Global Beauty Fridge Market Forecast, Trend Analysis And Competition Tracking - Market insights 2015 to 2031

Beauty Fridge Market Introduction

The "beauty fridge" is a term commonly used to describe the dedicated refrigerator section in a beauty salon or spa that houses products such as lotions, makeup, and nail polish. The term was coined because it is common for people to store their daily beauty products at home in their regular refrigerators. The term is typically used when talking about the dedicated refrigerator section in a salon and not other types of fridges. Beauty fridges are refrigerators that are specially designed to store beauty products. The skincare industry has experienced a period of growth, which has led to an increased demand for these items. One of the reasons for this is the increasing number of women taking care of their appearance by using makeup, cleansers, moisturizers, and other products.

Beauty fridges are refrigerators that are designed to store beauty products, such as face masks, hair dye, skin care products, and makeup. The beauty fridge is marketed primarily for women, but it is also marketed to men who would like to store their grooming supplies in one place so they can save time by not having to search through their home.

Global Beauty Fridge Market Revenue Outlook:

Global Beauty Fridge Market was estimated to be valued at US$ 52.3 Mn in 2020 and is projected to approximately register а САGR of 5.8% by 2031.

Increasing demand for beauty fridges trend in the beauty industry

Beauty fridges are small refrigerators that are used to store certain beauty products, mainly masks and serums. These devices are also available in several different sizes to accommodate the various products that one may use on a daily basis, such as eye gel or cleanser. The development of different skincare and facial and hair treatments is driving the demand for beauty fridges. To date, many beauty fridges have been introduced to the beauty market.

Beauty fridges are becoming an increasing trend in the beauty industry because they provide a convenient option for storing products in a controlled environment. Usually, when people purchase items from certain beauty retailers, they will receive the products in a plastic package, which exposes them to bacteria. On the other hand, Beauty fridges keep all the products at a temperature that does not allow bacteria to increase and keep all beauty products fresh.

Overall Impact of COVID-19 Pandemic

Several industries, including beauty care, skincare, haircare, color cosmetics, perfumes, and personal care, are severely affected by the COVID-19 crisis. Due to widespread store closures, sales in the first quarter of 2020 were weak. Brands are shifting their production methods to producing detergents and hand sanitizers and providing free beauty services to front-line workers. On the other hand, as the number of vaccinations increases, the situation is expected to be normal. Lifting the lockdown and other restrictions have helped the economy regain growth, including the beauty refrigerator market.

The personal care industry is largely considered to be able to withstand the economic downturn, but in the context of the current coronavirus (COVID-19) pandemic, the unique economic, legislative and lifestyle factors surrounding consumption will be effective in 2020 and beyond. The industry poses an unprecedented challenge because we are beginning to see inevitable changes in consumption patterns, channel dynamics and beauty habits. The discretionary nature of several beauty categories makes them particularly vulnerable to economic downturns, as well as to lockdown measures, selective retail closures, and travel restrictions.

Top Ten Cosmetics Companies In The World Based On Revenues in 2020

1. L’Oréal
2. Unilever
3. LVMH
4. Kao
5. Coty
6. P&G
7. Estée Lauder
8. Shiseido
9. Beiersdorf
10. Johnson & Johnson

Global leading beauty consuming countries

1. United States
2. China
3. Japan
4. Brazil
5. Germany
6. United Kingdom
7. India
8. France
9. South Korea
10. Russia

Opportunity for Global Beauty Fridge Market

Increasing demand for beauty fridges is an revenue growth opportunity for manufacturers because their products are consumable. The only challenge with this type of product is to make sure it's fresh enough to be consumed by the time it reaches its destination. This can be mitigated if the fridge has an automatic-defrosting feature, but it's hard to retrofit existing models with this technology. In addition, changes in lifestyles in emerging markets have prompted people to live healthier lives and increased awareness about consumption of fresh produce, so keeping them cool is vital.This factor is expected to increase  the sales of household appliances including refrigerators in various regions of the world. In addition, the increase in disposable income and technological progress should also create opportunities for the growth of the global beauty refrigerator market.

Regional Analysis

North America region is leading in the beauty industry globally

North America is expected to have a higher market share of beauty refrigerators because it has more high-end households than any other region in the world that can afford these appliances. Due to the increase in environmental protection awareness in European countries such as Germany and France, the demand for Beauty refrigerators will also be on the rise.

In East Asia, Chinese beauty refrigerator manufacturers have led to an increase in their value share contribution and made them the leader in all other countries in the region. This is due to the increasing awareness of beauty care and the need to keep up with the daily beauty trends in the market.

Competitive Landscape

The Global Beauty Fridge Market landscape appears highly consolidated, with a major chunk of it being dominated by below players.

• Cooluli
• Teami
• HCK Fridge
• Haier
• SAST
• CHIGO
• Face Tory
• Flawless
• Midea
• Grossag
• Chefman
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Global Beauty Fridge Market, By Product Type

• Mechanical Temperature Control
• Computer Temperature Control

Global Beauty Fridge Market, By End-Use           

• Residential
• Commercial

Global Beauty Fridge Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Multi-brand Stores
• Independent Small Stores
• Online Stores
• Other Distribution Channels