Philippines Candles Market (2025-2031) | Segmentation, Analysis, Revenue, Pricing Analysis, Investment Trends, Share, Growth, Competition, Companies, Forecast, Restraints, Demand, Challenges, Size, Trends, Consumer Insights, Competitive, Drivers, Supply, Value, Segments, Industry, Strategic Insights, Opportunities, Outlook, Strategy

Name: Philippines Candles Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Candles Market, Philippines Candles Market, Philippines Candles Market Revenues, Philippines Candles Market Share, Philippines Candles Market Size, Philippines Candles Market Outlook, Philippines Candles Market Report, Philippines Candles Market Competition, Philippines Candles Market Overview, Philippines Candles Market Trends, Philippines Candles Market Forecast

Market Forecast By Product Type (Scented Candles, Unscented Candles), By Application (Aromatherapy, Lighting), By Material (Paraffin Wax, Soy Wax), By Scent Type (Lavender, Rose, Unscented) And Competitive Landscape

Product Code: ETC11481313	Publication Date: Apr 2025	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Bhawna Singh	No. of Pages: 65	No. of Figures: 34	No. of Tables: 19

Philippines Candles Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The Philippines continues to import candles primarily from China, USA, Canada, UK, and Poland in 2024, indicating a diverse sourcing strategy. Despite a notable decline in growth rate from 2023 to 2024, the high Herfindahl-Hirschman Index (HHI) suggests a concentrated market with a few dominant suppliers. The impressive compound annual growth rate (CAGR) of 16.99% from 2020 to 2024 underscores the increasing demand for candles in the Philippines, highlighting opportunities for market expansion and competition among key exporters.

Philippines Candles Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Philippines Candles Market Outlook
Market Size of Philippines Candles Market, 2024
Forecast of Philippines Candles Market, 2031
Historical Data and Forecast of Philippines Candles Revenues & Volume for the Period 2021-2031
Philippines Candles Market Trend Evolution
Philippines Candles Market Drivers and Challenges
Philippines Candles Price Trends
Philippines Candles Porter's Five Forces
Philippines Candles Industry Life Cycle
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Scented Candles for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Unscented Candles for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Aromatherapy for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Lighting for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Material for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Paraffin Wax for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Soy Wax for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Scent Type for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Lavender, Rose for the Period 2021-2031
Historical Data and Forecast of Philippines Candles Market Revenues & Volume By Unscented for the Period 2021-2031
Philippines Candles Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Application
Market Opportunity Assessment By Material
Market Opportunity Assessment By Scent Type
Philippines Candles Top Companies Market Share
Philippines Candles Competitive Benchmarking By Technical and Operational Parameters
Philippines Candles Company Profiles
Philippines Candles Key Strategic Recommendations

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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 Philippines Candles Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Candles Market Revenues & Volume, 2021 & 2031F

3.3 Philippines Candles Market - Industry Life Cycle

3.4 Philippines Candles Market - Porter's Five Forces

3.5 Philippines Candles Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Philippines Candles Market Revenues & Volume Share, By Application, 2021 & 2031F

3.7 Philippines Candles Market Revenues & Volume Share, By Material, 2021 & 2031F

3.8 Philippines Candles Market Revenues & Volume Share, By Scent Type, 2021 & 2031F

4 Philippines Candles Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for decorative and scented candles in the Philippines

4.2.2 Growing popularity of candles for religious and cultural practices in the country

4.2.3 Rising awareness about aromatherapy and wellness benefits associated with candles

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials such as wax and fragrances

4.3.2 Competition from alternative home fragrance products like diffusers and air fresheners

4.3.3 Impact of economic conditions on consumers' discretionary spending

5 Philippines Candles Market Trends

6 Philippines Candles Market, By Types

6.1 Philippines Candles Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Philippines Candles Market Revenues & Volume, By Product Type, 2021 - 2031F

6.1.3 Philippines Candles Market Revenues & Volume, By Scented Candles, 2021 - 2031F

6.1.4 Philippines Candles Market Revenues & Volume, By Unscented Candles, 2021 - 2031F

6.2 Philippines Candles Market, By Application

6.2.1 Overview and Analysis

6.2.2 Philippines Candles Market Revenues & Volume, By Aromatherapy, 2021 - 2031F

6.2.3 Philippines Candles Market Revenues & Volume, By Lighting, 2021 - 2031F

6.3 Philippines Candles Market, By Material

6.3.1 Overview and Analysis

6.3.2 Philippines Candles Market Revenues & Volume, By Paraffin Wax, 2021 - 2031F

6.3.3 Philippines Candles Market Revenues & Volume, By Soy Wax, 2021 - 2031F

6.4 Philippines Candles Market, By Scent Type

6.4.1 Overview and Analysis

6.4.2 Philippines Candles Market Revenues & Volume, By Lavender, Rose, 2021 - 2031F

6.4.3 Philippines Candles Market Revenues & Volume, By Unscented, 2021 - 2031F

7 Philippines Candles Market Import-Export Trade Statistics

7.1 Philippines Candles Market Export to Major Countries

7.2 Philippines Candles Market Imports from Major Countries

8 Philippines Candles Market Key Performance Indicators

8.1 Number of new candle product launches in the Philippines market

8.2 Consumer sentiment towards candles based on social media mentions and reviews

8.3 Percentage of households in the Philippines purchasing candles for non-emergency purposes

9 Philippines Candles Market - Opportunity Assessment

9.1 Philippines Candles Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Philippines Candles Market Opportunity Assessment, By Application, 2021 & 2031F

9.3 Philippines Candles Market Opportunity Assessment, By Material, 2021 & 2031F

9.4 Philippines Candles Market Opportunity Assessment, By Scent Type, 2021 & 2031F

10 Philippines Candles Market - Competitive Landscape

10.1 Philippines Candles Market Revenue Share, By Companies, 2024

10.2 Philippines Candles Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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