QYResearch: In 2016, the global production of candle reaches over 1676540 MT

QYR Research Report Market Survey and Research Industry Analysis

Contact

Beijing Hengzhou Bozhi International Information Consulting Web: qyresearchglobal.com | qyresearcheurope.com |

qyresearch.com | qyresearch.com/english | qyresearchjapan.com TEL:+86-13660489419, Office:+86-2086655165 Media: press@qyresearch.com

Marketing: sales@qyresearch.com

Facebook: @QYResearchOfficial, Twitter: @QYResearch_ Wechat Official Account: QYResearch, Weibo: 恒州博智

qyresearchglobal.com

QYResearch A candle is wax with an ignitable wick embedded that provides light, and in some cases, a fragrance. It can also be used to provide heat, or as a method of keeping time.

qyresearchglobal.com

QYResearch

Candle industry with distribution is different from other industry, consequently, this market faces some big challenges. Candle usage frequency needs to increase to reinvigorate sales, private label products present a growing threat to branded products. However, the high-end candle segment is the area that continues to see strong growth. As the low- and mid-cost candles continue to erode under the pressure of strong competition, the high-end segment continues to tap into the home decorating angle for increased sales. Utilizing less mainstream methods for distribution (such as mass merchandisers and retailers), these manufacturers have been able to position their products as luxury and true home decor items.

For the past few years, the candle industry grows smoothly. China is the main raw materials for the production of candle, meanwhile, combining with favorable tax policies and large number of available labor, at the same time, Chinese manufacturers are improving their technology, consequently, China is a major exporter of the candle in the future. Taking culture and religion into consideration, candle market has a certain potential in Europe, USA. qyresearchglobal.com

QYResearch

Over the past few years, improving incomes and the introduction of a variety of scented and colored candles has helped the industry recover from lows incurred during the recession. Going forward, the Candle Manufacturing industry is expected to continue benefiting from growing demand for candles domestically and abroad. In turn, this will be underpinned by rising disposable spending and a sustained preference for candles as scented and colored additives to rooms and households.

Barriers to entry in the Candle Manufacturing industry are low. Production inputs, such as wax, fragrances and colorants are cheap and relatively easy to source, enabling and encouraging entry during periods of high demand and promising profit margins. In addition, financing for a small production facility and relevant equipment is usually accessible, particularly during periods of low interest rates.

According to QYResearch, In 2016, the global production of candle reaches over 1676540 MT. It is expected to keep about 3.0%-3.7% in next 5 years. The consumption areas of candle are mainly North America and Europe. Europe is the largest consumer in the world, which occupied about 43.93% in 2015.

qyresearchglobal.com

QYResearch

The price of Candle is lower year by year from 2011 to 2016. The price is at about 2478 USD/MT in 2016. The product profit margin is about 27.14% in 2016, and it also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing. Overall, Candle maintained a high gross margin.

Among all applications, traditional field is expected to be the largest contributor to the overall Candle market in the future. The craft field application is estimated to have the highest growth potential during 2016 to 2021 in Candle market.

qyresearchglobal.com

QYResearch

The candle industry concentration is not high; there are several thousands of manufacturers in the world, and high-end products mainly from North America and Europe. QYR tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

More Info: http://www.qyresearchglobal.com/goods-805210.html

qyresearchglobal.com