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Colombia Candle Market Size, Share, Growth, Analysis: By Product Type: Pillars, Votive, Tapers, Container Candles, Others; By Raw Material: Beeswax, Palm Wax, Soy Wax, Paraffin Wax, Others; By Distribution Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Colombia Candle Market Outlook
The Colombia candle market size is projected to grow at a CAGR of 4.10% between 2024 and 2032.
Key Takeaways
- In the year 2022, Colombia imported $3.79M worth of candles, ranking as the 69th biggest importer of candles globally.
- The majority of Colombia's candle imports come from the United States.
- From 2021 to 2022, the United States, China, and Mexico emerged as the top import markets for Candles in Colombia, with values of $136k, $998k, and $44.1k respectively.
The Colombia candle market growth is driven by the surging popularity of scented candles, the expansion of online stores, and increased consumer investment in home decor. Scented candles are driving the market as they provide fragrance, create a soothing atmosphere, and illuminate the surroundings. The demand for candles from restaurants and spas is also expected to contribute to the market growth. Festivities like Christmas and Día de la Velita play a significant role in driving sales, with locals contributing more during these seasons, creating opportunities for market expansion and substantial revenue generation.
As per the Colombia candle market analysis, the integration of 3D printing technology into the candle manufacturing sector has revolutionised the way manufacturers create and design their products. Traditionally, candle making involved manual labour and limited design options. However, with the advent of 3D printing, manufacturers can now create intricate and complex designs that were previously unimaginable. This technology enables them to experiment with various shapes, patterns, and textures, giving rise to a whole new level of artistic expression in the market.
Furthermore, the expansion of online platforms presents an excellent opportunity for candle manufacturers to expand their consumer base. Online stores offer a wide range of products, allowing people to compare prices and purchase a variety of candles at affordable rates.
Market Segmentation
Colombia Candle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Pillars
- Votive
- Tapers
- Container Candles
- Others
Market Breakup by Raw Material
- Beeswax
- Palm Wax
- Soy Wax
- Paraffin Wax
- Others
Market Breakup by Distribution Channel
- Online
- Offline
Competitive Landscape
The market participants are directing their attention towards the manufacturing of fragrant candles, while simultaneously striving to make sustainable products using materials like beeswax in order to attain a competitive advantage.
- Bath & Body Works Direct, Inc.
- S.C. Johnson and Son,
- Velas Luz de America
- CERERÍA SAGRADO CORAZÓN
- Standard Commerce Company SAS (The Candle Shop)
- VELAS Y VELONES CRISTAL SAS
- CERERÍA LA NACIONAL
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Raw Material |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Candle Market Overview
8.1 Key Industry Highlights
8.2 Latin America Candle Historical Market (2018-2023)
8.3 Latin America Candle Market Forecast (2024-2032)
8.4 Latin America Candle Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Candle Market Overview
9.1 Key Industry Highlights
9.2 Colombia Candle Historical Market (2018-2023)
9.3 Colombia Candle Market Forecast (2024-2032)
10 Colombia Candle Market by Product Type
10.1 Pillars
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Votive
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Tapers
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Container Candles
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Colombia Candle Market by Raw Material
11.1 Beeswax
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Palm Wax
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Soy Wax
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Paraffin Wax
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Colombia Candle Market by Distribution Channel
12.1 Online
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offline
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code: 3303)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Bath & Body Works Direct, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 S.C. Johnson and Son,
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Velas Luz de America
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 CERERÍA SAGRADO CORAZÓN
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Standard Commerce Company SAS (The Candle Shop)
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 VELAS Y VELONES CRISTAL SAS
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 CERERÍA LA NACIONAL
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Candle Market: Key Industry Highlights, 2018 and 2032
2. Colombia Candle Market: Key Industry Highlights, 2018 and 2032
3. Colombia Candle Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Candle Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Candle Historical Market: Breakup by Raw Material (USD Million), 2018-2023
6. Colombia Candle Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
7. Colombia Candle Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Colombia Candle Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Colombia Candle Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.10% between 2024 and 2032.
The market is driven by the expansion of online platforms and the wide use of candles in spas and restaurants.
The key trends aiding the market expansion include the rising demand for scented candles and the incorporation of 3D printing technology in the production method.
The major types of candles are pillars, votive, tapers, and container candles, among others.
The major distribution channels in the market are online and offline.
The major players in the market are Bath & Body Works Direct, Inc., S.C. Johnson and Son, Velas Luz de America, CERERÍA SAGRADO CORAZÓN, Standard Commerce Company SAS (The Candle Shop), VELAS Y VELONES CRISTAL SAS, and CERERÍA LA NACIONAL, among others.
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