Soy Candle Market Report 2025 (Global Edition)

Global Soy Candle Market Report 2025 Market Size Split by Type Outlook: (Pillar Soy Candle, Container Wax, Votives Soy Candle), by Application Outlook: (Home, Commercial), by Distribution Channel Outl...

Soy Candle Market Report Description

We have various report editions of Soy Candle Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Soy Candle Market

In the Soy Candle market's competitive landscape, numerous key competitors are driving innovation and growth. These companies compete through product innovation, emphasizing clean ingredients, sustainability, and unique scents. The market is highly competitive, with players focusing on expanding their distribution channels and online sales platforms to capture a broader consumer base. Regional preferences and market trends significantly influence the competitive strategies in this market.

In March 2022, Kringle Candle introduced its groundbreaking cannabis-scented candle. This innovative fragrance marks the inaugural scent in the company's exclusive limited-edition Reserve Line, setting a new standard for olfactory experiences.

(Source:https://kringlecandle.com/products/cannabis-reserve-soy-candle?srsltid=AfmBOoo7WJ8b5-sHSMfHoXoweHeDRhLoUvcLG8xT0L_ec-FbbWJ6201V)

In November 2023, Lisa Says Gah and P.F. Candle Co. worked together. Through this partnership, the company has been able to expand its product line, draw inspiration from the latter, and broaden its market offerings. Furthermore, the company has strengthened its presence in the Italian market.

(Source:https://files.lasvegasnevada.gov/planning/CLV-2050-Master-Plan.pdf)

In January 2020, Brooklyn Candle Studio partnered with artist Allison Kunath, who is based in California. Through this partnership, an expanded product range featuring three scented candles in 10-ounce reusable ceramic pots was introduced. Additionally, it was intended to help three nonprofits that focus on women.

(Source:https://www.prnewswire.com/news-releases/brooklyn-candle-studio-announces-collaboration-with-artist-allison-kunath-300993645.html)

Top Companies Market Share in Soy Candle Industry: (In no particular order of Rank)

• Village Candle
• Portmeirion Group PLC
• Newell Brands
• MVP Group International Inc.
• Estée Lauder Companies Inc.
• Diptyque Paris
• Lalique Group SA
• L Brands
• NEST New York
• Thymes LLC
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Soy Candle Market

Which Region Dominates the Soy Candle Market in 2024?

According to Cognitive Market Research, North America currently dominates the Soy Candles market, and the region is expected to have significant growth during the projected period. This is due to increasing consumer awareness regarding eco-friendly and sustainable products. The United States, being a major market within this region, is driving this growth with its high demand for natural and non-toxic candles. Consumers are becoming more environmentally conscious, preferring soy candles over traditional paraffin wax candles due to their biodegradable properties and cleaner burning characteristics. Additionally, the growing trend of home aromatherapy and relaxation practices has boosted the demand for soy candles, further establishing North America as a leader in this market. Europe follows closely, driven by a similar environmental ethos and increasing popularity of natural home decor products.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is driven by increasing consumer awareness about eco-friendly products, rising disposable incomes, and a shift towards sustainable living practices. The region's growing middle-class population and urbanization are key factors contributing to this expansion. Countries like China and India, with their large consumer bases and improving standards of living, are leading the demand for soy candles. Additionally, the increasing trend towards home decor and aromatherapy in these markets is further boosting the market growth. As such, the Asia Pacific region is expected to dominate the soy candle market with its rapid CAGR in 2024.

The current report Scope analyzes Soy Candle Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Soy Candle Market Analysis

According to Cognitive Market Research, the global Soy Candles market size was estimated at USD 7951.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3180.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Soy Candle market with a market size of USD 2509.49 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Increasing consumer demand and market expansion drive US growth in the Soy Candle market.
• The Canada Soy Candle market had a market share of USD 381.67 million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period. Canada's growth in the soy candle market is driven by eco-conscious consumers and increasing demand for natural products.
• The Mexico Soy Candle market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 289.43 million in 2024.

Europe Soy Candle Market Analysis

According to Cognitive Market Research, the global Soy Candles market size was estimated at USD 7951.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2385.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• The United Kingdom Soy Candle market had a market share of USD 400.76 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. In the UK, Soy Candle sales witness an upswing due to the Growing consumer demand for eco-friendly products.
• The France Soy Candle market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 219.46 million in 2024.
• According to Cognitive Market Research, the German Soy Candle market size was valued at USD 472.32 million in 2024 and is projected to grow at a CAGR of 8.4% during the forecast period. In Germany, Soy candles surged due to rising eco-conscious consumer demand.
• The Italy Soy Candle market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 205.15 million in 2024.
• The Russian soy Candle market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 369.74 million in 2024.
• The Spain Soy Candle market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 195.61 million in 2024
• The Luxembourg Soy Candle market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 73.95 million in 2024.
• The Portugal Soy Candle market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 50.09 million in 2024.
• The Greece Soy Candle market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 28.63 million in 2024.
• The Rest of Europe's Soy Candle market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 369.74 million in 2024.

