Reports and Data estimates the global Wax Melts competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Wax Melts during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Yankee Candles (The U.S.), Scentsy, Inc.(The U.S.), Bramble Bay Candle Co. (Australia), Reckitt Benckiser Group PLC (The U.K.), C. Johnson & Sons Inc. (The U.S.), Rimports LLC (the U.S.), East Coast Candles (Canada), Michaels Stores Inc. (The U.S.), Walmart Inc. (The U.S.), AFFCO Holdings (New Zealand)Yankee Candles (The U.S.), Scentsy, Inc.(The U.S.), Bramble Bay Candle Co. (Australia), Reckitt Benckiser Group PLC (The U.K.), C. Johnson & Sons Inc. (The U.S.), Rimports LLC (the U.S.), East Coast Candles (Canada), Michaels Stores Inc. (The U.S.), Walmart Inc. (The U.S.), AFFCO Holdings (New Zealand)

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Wax Melts Overview :-

The global wax melts market size was significantly robust in 2021 and is expected to register a high CAGR over the forecast period. Increasing use of the product in the hotels and hospitality industry such as in lobby’s and spas due to fragrance properties of candles is a key factor which is expected to drive the market revenue. Additionally, its adoption in the residential sector pertaining to interior decoration and ambience creation are also likely to stimulate market demand.

Wax melts are compounds which are malleable and solid at room temperature but have a low melting point. These can be produced through plant and animal based substances, since they are synthesized by numerous species of living organisms. Beeswax is a major animal based variant that is obtained from honeycombs and is considered to be very rich in texture. Moreover, petroleum related materials like paraffin and polyethylene derivatives are also used to produce these substances by vacuum distillation of crude oil. These are largely considered to be artificial variants which are cost effective and used in mass scale in industrial productions of adhesives, lubricants and polishes. With the growing attention towards natural minimally processed products, plant based substances made from soy, carnauba palm and jojoba are increasing in popularity and demand.

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For the purpose of this report Reports and Data has segmented global Wax Melts market on the basis of type, application, and region:

Type (Revenue, USD Million; 2019-2030)

• Soy Wax Melts
• Paraffin Wax Melts
• Others

Application/ End Use Outlook (Revenue, USD Million; 2019-2030)

• Home
• Hotels
• Offices
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

• What is the expected year-on-year growth of the Wax Melts during the forecast period?
• What key trends are expected influence revenue growth of the market going ahead?
• Which region is expected to account for largest revenue share over the forecast period?
• Which key companies are profiled in the report?

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About Reports and Data 

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