Southern African Development Community (SADC) Candle Market Size By Product (Pillars, Container Candle, Tapers), By Wax (Paraffin, Bees Wax, Soy Wax, Palm Wax), By Geographic Scope And Forecast

Southern African Development Community (SADC) Candle Market Size And Forecast

Southern African Development Community (SADC) Candle Market size was valued at USD 17841.99 Thousand in 2024 and is projected to reach USD 25626.72 Thousand by 2031, growing at a CAGR of 4.63% from 2024 to 2031.

The SADC candle market is currently witnessing high demand owing to increased load shedding in the region. The Southern African Development Community (SADC) Candle Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Southern African Development Community (SADC) Candle Market Definition

Imagine a candleit's basically a lump of wax with a little string called a wick stuck in there. Light it up, and bam, you've got light, a little warmth, and sometimes even a nice smell! You'll usually find candles hanging out with other home accessories, like stuff from the Home Decoration and Home Textiles (HDHT) world. Now, there are basically three types of candles to think aboutFirst, you've got your Basic Candles like Votives (those little guys about 2.2 cm wide that fit in most holders) and Container Candles (which come in all sorts of sizes)—these are your workhorse candles. Then there are Fancy Candles, the show-offs with a "fancy" shape or design. And finally, you've got Scented Candles, which are all about that extra fragrance. You can often find Basic Candles in packs, but those scented or decorative ones? They usually come in smaller amounts.

Candles, you know, are mostly about setting the mood with their light, warmth, and maybe a nice smell. Most are made from paraffin wax, but you'll also find beeswax, soy, and other plant-based waxes used. Palm oil is getting popular as a "greener" option, but it's got its own issues. And those gel candles? They're a mix of mineral oil and a polymer. While there's no official size guide, most candlesticks fit candles around 2.2 cm wide. Those skinny tapers are usually about 25 cm long with a 1.27 cm base. For thicker, container-type candles, you're looking at diameters from 1.3 cm all the way up to 10.1 cm! When it comes to decorative candles, size and shape are really key to the design.

Southern African Development Community (SADC) Candle Market Overview

The SADC candle market is currently witnessing high demand owing to increased load shedding in the region. The region is experiencing extreme load shedding since 2008 and has reached stage 6 shedding. As per report published by The International Energy Agency (IEA), only 1% of South Sudan has access to electricity; 3% in Central Africa and 9% in Chad and Democratic Republic of Congo respectively. Likewise in Burundi, 11% of the population has access, 12% in Liberia and 14% in Niger.

Okay, so here's the dealthat economic downturn has really messed things up in Africa, setting back all the good work on getting people connected to electricity. The World Energy Outlook 2020 did some number crunching and reckons that about 6% of folks in sub-Saharan Africa who already had electricity are going to find it too expensive to keep the lights on this year. Places like Nigeria, the Democratic Republic of the Congo, and Niger are going to be hit especially hard. And it's not just families struggling; the companies and organizations working to spread electricity are also in a tough spot financially, which means they can't do as much to help. Basically, it's a vicious difficult cycle.

Raw materials constitute a major part of the candle manufacturing process. Any fluctuation in the raw material prices, directly affects the final cost of the products. Most of the candles manufactured in the region are primarily developed using paraffin wax which is a by-product of petroleum industry. The industry is witnessing wide fluctuations in terms of prices.

Southern African Development Community (SADC) Candle Market Segmentation Analysis

The Southern African Development Community (SADC) Candle Market is Segmented on the basis of Product, Wax, and Geography.

Southern African Development Community (SADC) Candle Market, By Product

• Pillars• Container Candle• Tapers• Votive• Others

To Get Summarized Market Report By Product-

When we look at the SADC Candle Market in Southern Africa, breaking it down by Product, we see a few main categoriesPillars, Container Candles, Tapers, Votives, and "Others." In 2020, Pillar candles were the big winner, grabbing a whopping 40-50% of the market share! Why? Well, Pillar candles are popular because they're just so useful. They burn longer, stand up nicely thanks to their sturdy base, and don't drip wax everywhere. You can even make them with pretty much any kind of wax! Generally, they'll give you around 3-4 hours of light with minimal smoke, and you can find them in all sorts of rainbow colors, sizes, and shapes. Of course, how long they last depends on how thick they are. But a little secretif you go for beeswax, your pillar candle will burn even longer than paraffin or soy-based ones! You can explore more about this here.

Southern African Development Community (SADC) Candle Market, By Wax

• Paraffin• Bees Wax• Soy Wax• Palm Wax• Others

To Get Summarized Market Report By Wax-

On the basis of Wax, the Southern African Development Community (SADC) Candle market has been segmented into Paraffin, Bees Wax, Soy Wax, Palm Wax, Others. Paraffin wax is one of the most prominent types of wax utilized in the candle-making industry. Commercially it is available in solid slabs and pellets or flake forms. The wax is usually white in appearance but becomes transparent when converted into liquid form. Paraffin waxes are available with Low, medium and high melting point. Melting point is one of the crucial factors to be taken into consideration while formulating or making a candle.

Southern African Development Community (SADC) Candle Market, By Geography

• South Africa• Tanzania• Angola• Zimbabwe• Zambia• Botswana• Mozambique• Rest Of SADC

To Get Summarized Market Report By Geography- 

When we look at the candle market in the Southern African Development Community (SADC), and break it down by Geography, we're talking about these countriesSouth Africa, Tanzania, Angola, Zimbabwe, Zambia, Botswana, Mozambique, and the Rest Of SADC. Since people use candles for things like lighting, making their homes smell nice, and even for outdoor ambiance, it's pretty clear that when South Africa's economy does well, the candle market there gets a boost too. Now, get thisback in 2005, Statistics South Africa said that in 1996, a whopping 28% of homes still relied on candles for light. That's over 2.6 million households, burning through something like 1.8 billion candles every year! So you see, the candle industry in South Africa is huge and a big deal for local manufacturing. But the electricity situation in Africa? It's complicated. It's a vast area, and there's not a lot of connection or trade between power grids. Plus, there are issues with getting enough electricity to everyone and keeping the systems reliable. In fact, according to the World Bank in 2020, almost half (42%) of the African countries they looked at had customers experiencing at least a full day of power outages between May 2018 and May 2019. And the vast majority (79%) had at least two hours of outages.

Key Players

The “Southern African Development Community (SADC) Candle Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Price’s Candles, The Yankee Candle Company, Inc., Clover Leaf Candles, Swazi Candles, Sa Candle Supply, African Wax (Pty) Ltd, Kapula, Sealake Industries.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

We'll dive into the market with qualitative and quantitative analysis, looking at how it breaks down based on both money matters and other influences. We'll give you the scoop on market value in USD Billion for every slice and dice of the market. Expect us to pinpoint the region and segment poised for the biggest boom and market leadership. Plus, we'll break down how the product/service is used geographically, highlighting the local factors that are shaking things up. Check out our competitive landscape analysis, featuring market rankings of the big shots, new product splashes, collaborations, expansions, and acquisitions of profiled companies over the last five years. We're offering ^detailed company profiles packed with overviews, insights, product benchmarks, and _{SWOT analysis} for the main players. Finally, get a glimpse of the industry's present and future, considering recent happenings, growth opportunities, and the hurdles and limitations facing both the newcomers and the established brands.