The global Fragrance Wax Melts Market size 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 fragrance 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 fragrance wax melts for gift purposes is also driving the growth of fragrance 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 fragrance wax melts.

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Some Key Highlights in the Report

• Beeswax segment is expected to account for largest market share in global fragrance wax melts market between 2021 and 2030. Increasing usage of beeswax in personal care products due to its anti-inflammatory, anti-bacterial, and anti-viral properties is driving growth of the segment. Additionally, increasing usage of beeswax as emulsifiers and stiffening agents in cosmetics products by manufacturers is expected to drive the growth of the segment.
• Lavender segment is expected to register a steady revenue growth over the forecast period. Increasing demand for wax melts with lavender scent among consumers to improve mood disorders and relaxing scent is driving revenue growth of the segment. Additionally, increasing consumption of lavender tea and capsules among consumers to boost immunity, detoxify the body and improve digestion is expected to support revenue growth of the segment over the forecast period.
• The fragrance wax melts market in North America is expected to account for largest revenue share in the global market over the forecast period. Rising consumer inclination toward aromatherapy among working professionals for mood relaxation in countries in the region is expected to drive market revenue growth. Rising presence of petroleum manufacturers has increased adoption of paraffin wax. This is another factor expected to augment the growth of the North America fragrance wax melts market.
• Companies profiled in the global market report include The Yankee Candle Company, S.C. Johnson Son, Inc., Candles by Victoria, Happy Wax, East Coast Candles, Scentsy, Inc., Reckitt Benckiser Group PLC, Scentchips, Peaceful Smells, LLC, and Sassy Shop Wax.
• In February 2021, The Yankee Candle Company, the leader in home fragrance launched a new signature collection. The signature collection offers an optimized fragrance experience through its premium soy-wax blends and double cotton wicks which creates a clean burn and long-lasting fragrance. The collection comes in different shapes and sizes and is available for online purchases and in-store.

For the purpose of this study, Reports and Data have segmented the global Fragrance Wax Melts Market on the basis of Product, Fragrance type, application, Business type and region:

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2030)

• Beeswax
• Para-soy
• Paraffin
• Wax Blends
• Soy
• Palm

Fragrance type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2030)

• Vanilla
• Chocolate
• Jasmine
• Sandalwood
• Lavender
• Others

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2030)

• Aromatherapy
• Home
• Offices
• Commercial Buildings

Business Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2030)

• Online
• Offline

Regional Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Read the Latest Press Release: https://www.reportsanddata.com/press-release/global-fragrance-wax-melts-market

Key questions answered by the report

• What was the size of the global fragrance wax melts market in 2020?
• What is the expected revenue Compound Annual Growth Rate (CAGR) of global fragrance wax melts market over the forecast period?
• What is the major restraining factor for growth of the global fragrance wax melts market?
• Which region is expected to account for largest revenue share in the global fragrance wax melts market?
• Which are the key companies operating in the global market?

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