The global wax melts market is expected to reach USD 6.13
billion by 2025, according to a new report conducted by Grand View Research,
Inc. The growing usage of air care and hygiene will drive the demand for wax
melts in residential and commercial buildings over the upcoming years.
Furthermore, the absence of harmful emissions and exposed flames, make wax
melts an eco-friendly and safer option which will further fuel its demand over
the upcoming years.
Wax melts are expected to witness significant rise over the
forecast period on account of increasing demand for air fresheners and aromatherapy.
The growing consumer awareness regarding environmental and health hazards,
which has grown due to the usage of aerosol sprays, will drive the product’s
demand over the forecast period.
Growing requirement for long lasting fragrances coupled with
low cost of the product as compared to alternatives, such as reed diffusers and
aerosol fragrance products, will increase market size over the upcoming years.
Furthermore, the availability of various scents and product sizes will promote
industry growth over the next nine years.
Browse full research report on Wax Melts Market http://www.grandviewresearch.com/industry-analysis/wax-melts-market
Further key findings from the report suggest:
- The
global wax melts industry demand is expected to grow significantly owing
to the positive outlook towards aromatherapy and air care in countries
including the U.S., China, Germany, and the UK
- Asia
Pacific is projected to be the fastest growing market at a CAGR of 12.3%
from 2016 to 2025 on account of high preference for air care products in
Japan, China, and Australia. Significant growth of end-user sectors, such
as home décor and aromatherapy, are some of the major driving factors for
market expansion in the region.
- The
aromatherapy industry is gaining popularity especially in countries, such
as Thailand, Malaysia, and India, as a large number of people are opting
for rejuvenation, spa, and other related services to relieve stress owing
to busy lifestyles. The abovementioned factor is expected to promote
industry growth over the next nine years.
- The
industry is fragmented in nature as a result of the presence of numerous
large and small scale manufacturers in the U.S. and the UK. Key
participants include Yankee Candle, Scentsy, SC Johnson, Reckitt
Benckiser, and Rimports Limited.
- In
July 2016, The Yankee Candle Company collaborated with U.S.-based IT
company, Aptos, Inc., for streamlining and optimizing its multi-channel
retail operations. This strategic move is likely to help the company
strengthen its global reach.
Grand View Research has segmented the global wax melts
market on the basis of region and country:
Regional Outlook (Revenue, USD Million; 2014-2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Asia
Pacific
- China
- Central
& South America
- Brazil
- MEA
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-wax-melts-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more Info: www.grandviewresearch.com
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