"Overview of Tea-Bases Skincare Market"
The Tea-Bases Skincare Market Registered US$ XX Mn in 2018 and it is Estimated to Reach More than US$ 286.3 Bn by 2027, Likely to Grow with a CAGR of 8.2 % During the Forecast Period.
Tea-based skincare products contain tea-based ingredients used to produce natural skincare products. These products have no side effects and offer several advantages over cosmetic skincare products. Some of the major factors driving the growth of the global tea-based skincare market include inclination towards natural cosmetic products, rising awareness about harmful skincare products, and benefits of tea-based skincare products.
Advantages Associated with Tea-Based Skin Care led to the growth of the Global Market
Tea-based skincare is gaining popularity across the globe. This is mainly due to the benefits offered by these products. Also, the rising awareness regarding the harmful effects of chemical skincare products is putting a positive impact on the growth of the tea-based skincare market. The tea-based skincare contains a high concentration of several ingredients which helps to improve skin health and reduce the signs of aging. Some of the ingredients include magnesium, antioxidants, manganese, vitamin B, potassium, vitamin E, tannin, and folate. Tannins are used to treat oily skin and control sebum production. Similarly, Vitamin E offers nourishment, skin regeneration, and hydration. All these factors promote the use of tea-extracts in skincare products. Different types of tea-extracts such as hibiscus, green, white, oolong, and spearmint are widely being used to make skincare products. These ingredients help the skin to reduce clogged pores, eczema, and acne. Green tea is the most popular ingredient among then due to its antibacterial, anti-inflammatory, and antioxidant properties. These factors are likely to boost the growth of the global tea-based skincare market.
Facial Products Segment Dominates the Global Tea-Bases Skin Care Market
Based on the product, the facial segment is anticipated to be the dominant segment throughout the forecast period. The segment held more than 60% share in 2018. This is mainly due to rising concern regarding appearance which leads to the increasing demand for facial products including serum, cream, moisturizer, compact, concealer, toner, and many other products that are being used to apply on face. Moreover, the rising demand for a tea-based face mask which is rich in vitamin B-2 and antioxidants is expected to create ample opportunity for the segment growth.
Food & Beverages and Pharmaceutical is the Key End-Use Industry for Tea-Bases Skin Care
By distribution channel, the offline segment dominates the global market whereas the online segment is projected to show impressive growth in the coming years. The majority of tea-based skincare products sale is generated from supermarkets and stores. This is due to the facility of testing and assistance provided by store managers.
Conversely, the online segment is projected to show the highest growth rate of 8.2 % between 2018-2024. This is the result of strong marketing and advertising programs, availability of a wide range of products, and attractive discounts. These factors promote the growth of online distribution channels.
Offline Segment Occupied Significant Market Share
Based on the distribution channel, the offline segment is anticipated to be the dominant one over the forecast period. Whereas, the online distribution channel is projected to show the highest growth rate during the timespan of the research study. The dominance of the offline segment is due to the facility of testing and assistance from store managers. Consumers can physically view the products before buying.
On the other hand, owing to the attractive discounts and hassle-free shopping offered by online channels it is gaining traction.
The Asia Pacific Dominates the Global Tea-Based Skin Care Market
The Asia Pacific dominates the global tea-based skincare market by holding significant market share in 2018. The major factor driving the growth of the region includes rising prevalence for natural and organic products in the region. Consumers prefer buying organic beauty products rather than cosmetic products in Asian countries including China, India, Japan, and South Korea. Additionally, the presence of major players in China supports the growth of the tea-based skincare market in the Asia Pacific. The easy availability of raw materials in the Asia Pacific has a major contribution to the growth of the APAC region. China and Japan are the largest markets for tea-based skin care products in the Asia Pacific.
Continuous Research to Achieve Perfect Sensitivity is the Strategy Adopted by the Players Present in this Market
The global tea-Bases Skin Care market is fragmented with several local, small and few global players, which makes the market highly competitive. The enterprises are focused on expanding their presence with organic methods such as product launch, partnerships, collaborations, and merger & acquisition activities.
Some of the prominent companies operating in the global tea-Bases Skin Care market include ArtNaturals, Lu Ming Tang, Schmidt's Naturals, Organic Tea Cosmetics Holdings Co Ltd., SkinYoga, Natura & Co, 100% PURE, Avon Products, Inc., and Unilever.
Global Tea-Bases Skin Care Market by Product
- Body care
- Facial Care
Global Tea-Bases Skin Care Market by Distribution Channel
Global Tea-Bases Skin Care Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America