Grenada Candle Market (2025-2031) | Analysis, Trends, Segmentation, Revenue, Companies, Outlook, Value, Forecast, Share, Industry, Size & Growth
Market Forecast By Product Type (Votive, Container Candle, Pillars, Tapers, Others), By Wax (Paraffin, Soy Wax, Beeswax, Palm Wax, Others), By Distribution Channel (Offline, Online) And Competitive Landscape
| Product Code: ETC5680317 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada Candle Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Grenada`s candle import market continued to thrive in 2024, with key shipments coming from Trinidad and Tobago, USA, UK, China, and Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting strong competition among these top exporting countries. The impressive compound annual growth rate (CAGR) of 8.06% from 2020 to 2024 highlights sustained market expansion. Furthermore, the notable growth rate of 12.02% from 2023 to 2024 signals increasing demand for imported candles in Grenada. This data underscores the opportunities and competitiveness within the candle import sector for potential market entrants and existing players alike.
Candle Market: Grenada vs Top 5 Major Economies in 2027 (North America)
By 2027, the Candle market in Grenada is anticipated to reach a growth rate of -0.26%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.
Key Highlights of the Report:
- Grenada Candle Market Outlook
- Market Size of Grenada Candle Market, 2024
- Forecast of Grenada Candle Market, 2031
- Historical Data and Forecast of Grenada Candle Revenues & Volume for the Period 2021-2031
- Grenada Candle Market Trend Evolution
- Grenada Candle Market Drivers and Challenges
- Grenada Candle Price Trends
- Grenada Candle Porter`s Five Forces
- Grenada Candle Industry Life Cycle
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Votive for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Container Candle for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Pillars for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Tapers for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Wax for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Paraffin for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Soy Wax for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Beeswax for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Palm Wax for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Offline for the Period 2021-2031
- Historical Data and Forecast of Grenada Candle Market Revenues & Volume By Online for the Period 2021-2031
- Grenada Candle Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Wax
- Market Opportunity Assessment By Distribution Channel
- Grenada Candle Top Companies Market Share
- Grenada Candle Competitive Benchmarking By Technical and Operational Parameters
- Grenada Candle Company Profiles
- Grenada Candle Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Grenada Candle Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Candle Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Grenada Candle Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Candle Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Candle Market - Industry Life Cycle |
3.4 Grenada Candle Market - Porter's Five Forces |
3.5 Grenada Candle Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Candle Market Revenues & Volume Share, By Wax, 2021 & 2031F |
3.7 Grenada Candle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Candle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for natural and eco-friendly products |
4.2.2 Growing demand for aromatherapy and wellness products |
4.2.3 Rising trend of home decor and ambiance enhancement |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as soy wax and essential oils |
4.3.2 Intense competition from other home fragrance products |
4.3.3 Regulatory challenges related to quality control and safety standards |
5 Grenada Candle Market Trends |
6 Grenada Candle Market Segmentations |
6.1 Grenada Candle Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Candle Market Revenues & Volume, By Votive, 2021-2031F |
6.1.3 Grenada Candle Market Revenues & Volume, By Container Candle, 2021-2031F |
6.1.4 Grenada Candle Market Revenues & Volume, By Pillars, 2021-2031F |
6.1.5 Grenada Candle Market Revenues & Volume, By Tapers, 2021-2031F |
6.1.6 Grenada Candle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Candle Market, By Wax |
6.2.1 Overview and Analysis |
6.2.2 Grenada Candle Market Revenues & Volume, By Paraffin, 2021-2031F |
6.2.3 Grenada Candle Market Revenues & Volume, By Soy Wax, 2021-2031F |
6.2.4 Grenada Candle Market Revenues & Volume, By Beeswax, 2021-2031F |
6.2.5 Grenada Candle Market Revenues & Volume, By Palm Wax, 2021-2031F |
6.2.6 Grenada Candle Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Candle Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Candle Market Revenues & Volume, By Offline, 2021-2031F |
6.3.3 Grenada Candle Market Revenues & Volume, By Online, 2021-2031F |
7 Grenada Candle Market Import-Export Trade Statistics |
7.1 Grenada Candle Market Export to Major Countries |
7.2 Grenada Candle Market Imports from Major Countries |
8 Grenada Candle Market Key Performance Indicators |
8.1 Number of new fragrances introduced per quarter |
8.2 Customer retention rate |
8.3 Percentage of revenue from online sales |
8.4 Average customer rating and feedback on product quality and scent longevity |
8.5 Percentage of repeat purchases from existing customers |
9 Grenada Candle Market - Opportunity Assessment |
9.1 Grenada Candle Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Candle Market Opportunity Assessment, By Wax, 2021 & 2031F |
9.3 Grenada Candle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Candle Market - Competitive Landscape |
10.1 Grenada Candle Market Revenue Share, By Companies, 2024 |
10.2 Grenada Candle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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