Fragrance Wax Melts Market, Trends, Revenue Share, Company Profiles, Launches, & Forecast Till 2026

The Fragrance Wax Melts Market is expected to reach USD 7.24 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with increasing demand for air freshness and hygiene in residential and commercial buildings. Based on statistics, the lack of exposed flames and harmful emissions, make wax melts an eco-friendly and reliable option which will further drive its demand over the expected years. The market for wax melts is anticipated to witness a significant rise over the forecast period on account of the growing demand for air fresheners and aromatherapy. The ever-increasing consumer awareness regarding health and environmental hazards, which has risen due to the usage of aerosol sprays, will spur the product's demand over the forecast period.

Fragrance wax melts, also known as Wax Tarts, are becoming more and more prevalent in the home fragrance market. They are available in several fragrances and designs. They can be presented as pot pouri or even ornaments, as well. Wax melts also give an excellent cold scent throw, which means it spreads fresh fragrance before they are warmed up. They are placed in an oil burner or a tart warmer that can be used for home fragrance or aromatherapy.  They can be slowly warmed up from a lamp light or any electric heating source as well.

Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/1337

Key participants include Yankee Candle, Reckitt Benckiser, SC Johnson, Rimports Limited, Scentsy, Michaels Stores, East Coast Candles, AFFCO, Candles by Victoria, Walmart Stores, Scentchips, and ScenSe, among others.

Major Points Covered in the Global Fragrance Wax Melts Market Report:

·       Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Fragrance Wax Melts market based on product type, technology landscape, and application range. 

·       Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.

·       Regional Analysis: In this section, the latest report highlights the extensive global presence of the Fragrance Wax Melts market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

·       Competitive Landscape: This section of the report highlights the key players in the global Fragrance Wax Melts market. It further emphasizes the leading products and services offered by these companies.

·       Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalogue, production value and capacity, and other vital information.

Further key findings from the report suggest

  • Wax melts are used as a home fragrance product and are easily available in different shapes, colors, and sizes. Moreover, growing product usage in commercial buildings, such as offices, shopping malls, and market complexes, will increase market development over the forecasted period.
  • Shifting inclination of consumers in developed countries towards natural products produced through environmentally sustainable methods is kindling up the demand for lavender essence.
  • The Lavender fragrance segment accounted for the largest market share of 46.49% in 2018.
  • Increasing consumption of premium products and improved standard of living of consumers, particularly in developing countries, are creating abundant growth opportunities for lavender oil manufacturers.
  • The online business type accounted for a higher share of 68.85% in 2018. Online retail stores organize events to increase sales through themed promotions, during birthdays, Christmas, which are supporting the sale of the wax melts through online retail stores.
  • The effortless shopping experience along with the dominance of private label brands and growing internet penetration is spurring consumers to buy fragrance wax melts online.
  • The Yankee Candle Company co-operated with U.S.-based IT company, Aptos, Inc., in July 2016 for streamlining and optimizing its multi-channel retail operations. This strategic move is expected to help the company establish its global reach.
  • Aromatherapy is an alternative medication therapy used to treat several disorders. The medical applications include skin-related problems, pain management, and cardiovascular diseases, cold & cough digestion problems, respiratory disorders, anxiety, immune system functioning, wound healing and insomnia.
  • The aromatherapy application is expected to grow with the highest CAGR of 12.3% during the forecast period.
  • The aromatherapy industry is gaining popularity especially in countries, such as Malaysia, Thailand, and India, as a vast number of people are opting for spa, rejuvenation, and other related services to reduce stress owing to busy lifestyles. It is proving to be a significant factor for market growth over the next few years.
  • Other regions such as North America accounted for a market share of 22.30% in 2018. Due to the presence of manufacturers in this region, the market is expected to grow steadily.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/fragrance-wax-melts-market

For the purpose of this study, Reports and Data have segmented the global Fragrance Wax Melts Market on the basis of Product, Fragrance type, application, Business type and region:

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Beeswax, Para-soy, Paraffin, Wax Blends, Soy, Palm

Fragrance type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Vanilla, Chocolate, Jasmine, Sandalwood, Lavender, Others

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Aromatherapy, Home, Offices, Commercial Buildings

Business Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

Online, Offline

Ask For Discount: https://www.reportsanddata.com/discount-enquiry-form/1337

Regional Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • South-east Asia
  • Latin America
    • Brazil
  • MEA

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Aseptic Packaging Market Analysis

Industrial Vaseline Market Growth Rate

EMI Shielding Market Share

Aqueous Coating System Market Forecast

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com/

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports

Connect with us:  Facebook| LinkedIn | Twitter

Read More Related Reports:

Friction Modifiers Market Demands

Caprolactam Market Manufacture

Paper Pigments Market Trends

Phase Transfer Catalyst Market Analysis

Dimethylformamide (DMF) Market Growth Rate

Comments

Post a Comment

Popular posts from this blog

Benzene Leukemia Market Share, Analysis | Manufacture to Reach USD 118.99 Billion By 2028 | Reports and Data

The Benzene Leukemia Market  is forecast to reach USD 118.99 Billion by 2028, according to a new report by Reports and Data. Benzene Leukemia is a commodity petrochemical and an aromatic hydrocarbon product. It is manufactured as a by-product in refineries and stream crackers. The demand for the product is fueled by the supply and demand of other products derived from it. Benzene Leukemia is used in several range of economic sectors such as construction, electrical & electronics, consumer products, pesticides, and construction. Get a sample copy of the Benzene Leukemia industry report @ https://www.reportsanddata.com/sample-enquiry-form/2326    The rapid growth of end-user industries has significantly driven the applications for the derivatives globally, thus influencing the market growth. Rise in population, coupled with the increase in disposable incomes, has led to the growth of several bulk materials and consumer products. Low price of the feedstock and econ...
Read more

Ethyl 3-ethoxypropionate Market, Trends, Key Factors, Major Companies, Forecast To 2027

Reports and Data’s latest report is an exhaustive study of the global Ethyl 3-ethoxypropionate market and provides accurate market projections, besides key information on the current and future market trends. The Ethyl 3-ethoxypropionate industry analysis report highlights the leading products and services available in this market. Key aspects of the industry including forecast revenue share, sales & distribution, pricing structure, and production and consumption rates of each regional market have been discussed in the report. Furthermore, the report elaborates on the key aspects of the market such as import & export ratios, consumer bases, sales channels, and the most lucrative regional markets.  The global materials & chemicals industry report deals with the manufacture and sales of a wide range of chemical products and materials including soaps, perfumes, detergents, and various industrial chemicals and construction raw materials. Increasing implementation of envi...
Read more

Recyclable Plastics Market Forecast, Revenue Analysis, Opportunities, Trends, Product Launch, 2020–2028

The Global  Recyclable plastics market  is forecast to reach USD 67.55 Billion by 2028, according to a new report by Reports and Data. Increasing awareness about the adverse impact of plastic pollution on environmental stability is on a constant rise. The rise in awareness about its harmful effect has been the result of experiencing the real-life complications associated with plastic pollution along with government initiatives. Such increased awareness about plastic pollution has acted as a significant driving force for the growth of the market. Apart from that, an increased number of research on enhancing recycling technologies and rise in social enterprises that are dealing with the issue of plastic pollution like UrbanR Recycle+ positively impacts the growth of the sector. There has been a rise in demand for plastic in various regions like China being one of the leading nations. However, in these regions, the need for plastics is comparatively high in proportion to the pl...
Read more