The luxury candle market in Europe is expected to grow from US$ 114.99 million in 2021 to US$ 161.63 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.
The home furnishing and home decor sector has seen significant expansion in recent years, owing to an increase in people's interest in making their living spaces more pleasant and homely. Moreover, people spent more time inside their houses due to the outbreak of COVID-19 and stay-at-home mandates. As a result, many people began to redecorate and modify their homes. This resulted in increased sales of home decor items such as curtains, pillows, lamps, vases, and candles. Due to the closure of brick-and-mortar stores and the rising preference of many consumers for online retail platforms such as Amazon, e-commerce sales of home decor products increased dramatically. Consumers are looking for new ways to brighten up their living spaces; therefore, sales of home decor items are projected to increase significantly in the coming years. Candles are an important element of celebrations, festivities, and home decor. They enhance the ambiance and add a finishing touch to the overall decoration. Moreover, candles suit any home decor theme, which make them versatile home decor products. Thus, the rapidly expanding home decor industry is significantly boosting the growth of the Europe luxury candle market.
In Europe, France, Russia, the UK, Italy, and Germany are among the worst-hit countries by the COVID-19 pandemic. These countries suffered from economic downfall due to restrictions on industrial activities because of lockdowns and border restrictions. The beauty and wellness industry across the region suffered huge losses as people preferred buying essential goods over non-essential and luxury commodities. However, the sales of scented candles surged in countries such as the UK, France, and Italy as people started engaging themselves in meditation, yoga, reading, and home decoration. This factor is projected to open lucrative opportunities for the luxury candle market across Europe.
Europe Luxury Candle Market Revenue and Forecast to 2028 (US$ Million)
Europe Luxury Candle Market Segmentation
Europe Luxury Candle Market – By Type
- Regular
- Scented
Europe Luxury Candle Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Europe Luxury Candle Market– By Country
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Europe Luxury Candle Market-Companies Mentioned
- Acqua di Parma S.r.l.
- Diptyque
- HERMES
- Louis Vuitton
- Maison Francis Kurkdjianare
- Newell Brands
- Parfums de Marly
- SISLEY
- The Estée Lauder Companies Inc.
Europe Luxury Candle Market Strategic Insights
Europe Luxury Candle Market Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 114.99 Million |
| Market Size by 2028 | US$ 161.63 Million |
| CAGR (2021 - 2028) | 5.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Luxury Candle Market Country and Regional Insights
