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

A candle is a wax block with a wick placed in it. When ignited, it provides light and heat, as well as the occasional release of a scent. Candles are commonly classified as home accessories in the Home Decoration and Home Textiles (HDHT) sector. There are three different kinds of candles, viz., Basic CandlesVotive with a diameter of 2.2 cm that suit most conventional candle holders and Container Candle with a range of widths are the most common types of functioning candles; Fancy Candlesdecorative candles with a “fancy” shape or form; Scented Candlescandles with extra scents, both simple and fancy Basic candles are frequently offered in sets, although scented or decorative candles are also available in modest quantities.

The major purpose of a candle, traditionally, has been to produce ambience with its light, heat, and aroma. Paraffin wax is used to make the majority of candles. Beeswax, soy, and other plant waxes are among the various basic ingredients. Palm oil has gained popularity as a more environmentally friendly, though not without controversy, raw ingredient. A blend of mineral oil and a polymer is used to make gel candles. Although there is no standard for candle diameters, most candlesticks have a diameter of 2.2 cm. smaller candles (tapers) are around 25 cm long and have a 1.27 cm base. The diameters of thick and cylindrical candles (Container Candle) range from 1.3 cm to 10.1 cm. In the decorative candle category, size and shape are essential design aspects.

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.

The impact of an economic downturn on the general population and utilities has also reversed some of the progress that had been made on electrification in Africa. Recent analysis from the World Energy Outlook 2020 estimates that 6% of the population of sub-Saharan Africa who already have electricity access will lose the ability to afford basic electricity services during 2020, with those in Nigeria, the Democratic Republic of the Congo and Niger amongst the hardest hit. Meanwhile, the economic impact on entities that have been working to improve electrification means they are also facing serious financial difficulty, further stifling progress.

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-

On the basis of Product, the Southern African Development Community (SADC) Candle Market has been segmented into Pillars, Container Candle, Tapers, Votive, Others. Pillars accounted for the largest market share of 40-50% in 2020. Pillar candles segment growth can be attributed to its rising demand owing to its widespread advantages over other types. Pillar candles exhibit longer burning time, have sturdy and stable bases and have lower dripping rate. Almost all types of waxes are used to develop these types of candles. They burn for a long time, about 3-4 hours, and are smoke-less as well as are available in a wide variety of sizes, shapes, and colors. The burn time usually depends on the thickness of the candle, However, pillar candles made using beeswax candles exhibit longer burning duration as compared to that made of paraffin or soy.

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- 

On the basis of Geography, the Southern African Development Community (SADC) Candle market has been segmented into South Africa, Tanzania, Angola, Zimbabwe, Zambia, Botswana, Mozambique, Rest Of SADC. As candles are used for lighting, indoor and outdoor air fresheners, and so on it is evident that good economic growth in South Africa will eventually influence the market for candles positively. In 2005, According to Statistics South Africa, the number of households in 1996 that were still using candles as a light source was 28% of total households. This accounted for more than 2.6 million households or 1.8 billion candles per annum. This shows that the candle industry in South Africa is large and a major contributor to the local manufacturing infrastructure. The African electricity sector is characterized by its large geography, limited interconnection, and trade, improving electrification, and prevailing system adequacy issues. In the most recent World Bank Doing Business 2020, customers in 10 of the 24 African participants (42%) experienced on average at least 24 hours of outages over the period May 2018–May 2019, while 19 (79%) experienced at least 2 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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as d