Candles - South Korea
South Korea- In South Korea, the revenue generated in the Candles market Segment in 2024 amounts to US$231.20m.
- It is projected that the market will experience an annual growth rate of 3.01% (CAGR 2024-2029).
- When compared globally, United States generates the highest revenue in this segment, reaching US$2bn in 2024.
- In terms of per person revenues, in South Korea generates US$4.47 per person in 2024.
- In South Korea, there is a growing trend of using traditional Korean ingredients and scents in handmade candles.
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
