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Tea Based Skin Care Products Market By Product Type (Green Tea, White Tea, Black Tea), By Application (Body Care, Skin Care, Others), By Distribution Channel (Online, Offline) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

"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 2019 to 2027, starting from US$ 163.8 Mn in 2018.

The alliance between Ayurveda, cosmetics, and anti-aging is gaining popularity in the health, wellness, and beauty industries. As per Euromonitor International's report, consumers are continuously inclining toward age-prevention products. Thereby increasing the demand for tea-based skin care products globally. As tea offers the best source of anti-aging antioxidants such as EGCG. Additionally, the growing inclination of customers towards natural skin care products also supports market growth. For occurrence, a report by Global Cosmetic Industry suggests that about 30% of skincare consumers increased their purchase of natural ingredient-based products. Furthermore, 33% of skin care consumer prefers to purchase products that offer chemical-free and natural attributes.

Tea-based skin care products help hydrate the skin and reduce acne, clogged pores, and many other skin problems. Rising demand from the middle-class population anticipates enhancing the growth of the tea-based skincare market. Moreover, the flourishing demand for vegan beauty products and increasing awareness about the benefits offered by tea extracts for skin care products drives market growth.

Market Synopsis

Product Type Analysis

"Healing properties of Green tea-based skin products dominate the market."

On the basis of product type, green tea holds a major share in the overall tea-based product market. A number of factors support its dominance; green tea offers therapeutic properties, such as it is capable of fighting free radicals in the skin, and free radicals may lead to cancer. In addition, the antioxidant EGCG present in Green tea helps repair DNA damage caused by ultraviolet (UV) rays from the sun. This, in turn, can help protect you from nonmelanoma skin cancer, increasing the global demand for green tea-based products. Moreover, vitamins in green tea, such as vitamin B-2, also help in keeping the skin more youthful. Vitamin B-2 offers the ability to maintain collagen levels that can improve the firmness of your skin.

Major skincare manufacturers focus on providing consumers new and improved green tea-based skin care products, thereby increasing the demand for such products globally. For instance, recently, Hindustan Unilever launched a new skincare brand. In addition, Citra manufactures 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 support market growth"

In 2018, Asia Pacific dominated 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 an expanding CAGR during the forecast period. Thereby increasing the demand for tea-based skin care products in the region. Moreover, the increasing inclination of the millennial population toward tea-based skin care products and the rising per capita income of people in the Asia Pacific region dominates the market's growth.

Hong Kong, South Korea, China, and Malaysia are considered high potential countries in the region for tea-based skin care products. Rising disposable incomes in developing countries such as China and India are expected to drive the sales of tea-based skin care products in the region. Additionally, the inclination of the male population towards skincare solutions is also boosting growth in the sector. Furthermore, the presence of major manufacturers of tea-based skin care products, such as Organic Tea Cosmetics Holdings Co. Ltd. and SkinYoga, supports the growth of the 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 2019, Unilever Acquired Tatcha. Tatcha is a skincare brand that develops products from algae. Tatcha is a U.S.-based brand 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 2018, Innisfree launched a new green tea Line. The Beauty Green Tea offers three times more enrichment with more than 16 types 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 2019, Innisfree expanded its global reach by entering 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 skincare and makeup lines: Advanced Beauty Green tea and Volcanic Color Clay Masks.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Product Type (2017–2027; US$ Mn)

  • Green Tea
  • White Tea
  • Black Tea

 Application (2017–2027; US$ Mn)

  • Body Care
  • Facial Care
  • Others (Hair Care, etc.)

 Distribution Channel (2017–2027; US$ Mn)

  • Online
  • Offline

 Geography (2017–2027; US$ Mn)

  • North America (U.S., Canada)
  • Europe (U.K., Germany, Spain, Italy, Rest of Europe)
  • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
  • Rest of the World (Latin America, Middle East & Africa)

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. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

Frequently Asked Questions:

The market for Tea Based Skin Care Products is expected to reach US$ 163.8 Mn in 2028.

The Tea Based Skin Care Products market is expected to see significant CAGR growth over the coming years, at 7.3%.

The report is forcasted from 2019-2027.

The base year of this report is 2021.

AmorePacific Corporation, Schmidt's Naturals, ArtNaturals, L'Oreal S.A., SkinYoga, Organic Tea Cosmetics Holdings Co. Ltd., Avon Products, Inc., Unilever are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jan 2020
Category:  Consumer Goods
Report ID:   60171
Report Format:   PDF
Pages:   140
Rating:    4.1 (58)
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