During the primary research process, both supply-side and demand-side stakeholders were interviewed to gather qualitative and quantitative information. Supply-side sources included CEOs, VPs of Manufacturing, sustainability directors, and procurement heads from scented candle makers, wax suppliers, fragrance companies, and private label producers. Demand-side sources included category managers from big-box stores and specialty stores, directors of e-commerce platforms, proprietors of small candle shops, and scent buyers from home decor and lifestyle businesses. Primary research affirmed the timescales for sustainability initiatives, corroborated market segmentation, and provided information on changes in consumer preferences, price elasticity between mass and premium tiers, and omnichannel distribution strategies.
Primary Respondent Breakdown:
By Designation: C-level Primaries (28%), Director Level (35%), Others (37%)
By Region: North America (32%), Europe (29%), Asia-Pacific (33%), Rest of World (6%)
Global market valuation was derived through revenue mapping and production volume analysis. The methodology included:
Identification of 50+ key manufacturers across North America, Europe, Asia-Pacific, and Latin America
Product mapping across paraffin wax, vegetable wax (soy, coconut, palm), synthetic wax, and animal wax (beeswax) categories
Analysis of reported and modeled annual revenues specific to scented candle portfolios, segmented by mass and premium categories
Coverage of manufacturers representing 65-70% of global market share in 2024
Extrapolation using bottom-up (production volume × ASP by wax type and distribution channel) and top-down (manufacturer revenue validation) approaches to derive segment-specific valuations for store-based and non-store-based channels