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.
A beauty fridge is a refrigerator for storing beauty and skincare products that are unstable. Products that break down or disintegrate or decompose when exposed to light or heat are recognized as unstable products. The ingredients found in such products need to be kept below a certain temperature to maintain their consistency and efficiency.
Additionally, these fridges are also known as skincare fridges and cosmetic fridges. Presently, these commodities are growing in demand for premium and luxury cosmetics and skincare products. The rise in skin care awareness, along with the high demand for cosmetic products, has propelled a dramatic increase in the use and need for beauty fridges across the world.
Beauty fridges have been found to be helpful in extending the shelf life of many products. The rising awareness about the proper storing of beauty products is driving the expansion of the market. A significant factor that contributes to the high demand for these products is the expansion of digitalization.
The expeditiously increasing adoption of the internet and social media platforms are serving as an eminent medium for boosting product and brand awareness. The product is receiving high appreciation from some of the prominent influencers as it provides an aesthetic value to their makeup corners. This, in turn, is influencing the younger generation to purchase the product, and therefore, this occurrence proves beneficial for the market.
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.
A beauty fridge is a refrigerator for storing beauty and skincare products that are unstable. Products that break down or disintegrate or decompose when exposed to light or heat are recognized as unstable products. The ingredients found in such products need to be kept below a certain temperature to maintain their consistency and efficiency.
Additionally, these fridges are also known as skincare fridges and cosmetic fridges. Presently, these commodities are growing in demand for premium and luxury cosmetics and skincare products. The rise in skin care awareness, along with the high demand for cosmetic products, has propelled a dramatic increase in the use and need for beauty fridges across the world.
Beauty fridges have been found to be helpful in extending the shelf life of many products. The rising awareness about the proper storing of beauty products is driving the expansion of the market. A significant factor that contributes to the high demand for these products is the expansion of digitalization.
The expeditiously increasing adoption of the internet and social media platforms are serving as an eminent medium for boosting product and brand awareness. The product is receiving high appreciation from some of the prominent influencers as it provides an aesthetic value to their makeup corners. This, in turn, is influencing the younger generation to purchase the product, and therefore, this occurrence proves beneficial for the market.
COVID-19 Impact Analysis
The pandemic had a negative impact on the beauty fridge market, mainly as a result of lockdown and disruptions in supply chain activities. In the short term, the growth of the market was negative because of the closure of distribution channels and limited manufacturing operations. Additionally, restrictions on gatherings, parties, meetings, and traveling negatively impacted the beauty industry as most people limited their expenditures owing to the uncertainty of the pandemic. As a result, many companies have increased their investments in R&D and product development to broaden their product offerings and offer consumers beauty fridges equipped with advanced features.Market Growth Factors
Increasing trend of cold or cryotherapy-based products
Through numerous research and studies, it has been found that the application of cold products is exceptionally beneficial for the skin. The cold temperature of things applied to the skin, like ice or chilled toners or balm, is highly efficient in combating puffiness, open pores, and spots. This has given rise to the trend of cryotherapy-based crèmes and DIY ice rollers. In addition, the current hectic lifestyles and consumption of alcohol and junk foods have raised strong support for good skincare, and the advantages of cold product applications have garnered this support as well. Therefore, the known benefits of using beauty and cosmetic products kept in a fridge are boosting the growth of the beauty fridge market in the coming years.Rising number of products with active/organic/herbal ingredients
With the rising trend of beauty and skincare, consumers have started demanding products that help in giving benefits to the skin without needing to spend a lot. As a result, a plethora of products is now available in the marketplaces with active ingredients or herbal or organic components. In addition, skin product manufacturers are incorporating temperature-sensitive ingredients like vitamin C, retinol, hyaluronic acids, etc., which are required to be kept at low temperatures. Therefore, both the availability of such products and beauty fridges significantly contributes to the demand for them, especially among working individuals, thereby expanding the development of the market.Market Restraining Factors
Concerns regarding energy use and the efficacy of the product
In recent years, the growing demand for the beauty fridge has also led to increasing criticism of the product. More people are becoming aware of beauty fridges as a want and not a need. This influences a decrease in the demand for the product as many people do not consider it to be a necessity. Additionally, many users claim that beauty fridges are not ideal for keeping cosmetic or makeup products, as instead of preserving them, beauty fridge fastens their disintegration. Makeup products placed in the fridge display separation of constituents. Therefore, all these elements hamper the growth of the beauty fridge market.Capacity Outlook
Based on capacity, the beauty fridge market is categorized into up to 4 liters, 4 liters to 7 liters, 7 liters to 10 liters, and more than 10 liters. The 4 liters to 7 liters segment procured a considerable growth rate in the beauty fridge market in 2021. People who either use a lot of products or decide the usage of products based on skin condition on that particular day prefer to keep all their products in the beauty fridge. The preferable size to hold a bigger volume of products is 4 to 7 liters. Beauty influencers and salons may use beauty fridges of this size and hence drive the growth of the segment.
