Candles - Latvia
Latvia- In Latvia, the revenue in the Candles market Segment reached US$4.11m in 2024.
- It is projected that the market will experience an annual growth rate of 2.81% (CAGR 2024-2029).
- When compared globally, United States leads in terms of revenue generation, with an amount of US$2bn in 2024.
- Considering the population figures, the per person revenue generated in Latvia in 2024 is US$2.27.
- The candle market in Latvia is experiencing a surge in demand for traditional, handmade candles, reflecting a growing appreciation for local craftsmanship and cultural heritage.
Definition:
This segment focuses on candles that are used for decorative and celebratory purposes. A candle’s main function is to provide an aesthetic value and/or scent. They can create a soft, warm, or romantic ambiance in any room of the home when lit. The scent of a candle has the power to evoke memories and improve ones’ physical and mental well-being. Included in this segment are container/jar candles, scented candles, tea lights, and taper candles. Votive, novelty, pillar, flameless and floating candles are excluded from this market.
Additional Information:
The Candles subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.
In-Scope
- Container & Jar Containers
- Scented Candles
- Tea Lights
- Taper Candles
Out-Of-Scope
- Flameless & Floating Candles
- Votive Candles
- Novelty Candles
