Candle Market size is estimated to be USD 5.03 Billion in 2024 and is expected to reach USD 8.27 Billion by 2033 at a CAGR of 6.2% from 2026 to 2033.
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South Korea's candle market has undergone significant growth in recent years, driven by various factors including cultural shifts and increasing consumer demand for wellness products. This market is fueled by both local production and the increasing trend of imports from global brands, making it a dynamic and competitive industry. In particular, candles are no longer just products used for lighting but have become an integral part of home décor, lifestyle, and even self-care routines. These candles are often used for aromatherapy, relaxation, and as decorative pieces during holidays or special occasions.
The South Korean candle market is split into several key segments. Scented candles are the most popular category, driven by the growing interest in wellness and mindfulness. The trend toward organic and eco-friendly candles is also expanding rapidly, with consumers becoming more conscious about sustainability. Consumers are opting for soy-based, beeswax, and palm wax candles that are not only environmentally friendly but also burn cleaner and longer. Furthermore, the rise of customization in candles is capturing attention, with customers demanding candles that are tailored to their preferences in terms of scent, design, and packaging.
Industrial requirements for candles in South Korea have evolved over time as businesses look for products that meet higher standards of quality and efficiency. Candle manufacturers are now required to follow stringent safety protocols, particularly regarding the materials used in the production of candles. This includes using non-toxic dyes and fragrances, as well as ensuring that the candles do not emit harmful fumes when burned. Additionally, industries are now seeking more innovative ways to package candles, ensuring that packaging is both attractive and sustainable. For manufacturers, there's a growing emphasis on automation and scaling production processes without compromising the quality of the products.
As demand continues to rise, the South Korean candle market is seeing the entry of new players, from local artisanal makers to global giants. These companies are increasingly focused on innovation, offering unique blends of fragrances and candle types. In this competitive landscape, understanding consumer preferences and responding to the latest trends will be crucial for businesses aiming to succeed in the thriving South Korean candle market.
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Blyth
Jarden Corp
Colonial Candle
S. C. Johnson & Son
Chesapeake Bay Candle
Langley/Emprire Candle
Lancaster Colony
Armadilla Wax Works
Diannes Custom Candles
Bolsius
Gies
Vollmar
Kingking
Talent
Zhong Nam
Pintian Wax
Everlight
Allite
Candle-lite
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Candle Market
Jar Candles
Pillar Candles
Taper Candles
Votive Candles
Tealight Candles
Novelty Candles
Soy Wax Candles
Paraffin Wax Candles
Beeswax Candles
Vegetable Wax Candles
Gel Wax Candles
Floral
Fruity
Woody
Spicy
Citrus
Herbal
Residential Use
Commercial Use
Therapeutic Use
Decorative Use
Short Burn Time (Up to 10 hours)
Medium Burn Time (10-30 hours)
Long Burn Time (Above 30 hours)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Candle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Candle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Candle Market, By Type
6. South Korea Candle Market, By Application
7. South Korea Candle Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Candle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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