Distribution Channel Outlook
On the basis of distribution channel, the beauty fridge market is divided into online and offline. The rising preference of most people to shop offline 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 purchasing. Most people also choose to buy products directly from stores rather than waiting for them to be delivered after ordering. Additionally, buying products offline provides clarity about the dimensions and weight of the product as well.Regional Outlook
Based on region, the beauty fridge market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment procured a substantial revenue share in the beauty fridge market in 2021. The rising market presence and adoption by customers of these products in some of the developed nations of the region are driving the expansion of the segment. Many international and regional market participants are launching beauty fridges in this region. Their efforts are successful as in nations with citizens having high disposable incomes the demand for beauty products is continuously increasing.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.
Scope of the Study
By Distribution Channel
- Offline
- Online
By Capacity
- Up to 4 Litres
- 4 Litres to 7 Litres
- 7 Litres to 10 Litres
- 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
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Chefman
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Beauty Fridge Market, by Distribution Channel
1.4.2 Global Beauty Fridge Market, by Capacity
1.4.3 Global Beauty Fridge Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Beauty Fridge Market by Distribution Channel
3.1 Global Offline Market by Region
3.2 Global Online Market by Region
Chapter 4. Global Beauty Fridge Market by Capacity
4.1 Global Up to 4 Litres Market by Region
4.2 Global 4 Litres to 7 Litres Market by Region
4.3 Global 7 Litres to 10 Litres Market by Region
4.4 Global More than 10 Litres Market by Region
Chapter 5. Global Beauty Fridge Market by Region
5.1 North America Beauty Fridge Market
5.1.1 North America Beauty Fridge Market by Distribution Channel
5.1.1.1 North America Offline Market by Country
5.1.1.2 North America Online Market by Country
5.1.2 North America Beauty Fridge Market by Capacity
5.1.2.1 North America Up to 4 Litres Market by Country
5.1.2.2 North America 4 Litres to 7 Litres Market by Country
5.1.2.3 North America 7 Litres to 10 Litres Market by Country
5.1.2.4 North America More than 10 Litres Market by Country
5.1.3 North America Beauty Fridge Market by Country
5.1.3.1 US Beauty Fridge Market
5.1.3.1.1 US Beauty Fridge Market by Distribution Channel
5.1.3.1.2 US Beauty Fridge Market by Capacity
5.1.3.2 Canada Beauty Fridge Market
5.1.3.2.1 Canada Beauty Fridge Market by Distribution Channel
5.1.3.2.2 Canada Beauty Fridge Market by Capacity
5.1.3.3 Mexico Beauty Fridge Market
5.1.3.3.1 Mexico Beauty Fridge Market by Distribution Channel
5.1.3.3.2 Mexico Beauty Fridge Market by Capacity
5.1.3.4 Rest of North America Beauty Fridge Market
5.1.3.4.1 Rest of North America Beauty Fridge Market by Distribution Channel
5.1.3.4.2 Rest of North America Beauty Fridge Market by Capacity
5.2 Europe Beauty Fridge Market
5.2.1 Europe Beauty Fridge Market by Distribution Channel
5.2.1.1 Europe Offline Market by Country
5.2.1.2 Europe Online Market by Country
5.2.2 Europe Beauty Fridge Market by Capacity
5.2.2.1 Europe Up to 4 Litres Market by Country
5.2.2.2 Europe 4 Litres to 7 Litres Market by Country
5.2.2.3 Europe 7 Litres to 10 Litres Market by Country
5.2.2.4 Europe More than 10 Litres Market by Country
5.2.3 Europe Beauty Fridge Market by Country
5.2.3.1 Germany Beauty Fridge Market
5.2.3.1.1 Germany Beauty Fridge Market by Distribution Channel
5.2.3.1.2 Germany Beauty Fridge Market by Capacity
5.2.3.2 UK Beauty Fridge Market
5.2.3.2.1 UK Beauty Fridge Market by Distribution Channel
5.2.3.2.2 UK Beauty Fridge Market by Capacity
5.2.3.3 France Beauty Fridge Market
5.2.3.3.1 France Beauty Fridge Market by Distribution Channel
5.2.3.3.2 France Beauty Fridge Market by Capacity
5.2.3.4 Russia Beauty Fridge Market
5.2.3.4.1 Russia Beauty Fridge Market by Distribution Channel
5.2.3.4.2 Russia Beauty Fridge Market by Capacity
5.2.3.5 Spain Beauty Fridge Market
5.2.3.5.1 Spain Beauty Fridge Market by Distribution Channel
