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Mexico Scented Candles Market Size, Share, Trends, Forecast: By Raw Material: Paraffin Wax, Soy Wax, Beeswax, Others; By Product: Container Based, Pillar, Others; By Distribution Channel: Hypermarkets and Supermarkets, Convenience Stores, Online Stores, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Mexico Scented Candles Market Outlook
The Mexico scented candles market size is projected to grow at a CAGR of 3.3% between 2024 and 2032. The growing trend of customisation and personalisation of scented candles is driving the market.
Key Takeaways
- Soy wax is expected to constitute a major portion of the Mexico scented candles market share.
- The rising popularity of container-based candles is expected to aid the market growth.
- Online stores are expected to become a popular destination for shopping scented candles in Mexico.
There is a growing popularity of scented candles among men, hence companies are focusing on incorporating masculine scents into their products. This includes the scent of leather, tomato, and tobacco cedar, among others. Moreover, companies are capitalising on the powerful ability of fragrances to evoke memory and naming their candles on nostalgic human experiences. This includes Friday Night Football and Summer Camp, among others.
By adding customised pictures and quotes on candles, customers get the opportunity to personalise their candles, which is further expected to drive the Mexico scented candles market expansion in the coming years.
The rising popularity of printed/colourful wooden wicks is one of the key Mexico scented candles market trends. This is because they do not produce excessive carbon and create a crackling sound while burning, which enhances the experience of comfort for consumers.
Sustainability has become a key concern for manufacturers of scented candles and many producers are exploring the potential of recyclable/reusable containers for packaging. Moreover, with the proliferation of e-commerce, consumer appeal for scented candles is increasing.
Key players are also offering free samples of scented candles along with the purchase of home décor products to enhance customer awareness, which is anticipated to fuel the Mexico scented candles market growth in the forecast period.
Market Segmentation
Mexico Scented Candles Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Raw Material
- Paraffin Wax
- Soy Wax
- Beeswax
- Others
Market Breakup by Product
- Container Based
- Pillar
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico scented candles market players are The Yankee Candle Company, Inc., LUMM, Alcali Mx, AMBIENTAIR AROMAS S.L., GRAN VELADA, Our Own Candle Company, and MVP Group International Company, Inc., 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 Raw Material |
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| Breakup by Product |
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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 Scented Candles Market Overview
8.1 Key Industry Highlights
8.2 Latin America Scented Candles Historical Market (2018-2023)
8.3 Latin America Scented Candles Market Forecast (2024-2032)
9 Mexico Scented Candles Market Overview
9.1 Key Industry Highlights
9.2 Mexico Scented Candles Historical Market (2018-2023)
9.3 Mexico Scented Candles Market Forecast (2024-2032)
10 Mexico Scented Candles Market by Raw Material
10.1 Paraffin Wax
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Soy Wax
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Beeswax
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Mexico Scented Candles Market by Product
11.1 Container Based
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Pillar
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Mexico Scented Candles Market by Distribution Channel
12.1 Hypermarkets and Supermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Mexico Scented Candles 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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 The Yankee Candle Company, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 LUMM
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Alcali Mx
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AMBIENTAIR AROMAS S.L.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 GRAN VELADA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Our Own Candle Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 MVP Group International Company, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Scented Candles Market: Key Industry Highlights, 2018 and 2032
2. Mexico Scented Candles Market: Key Industry Highlights, 2018 and 2032
3. Mexico Scented Candles Historical Market: Breakup by Material (USD Million), 2018-2023
4. Mexico Scented Candles Market Forecast: Breakup by Material (USD Million), 2024-2032
5. Mexico Scented Candles Historical Market: Breakup by Product (USD Million), 2018-2023
6. Mexico Scented Candles Market Forecast: Breakup by Product (USD Million), 2024-2032
7. Mexico Scented Candles Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Mexico Scented Candles Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Mexico Scented Candles Historical Market: Breakup by Region (USD Million), 2018-2023
10. Mexico Scented Candles Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Mexico Scented Candles Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.3%between 2024 and 2032.
The different distribution channels in the market include hypermarkets and supermarkets, convenience stores, and online stores, among others.
The major products in the market include container based and pillar, among others.
The different raw materials used to make scented candles are paraffin wax, soy wax, and beeswax, 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 The Yankee Candle Company, Inc., LUMM, Alcali Mx, AMBIENTAIR AROMAS S.L., GRAN VELADA, Our Own Candle Company, and MVP Group International Company, Inc., among others.
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