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Dublin, Jan. 25, 2023 (GLOBE NEWSWIRE) — The “Global Beauty Refrigerator Market Size, Share & Industry Trends Analysis Report by distribution channel (offline and online), by capacity (up to 4 liters, 4 liters to 7 liters, 7 liters to 10 liters and over 10 liters), according to regional forecasts and forecasts, 2022 – 2028” report has been added to ResearchAndMarkets.coms to offer.
The global beauty refrigerators market size is expected to reach $213.9 million by 2028, rising at a market growth rate of 8.7% CAGR over the forecast period.
Market Growth Factors
Rising trend of products based on cold or cryotherapy
Through numerous studies and studies, applying cold products has proven to be extremely beneficial to the skin. The cold temperature of things applied to the skin, such as ice or refrigerated toners or balm, is very efficient in combating puffiness, open pores and blemishes. This has led to the trend of cryotherapy based creams and DIY ice rollers.
In addition, today’s hectic lifestyles and the consumption of alcohol and junk food have created a strong support for good skin care, and the benefits of cold product applications have also brought this support.
Therefore, the well-known benefits of using beauty and cosmetic products stored in the refrigerator will drive the growth of the beauty refrigerator market in the coming years.
Increasing number of products with active/organic/vegetable ingredients
With the rising trend of beauty and skin care, consumers have come to demand products that help benefit the skin without spending much. As a result, there is now a plethora of products available on the market with active ingredients or plant-based or organic components. In addition, manufacturers of skin products use temperature-sensitive ingredients such as vitamin C, retinol, hyaluronic acids, etc., which must be stored at low temperatures.
Therefore, the availability of such products as well as beauty refrigerators contribute significantly to the demand for them, especially among working individuals, thereby increasing the development of the market.
Capacity prospect
Based on capacity, the beauty refrigerator market is divided into up to 4 liters, 4 liters to 7 liters, 7 liters to 10 liters and over 10 liters. The 4 liter to 7 liter segment drove significant growth in the beauty refrigerator market in 2021. People who use a lot of products or decide to use products based on the skin condition on that particular day, prefer to store all their products in the beauty refrigerator. The preferred size for a larger volume of products is 4 to 7 litres. Beauty influencers and beauty salons can use beauty refrigerators of this size and thus drive the growth of the segment.
Distribution channel Outlook
On the basis of distribution channel, the beauty refrigerator market is divided into online and offline. The increasing preference of most people for offline shopping is the main factor influencing the expansion of the segment. People prefer to shop in stores as they like to see and touch and interact with the product before buying it. Most people also choose to buy products directly from stores instead of waiting for them to be delivered after ordering. In addition, buying products offline also provides clarity about the dimensions and weight of the product.
Regional outlook
On the basis of region, the beauty refrigerator market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment achieved a significant revenue share in the beauty refrigerator market in 2021. Increasing market presence and customer adoption of these products in some of the developed countries in the region are driving segment expansion. Many international and regional market participants are launching beauty refrigerators in this region. Their efforts are successful as in countries with high disposable income citizens, the demand for beauty products is constantly increasing.
The market research report deals with the analysis of the major stakeholders in the market. Key companies profiled in the report include Finishing Touch Flawless (Church & Dwight Co., Inc.), The Beauty Refrigerator (Quick Beauty Pty. Ltd.), Cooluli, Teami LLC, COOSEON, FaceTory, Inc., Hck Refrigeration Tech. Co., Ltd. and Chefman.
Scope of the study
By distribution channel
By capacity
Up to 4 litres
4 liters to 7 liters
7 liters to 10 liters
More than 10 litres
By geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Niger
Rest of LAMEA
Main players in the market
List of companies profiled in the report:
Perfect Finish (Church & Dwight Co., Inc.)
The Beauty Refrigerator (Quick Beauty Pty. Ltd)
Cooluli
Teami LLC
COOSEON
FaceTory, Inc.
Hck Refrigeration. Co., Ltd
chef
Main topics:
Chapter 1. Market reach and methodology
Chapter 2. Market overview
Chapter 3. Global Beauty Refrigerator Market by Distribution Channel
Chapter 4. Global Beauty Refrigerator Market by Capacity
Chapter 5. Global Beauty Refrigerator Market by Region
Chapter 6. Company Profiles
For more information on this report, please visit https://www.researchandmarkets.com/r/2npfwi-beauty?w=12
About ResearchAndMarkets.com
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