5.2.3.5.2 Spain Beauty Fridge Market by Capacity
5.2.3.6 Italy Beauty Fridge Market
5.2.3.6.1 Italy Beauty Fridge Market by Distribution Channel
5.2.3.6.2 Italy Beauty Fridge Market by Capacity
5.2.3.7 Rest of Europe Beauty Fridge Market
5.2.3.7.1 Rest of Europe Beauty Fridge Market by Distribution Channel
5.2.3.7.2 Rest of Europe Beauty Fridge Market by Capacity
5.3 Asia Pacific Beauty Fridge Market
5.3.1 Asia Pacific Beauty Fridge Market by Distribution Channel
5.3.1.1 Asia Pacific Offline Market by Country
5.3.1.2 Asia Pacific Online Market by Country
5.3.2 Asia Pacific Beauty Fridge Market by Capacity
5.3.2.1 Asia Pacific Up to 4 Litres Market by Country
5.3.2.2 Asia Pacific 4 Litres to 7 Litres Market by Country
5.3.2.3 Asia Pacific 7 Litres to 10 Litres Market by Country
5.3.2.4 Asia Pacific More than 10 Litres Market by Country
5.3.3 Asia Pacific Beauty Fridge Market by Country
5.3.3.1 China Beauty Fridge Market
5.3.3.1.1 China Beauty Fridge Market by Distribution Channel
5.3.3.1.2 China Beauty Fridge Market by Capacity
5.3.3.2 Japan Beauty Fridge Market
5.3.3.2.1 Japan Beauty Fridge Market by Distribution Channel
5.3.3.2.2 Japan Beauty Fridge Market by Capacity
5.3.3.3 India Beauty Fridge Market
5.3.3.3.1 India Beauty Fridge Market by Distribution Channel
5.3.3.3.2 India Beauty Fridge Market by Capacity
5.3.3.4 South Korea Beauty Fridge Market
5.3.3.4.1 South Korea Beauty Fridge Market by Distribution Channel
5.3.3.4.2 South Korea Beauty Fridge Market by Capacity
5.3.3.5 Singapore Beauty Fridge Market
5.3.3.5.1 Singapore Beauty Fridge Market by Distribution Channel
5.3.3.5.2 Singapore Beauty Fridge Market by Capacity
5.3.3.6 Malaysia Beauty Fridge Market
5.3.3.6.1 Malaysia Beauty Fridge Market by Distribution Channel
5.3.3.6.2 Malaysia Beauty Fridge Market by Capacity
5.3.3.7 Rest of Asia Pacific Beauty Fridge Market
5.3.3.7.1 Rest of Asia Pacific Beauty Fridge Market by Distribution Channel
5.3.3.7.2 Rest of Asia Pacific Beauty Fridge Market by Capacity
5.4 LAMEA Beauty Fridge Market
5.4.1 LAMEA Beauty Fridge Market by Distribution Channel
5.4.1.1 LAMEA Offline Market by Country
5.4.1.2 LAMEA Online Market by Country
5.4.2 LAMEA Beauty Fridge Market by Capacity
5.4.2.1 LAMEA Up to 4 Litres Market by Country
5.4.2.2 LAMEA 4 Litres to 7 Litres Market by Country
5.4.2.3 LAMEA 7 Litres to 10 Litres Market by Country
5.4.2.4 LAMEA More than 10 Litres Market by Country
5.4.3 LAMEA Beauty Fridge Market by Country
5.4.3.1 Brazil Beauty Fridge Market
5.4.3.1.1 Brazil Beauty Fridge Market by Distribution Channel
5.4.3.1.2 Brazil Beauty Fridge Market by Capacity
5.4.3.2 Argentina Beauty Fridge Market
5.4.3.2.1 Argentina Beauty Fridge Market by Distribution Channel
5.4.3.2.2 Argentina Beauty Fridge Market by Capacity
5.4.3.3 UAE Beauty Fridge Market
5.4.3.3.1 UAE Beauty Fridge Market by Distribution Channel
5.4.3.3.2 UAE Beauty Fridge Market by Capacity
5.4.3.4 Saudi Arabia Beauty Fridge Market
5.4.3.4.1 Saudi Arabia Beauty Fridge Market by Distribution Channel
5.4.3.4.2 Saudi Arabia Beauty Fridge Market by Capacity
5.4.3.5 South Africa Beauty Fridge Market
5.4.3.5.1 South Africa Beauty Fridge Market by Distribution Channel
5.4.3.5.2 South Africa Beauty Fridge Market by Capacity
5.4.3.6 Nigeria Beauty Fridge Market
5.4.3.6.1 Nigeria Beauty Fridge Market by Distribution Channel
5.4.3.6.2 Nigeria Beauty Fridge Market by Capacity
5.4.3.7 Rest of LAMEA Beauty Fridge Market
5.4.3.7.1 Rest of LAMEA Beauty Fridge Market by Distribution Channel
5.4.3.7.2 Rest of LAMEA Beauty Fridge Market by Capacity
Chapter 6. Company Profiles
6.1 Finishing Touch Flawless (Church & Dwight Co., Inc.)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental Analysis
6.1.4 Research & Development Expense
6.2 The Beauty Fridge (Quick Beauty Pty. Ltd)
6.2.1 Company Overview
6.3 Cooluli
6.3.1 Company Overview
6.4 Teami LLC
6.4.1 Company Overview
6.5 COOSEON
6.5.1 Company Overview
6.6 FaceTory, Inc.
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Product Launches and Product Expansions:
6.7 Hck Refrigeration Tech.Co.,Ltd
6.7.1 Company Overview
6.8 Chefman
6.8.1 Company Overview
Companies Mentioned
- 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
- Chefman
Methodology
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