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Global Beauty Fridge Market to reach USD 257.95 million by the end of 2029

Global Beauty Fridge Market Size study & Forecast, by Distribution Channel (Online, Offline), By Capacity (Up To 4 Liters, 4 Liters To 7 Liters, 7 Liters To 10 Liters, More Than 10 Liters), and Regional Analysis, 2022-2029

Product Code: ICTNGT-42371211
Publish Date: 20-03-2023
Page: 200

Global Beauty Fridge Market is valued at approximately USD 135.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2022-2029. A beauty fridge is a refrigerator specifically designed to house unstable beauty and skincare goods. Stable products are those that degrade, disintegrate, or decompose when exposed to light or heat. Such goods ingredients must be stored at a specific temperature to preserve their uniformity and effectiveness. Additionally, these refrigerators also go by the names of skincare refrigerators and cosmetic refrigerators. These commodities are currently in greater demand as people purchase more expensive and high-end skincare and cosmetics items. The use and demand for beauty fridges have dramatically increased due to the development in skin care awareness and the increasing demand for cosmetic items. Many products shelf lives can be extended with the aid of beauty refrigerators. The industry is growing as a result of increased awareness regarding the correct storage of cosmetics. The rise of digitalization is a crucial driver in the increased demand for these items.

In addition, the abundance of information available and product visibility online are driving up consumer demand for beauty fridges, which is predominantly in developed and developing nations. During the forecast period, it is also projected that the growing manufacturer presence on online marketplaces would contribute to the growth of the global market for beauty fridges. These refrigerators are frequently found in salons and beauty shops. Over the past few years, the beauty salon sector has experienced phenomenal expansion on a global scale. According to Statista, the market for beauty and personal care generated $550.2k in revenue in 2022, with an annual growth rate of 3.80%. Furthermore, the demand for beauty fridges from commercial facilities would increase in the near future due to the growing number of hospitality businesses offering premium services and the rising consumer use of beauty salons. However, concerns about the product’s effectiveness and energy utilization are restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Beauty Fridge Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing customer spending levels brought on by a combination of rising consumer demand for cosmetics. Furthermore, it is projected that the regional market would be driven by a growth in the number of beauty salons and parlors along with an increase in the number of product releases by manufacturers in the area. Whereas, Europe is also expected to grow at the highest growth rate over the forecasting period. Factors such as growing product penetration in developed nations such as the UK, Germany, and France are probably good for regional market growth in the forecasting years.

Major market players included in this report are:
Beautyfridge (Quick Beauty Pty. Ltd.)
Teami Blends LLC
HCK Refrigeration Tech. Co., Ltd
FaceTory Inc.
Church & Dwight Co., Inc.
Crownful Inc.
Koolatron Corporation
Chefman Inc.

Recent Developments in the Market:
 On February 17 2021, Facetory Inc., Introduced the Skincare Fridge- Ice Cream Series, the newest addition to a popular sheet mask line with Korean beauty inspiration. The 5-liter mini-fridge, which debuts in three colours, is tiny enough to be set up for personal use on nightstands, dressers, and other counters. A built-in LED light, temperature display, silent mode, and other cutting-edge features are included.
 In August 2022, Aldi, a German international family-owned discount grocery chain that has over 10,000 stores and operates in 20 countries introduced a new beauty freezer manufactured by Stylproto. It keeps skincare and makeup products chilled, preserving their freshness and delivering amazing skincare benefits.
Global Beauty Fridge Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Distribution Channel, Capacity, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Distribution Channel:

By Capacity:
Up To 4 Liters
4 Liters to 7 Liters
7 Liters to 10 Liters
More Than 10 Liters

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Beauty Fridge Market, by Region, 2019-2029 (USD Million)
1.2.2. Beauty Fridge Market, by Distribution Channel, 2019-2029 (USD Million)
1.2.3. Beauty Fridge Market, by Capacity, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Beauty Fridge Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Beauty Fridge Market Dynamics
3.1. Beauty Fridge Market Impact Analysis (2019-2029)
3.1.1. Market Drivers A rising trend in products based on cold or cryotherapy. Increasing amount of goods using active, organic, and herbal components Plethora of information available and product visibility online drives the market growth.
3.1.2. Market Challenges Concerns about the product’s effectiveness and energy utilisation.
3.1.3. Market Opportunities Increased use of social media which propels product awareness. Higher developments and recent advancements in the manufacturing of beauty fridges.
Chapter 4. Global Beauty Fridge Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Beauty Fridge Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Beauty Fridge Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Beauty Fridge Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Million)
6.4. Beauty Fridge Market, Sub Segment Analysis
6.4.1. Online
6.4.2. Offline
Chapter 7. Global Beauty Fridge Market, by Capacity
7.1. Market Snapshot
7.2. Global Beauty Fridge Market by Capacity, Performance – Potential Analysis
7.3. Global Beauty Fridge Market Estimates & Forecasts by Capacity 2019-2029 (USD Million)
7.4. Beauty Fridge Market, Sub Segment Analysis
7.4.1. Up to 4 Liters
7.4.2. 4 Liters to 7 Liters
7.4.3. 7 Liters to 10 Liters
7.4.4. More than 10 Liters
Chapter 8. Global Beauty Fridge Market, Regional Analysis
8.1. Beauty Fridge Market, Regional Market Snapshot
8.2. North America Beauty Fridge Market
8.2.1. U.S. Beauty Fridge Market Distribution Channel breakdown estimates & forecasts, 2019-2029 Capacity breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Beauty Fridge Market
8.3. Europe Beauty Fridge Market Snapshot
8.3.1. U.K. Beauty Fridge Market
8.3.2. Germany Beauty Fridge Market
8.3.3. France Beauty Fridge Market
8.3.4. Spain Beauty Fridge Market
8.3.5. Italy Beauty Fridge Market
8.3.6. Rest of Europe Beauty Fridge Market
8.4. Asia-Pacific Beauty Fridge Market Snapshot
8.4.1. China Beauty Fridge Market
8.4.2. India Beauty Fridge Market
8.4.3. Japan Beauty Fridge Market
8.4.4. Australia Beauty Fridge Market
8.4.5. South Korea Beauty Fridge Market
8.4.6. Rest of Asia Pacific Beauty Fridge Market
8.5. Latin America Beauty Fridge Market Snapshot
8.5.1. Brazil Beauty Fridge Market
8.5.2. Mexico Beauty Fridge Market
8.5.3. Rest of Latin America Beauty Fridge Market
8.6. Rest of The World Beauty Fridge Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. BeautyFridge (Quick Beauty Pty. Ltd.) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Cooluli
9.2.3. Teami Blends LLC
9.2.4. HCK Refrigeration Tech. Co., Ltd
9.2.5. FaceTory Inc.
9.2.6. Church & Dwight Co., Inc.
9.2.7. Crownful Inc.
9.2.8. Koolatron Corporation
9.2.9. COOSEON
9.2.10. Chefman Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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