Market Forecast By Product Type (Votive, Container Candle, Pillars, Tapers, Others), By Wax (Paraffin, Soy Wax, Beeswax, Palm Wax, Others), By Distribution Channel (Offline, Online) And Competitive Landscape
Product Code: ETC048860 | Publication Date: Dec 2022 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Candle market currently, in 2023, has witnessed an HHI of 2175, Which has decreased slightly as compared to the HHI of 3241 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Arab Emirates (UAE) Candle Market is anticipated to reach new heights in the next five years. The sector growth is attributed to rising population, growing awareness regarding the organic health remedies and growth in disposable incomes are some factors that are stimulating the market evolvement.
According to 6Wresearch, the United Arab Emirates (UAE) Candle Market size is anticipated to evolve during 2022-2028. This sector is emerging effortlessly in the nation. The country has the highest spending on candles across the world. The sector growth is attributed to rising population, growing awareness regarding the organic health remedies and growth in disposable incomes are some factors that are stimulating the market evolvement. There are numerous types of candles available in the market in different designs and colours which easily catch the attention of consumers, this in turn is boosting the development of this industry. The rising popularity of candles as a lighting and decoration option in both commercial and residential spaces is booming the industry. There is also an increasing demand for candles from the people visit this nation. Increase in disposable incomes is the key factor stimulating the sector development. The number of people preferring eco-friendly and organic candles is rising which in turn boosting the growth of this industry. People do not think much before spending on candles owing to the growth in disposable incomes. Players operating in this industry are focusing on meeting the needs of people in the best way which is supporting this market to gain more success in the nation. The United Arab Emirates (UAE) Candle Market share will boost in the near future owing to the many growth factors of this industry.
The United Arab Emirates (UAE) Candle Market which is a major part of Middle East Candle Market came across several challenges when pandemic hit. The sector is not the one that offers the most essential services and products and this led to a massive decline in the evolvement of this industry during the pandemic. Pandemic was the toughest time for almost all industries operating in the world. Candles are used for lighting and decoration purposes and there was no significant need for decoration when pandemic hit as people were spending time in their homes. This led to a massive reduction in the deamd for candles in the country.
Based on product type, the Candle Market in United Arab Emirates is divided into Votive, Container Candle, Pillars, Tapers, and Others. In the industry, all these sectors are making continuous progress.
Based on wax, the United Arab Emirates (UAE) Candle Industry is segmented into Paraffin, Soy Wax, Beeswax, Palm Wax, and Others. Among these, the soy wax segment is growing in the industry and it will continue evolving in the sector.
Based on distribution channel, the industry in UAE is classified into Offline, and Online. The online distribution channel is currently dominating the industry. It will continue dominating the industry owing to the rise in digitalization.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Candle Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Candle Market Revenues & Volume, 2021 & 2028F |
3.3 United Arab Emirates (UAE) Candle Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Candle Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Candle Market Revenues & Volume Share, By Product Type, 2021 & 2028F |
3.6 United Arab Emirates (UAE) Candle Market Revenues & Volume Share, By Wax, 2021 & 2028F |
3.7 United Arab Emirates (UAE) Candle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F |
4 United Arab Emirates (UAE) Candle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Candle Market Trends |
6 United Arab Emirates (UAE) Candle Market, By Types |
6.1 United Arab Emirates (UAE) Candle Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Product Type, 2018 - 2028F |
6.1.3 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Votive, 2018 - 2028F |
6.1.4 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Container Candle, 2018 - 2028F |
6.1.5 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Pillars, 2018 - 2028F |
6.1.6 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Tapers, 2018 - 2028F |
6.1.7 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Others, 2018 - 2028F |
6.2 United Arab Emirates (UAE) Candle Market, By Wax |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Paraffin, 2018 - 2028F |
6.2.3 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Soy Wax, 2018 - 2028F |
6.2.4 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Beeswax, 2018 - 2028F |
6.2.5 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Palm Wax, 2018 - 2028F |
6.2.6 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Others, 2018 - 2028F |
6.3 United Arab Emirates (UAE) Candle Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Offline, 2018 - 2028F |
6.3.3 United Arab Emirates (UAE) Candle Market Revenues & Volume, By Online, 2018 - 2028F |
7 United Arab Emirates (UAE) Candle Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Candle Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Candle Market Imports from Major Countries |
8 United Arab Emirates (UAE) Candle Market Key Performance Indicators |
9 United Arab Emirates (UAE) Candle Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Candle Market Opportunity Assessment, By Product Type, 2021 & 2028F |
9.2 United Arab Emirates (UAE) Candle Market Opportunity Assessment, By Wax, 2021 & 2028F |
9.3 United Arab Emirates (UAE) Candle Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F |
10 United Arab Emirates (UAE) Candle Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Candle Market Revenue Share, By Companies, 2021 |
10.2 United Arab Emirates (UAE) Candle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |