Vietnam and Philippines Candles Industry Analysis: Companies, Competitors & Outlook 2030

Overview of the Vietnam and Philippines Candles Industry:

The Vietnam and Philippines Candles Market is projected to experience substantial growth between 2025 and 2030, driven by digital transformation, innovation in service delivery, and expanding demand. The Vietnam and Philippines Candles Market size is valued at USD 0.15 billion in 2025 and is projected to reach USD 0.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.77% during the forecast period, i.e., 2025-30. This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.

Market Size & Forecast (2025–2030)

• Base Year: 2024
• Forecast Period: 2025–2030
• Estimated CAGR (2025–2030): 5.77%

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Top Companies in the Vietnam and Philippines Candles Market

Here’s a snapshot of key players leading innovation and market share:

• Alice Blue Candle
• Bath and Body Works Direct, Inc.
• Creative Lights Viet Nam Corporation
• Caro Candles Company Limited
• Doc's Candles
• Fleming International Vietnam Ltd.
• Happy Island Candle Co.
• Nguyen Quang Minh Candle
• Peony Home
• Universal Candle Vietnam Corporation
• Vietnam International Victory Co. Ltd.
• Vayao Wax Manufacturing Inc.
• Yankee Candle
• Others

Includes SWOT analysis, revenue trends, partnerships, and product launches.

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Vietnam and Philippines Candles Market Segmentation Analysis

-By Distribution Channel

• Online
• Offline
• Specialty or Gift Shops
• Home Decor Stores
• Others

Amongst all, online channels are projected to witness the fastest growth in the Vietnam & Philippines Candles Market during 2025-30.

-By Raw Material

• Paraffin Wax
• Soy Wax
• Gel Wax
• Beeswax
• Palm Wax
• Others

Within the raw material segmentation, Soy Wax has emerged as the most dominant and fastest-growing segment in the Vietnam and Philippines Candles Market.

-By Candle Type

• Pillar Candle- Market Size & Forecast 2020-2030, USD Million
• Taper Candle- Market Size & Forecast 2020-2030, USD Million
• Votives- Market Size & Forecast 2020-2030, USD Million
• Tea lights- Market Size & Forecast 2020-2030, USD Million
• Floaters- Market Size & Forecast 2020-2030, USD Million

-By Price Range

• Low- Market Size & Forecast 2020-2030, USD Million
• Medium- Market Size & Forecast 2020-2030, USD Million
• High- Market Size & Forecast 2020-2030, USD Million

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Methodology Behind the Report

This research combines qualitative and quantitative methods, including:

• Expert interviews
• Proprietary forecasting models
• Financial and trade databases
• Government and institutional data

Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.

Frequently Asked Questions About the Vietnam and Philippines Candles Market

1. What is the growth rate of the Vietnam and Philippines Candles market from 2025–2030?
2. Which segment are expected to dominate market?
3. Who are the top companies and what strategies being they using?
4. What are the key risks and challenges in this industry?
5. How can businesses prepare for future trends?

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