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The Peru candle market size is projected to grow at a CAGR of 4.4% between 2024 and 2032. The market is being driven by the growing popularity of multisensory candles and the rising trend of sustainability.
Many companies are focusing on creating innovative candles that mimic famous artists, food items, or other objects, which is contributing towards their increasing popularity in the Peruvian market. Moreover, sustainability is emerging as one of the key themes in the market, with companies utilising palm wax, beeswax, and other sustainable raw materials to make candles. This enhances the consumer appeal for candles, which waft a natural scent and leave no carbon residues behind. This is expected to drive the Peru candle market expansion over the forecast period.
Multisensory candles have become highly popular due to their ability to attract various human senses through their noise, smell, and music. Subscription-based candle service providers are witnessing a huge surge in demand for personalised candles. The rise of candle-making kits is also driving the Peru candle market growth as consumers are focusing on self-manufacturing customised candles within their homes.
The increasing demand for organic and cruelty-free candles is also emerging as a key driver of the Peru candle market growth as consumers are shifting towards the usage of natural products and ingredients to minimise their environmental footprint.
Peru Candle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Raw Material
Market Breakup by Distribution Channel
The key Peru candle market players are PATAGONIA CANDLES, and The Yankee Candle Company, Inc., among others.
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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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)
9 Peru Candle Market Overview
9.1 Key Industry Highlights
9.2 Peru Candle Historical Market (2018-2023)
9.3 Peru Candle Market Forecast (2024-2032)
10 Peru 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 Peru 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 Peru 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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 PATAGONIA CANDLES
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 The Yankee Candle Company, Inc.
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 Others
16 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. Peru Candle Market: Key Industry Highlights, 2018 and 2032
3. Peru Candle Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Peru Candle Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Peru Candle Historical Market: Breakup by Raw Material (USD Million), 2018-2023
6. Peru Candle Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
7. Peru Candle Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Peru Candle Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Peru Candle Market Structure
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The different raw materials in the market include beeswax, palm wax, soy wax, and paraffin wax, among others.
The different segments considered in the market report are Pillars, votive, tapers, and container candles, among others.
The key market players are PATAGONIA CANDLES, and The Yankee Candle Company, Inc., among others.
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