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Wax Warmers & Accessories Market Share

Report ID: GMI12038
Published Date: Oct 2024
Report Format: PDF

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Wax Warmers & Accessories Market Share

The market, with prominent players, such as Bath & Body Works, Inc., Ashland Global Holdings Inc., Yankee Candle and The Procter & Gamble Company holds a market share of ~5-8%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Wax Warmers & Accessories Market Share

Major players operating in the wax warmers & accessories industry include:

Ashland
Bath & Body Works
Candle Warmers
Candle-Lite
Chesapeake Bay Candle
HomeWorx
Mainstays
PartyLite
Procter & Gamble
Rimports
ScentSationals
Scentsy
Yankee Candle

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global wax warmers and accessories industry was valued at USD 294.5 million in 2023 and is anticipated to register a CAGR of over 7.6% between 2024 and 2032, driven by the increasing popularity of home décor and wellness products.

The commercial segment dominated the market in 2023, generating USD 169.7 million, and is expected to grow at a CAGR of 7.5% from 2024 to 2032 due to the rising adoption of wax warmers in hotels, spas, restaurants, and retail spaces.

North America accounted for USD 77.6 million of the wax warmers and accessories industry in 2023 and is expected to grow at a CAGR of 7.9% from 2024 to 2032, driven by the growing emphasis on self-care and the popularity of scented candles among millennials.

Key players in the industry include Ashland, Bath & Body Works, Candle Warmers, Candle-Lite, Chesapeake Bay Candle, HomeWorx, Mainstays, and PartyLite.