Home / Press Release / Global Tea-Based Skincare Products Market Expected To Grow At A CAGR Of 7.3% During The Forecast Period

Global Tea-Based Skincare Products Market Expected To Grow At A CAGR Of 7.3% During The Forecast Period

The latest market report published by Credence Research, Inc. “Tea-Based Skincare Products Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the tea-based skincare products market was valued at US$ 163.8 Mn in 2018 and expected to grow at a CAGR of 7.3% during the forecast period from 2019 to 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 increases the demand for tea-based skin care products globally. Green tea offers great healing properties and antioxidants herbs thereby, providing various dermatological benefits to the skin. Thereupon manufacturers are focusing on using green tea in skin care products such as creams, lotions, and serums. For instance, Origins, a company based in the U.S, manufacture various range 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.

The demand for tea-based skin care products is increasing globally. Moreover, Asia Pacific holds the largest share in the global tea-based skin care products market. Due to increasing income of people in the Asia Pacific region. Green tea is most widely used product in the overall tea-based skin care products market, as green tea offers antioxidant and anti-aging properties. Moreover, increasing demand for vegan and organic products and increasing online shopping trends globally drives the demand for tea-based skin care products market.

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

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

Browse the full report at https://www.credenceresearch.com/report/tea-based-skin-care-products-market

The Global Tea-Based Skin Care Products Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 By Product Type (2017–2027; US$ Mn)

 By Application (2017–2027; US$ Mn)

 By Distribution Channel (2017–2027; US$ Mn)

 By Geography (2017–2027; US$ Mn)

*Complete segmentation list is on report page

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