Asia Pacific Candles market

Synopsis
The above chart is Global Candles market [2016-2023] by Asia Pacific

Market Dynamics

China accounted for the largest market share in 2017 in the asia pacific candles market, and is expected to reach usd 789.70 million in 2023 from usd 602.10 million in 2017. however, india is the fastest growing market, which is expected to grow at a cagr of 5.78% during the forecast period 2018 - 2023. paraffin wax segment accounted for the largest market share in 2017, this market is expected to reach usd 1317.80 million in 2023 from usd 993.60 million in 2017. this market is projected to grow at a cagr of 4.87% during the forecast period from 2018 - 2023. however, vegetable wax segment is the fastest growing market, which is expected to grow at a cagr of 5.58% during the forecast period 2018 - 2023. luxury candles segment accounted for the larger market share in 2017, this market is expected to reach usd 2062.80 million in 2023 from usd 1540.50 million in 2017. this market is projected to grow at a cagr of 5.06% during the forecast period from 2018 - 2023. however, economical candles segment is the fastest growing market, which is expected to grow at a cagr of 5.48% during the forecast period 2018 - 2023. store based segment accounted for the larger market share in 2017, this market is expected to reach usd 1655.20 million in 2023 from usd 1244.10 million in 2017. this market is projected to grow at a cagr of 4.93% during the forecast period from 2018 - 2023. however, non store based segment is the fastest growing market, which is expected to grow at a cagr of 5.54% during the forecast period 2018 - 2023.