“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 2023 to 2030, starting from US$ 201.4 Mn in 2021.
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.
“Healing properties of Green tea based skin products dominate 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.
“Rising Standard of living and increasing income of people in the region supports market growth”
In 2021, 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:
Key Industry Developments:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Tea Based Skin Care Products market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
| |
Application
| |
Distribution Channel
| |
|
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report
