“Global Beauty Fridge Market to reach a market value of USD 416.85 Million by 2031 growing at a CAGR of 13.4%”
The Global Beauty Fridge Market size is expected to reach $416.85 Million by 2031, rising at a market growth of 13.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,492.18 thousand units, experiencing a growth of 15.5% (2020-2023).
The North America segment is driven by a strong consumer focus on advanced skincare routines and beauty trends, supported by high disposable incomes and a preference for premium lifestyle products. The ubiquitous influence of social media and beauty influencers has increased awareness of the benefits of beauty fridges, thereby promoting their adoption among skincare enthusiasts. Additionally, the strong presence of established beauty fridge manufacturers and robust distribution networks further propels market growth in this region, solidifying North America’s dominance in the market. Thus, the North America segment witnessed 39% revenue share in the market in 2023. In terms of volume, the North America region is expected to utilize 156,860.4 thousand units of beauty fridge by the year 2031.
In recent years, consumer awareness regarding the proper preservation of skincare products has significantly increased. This change is the result of a heightened comprehension of the ways in which external factors, including heat, humidity, and sunlight, can undermine the efficacy and shelf life of cosmetic products.
Additionally, platforms like Instagram, TikTok, and YouTube have transformed these appliances into aspirational products. Influencers such as Hyram Yarbro, known for his skincare expertise, have highlighted the importance of storing sensitive ingredients like Vitamin C and retinol in beauty fridges to maintain efficacy. Thus, the continued influence of social media and the ability of influencers to shape consumer preferences are likely to sustain the growth of this market worldwide.
However, while beauty fridges are designed to keep skincare products at an optimal temperature, prolonging their shelf life and enhancing their effectiveness, this information has not reached a significant portion of the potential customer base. Many individuals continue to store their beauty products in regular refrigerators or at room temperature, unaware of how dedicated cooling solutions can preserve the integrity of their products, especially those containing natural ingredients or active compounds. Hence, these factors may hamper the growth of the market.
Based on distribution channel, the market is bifurcated into offline and online. The online segment procured 37% revenue share in the market in 2023. In terms of volume, 2,074.36 thousand units of beauty fridge are expected to be sold by online distribution channel by the year 2031. The ability to compare a wide range of products, access detailed reviews, and enjoy competitive pricing makes online shopping appealing, particularly to tech-savvy and younger buyers.
On the basis of capacity, the market is classified into up to 4 litres, 4 litres to 7 litres, 7 litres to 10 litres, and more than 10 litres. The up to 4 litres segment acquired 43% revenue share in the market in 2023. In terms of volume, 3,009.93 thousand units of up to 4 liters beauty fridge are expected to be utilized by the year 2031. The up to 4 litres segment is primarily driven by its compact design, making it highly portable and convenient for users with limited space.
Free Valuable Insights: Global Claims Management Market size to reach USD 416.85 Million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment garnered 30% revenue share in the market in 2023. In terms of volume, the Europe region is expected to utilize 124,527.5 thousand units of beauty fridge by the year 2031. An increasing emphasis on self-care and the rising adoption of premium beauty products among consumers propels the European segment. European buyers are drawn to innovative and eco-friendly beauty solutions, positioning beauty fridges as integral to sustainable skincare practices.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 163.20 Million |
| Market size forecast in 2031 | USD 416.85 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 13.4% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Million, and CAGR from 2020 to 2031 |
| Number of Pages | 229 |
| Number of Tables | 508 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Capacity, Distribution Channel, Region |
| Country scope |
|
| Companies Included | 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 |
By Distribution Channel (Volume, Thousand Units, USD Million, 2020-2031)
By Capacity (Volume, Thousand Units, USD Million, 2020-2031)
By Geography (Volume, Thousand Units, USD Million, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 