Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Reusable Candle Holder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
The global reusable candle holder market is poised for steady growth with a Compound Annual Growth Rate (CAGR) of approximately 11% during the period from 2024 to 2031. The increasing demand for reusable candle holders in residential and commercial sectors for enhancing interior decor is a key factor fueling this growth.
Factors Driving Demand for Reusable Candle Holder Market
- The evolving preferences of end-users for lightweight, reliable, and reusable products across various segments are expected to boost sales in the reusable candle holder market. Additionally, there has been a shift in the use of candle holders from purely functional items to decorative pieces in interior decor.
- The gift and wellness market is also contributing significantly to the demand for reusable candle holders. The desire for new designs and a variety of products in the candle holder industry, particularly for home decoration and gifting purposes, has led to a parallel growth in the sales of both candle holders and candles.
- However, the COVID-19 pandemic has had a cumulative impact on all industries, including the reusable candle holder market. The global health emergency disrupted long-term operations and significantly affected growth opportunities. Changing consumer preferences during the pandemic, with a focus on essential items, also influenced the demand for reusable candle holders.
Evolving Mindsets Likely to Augment Reusable Candle Holder Sales
Reusable candle holders have found new applications in the renewable energy sector, particularly in rural areas of developing countries with limited access to electrical sources of light. These candle holders are widely used in regional areas with high candle consumption.
Furthermore, as customers increasingly seek to reduce energy consumption, manufacturers are diversifying their product portfolios to align with evolving mindsets. This shift is expected to encourage further sales growth in the reusable candle holder market.
U.S. and Canada Reusable Candle Holder Market Outlook
In the U.S. and Canada, the reusable candle holder market is poised for growth due to rising demand for aesthetically pleasing products that contribute to creating inviting atmospheres. This demand is particularly prominent among the Catholic population.
Additionally, the evolving industries in North America are emphasizing domestic manufacturing to provide customers with superior, reliable, and innovative products, which further stimulates the demand for reusable candle holders.
Europe Demand Outlook for Reusable Candle Holder
Developing countries in Europe, including Germany, the Netherlands, and the U.K., are among the top importers of reusable candle holders. The market in Europe is characterized by the strong performance of products and a shift toward candle holders as decorative items in residential settings.
Furthermore, the presence of highly skilled artisans and reasonable trading values in the region is creating new sales opportunities, driving the growth of the reusable candle holder market.
Key Manufacturers and Suppliers of Reusable Candle Holder
- Samson Kamnik
- Welcome
- Rain Shine Enterprises
- Shandong Safety House Ware
- Jinjiang Jiaxing Supply Management
- Bath & Body Works Direct
- Rekindle
- Zibo Fory Glass
- Majestic Giftware
- Crate and Barrel
- Estal
Market Segmentation
By Material
- Glass
- Brass
- Metal
- Others
By Product Type
- Table-top Candle Holders
- Hanging Candle Holders
- Wall-mounted Candle Holders
By End-use
- Restaurants
- Religion Areas
- Residential
- Others
By Distribution Channels
- Wholesalers/Distributors
- Hypermarkets/Supermarkets
- Specialty Stores
- Interior Decorative Products Stores
- Online Retailers
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/7hx82a
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