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Mexico Candle Market Size, Share, Growth, Trends, 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; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Mexico Candle Market Outlook
The Mexico candle market size is projected to grow at a CAGR of 4.0% between 2024 and 2032. The market is being driven by the rising demand for candles from e-commerce platforms and the development of eco-friendly candles.
Key Takeaways:
- Online distribution channels are expected to dominate the Mexico candle market.
- Beeswax is expected to constitute a major portion of the market share.
- The demand for crystal-infused candles and tech-integrated candles is increasing rapidly in Mexico.
The rising demand for traditional Mexican candles owing to their rich scents and floral designs is one of the key Mexico candle market trends. These 5-foot-tall candles are made from various natural ingredients like soy wax, red clay, and beeswax, among others. This is boosting the demand for traditional candles in weddings, birthdays, and other important ceremonies in the Mexican culture, thereby driving the market growth.
Social media is playing a key role in promoting candles inspired by Mexican culture. For instance, local manufacturers in Texas, the United States, manufacture Mexican-style candles with unique designs and scents, attracting a huge number of American and Mexican consumers.
Increasing consumer awareness about renewable energy sources has prompted an increase in demand for eco-friendly candles manufactured from vegetable-derived wax such as soy wax and palm wax. This is expected to drive the Mexico candle market growth in the coming years.
The rise of scented candle subscriptions has emerged as a popular option among many Mexican consumers looking to celebrate traditional festivals and important events at home. These subscription services are convenient and provide flexible pricing options while ensuring free delivery of candles at home, further propelling the market expansion.
Market Segmentation
Mexico Candle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product 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
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico candle market players are Veladoras Induvelsa, LUMM, Alcali Mx, Velas Candle Elegance, Luz Y Tierra, The Yankee Candle Company, Inc., MVP Group International Company, Inc., Our Own Candle Company, GRAN VELADA, and AMBIENTAIR AROMAS S.L., among 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:
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| Breakup by Product Type |
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| Breakup by Raw Material |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| 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 Others
9 Mexico Candle Market Overview
9.1 Key Industry Highlights
9.2 Mexico Candle Historical Market (2018-2023)
9.3 Mexico Candle Market Forecast (2024-2032)
10 Mexico 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 Mexico 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 Mexico 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 Mexico Candle Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Veladoras Induvelsa
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 LUMM
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Alcali Mx
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Velas Candle Elegance
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Luz Y Tierra
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 The Yankee Candle Company, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 MVP Group International Company, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Our Own Candle Company
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 GRAN VELADA
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 AMBIENTAIR AROMAS S.L.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 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. Mexico Candle Market: Key Industry Highlights, 2018 and 2032
3. Mexico Candle Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Mexico Candle Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Mexico Candle Historical Market: Breakup by Raw Material (USD Million), 2018-2023
6. Mexico Candle Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
7. Mexico Candle Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Mexico Candle Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Mexico Candle Historical Market: Breakup by Region (USD Million), 2018-2023
10. Mexico Candle Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Mexico Candle Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.0% between 2024 and 2032.
The different distribution channels in the market include online and offline.
The major raw materials used in candle include beeswax, palm wax, soy wax, and paraffin wax, among others.
The different product types considered in the market report are pillars, votive, tapers, and container candles, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Veladoras Induvelsa, LUMM, Alcali Mx, Velas Candle Elegance, Luz Y Tierra, The Yankee Candle Company, Inc., MVP Group International Company, Inc., Our Own Candle Company, GRAN VELADA, and AMBIENTAIR AROMAS S.L., among others.
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