UK Candle Market Insights Forecasts to 2033

• The UK Candle Market Size was valued at USD 733.23 Million in 2023.
• The Market Size is Growing at a CAGR of 8.53% from 2023 to 2033
• The UK Candle Market Size is expected to reach USD 1,662.24 Million by 2033

The UK Candle Market is anticipated to exceed USD 1,662.24 Million by 2033, Growing at a CAGR of 8.53% from 2023 to 2033.

Market Overview

Candle, a source of light now frequently used for decorative and ceremonial purposes. Wax, tallow, or other slow-burning substance that makes up a candle. It is often shaped like a cylinder but can also take on a variety of creative shapes, and it is saturated with fibrous wick. In the United Kingdom, candles are available in several types and brands and are utilized by homeowners as well as business customers. Individual consumers, young consumers, and those with a passion for scents, mental health practices, and consistent mind-body health rituals are more likely to utilize scented container-based candles manufactured of premium-grade paraffin wax, or naturally sourced beeswax, when applicable. In corporate centers and luxurious hotels owing to renowned hotel chains, candles are used in both scented and aesthetically pleasing ways at theme-based restaurants and eateries, clubs, friendly community bakeries, spas, physiology centers, therapy centers, mindfulness groups, and other commercial places. Additionally, the usage of scented and taper candles in work spaces has improved the aesthetic presentation, which has led to increased demand patterns for the UK candle market.

Report Coverage

This research report categorizes the market for the UK candle market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the UK candle market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK candle market.

Driving Factors

The rising focus on home aesthetics and ambiance propels the demand for candles as decorative accessories and contributes to the growth of the market. Furthermore, the increasing awareness of the therapeutic benefits of aromatherapy boosts the expansion of the candle market as consumers search for relaxation, stress relief, and mood augmentation through fragrances. Additionally, the rising customer preference for eco-friendly candles produced from sustainable materials like soy wax or beeswax as a result of increased environmental consciousness drives market expansion. Moreover, holidays and seasonal events improve the market for candles by increasing demand for them as decorative as well as gift items.

Restraining Factors

Candlemakers may face difficulties due to strict rules about product safety, labeling specifications, and standards for the environment, this may hinder the growth of the market. Furthermore, the worries regarding indoor air quality and possible health hazards related to burning candles, like air pollution and respiratory irritation from fragrance chemicals can hamper the market growth.

Market Segmentation

The UK candle market share is classified into product, wax type, and distribution channel.

• The votive segment is expected to hold the largest market share through the forecast period.   

The UK candle market is segmented by product into votive, container candle, pillars, and tapers. Among these, the votive segment is expected to hold the largest market share through the forecast period. Generally, votive candles are used as votive contributions in various cultural traditions. Influencers and companies frequently offer these kinds of products for lighting and décor in today's marketplaces. These candles are used by both companies and individual shoppers for their desired ambiance and calm decor charms.

• The paraffin segment dominates the market with the largest market share over the predicted period.

The UK candle market is segmented by wax type into paraffin, soy wax, beeswax, and palm wax. Among these, the paraffin segment dominates the market with the largest market share over the predicted period. Paraffin is commonly used by manufacturers to make scented candles or luxury candles. Marketers have been worried about raising awareness of the fact that paraffin-based candles have a greater potential for maintaining scents.

• The offline segment is expected to hold the largest share of the UK candle market during the forecast period.       

Based on the distribution channel, the UK candle market is divided into offline and online. Among these, the offline segment is expected to hold the largest share of the UK candle market during the forecast period. The main benefit of getting candles offline is that customers can view the item in person before purchasing a candle and can have it delivered right away. The presence of branded candles and product portfolios provided by companies in the market has led to improved visibility and better revenue generation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the UK candle market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Aja Botanicals
• Stoneglow Candles
• True Grace
• The Candle Brand
• Cotswold Candle
• Shearer Candles
• RACHEL VOSPER
• The London Candle
• POTT Candles 
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United Kingdom, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the UK candle market based on the below-mentioned segment

UK Candle Market, By Product

• Votive
• Container Candle
• Pillars
• Tapers

UK Candle Market, By Wax Type

• Paraffin
• Soy Wax
• Beeswax
• Palm Wax

UK Candle Market, By Distribution Channel

• Offline
• Online