Vietnam and Philippines Candles

Vietnam and Philippines Candles Market Research Report: Forecast (2022-27)

By Candle Type (Pillar Candle, Taper Candle, Votives, Tea lights, Floaters), By Raw Material (Paraffin Wax, Soy Wax, Gel Wax, Beeswax, Palm Wax, Others), By Price Range (Low, Medium, High), By Distrib Read more

  • FMCG
  • Apr 2022
  • 162
  • CG10203

Market Definition

Candles are swiftly regaining their popularity across the household, commercial sectors, & other places, principally due to their therapeutic, relaxing, aromatic, and aesthetic effects. As a result, the candle industry in Vietnam & Philippines is gaining immense momentum and witnessing the active participation of numerous candle manufacturers in developing & distributing different varieties of candles and promoting their sales across these countries.

Market Insights

The Vietnam & Philippines Candles Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the increasing inclination of people toward enhancing the aesthetics of their homes & other facilities entwined with their improving economic conditions, changing living standards, and growing preference for measuring the quality of life, i.e., surging the demand for candles and driving the market. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
Key Companies Profiled Alice Blue Candle, Bath & Body Works Direct, Inc., Creative Lights Viet Nam Corporation, Caro Candles Company Limited, Doc's Candles, Fleming International Vietnam Ltd., Happy Island Candle Co., Nguyen Quang Minh Candle, Peony Home, Universal Candle Vietnam Corporation, Vietnam International Victory Co. Ltd., Vayao Wax Manufacturing Inc., Yankee Candle
Unit Denominations USD Million/Billion


Besides, the easy & extensive availability of candles across Vietnam & Philippines through different sales channels like online platforms and specialty stores or gift shops, home decor stores, etc., is attracting a massive consumer base & augmenting the overall market growth. In addition, the surging use of candles across the commercial sector like spa & massage centers for aroma & therapeutic remedies, restaurants & cafes for aesthetics, and many other spaces to enhance the overall ambiance for customers is another crucial aspect projected to boost the market through 2027. 

Moreover, as Vietnam relies heavily on the international market or business, it is encouraging the leading market players to come up with innovative candles for international customers, which, in turn, would generate lucrative growth prospects for the market in the coming years. Furthermore, the frequent application of candles for religious, decorative, & aromatic purposes, among others, is expected to remain the prevalent driver for the Vietnam & Philippines Candles Market during 2022-27.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Macroeconomic Outlook
  5. Impact of Covid-19 on Vietnam and Philippines Candle Market
  6. Vietnam and Philippines Candle Market Outlook, 2017-2027F
    1. Market Size and Analysis
      1. By Revenue
    2. Market Share and Analysis
      1. By Candle Type
        1. Pillar Candle
        2. Taper Candle
        3. Votives
        4. Tea lights
        5. Floaters
      2. By Raw Material
        1. Paraffin Wax
        2. Soy Wax
        3. Gel Wax
        4. Beeswax
        5. Palm Wax
        6. Others
      3. By Price Range
        1. Low
        2. Medium
        3. High
      4. By Distribution Channel
        1. Online
        2. Offline
          1. Specialty or Gift Shops
          2. Home Decor Stores
          3. Others
      5. By Company
        1. Revenue Shares
        2. Competition Characteristics
        3. Competitor Placement in MarkNtel Advisors’ Quadrant
  7. Vietnam and Philippines Candle Market Key Strategic Imperatives for Success and Growth
  8. Vietnam and Philippines Candle Market Trends and Insights
  9. Vietnam and Philippines Candle Market Challenges and Restraints
  10. Vietnam and Philippines Candle Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  11. Vietnam and Philippines Candle Services Market, Customer Buying Behavior
    1. Factors Influencing Customer’s Decision
    2. Priority Matrix of Customer’s Need
    3. Customer and Service Provider Proximity Analysis
  12. Vietnam and Philippines Candle Market Porter’s Five Forces Analysis
  13. Vietnam and Philippines Candle Market Pricing Analysis
  14. Competitive Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research and Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Alice Blue Candle
      2. Bath and Body Works Direct, Inc.
      3. Creative Lights Viet Nam Corporation
      4. Caro Candles Company Limited
      5. Doc's Candles
      6. Fleming International Vietnam Ltd.
      7. Happy Island Candle Co.
      8. Nguyen Quang Minh Candle
      9. Peony Home
      10. Universal Candle Vietnam Corporation
      11. Vietnam International Victory Co. Ltd.
      12. Vayao Wax Manufacturing Inc.
      13. Yankee Candle
      14. Others
  15. Disclaimer
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