The North America Beauty Fridge Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
The beauty industry witnessed rapid expansion in the last few years owing to a multitude of factors like rising disposable incomes of people in developing economies and growing demand for efficient products. In addition, certain other significant factors that are propelling the demand for beauty fridges include a rise in the uptake of various beauty procedures like facial treatments, hair removal services, laser skin resurfacing surgeries, etc., along with a substantial rise in the working women proportion.
Moreover, the recent trends point towards the increasing adoption of easy-to-use beauty gadgets that offer faster results and require little to no intervals between usage sessions. The provision of beauty fridges at one’s vanity, along with the storage of products, simplifies the application of products like lotions, fragrances, and creams and makes the process faster.
The region accommodates industrialized nations, including Canada and the US, and has a significant market for cosmetic consumer goods. In this region, the US is considered a major player and a significant contributor to the demand and sales of skincare or beauty fridges. Customers in the region are increasingly opting for products that help in storing and preserving beauty care products. Additionally, the US cosmetic industry holds a significant number of nanotechnology patents, the benefits of which are experienced in the development of innovative cosmetic and beauty products as well. As consumers in the region spend an above-average annual amount on personal and skincare products, it proliferates the growth of the cosmetic and beauty care industry. This further propels the demand for beauty fridges.
The US market dominated the North America Beauty Fridge Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $54,185.2 Thousands by 2028.The Canada market is poised to grow at a CAGR of 10% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.8% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Capacity, the market is segmented into Up to 4 Litres, 4 Litres to 7 Litres, 7 Litres to 10 Litres and More than 10 Litres. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Beauty Fridge Market is Estimated to reach $213.9 Million by 2028, at a CAGR of 8.7%
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.
By Distribution Channel
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