Asia Pacific Soy Candle Market Analysis

According to Cognitive Market Research, the global Soy Candles market size was estimated at USD 7951.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1828.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.

• According to Cognitive Market Research, the China Soy Candle market size was valued at USD 822.98 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. Soy Candles surged in China due to rapid urbanization and increasing consumer demand.
• The Japan Soy Candle market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 252.38 million in 2024.
• The India Soy Candle market had a market share of USD 219.46 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. India's growth in the Soy Candle market is driven by increasing consumer demand for eco-friendly products.
• The South Korean Soy Candle market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 182.88 million in 2024.
• The Australian Soy Candle market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 95.10 million in 2024.
• The South East Asia Soy Candle market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 126.19 million in 2024.
• The Rest of Asia Pacific Soy Candle market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 129.85 million in 2024.

South America Soy Candle Market Analysis

According to Cognitive Market Research, the global Soy Candles market size was estimated at USD 7951.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 397.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Soy Candle market size was valued at USD 170.16 million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. Soy Candles flourished in Brazil due to rising demand for eco-friendly products.
• Argentina's Soy Candle market had a market share of USD 66.79 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. Argentina benefits from strong demand and local production in the Soy Candle market.
• Colombia Soy Candle market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 35.38 million in 2024.
• Peru Soy Candle market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 32.60 million in 2024.
• The Chile Soy Candle market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 28.63 million in 2024.
• The Rest of Latin America's Soy Candle market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 64.01 million in 2024.

Middle East Soy Candle Market Analysis

According to Cognitive Market Research, the global Soy Candles market size was estimated at USD 7951.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 159.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031..

• The GCC Countries Soy Candle market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of 68.06 million in 2024. Soy Candle sales flourish due to rising eco-conscious consumer demand.
• The Egypt Soy Candle market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 16.70 million in 2024.
• The South Africa Soy Candle market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 25.13 million in 2024. Soy Candle sales flourished in South Africa, benefiting from the increasing demand for eco-friendly products and sustainable alternatives.
• The Turkey Soy Candle market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 13.68 million in 2024.
• The Nigeria Soy Candle market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 16.70 million in 2024.
• The Rest of the MEA Soy Candle market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 18.77 million in 2024.

Soy Candle Market Analysis

How are Segments Performing in the Global Soy Candle Market?

Soy Candle Market Type Segment Analysis

According to Cognitive Market Research, Container wax is driving the fastest growth in the soy candle market due to its ability to enhance scent throw, improve burn time, and offer a clean, eco-friendly alternative to traditional waxes. Its versatility in various container designs and shapes, combined with the increasing consumer preference for sustainable products, is fueling its popularity in the market.

Pillar Soy Candle holds the largest share in the Soy Candle Market due to its distinctive long burn time, eco-friendly composition, and versatile designs that appeal to a wide range of consumers. Its commitment to using high-quality, natural soy wax enhances its market position by offering a cleaner, more sustainable alternative to conventional paraffin candles, making it a preferred choice in the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Soy Candle Industry. Request a Free Sample PDF!

Soy Candle Market Application Segment Analysis

According to Cognitive Market Research, The commercial sector dominates the fastest-growing Soy Candle Market due to its increasing demand for eco-friendly and sustainable products in various industries, including spas, hotels, and retail stores. The shift towards organic and natural products aligns with the preferences of consumers looking for non-toxic alternatives, driving rapid growth in commercial sales.

In the Soy Candle Market, the growing demand for eco-friendly and sustainable products has positioned households as key players. With a preference for natural ingredients and a healthier indoor environment, consumers are increasingly choosing soy candles over traditional paraffin candles. This trend is driving the largest growth in the soy candle market, especially in households looking for non-toxic, long-lasting, and aromatic home ambiance solutions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Soy Candle Distribution Channel Outlook: Segment Analysis

Soy Candle Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the offline segment is experiencing the fastest growth in the Soy Candle Market due to the increasing preference for physical shopping experiences, hands-on product testing, and personal recommendations from retailers. This segment benefits from direct consumer engagement, showcasing the ambience and aesthetic appeal of soy candles in physical stores, which enhances brand loyalty and sales.

In the Soy Candle market the rapidly growing sector is the Online channels dominate the growing Soy Candle Market by providing wide accessibility, convenience, and a vast range of products to consumers. E-commerce platforms enable direct sales, reaching a broader audience and allowing customers to purchase speciality and eco-friendly soy candles from various brands. This digital accessibility, coupled with competitive pricing and promotional strategies, drives the largest growth segment of the market online.

• Online
• Offline

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion