Vietnam & Philippines Candle Market Sales Estimated to Decline, Due to COVID-19 Impact in 2020
The report offers an in-depth analysis of the Vietnam & Philippines Candle Market in terms of market data and growth rate for the forecast period of 2020 to 2025. It provides analysis of the regional and industry trends that are impacting the dynamics of the Vietnam & Philippines Candle Market.
According to a recent report published by Fast.MR, titled, Vietnam & Philippines Candle Market 2018: Market Size, Market Volume, Trends, Opportunity, Forecast 2018-2024, Vietnam candle market is expected to reach USD 55.3 Million by the end of 2024 from USD 48.2 Million in 2018 and is predicted to thrive at a CAGR of 2.4% over the forecast period. In terms of value, Philippines candle market is expected to mark a valuation of USD 35.4 Million by 2024 by growing at a CAGR of 1.9% throughout the forecast period i.e., 2019-2024.
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The COVID-19 pandemic has had a significant impact on the market size for the year 2020. The report offers analysis on three COVID-19 situations: Long-term COVID-19 pandemic, mid-term COVID-19 pandemic and short term COVID-19 pandemic.
The report offers insights that aids major stakeholders form business strategies and discover revenue growth opportunities across the globe. The report is also crucial to small sized and start-ups in Vietnam & Philippines Candle Market and it will help them to devise long-term business-related decisions to develop their market share in the global Vietnam & Philippines Candle Market. Market insights and factors contributing to the growth in the demand of Vietnam & Philippines Candle Market can be accessed through this report.
This Vietnam & Philippines Candle Market research report reveals strategic information on the recent developments and ongoing trends in the market. It also offers a peek on the changes in the business models and product demand; to aid major company’s measure the growth scenarios in the Vietnam & Philippines Candle Market.
What Questions are answered in the Vietnam & Philippines Candle Market Research Report?
Taking various micro economic and macro economic factors into consideration, the study offers detailed insights on the Vietnam & Philippines Candle Market. The report analyses dynamics of the market and provide answer to various questions for industry players operating in the global Vietnam & Philippines Candle Market. These include:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
- What are the key business strategies being adopted by new entrants in the Vietnam & Philippines Candle Market?
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Competitive Landscape
The report profiles various major market players of Vietnam candle market, which include, Creative Lights Viet Nam Corporation, Universal Candle Vietnam Corporation, Fleming International Vietnam Ltd., Yankee Candle, Caro Candles Company Limited, Peony Home, Nguyen Quang Minh Candle, Vietnam International Victory Co. Ltd. and other major & niche players.
Also, the report profiles various major market players of Philippines candle market, which include, Vayao Wax Manufacturing Inc., Doc's Candles, Alice Blue Candle, FAVORI, The Candleroom, Bath & Body Works Direct, Inc., Happy Island Candle Co., Yankee Candle Philippines and other major & key players.
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
Vietnam & Philippines Candle Market Report: Research Methodology
The secondary research study involves the utilization of extensive secondary sources such as organization data, government department statistics and online databases for the analysis of the market. Company websites, annual report, investor presentations, white paper, databases, fact book and press releases were also referred for the analysis of leading players in the industry.
Fast.MR conducts extensive primary interviews with industry participants and commentators to validate its data and analysis. Interviews are conducted with variety of players in each industry. These interviews are conducted by our analysts in subject countries and regional/global level for international analysis. Primary sources include various experts such as CEOs, marketing directors, technology and innovation directors and executives from various key companies operating in the market.
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