The Latin America, Middle East and Africa Beauty Fridge Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
According to many beauty experts, it is good to keep beauty and skincare products at low temperatures as it reduces the risk of yeast, bacteria, and preservative deactivation. Additionally, cold temperatures are said to be good for the skin. Therefore, applying products with cold temperatures aids in reducing acne breakouts, itchiness, sunburn, etc.
Such factors are advantageous and increase the popularity of these products. The growth of the various beauty trends like hair and facial treatments, nail extension, and other beauty products and services are escalating the growth of the beauty fridge market as well.
Consumers are now focusing on using beauty products manufactured from fresh products that have short shelf lives and, therefore, need to be kept in beauty fridges. Manufacturers are also incorporating developments like the use of chips that reduce the noise coming out from electronic devices, as well as superficial innovations like the availability of the product in multiple colors.
The urban population is growing in the region's emerging countries like South Africa, which has also led to a rise in the proportion of people who value beauty. Some nations experience rapid development in their economies, which contributes immensely to the expansion of the product consumption values, like the Middle East and Africa regions that are expected to rise significantly. This region witnessed numerous lifestyle changes, and more people are learning about the relevance of personal beauty and skincare products for protecting and enhancing the quality of their skin. As a result, regional consumers are purchasing more beauty and skincare products which will drive the growth of the beauty fridge market as well.
The Brazil market dominated the LAMEA Beauty Fridge Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,461.7 Thousands by 2028.The Argentina market is experiencing a CAGR of 11.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Beauty Fridge Market is Predict to reach $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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