Increasing trends for vegan and natural products is increasing the demand for tea-based skin care products globally
The global tea-based skin care products market is expected to grow at a CAGR of 7.3% during the estimated period from 2021 to 2029, starting from US$ 187.7 Mn in 2020.
The alliance among Ayurveda, cosmetics and anti-aging is gaining popularity in industries such as health, wellness and beauty. As per the Euromonitor International’s report, consumers are being continuously inclining towards age-prevention products. Thereby, increasing the demand for tea-based skin care products globally. As tea offers best source of anti-aging antioxidants such as EGCG. Additionally, growing inclination of customers towards natural skincare products also supports the market growth. For occurrence, a report by Global Cosmetic Industry suggests that, about 30% of the skin care consumers increased the purchase of natural ingredient based products. Furthermore, 33% of skin care consumer prefers to purchase products that offers chemical-free and natural attributes.
Tea-based skin care products helps to hydrates the skin and reduces acne and clogged pores and many other skin problems. Rising demand from middle class population anticipate to enhance the growth of tea-based skin care market. Moreover, flourishing demand for vegan beauty products and increasing awareness about the benefits offered by tea extracts for skin care products drives the market growth.
On the basis of product type green tea holds major share in the overall tea-based product market. The dominance is supported by a number of factors, green tea offers therapeutic properties such as it is capable to fight free radical in the skin, free radicals may lead to cancer. The antioxidant of EGCG present in Green tea helps to repair damage in DNA that is caused by ultraviolet (UV) rays from the sun. This, in turn, can help protect you from nonmelanoma skin cancer, thereby, increasing the demand for green tea based products globally. Moreover, vitamins in green tea, such as vitamin B-2, also help in keeping the skin more youthful. Vitamin B-2 offers the ability of maintaining collagen levels that can improve the firmness of your skin.
Major manufacturers in the skin care industry are focusing to provide new and improved green tea based skin care products to the consumers thereby, increasing the demand for such products globally. For instance, recently Hindustan Unilever launched a new skin care brand. The Citra manufacture products using ingredients such as Japanese Green tea and Korean pink pearl.
In 2020, 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 2020 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.
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.
This study report represents analysis for each segment from 2019 to 2029 considering 2020 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2021 to 2029.
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall tea-based skin care products market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
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The global tea-based skin care products market is expected to grow at a CAGR of 7.3% during the estimated period from 2021 to 2029, starting from US$ 187.7 Mn in 2020.
The alliance among Ayurveda, cosmetics and anti-aging is gaining popularity in industries such as health, wellness and beauty. As per the Euromonitor International’s report, consumers are being continuously inclining towards age-prevention products. Thereby, increasing the demand for tea-based skin care products globally. As tea offers best source of anti-aging antioxidants such as EGCG. Additionally, growing inclination of customers towards natural skincare products also supports the market growth. For occurrence, a report by Global Cosmetic Industry suggests that, about 30% of the skin care consumers increased the purchase of natural ingredient based products. Furthermore, 33% of skin care consumer prefers to purchase products that offers chemical-free and natural attributes.
Tea-based skin care products helps to hydrates the skin and reduces acne and clogged pores and many other skin problems. Rising demand from middle class population anticipate to enhance the growth of tea-based skin care market. Moreover, flourishing demand for vegan beauty products and increasing awareness about the benefits offered by tea extracts for skin care products drives the market growth.
Product Type Analysis
Healing properties of Green tea based skin products dominates the market
On the basis of product type green tea holds major share in the overall tea-based product market. The dominance is supported by a number of factors, green tea offers therapeutic properties such as it is capable to fight free radical in the skin, free radicals may lead to cancer. The antioxidant of EGCG present in Green tea helps to repair damage in DNA that is caused by ultraviolet (UV) rays from the sun. This, in turn, can help protect you from nonmelanoma skin cancer, thereby, increasing the demand for green tea based products globally. Moreover, vitamins in green tea, such as vitamin B-2, also help in keeping the skin more youthful. Vitamin B-2 offers the ability of maintaining collagen levels that can improve the firmness of your skin.
Major manufacturers in the skin care industry are focusing to provide new and improved green tea based skin care products to the consumers thereby, increasing the demand for such products globally. For instance, recently Hindustan Unilever launched a new skin care brand. The Citra manufacture products using ingredients such as Japanese Green tea and Korean pink pearl.
Regional Analysis
Rising Standard of living and increasing income of people in the region supports market growth
In 2020, 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 2020 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.
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.
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
Key Industry Developments:
- In June 2021, Unilever Acquires Tatcha. Tatcha is a skin care brand that develops products from algae. Tatcha isa U.S based brand and is famous for its green tea, rice and algae based creams. Through this acquisition Unilever aims to fulfill the demand for natural cosmetics globally.
- In April 2020, Innisfree launched a new green tea Line. The Beauty Green Tea, offers 3 times more enrichment with more than 16 type of amino acids and moistures the skin. Through the launch of the new Beauty Green Tea Line, Innisfree aims to increase its product portfolio.
- In May 2021, Innisfree expanded its global reach by entering in the market of Hyderabad, India. The company announced its expansion and opened its first store in Hyderabad. Along with the expansion the company also launched two skin care and makeup line named Advanced Beauty Green tea and Volcanic Color Clay Masks.
Historical & Forecast Period
This study report represents analysis for each segment from 2019 to 2029 considering 2020 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2021 to 2029.
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall tea-based skin care products market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the tea-based skin care products market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the tea-based skin care products market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
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Table of Contents
1. Preface
2. Executive Summary
3. Market Dynamics
4. Global Tea-Based Skincare Products (TBSP ) Market, by Product Type, 2017-2029 (US$ Mn)
5. Global Tea-Based Skincare Products (TBSP ) Market, by Application, 2017-2029 (US$ Mn)
6. Global Tea-Based Skincare Products (TBSP ) Market, by Distribution Channel, 2017-2029 (US$ Mn)
7. North America Tea-Based Skincare Products (TBSP ) Market Analysis, 2017-2029 (US$ Mn)
8. Europe Tea-Based Skincare Products (TBSP ) Market Analysis, 2017-2029 (US$ Mn)
9. Asia Pacific Tea-Based Skincare Products (TBSP ) Market Analysis, 2017-2029 (US$ Mn)
10. Rest of the World Tea-Based Skincare Products (TBSP ) Market Analysis, 2017-2029 (US$ Mn)
11. Company Profiles
Companies Mentioned
- 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.
