According to a new report, published by KBV research, 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 Offline segment is leading the Global Beauty Fridge Market by Distribution Channel in 2023, thereby, achieving a market value of $249.6 million by 2031. The offline segment in the beauty fridge market thrives on the traditional shopping experience, where consumers can physically inspect and test products before purchasing. This tactile interaction builds trust, especially for high-investment appliances like beauty fridges. Additionally, knowledgeable sales staff in retail outlets provide personalized recommendations, enhancing the shopping experience. The strategic location of beauty fridges in specialty stores, beauty supply shops, and premium retail outlets also increases visibility, encouraging impulse purchases and reinforcing consumer confidence in the product.
The 4 Litres to 7 Litres segment is anticipating a CAGR of 13.2% during (2024 - 2031). The 4 litres to 7 litres segment is propelled by its versatility, offering a balance between compactness and enhanced storage capacity. This segment appeals to users who require more space for a wider range of beauty products, including larger skincare bottles and multiple items. It caters well to small families, professionals, or shared households, addressing the need for mid-sized beauty fridges that combine practicality with functionality. Additionally, the segment benefits from increasing consumer demand for appliances that support more diverse beauty routines, making it a preferred choice for those seeking a flexible storage option.
Full Report: https://www.kbvresearch.com/beauty-fridge-market/
The North America region dominated the Global Beauty Fridge Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $156.86 million by 2031. The Europe region is experiencing a CAGR of 13.2% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 14.1% during (2024 - 2031).
By Distribution Channel (Volume, Thousand Units, USD Million, 2020-2031)
By Capacity (Volume, Thousand Units, USD Million, 2020-2031)
Unique Offerings 
