Is Candle Making Profitable In 2024?

The Candle Making Industry

The candle market is valued at $7,562.83 Million today and is expected to grow by 5.26%, reaching $10,156.05 Million by 2028

Types of candles you can sell

- Soy Candles - Scented Candles - Vegan Candles - Decorative Candles

Cost to start a Candle Business

Starting a candle business might cost you anywhere between $9,500 to $78,000, with the average cost being $44,000.

Profit Margin in Candle Business

The profit margin on candles can be really high, ranging between 30%-50% on average

Pros of Candle Making Business

– Low start-up cost – Simple business model – Flexibility – Profitable – Scalable

Cons of Candle Making Business

– Trust building requires time – Highly competitive

Is Candle Making Profitable?

The cost of an eight-ounce candle comes to around $3, and it can be sold for $10-$15 easily; so yes, candle making business is quite profitable.