The Asia Pacific Beauty Fridge Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
The combination of technology, lifestyle, and beauty is boosting the growth of the market. A rise in the need to maintain beauty and lifestyle changes is demanding more skincare products. Additionally, it is expected that manufacturers will continue to develop innovative natural and herbal skincare products, which is significantly helping the market.
Presently, the demand for skincare fridges is a rising trend in developed as well as developing countries. This growth is being pushed by the online availability of information and visibility of the product. The increasing presence of manufacturers on online marketplaces is also aiding in the growth of the market. Apart from personal uses, the application of beauty fridges in commercial sectors is also growing. These can be found in salons and beauty parlors.
Due to the rising popularity of social media platforms among adults and teenagers alike, this region has been considered a quickly developing marketplace. Moreover, many high-quality and cost-effective therapies being performed are expected to substantially improve the beauty sector in this region. Additionally, Asian nations are known globally for having high aesthetic standards. Moreover, the expansion of industries, particularly in economies like China and India, has resulted in a rise in environmental pollution. As a consequence of this, people coping with various skin issues have grown, resulting in a surge in demand for advanced skincare that has active components. This further influences the growth in the demand for beauty fridges.
The China market dominated the Asia Pacific Beauty Fridge Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $16,947.3 Thousands by 2028.The Japan market is estimated to grow a CAGR of 8.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.2% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Capacity, the market is segmented into Up to 4 Litres, 4 Litres to 7 Litres, 7 Litres to 10 Litres and More than 10 Litres. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Beauty Fridge Market is Projected to reach USD 213.9 Million by 2028, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Finishing Touch Flawless (Church & Dwight Co., Inc.), The Beauty Fridge (Quick Beauty Pty. Ltd), Cooluli, Teami LLC, COOSEON, FaceTory, Inc., Hck Refrigeration Tech. Co., Ltd., and Chefman.
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