Candles Industry 2019
Candles are the best sources of light and brightness and are made of wax and a wick. The wick consumes in a flame emanating light through slender activity. About one-fourth of the vitality from flame consuming is disseminated as warmth and the rest as light to the environment. The wax from which candles are made originates from different sources, for example, paraffin, vegetables, and animals. The wax from beehives, called beeswax, is accepted to be the primary wax at any point utilized in making candles. These days, the most widely recognized material is paraffin, which is gotten from the partial refining of unrefined petroleum. The worldwide candles market is required to enlist a CAGR of 4.26% to reach the valuation of USD 13,006.9 million by the year 2023.
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The global candles market has been segmented on the basis of material type, category, and distribution channel and regional demand. Based on its category, the global candles market has been segmented into economical candles and luxury candles. On the basis of its distribution channel, the global candles market is divided as store-based and non-store-based. On the basis of its material type, the global candles market has been categorized into vegetable wax, paraffin wax, synthetic wax, and animal wax.
Geographically, the global candles market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
The Yankee Candle Company, Inc. (US), Candle-lite (US), Armadilla Wax Works, Inc. (US), Colonial Candle (US), and Bath & Body Works Direct, Inc. (US), Dianne’s Custom Candles, LLC (US), Dandong Everlight Candle Industry Co., Ltd (China), ZHONG Nam Industrial (International) Co., Ltd (Hong Kong), Empire Candle Co., LLC (US), BeCandle (Hong Kong), SC Johnson & Son, Inc. (US), among others, are some of the major players in the global candles market.
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Table Of Content – Major key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Candles Market, by Material Type
7 Global Candles Market, by Category
Latest Update Of Consumer Goods Industry 2019:
The influential forces of consumer decision making are rapidly altering the landscape of the consumer goods industry. The age-old adage, ‘the consumer is the king’ resonates with every trade being executed under the sun. The practice of consumerism is gaining precedence among other factors which are significantly escalating the growth of the consumer goods industry. The adoption of consumer micro-segmentation technique is allowing consumers to precisely address their needs. This is aiding vendors to understand consumer preferences, which help them design effective products and develop the value-based supply chain. Consumer micro-segmentation has generated enormous scope for new product launches, that is amplifying the expansion of all markets concerning consumer goods.
Customer satisfaction is of paramount importance. Hence, the consumer micro-segmentation also assisting to develop masstige market is prompting the consumer goods industry growth. For example, a New Zealand-based dairy company, Fonterra, returns in the Indian market, taking the value-added product route, as it chose to work with Amul and Mother Dairy, those dominate in the packet milk segment. The soaring utility of durable, non-durable, and services is escalating the growth of all markets trading in consumer goods. The surging need for all types of consumer goods coupled with technical advancements like employing artificial intelligence and Internet of Things for an efficient supply chain is fostering the consumer goods market growth.
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