November 09, 2021
According to the business intelligence report titled ‘Global Tea-based Skin Care Market Size study, by Product (Facial Care, Body Care and Others), by Distribution Channel (Offline and Online), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global tea-based skin care market was assessed at USD 194.38 billion in 2020 and is anticipated to be worth USD 322.49 billion by 2027, expanding at 7.5% CAGR between 2021-2027.
Surging demand for organic & natural personal care products, growing penetration of social media platforms, and soaring personal incomes are the key factors driving global tea-based skin care market expansion.
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For the unversed, tea-based skin care products include ingredients such as Vitamin E, Vitamin B, caffeine, tannin, folate, manganese, potassium, and others. These ingredients help in enhancing & maintaining personal beauty, improve appearance of skin, prevent signs of aging, and treat fine lines & imperfections, which in turn is also adding traction to the overall market size.
Increasing number of product launches will aid revenue inflow as well. In July 2021 for instance, Utsawi announced that it is planning to launch the Green Tea Matte Finish Moisturizer. Nature’s Sunshine Products Inc., on the other hand, unveiled a new clean beauty line containing algae and green tea.
While improved e-commerce coverage worldwide, growing number of advertisements, and increasing demand for cosmetic products will augment the market revenue inflow, high cost of product will act as a major challenge for businesses operating in this domain.
Based on product gamut, global tea-based skin care industry is split into body care, facial care, and others. Speaking of distribution channel, the business sphere is divided into online, and offline.
From the regional frame of reference, Asia Pacific held majority of global tea-based skin care market share in the recent past and is projected to witness considerable expansion between 2021-2027 owing to increasing young population, rising demand for skin care products, and high usage of tea since traditional times.
Leading players profiled in global tea-based skin care market report are AmorePacific Corporation, Organic Tea Cosmetics Holdings Co. Ltd., Lu Ming Tang SG, Natura & Co. Holding S.A., ArtNaturals, Avon Products Inc., Unilever plc, L'Oréal S.A., SkinYoga, and Schmidt's Naturals.