The GlobalScented Wax Melts Marketsize is expected to reach USD 13.04 Billion in 2030 and register a revenue CAGR of 14.0% over the forecast period, according to a latest report by Reports and Data. Rising usage of wax melts in cosmetic products and increasing consumer awareness regarding hazardous effect of air fresheners is expected to drive market revenue growth during the forecast period. Increasing demand for chemical-free and natural scented wax melts is expected to boost the growth of flavors fragrances market in near future. The chemicals produced by flames could lead to dizziness, headache, and fatigue in the body. Thus, increasing demand for chemical-free and natural scented wax melts is expected to drive market revenue growth. Moreover, increasing demand for essential oils with natural flavors to treat various skin disorders is expected to increase demand for Scented Wax Melts over the forecast period. Furthermore, increasing research and development by fragrances wax melts manufacturers for development of newest organic wax melts is expected to propel growth of the market. Increasing demand for hand-made and customized Scented Wax Melts for gift purposes is also driving the growth of Scented Wax Melts market.
However, concerns regarding usage of chemical fragrance boosters by manufacturers are some factors expected to hamper revenue growth of the market during the forecast period. Consumers who are highly aware of the substances used in cosmetics that can be harmful to individuals are expected to hamper the market growth. Additionally, the usage of artificial and chemical-infused fragrances could be harmful to some consumers and could cause major health issues which is another factor expected to limit the adoption of Scented Wax Melts.
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Key Regional Markets Covered in the Report:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- Rest of Middle East Africa
Top 10 Profiled in the Global Scented Wax Melts Market Report:
- The Yankee Candle Company,
- C. Johnson Son, Inc.,
- Candles by Victoria,
- Happy Wax
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Key Takeaways of the Global Scented Wax Melts Market Report:
- A comprehensive overview of the global Scented Wax Melts industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Scented Wax Melts market.
- Elaborate study of the leading regional markets in the global Scented Wax Melts market.
- Complete overview of the markets competitive landscape.
- Brief look at the company profiles and portfolios.
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