 Brazil Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 46 Brazil Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 47 Brazil Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 48 Brazil Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 49 Brazil Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 50 Brazil Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 51 Argentina Luxury Candle Market, 2019 - 2022, USD Million
TABLE 52 Argentina Luxury Candle Market, 2023 - 2029, USD Million
TABLE 53 Argentina Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 54 Argentina Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 55 Argentina Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Argentina Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Argentina Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 58 Argentina Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 59 UAE Luxury Candle Market, 2019 - 2022, USD Million
TABLE 60 UAE Luxury Candle Market, 2023 - 2029, USD Million
TABLE 61 UAE Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 62 UAE Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 63 UAE Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 64 UAE Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 65 UAE Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 66 UAE Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 67 Saudi Arabia Luxury Candle Market, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Luxury Candle Market, 2023 - 2029, USD Million
TABLE 69 Saudi Arabia Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 71 Saudi Arabia Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 73 Saudi Arabia Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 75 South Africa Luxury Candle Market, 2019 - 2022, USD Million
TABLE 76 South Africa Luxury Candle Market, 2023 - 2029, USD Million
TABLE 77 South Africa Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 78 South Africa Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 79 South Africa Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 80 South Africa Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 81 South Africa Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 82 South Africa Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 83 Nigeria Luxury Candle Market, 2019 - 2022, USD Million
TABLE 84 Nigeria Luxury Candle Market, 2023 - 2029, USD Million
TABLE 85 Nigeria Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 86 Nigeria Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 87 Nigeria Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 88 Nigeria Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 89 Nigeria Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 90 Nigeria Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 91 Rest of LAMEA Luxury Candle Market, 2019 - 2022, USD Million
TABLE 92 Rest of LAMEA Luxury Candle Market, 2023 - 2029, USD Million
TABLE 93 Rest of LAMEA Luxury Candle Market by Product, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Luxury Candle Market by Product, 2023 - 2029, USD Million
TABLE 95 Rest of LAMEA Luxury Candle Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA Luxury Candle Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 97 Rest of LAMEA Luxury Candle Market by Wax Type, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA Luxury Candle Market by Wax Type, 2023 - 2029, USD Million
TABLE 99 key Information – LVMH SE
TABLE 100 key information – Hermès International
TABLE 101 Key Information – Le Labo
TABLE 102 Key Information – Byredo
TABLE 103 key Information – Diptyque SAS
TABLE 104 Key Information – LUMIRA Co Pty Ltd
TABLE 105 Key Information – Ellis Brooklyn
TABLE 106 Key Information – Fornasetti S.P.A.
TABLE 107 Key Information – E&B Parfums SL
TABLE 108 Key Information – Trudon
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, Oct) Leading Players
FIG 5 Recent strategies and developments: Diptyque SAS