Vietnam and Philippines Candles Market Forecast 2025-2030: Growth at 5.77% CAGR Expected
Vietnam and Philippines Candles Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020–23
Forecast Years: 2025-2030
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.
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Vietnam and Philippines Candles Market Dynamics: 2025-2030
Vietnam and Philippines Candles Market Driver:
Cultural Sentimentalism Fueling Demand for Natural Wax Alternatives – In the Vietnam and Philippines Candles Market, consumer decisions are becoming increasingly emotion-driven. Today’s buyer is not just selecting a candle for its fragrance, but for its story, origin, and conscience. The growing rejection of synthetic paraffin-based waxes is not merely about health, but about a deeper emotional alignment with products that feel honest, grounded, and natural. This sentiment has fueled a noticeable spike in demand for natural wax alternatives—particularly soy, coconut, and beeswax—that represent not just wellness, but cultural rootedness. In a post-pandemic world, candles are being redefined as tools of self-care and memory-making. This is clearly seen in urban Vietnamese households, where lemongrass or lotus-scented candles are increasingly associated with mindfulness rituals and modern wellness routines. Meanwhile, in the Philippines, coconut wax candles are emerging as symbols of sustainability and national pride.
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Vietnam and Philippines Candles Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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 Raw Material
-Paraffin Wax- Market Size & Forecast 2020-2030, USD Million
-Soy Wax- Market Size & Forecast 2020-2030, USD Million
-Gel Wax- Market Size & Forecast 2020-2030, USD Million
-Beeswax- Market Size & Forecast 2020-2030, USD Million
-Palm Wax- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million
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 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
By Distribution Channel
-Online- Market Size & Forecast 2020-2030, USD Million
-Offline- Market Size & Forecast 2020-2030, USD Million
-Specialty or Gift Shops- Market Size & Forecast 2020-2030, USD Million
-Home Decor Stores- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million.
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Top Companies Operating in the Vietnam and Philippines Candles Market:
-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.
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