Market Size of Japan Beauty Fridges Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Japan Beauty Fridges Market Analysis
The Japan Beauty Fridges Market has generated gross revenue of USD 82.17 million in the current year and is poised to register a CAGR of more than 5% for the forecast period. A beauty fridge is used to store cosmetics, beauty, and skincare products that need refrigeration to preserve the efficiency of the ingredients. The rising popularity of active and organic ingredients in the skincare routine requires cold storage solutions. Some products, such as retinol and vitamin C, disintegrate in the presence of heat, light, and certain conditions that are unfavorable for their ingredients. Thus, such products require cold and dark storage facilities. Refrigeration is crucial for products such as water-based creams and gels to retain the necessary moisture.
After COVID-19, the inclination toward outdoor recreational activities such as camping among working professionals fueled the demand for beauty fridges. Customers are also keen on using luxurious and productive products during their outing activities, which, in turn, is augmenting the use of portable beauty fridges.
The rise in the number of beauty influencers has paved the way for the market players to increase their sales as such influencers connect with the audience. As a result, boosting the growth of skincare products is anticipated to create opportunities for the market players.
Japan Beauty Fridges Industry Segmentation
A beauty fridge is a refrigerator for storing beauty and skincare products that are unstable. Products that break down, 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. Japan's Beauty Fridges Market is Segmented By Capacity (Up To 4 Liters, 4 Liters to 7 Liters, 7 Liters to 10 Liters, and More Than 10 Liters), By Application (Skincare Products, Haircare Products, and Cosmetics), By Distribution (Online and Offline). The report offers market size and forecasts for the Japan Beauty Fridges Market in value (USD) for all the above segments.
By Capacity | |
Up To 4 Liters | |
4 Liters to 7 Liters | |
7 Liters to 10 Liters | |
More Than 10 Liters |
By Application | |
Skincare Products | |
Haircare Products | |
Cosmetics |
By Distribution | |
Online | |
Offline |
Japan Beauty Fridges Market Size Summary
The Japan Beauty Fridges Market is experiencing notable growth, driven by the increasing demand for skincare products that require refrigeration to maintain their efficacy. The trend towards active and organic ingredients in beauty routines has heightened the need for cold storage solutions, as certain products like retinol and vitamin C are sensitive to heat and light. The post-COVID-19 surge in outdoor activities has further fueled the demand for portable beauty fridges, as consumers seek to maintain their skincare routines even while on the go. The influence of beauty influencers has also played a significant role in boosting market sales, as they promote the benefits of refrigerated skincare products. Additionally, the popularity of cryotherapy-based products and DIY ice rollers underscores the growing awareness of the benefits of cold applications for skin health, contributing to the market's expansion.
The market is characterized by a diverse range of products that cater to consumers seeking effective skincare solutions without high costs. The availability of temperature-sensitive ingredients in skincare products has increased the demand for beauty fridges, particularly among working individuals. The market is fragmented, with both major players and smaller companies innovating to capture market share. Companies like Cooltai, AstroAI, Iris Plaza Freezer, Eenour, and Crownful are leading the charge with technological advancements and product innovations. Recent product launches, such as AstroAI's mini makeup skincare fridge and Eenour's beauty fridge with an LED mirror, highlight the industry's focus on combining functionality with aesthetic appeal. The rising awareness of proper product storage and the benefits of refrigerated beauty products are key factors driving the market's growth in Japan.
Japan Beauty Fridges Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 More Usage of Beauty Products is Driving the Market
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1.3 Market Restraints
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1.3.1 High Price of the Beauty Fridges
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1.4 Market Opportunities
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1.4.1 Technological advancement in beauty fridge market
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Buyers
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1.6.2 Bargaining Power of Suppliers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on technology innovation in the Market.
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Capacity
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2.1.1 Up To 4 Liters
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2.1.2 4 Liters to 7 Liters
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2.1.3 7 Liters to 10 Liters
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2.1.4 More Than 10 Liters
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2.2 By Application
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2.2.1 Skincare Products
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2.2.2 Haircare Products
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2.2.3 Cosmetics
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2.3 By Distribution
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2.3.1 Online
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2.3.2 Offline
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Japan Beauty Fridges Market Size FAQs
What is the current Japan Beauty Fridges Market size?
The Japan Beauty Fridges Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Japan Beauty Fridges Market?
Cooltai, AstroAI, Iris plaza freezer, Eenour and Crownful are the major companies operating in the Japan Beauty Fridges Market.