With an estimated 6.5% Y-o-Y increase in 2021, demand for beauty fridges is predicted to reach a value of US$50.4 million on the global market. According to FactMR’s industry analysis, the value of the global beauty fridge market will increase 2X through 2031, expanding at a remarkable CAGR of 7.1%.
Due to rising disposable income levels in emerging economies and rising demand for convenience goods, among other things, the beauty business has seen fast expansion in recent years. Significantly more working women as well as a general increase in the use of various cosmetic operations, including as hair removal services, facial treatments, laser skin resurfacing surgeries, and others, are key drivers that are affecting the market growth.
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Why is Beauty Fridges Gaining Traction in the Industry?
Beauty fridges are gaining traction in the industry because they provide a convenient and safe way to store cosmetics, skincare and other beauty products at a consistent, cool temperature. This helps to preserve the integrity of the products and keep them fresher for longer. Consumers are increasingly looking for innovative ways to store and protect their beauty products, and beauty fridges offer an ideal solution. They also add a touch of luxury to any beauty routine, making them a popular choice among beauty enthusiasts.
Key Companies Profiled
- HCK Fridge
- Face Tory
- The study analyses the state of the latest worldwide Beauty Fridge market.
- The paper investigates the pandemic scenarios that are most likely to have a long-term impact on the sector.
- The paper examines in great detail how the world market for Beauty fridges is changing.
- The research examines how the worldwide Beauty Fridge market is changing, the target markets with the greatest prospects, and emerging trends that could directly or indirectly affect your organization.
- The report identifies prospects as well as the main obstacles you may face in the near future.
Over the course of the assessment period, an increase in demand for beauty refrigerators is anticipated. This is attributable to increased awareness of cosmetic procedures and the most recent trends in cosmetics, including laser operations, nail enhancements, facial and hair treatments, and other cosmetic goods and services.
Customers are focusing on using recently made beauty goods, thus using beauty fridges to preserve and store them will help maintain their quality and extend their shelf life.
Beauty Fridge Industry Report by Category
- Product Type:
- Mechanical Temperature Control
- Computer Temperature Control
- Less than 1 cu. Ft. Beauty Fridges
- 1-1.9 cu. Ft. Beauty Fridges
- 2-2.9 cu. Ft. Beauty Fridges
- 3-3.9 cu. Ft. Beauty Fridges
- 4-5 cu. Ft. Beauty Fridges
- Buyer Group:
- Household Beauty Fridges
- Commercial Beauty Fridges
- Skincare Products
- Hair care Products
- Sales Channel:
- Multi-brand Stores
- Exclusive Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channels
This international paper describes the tactics that support brand growth in the Beauty Fridge market. To assist market participants in selecting the best location and pertinent segment to invest in the future, high-risk elements such as cyberattack, fraud, natural disaster, and geopolitical conflicts affecting the region are researched.