Published Date: 31-Dec-2022
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According to a new report, published by KBV research, The Global Beauty Fridge Market size is expected to reach $213.9 Million by 2028, rising at a market growth of 8.7% CAGR during the forecast period.
The Online segment is showcasing a CAGR of 9.5% during (2022 - 2028). Owing to the pandemic, the trend of online shopping is rising continuously. The popularity of online shopping channels is also increasing because of the enormous presence of manufacturers. Nowadays, people can easily place an order for a beauty fridge through the official site or a third-party platform, track their orders, and return a damaged product without facing any hurdles. Online shopping channels are highly preferred by busy individuals. The segment will continue to grow with the increasing penetration of internet and smartphone users.
The Up to 4 Litres segment acquired maximum revenue share in the Global Beauty Fridge Market by Capacity in 2021 thereby, achieving a market value of $98.4 Million by 2028. The increasing preference of customers for small-sized beauty fridges is the primary factor influencing the segment’s growth. The small size of these fridges allows easy movability of the device. Most people who use limited products prefer small fridges as these will consume less power and fit perfectly in line with their dressing tables or vanity. Since not many personal skincare products come in huge sizes, beauty fridges of this size is suitable for most people.
The North America market dominated the Global Beauty Fridge Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $73.8 Million by 2028. The Europe market is exhibiting a CAGR of 8.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/beauty-fridge-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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