Tea-Based Skincare Products Market- Global Industry Analysis, Growth, Size, Trends and Forecast 2027

Market Insights

“Development of new products by top manufacturers worldwide will upgrade the growth during the forecast period”

Health and skin benefits associated with tea increase global demand for tea-based skin care products. Green tea offers great healing properties and antioxidant herbs, providing various dermatological benefits to the skin. Thereupon manufacturers focus on the use of green tea in skin care products such as creams, lotions and serums. For example, Origins, a U.S.-based company, has been producing a variety of white tea skin care products for a number of years. Origins products are composed with anti-aging and includes antioxidant moisturizer with white tea. Fresh, is a skincare company based in Boston. The company Fresh offers Age-Defying Skincare line, that includes products range derived from black tea.

Globally, demand for tea-based skin care products is increasing. In addition, Asia Pacific holds the largest share in the global market for tea-based skin care products. Increased income for people in the Asia-Pacific region. Green tea is the most widely used product on the global market for tea-based skin care products, as green tea offers antioxidant and anti-aging properties. In addition, increasing demand for vegan and organic products and increasing online shopping trends are driving demand for tea-based skin care products worldwide.

Top manufacturers in the tea-based skincare industry are mainly focusing on developing new products for better consumer experience.

Regional Analysis

“Rising Standard of living and increasing income of people in the region supports market growth”

In 2018, Asia Pacific dominates the tea-based skincare products market. The dominance is led by the factors such as, the overall skin care products industry of Asia Pacific is valued at more than 50 Bn in 2018 and expected to grow at a expanding CAGR during the forecast period. Thereby, increasing the demand for tea-based skin care products in the region. Moreover, increasing inclination of millennial population towards tea-based skin care products and rising per capita income of people in the Asia Pacific region dominates growth of the market.

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Hong Kong, South Korea, China and Malaysia are considered as high potential countries in the region for tea-based skin care products. Rising disposable incomes in the developing countries such as China, and India expected to drive the sales for tea-based skin care products in the region. Additionally, inclination of male population towards skincare solutions is also boosting growth in the sector. Presence of major manufacturers of tea-based skin care products such as, Organic Tea Cosmetics Holdings Co. Ltd. and SkinYoga supports the growth of tea-based skin care products market in the Asia Pacific region.

Industrial Developments

In July 2018, Schmidt launched a new product. The new body wash is available in the market with two fragrance, jasmine tea and Cendarwood plus Juniper. The Schmidt’s new body wash are plant-based and vegan. The body wash provides antioxidant properties.
In October 2018, Amorepacific announced its expansion in Oceania region. Amorepacific delivers high-end skincare and cosmetic products. The company develops skincare products from green tea. The consumers who prefers healthy and vegan skin care products tends to buy Amorepacific’s skin care range.

Key Market Movements:

Globally, the tea-based skincare market is growing at a CAGR of 7.3% during forecast period from 2019 to 2027
The Asia Pacific holds the largest share in the overall tea-based skincare products market in 2018. The presence of major tea-based skincare manufacturers and increasing inclination of customers towards vegan products in the region. Moreover, the presence of major manufacturers of tea-based skin care manufacturers supports the market growth.
Europe region expected to grow at the fastest CAGR of 7.8% during the forecast period, due to an increasing trend for vegan products. A report by soil association 2019, records that the sale of certified organic and natural beauty products in the UK accounts for about 86 million euros in the year 2018, thereby, increasing the demand for tea-based products in the European region.
The application segment is further divided into body care, facial care, and others. The facial segment holds a dominant share for the tea-based skincare market in 2018. The facial segment holds about 60% of the total market share. Moreover, expanding demand for tea-based facial masks supports market growth.

List of Companies Covered:

  • AmorePacific Corporation
    Schmidt’s Naturals
    • ArtNaturals
    • L’Oreal S.A.
    • SkinYoga
    • Organic Tea Cosmetics Holdings Co. Ltd.
    • Avon Products, Inc.
    • Unilever
    • Lu Ming Tang
    • Origins Natural Resources, Inc.
    • Fresh LLC

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DoC: https://issuu.com/robsonspot/docs/tea-based_skincare_products_market.docx

Medium: https://medium.com/@vegachaudhry/tea-based-skincare-products-market-healing-properties-of-green-tea-based-skin-products-dominates-905898821f51

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