Candle market trends for 2025

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How Will the CAGR of the Scented Candle Market Influence Its Overall Growth by 2034?

In recent times, the size of the scented candle market has seen robust growth. The projected growth is from $4.11 billion in 2024 to $4.36 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%. Factors that contributed to this historical growth include aesthetic and decoration trends, wellness and stress alleviation, seasonal and festival demands, gifting and customization, and changing fragrance preferences.

Predictions suggest a solid expansion in the scented candle market in the upcoming years, scaling up to a hefty $5.63 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. The anticipated growth within this period can be ascribed to the increasing focus on wellness and mindfulness activities, scent innovations, variable demands during different seasons or occasions, customization offerings, and the growing emphasis on sustainable and eco-friendly approaches. The forecast period is also expected to witness specific trends like a holistic focus on well-being, the use of natural and botanical fragrances, limited-edition products, the introduction of distinct scent combinations, and the incorporation of activities encouraging therapy and mindfulness.
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