Global Tea-based Skin Care Market - 2022-2029

Global Tea-based Skin Care Market - 2022-2029

Market Overview

The global tea-based skin care market is valued USD xx million in 2021 and is forecast to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029)

Tea is a popular ingredient in skin care products as it contains a high concentration of vitamin B and E, caffeine, tannin, antioxidants, folate, manganese, and potassium. This ingredient helps skin glow and maintain healthy skin. It also improves the texture and appearance of the skin. Vitamin E provides hydration to the skin while promoting cell regeneration and nourishment. Green tea improves skin barrier functions, serves as antioxidant protection, and boosts sun protection. The anti-inflammatory properties of green tea help to improve the appearance of the skin. In addition, green tea bags are used to remove dark circles under the eyes. As a result, tea extract is used as an active ingredient in various skin care formulations.

Market Dynamics:

Rising consumer awareness towards benefits of tea-based skincare products

Tea-based skincare products play an important role in skin health. In skincare products, tea is used in various forms such as extract, camellia, seed oil, leaf powder and others; they have a lot of advantages over the skin. Green tea is one of the most popular tea products for skincare. It is available in serum, toner, creams and lotions. Green tea compounds contain significant antioxidant, anti-inflammatory, and anti-carcinogenic properties. According to Mintel's global new products database, green tea is the most familiar skincare ingredient in China, as it composed over 50 % of tea-based skincare products in 2016. Also, green tea fights cancer by promoting DNA repair. It contains a powerful antioxidant called Epigallocatechin gallate, which fights DNA damage from UV rays to prevent skin cancer. Green tea has powerful anti-inflammatory properties. Black tea contains a high amount of caffeine, which sucks up moisture, de-puff and firm skin. It's rich in tannins, antioxidants that can shield the skin from environmental damage, fight bacteria, hydrate, and nourish. It is very effective for oily skin. White tea is less processed, so it may contain more antioxidants than green tea, and they are effective for all skin types. Matcha is more potent than green tea; it helps reduce the redness of the skin and protects it from UV rays and pollutants. It gives a better result with a mixture of aloe vera honey and water and helps to smooth skin. Rooibos tea is a product of red tea beneficial for dry skin. It contains antioxidants that are helpful to increase cell turnover and helps to avoid premature aging of the skin.

Market Segmentation:

Facial care segment held highest market revenue share of XX% in the year 2021

Mist, toner, sunscreen, mask, moisturizer, serum, face cream, and cleanser are the mostly used products for the facial care. These facemasks are rich source of vitamin B2 and high source of antioxidants that help in reducing the signs of aging and maintaining collagen levels and retaining the glow of the skin. Increasing demand for the tea based face pack positively impact on the growth of market. Increasing demand for organic and natural skin products is expected to grow the demand for tea-based skincare products. Manufacturers are concentrating on expanding their product line by introducing products like body wash, body soap, oil, and lotion. For example, The Body Shop has a range of Skincare products that consist of body wash, oils, and lotion and they are a cruelty-free brand promoting vegan beauty.

Geographical Penetration:

Asia pacific is expected to dominate the global tea-based skin care market in the year 2021

The usage of organic ingredients in formulating beauty products has gained popularity in the region. India, Japan, South Korea, Malaysia, Singapore, Thailand, Taiwan, Hong Kong, and China are the major markets in the Asia Pacific. China accounted for over 50% share of the green tea production, which will help local tea-based skincare product manufacturers to increase their production. White tea and green tea extracts are gaining significant popularity in Japan and China. The region has a broad history of tea culture that has further helped boost the production for easy availability of the raw material. The presence of key players, including AmorePacific Corporation, Lu Ming Tang, Skin Yoga, and Soh-cha, has played a major role in promoting product visibility in the Asia Pacific region. The Asia Pacific has a history of tea culture, which has boosted the production sector due to the easy availability of raw materials.

Competitive Landscape:

The global tea-based skincare market remains fragmented due to local and private-label brands. Some of the key players in tea-based skincare are AmorePacific Corporation, Hangzhou Pa Yi Luo Ya Cosmetics Co., Ltd., L'Oréal S.A., Unilever, and Natura & Co. among others. Major companies enhance their product portfolio by new agreement of merger and acquisitions. For instance, in Dec 2021, L'Oréal signed an agreement to acquire Youth to the People, an American skincare company based in California. Youth to the people skincare expertise based on healthy, vegan, and high-efficacy formulas make it a very strategic addition to L'Oréal. In June 2021, Unilever announced the agreement with tatcha. Tatcha works with Japanese and US scientists to create new formulas from the foundation of green tea, rice and algae. This modified skincare brand is distributed through the distribution channel and online Centres.

COVID-19 Impact: Negative impact on the global tea-based skin care market

The tea-based skincare industry has been adversely affected owing to the COVID-19 outbreak. All countries went through strict lockdown regulations. For instance, the strict lockdown measures in India, the world’s second tea producer, had shut down production of all agricultural industries for several weeks in March and April. Recently, tea gardens and small tea growers have been picking up tea production and export again, but the lockdown has significantly impacted tea producers and smallholder livelihoods. The tea-based skincare industry is greatly affected by the covid19 pandemic, mainly because of a shortage of raw material, national lockdowns and social distancing policies. Export and import restrictions are creating uncertainty in the tea-based skincare market. The majority of the tea-based skincare products are sold through an offline channel. Due to strict lockdown, offline retail shops have been closed for a long time. Also, various manufacturers have been forced to shut down their manufacturing units, disrupting the supply chain. Consumer spending on non-essential products has reduced in the last few months, which, in turn, has negatively affected the market growth.

Why Purchase the Report?
• Understand the current market scenario and viability of global tea-based skin care market over the forecast period
• Visualize the composition of the global pet food market in terms of product and distribution channel to identify major players, growth potential, and market strategies
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• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global tea-based skin care market – Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global tea-based skin care market report would provide an access to approximately 53 market data tables, 45 figures and 180 pages

Target Audience:
• Cosmetic Products Manufacturers
• Tea Products Manufacturers
• Education & Research Institutes
• Research Professionals