| Product Code: ETC5680276 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia candle market witnessed a 3.29% import growth rate from 2023 to 2024, with a Compound Annual Growth Rate (CAGR) of 25.93% for 2020-2024. This import momentum can be attributed to a notable demand shift towards premium and scented candles, indicating a growing consumer preference for higher-quality products in the market.
In the Asia region, the Candle market in Armenia is projected to expand at a high growth rate of 13.21% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Candle Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Candle Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Candle Market - Industry Life Cycle |
3.4 Armenia Candle Market - Porter's Five Forces |
3.5 Armenia Candle Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Armenia Candle Market Revenues & Volume Share, By Wax, 2021 & 2031F |
3.7 Armenia Candle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Armenia Candle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing trend of home decor and interior design, leading to increased demand for candles as decorative items. |
4.2.2 Rising popularity of aromatherapy and wellness practices, boosting the demand for scented candles. |
4.2.3 Increasing consumer preference for eco-friendly and sustainable products, driving the demand for natural wax candles. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as wax and fragrance oils, impacting the production cost of candles. |
4.3.2 Intense competition from substitutes like air fresheners and reed diffusers, posing a challenge to market growth. |
4.3.3 Economic instability and fluctuations in disposable income, affecting consumer spending on luxury items like candles. |
5 Armenia Candle Market Trends |
6 Armenia Candle Market Segmentations |
6.1 Armenia Candle Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Candle Market Revenues & Volume, By Votive, 2021-2031F |
6.1.3 Armenia Candle Market Revenues & Volume, By Container Candle, 2021-2031F |
6.1.4 Armenia Candle Market Revenues & Volume, By Pillars, 2021-2031F |
6.1.5 Armenia Candle Market Revenues & Volume, By Tapers, 2021-2031F |
6.1.6 Armenia Candle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Candle Market, By Wax |
6.2.1 Overview and Analysis |
6.2.2 Armenia Candle Market Revenues & Volume, By Paraffin, 2021-2031F |
6.2.3 Armenia Candle Market Revenues & Volume, By Soy Wax, 2021-2031F |
6.2.4 Armenia Candle Market Revenues & Volume, By Beeswax, 2021-2031F |
6.2.5 Armenia Candle Market Revenues & Volume, By Palm Wax, 2021-2031F |
6.2.6 Armenia Candle Market Revenues & Volume, By Others, 2021-2031F |
6.3 Armenia Candle Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Armenia Candle Market Revenues & Volume, By Offline, 2021-2031F |
6.3.3 Armenia Candle Market Revenues & Volume, By Online, 2021-2031F |
7 Armenia Candle Market Import-Export Trade Statistics |
7.1 Armenia Candle Market Export to Major Countries |
7.2 Armenia Candle Market Imports from Major Countries |
8 Armenia Candle Market Key Performance Indicators |
8.1 Number of new product launches in the Armenia candle market focusing on eco-friendly and sustainable features. |
8.2 Growth in online sales of candles in Armenia, indicating shifting consumer buying behavior towards e-commerce channels. |
8.3 Participation and engagement levels in candle-related events and workshops, reflecting increasing consumer interest and awareness in the market. |
9 Armenia Candle Market - Opportunity Assessment |
9.1 Armenia Candle Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Armenia Candle Market Opportunity Assessment, By Wax, 2021 & 2031F |
9.3 Armenia Candle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Armenia Candle Market - Competitive Landscape |
10.1 Armenia Candle Market Revenue Share, By Companies, 2024 |
10.2 Armenia Candle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |