The Europe Beauty Fridge Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Most beauty fridges are small in size, but many manufacturers are now offering these in different dimensions to accommodate products of all plausible sizes. Another aspect of increasing the capacity of fridges lies in the fact that people are now demanding enough storage that could house their daily use products instead of rarely used ones.
In addition, storing all skincare and beauty products, whether used in AM or PM routines, increases accessibility as well as the speed of application. Apart from storing beauty products, beauty fridges are also widely used to prevent the deterioration of products. Usually, beauty and skincare products come in plastic packaging that may contain a tiny number of microorganisms.
However, with regular use and contact with a favorable environment like humidity, the microorganisms present around the product grow, thereby increasing the chances of allergies upon their use or completely botching the product. As a result, beauty fridges are preferred as these allow the storage of products in environments that do not facilitate the formation of microorganisms.
European people are more conscious of beauty and are concerned about their appearance. As a result, they devote more effort and time to improving their skin quality. The high consciousness of beauty is also responsible for the growing regional cosmetic industry. Furthermore, the high rates of beauty treatments being performed in the region propel the demand for targeted dermatological products, most of which are needed to be stored at low temperatures. Therefore, the growing awareness of the advantages of beauty fridges in the region is establishing a sizeable growth opportunity for the beauty fridge market.
The Germany market dominated the Europe Beauty Fridge Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $16,067.1 Thousands by 2028.The UK market is anticipated to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Beauty Fridge Market will Hit $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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