The soy candle market will experience a commercial boom: Portmeirion Group, Village Candle, Lalique Group


This press release was originally issued by SBWire

New Jersey, United States — (SBWIRE) – 08/18/2022 – The latest published study of the Global Soy Candles Market by AMA Research assesses the market size, trend and forecast to 2027. The Soy Candles market study covers important research data and proves to be a handy reference document for managers, analysts, industry experts, and other key people to have a ready-to-access, self-analyzed study to help understand trends of the market, growth drivers, upcoming opportunities and challenges and about competitors.

Key players in this report include:
Village Candle (USA), Portmeirion Group PLC (UK), Bath and Body Works (USA), Newell Brands (USA), MVP Group International, Inc. (USA), Thymes, LLC (USA), NEST New York (USA), L Brands (USA), Lalique Group (Switzerland), Estee Lauder Companies Inc (USA), Candle-lite (USA), Reckitt Benckiser Group plc (UK), BeCandle (China), The Yankee Candle Company (US0 and Wax and Mèche (US)

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The soy candle market was mainly driven by rising living standards around the world. The demand for soy candles has also increased due to its therapeutic benefits following lifestyle changes that cause stress and related illnesses. The market has benefited from the recent boom in the hospitality industry. Soy wax, a refined version of soybean oil, is used to make soy candles. Since soy wax often has a lower melting point than conventional waxes, they are normally container candles, but can also be made into pillar candles by adding particular ingredients to the soy wax.

Growth engines
– Increase restaurant demand for soy candles
– Increased demand for eco-friendly candles

Challenges and pitfalls
– Soy candles perform poorly in humid conditions, hampering market expansion

– A significant opportunity will arise from the increased use of soy candles for interior decoration and the increasing use of soy candles and scented candles in the massage parlor and spa

– Availability of substitute products will limit market expansion
– The rigidity of soy candle with various scented oils limits the expansion of the market

The Global Soy Candles Market segments and market data breakdown are illustrated below:
by application (interior decoration, restaurant, body spa and massage, others)

Market development activities
– On December 13, 2021, Global Consumer Acquisition Corp. signs commercial merger agreements with GP Global and Luminex to create a global care platform., On January 28, 2019, Zippo Manufacturing Company announced the acquisition of Northern Lights and on May 4, 2018, Gala Kerzen and Korona joined forces. partners, thanks to its relationship with Korona, GALA Kerzen is strengthening its presence in the United States and Europe. Global candle manufacturer Korona supplies a variety of private label products to well-known international companies.
– On June 7, 2021, the Candlelite company launched CBD-infused candles and wax melts under their Essential Elements brand, with the Kroger family of stores being the first retailer to carry the product. and On July 1, 2020, six new fragrances were added to Lalique’s Noir Premier line. Items also include the brand new Plume Blanche candle and fragrance, which featured a combination of jasmine, almond leaf and white musk.

The Global Soy Candles Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business-related strategies to help stakeholders make sound decisions that can help ensure the trajectory of earnings over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
– North America (United States, Mexico and Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
– -To carefully analyze and forecast the Soy Candles market size by value and volume.
– -To estimate the market shares of the main segments of the soy candle
– -To present the Soy Candle market development in different parts of the world.
– -To analyze and study the micro markets in terms of their contributions to the Soy Candle market, their prospects, and individual growth trends.
– -Offer accurate and useful details on factors affecting soybean candle growth
– -To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Soy Candle market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Main highlights of the table of contents:
Soy Candle Market Research Coverage:
– It includes major manufacturers, emerging player’s growth story and major business segments of Soy Candles market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
– Executive Summary of Soy Candles Market: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, together with macroscopic pointers.
– Soy Candles market production by region Soy Candles market profile of manufacturers-players is studied based on SWOT, their products, production, value, financials and other factors vital.
– Key points covered in the Soy Candle market report:
– Overview, Definition and Classification of Soy Candles Market Drivers and Barriers
– Soy Candle Market Competition by Manufacturers
– Impact Analysis of COVID-19 on the Soy Candles Market
– Soy Candles Capacity, Production, Revenue (Value) by Region (2021-2027)
– Soy Candles Supply (Production), Consumption, Export, Import by Region (2021-2027)
– Soy Candles Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
– Soy Candle Manufacturers Profiles/Analysis Soy Candle Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

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Answers to key questions
– How feasible is the Soy Candle Market for long-term investment?
– What are the factors influencing the demand for soy candles in the near future?
– What is the impact analysis of various factors on the growth of the global Soy Candles market?
– What are the recent regional market trends and how successful are they?
– Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Contact us:
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
Unit #429, Parsonage Road Edison, NJ
New Jersey United States – 08837

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