Asia Pacific Luxury Candle Market Share by Size and Growth 2028

The luxury candle market in Asia-Pacific is expected to grow from US$ 100.19 million in 2021 to US$ 148.23 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

Manufacturers of luxury candles are focusing on product innovation strategies to expand their customer base. They are using vegetable wax such as soy wax, palm wax, and coconut wax instead of paraffin wax. Vegetable wax is a non-toxic and environment-friendly alternative to paraffin wax. Rising inclination toward vegetable wax over paraffin or petroleum-based wax due to growing environmental sustainability concerns is propelling manufacturers to launch vegetable wax-based candles. Manufacturers of luxury candles marketed comfort scents such as fir and sugar cookies during the early stages of the COVID-19 outbreak to alleviate people's discomfort and insecurity. They also concentrated on innovative packaging based on nostalgic trends, with jewel-toned hues and fascinating new textures, such as leather or stone, and unique vessels and candle containers. Furthermore, manufacturers are launching different candle wicks such as pure cotton wick and a wooden wick. Wooden wick is gaining popularity because of its crackling sound, which resembles a campfire or a wood-burning fireplace. Thus, rigorous product innovation is expected to open lucrative opportunities for the manufacturers of luxury candles during the forecast period, which is potentially driving the growth of the Asia-Pacific luxury candle market.

The COVID-19 pandemic severely affected many industries, including the beauty and wellness industry across Asia-Pacific, due to the shutdown of manufacturing units, disruption of supply chains, and raw material shortage. However, China was the first of all the Asia-Pacific countries to recover from losses due to rapid vaccination and effective government regulations. This is projected to positively impact the growth of the luxury candle market. Moreover, in countries such as India and China, traditional rituals and values of burning incense supported the demand for luxury candles even during the initial phase of the COVID-19 pandemic. Furthermore, the rising penetration of e-commerce platforms across the region is projected to boost the sales of luxury candles in the coming years.

Asia-Pacific Luxury Candle Market Revenue and Forecast to 2028 (US$ Million)

Asia-Pacific Luxury Candle Market Segmentation

Asia-Pacific Luxury Candle Market – By Type

Regular
Scented

Asia-Pacific Luxury Candle Market – By Distribution Channel

Supermarkets and Hypermarkets
Specialty Stores
Online Retail
Others

Asia-Pacific Luxury Candle Market– By Country

China
Japan
India
South Korea
Australia
Rest of Asia-Pacific

Asia-Pacific Luxury Candle Market-Companies Mentioned

Diptyque
HERMES
Louis Vuitton
Maison Francis Kurkdjian
Newell Brands
Parfums de Marly
SISLEY
The Estée Lauder Companies Inc.

Asia Pacific Luxury Candle Market Strategic Insights

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Asia Pacific Luxury Candle Market Segmentation Analysis

Asia Pacific Luxury Candle Market Report Highlights

Asia Pacific Luxury Candle Report Scope

Report Attribute	Details
Market size in 2021	US$ 100.19 Million
Market Size by 2028	US$ 148.23 Million
CAGR (2021 - 2028)	5.8%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Regular and Scented By Distribution Channel Supermarkets and Hypermarkets Specialty Stores Online Retail
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Diptyque HERMES Louis Vuitton Maison Francis Kurkdjian Newell Brands Parfums de Marly SISLEY The Est?e Lauder Companies Inc.