Creams & Lotions Holds Dominance with 74.3% Share
Driven by rise in demand for anti-ageing and anti-pollution creams due to increasing air pollution and growing consumer demand to overcome the effects of premature ageing. Thus, with excellent anti-ageing, anti-pollution skin care, anti-bacterial, anti-fatique skincare products, and skin soothing features of tea-based creams & lotions is creating a significant hold about 74.3% of the market revenue.
Moreover, over the last few years, there has been an increasing trend of naturally derived beauty and personal care products among consumers which is also driving the demand for global tea-based skin care products across the globe.
Opportunities Abound in Developing Regional Markets
East Asia is expected to account for highest share in the global tea-based skin care products market by 2027. Growing consumer awareness regarding natural ingredients, and significant presence of skin care manufacturers will increase the demand for tea-based skin care products in the region.
China has been a dominant country in the East Asia tea-based skin care products market in terms of consumption. Consumers in the country are demanding for more sophisticated products allow companies to seek for new claims, ingredients, and certifications in the beauty and personal care market. This is helping the tea-based skin care products market to grow at a substantial rate over the forecast period.
Companies are Including Green Tea Extract in Skin Care Products to Gain Competitive Edge
Leading personal care and beauty companies are currently focused on research and development activities, introducing new ingredients, new product launches, and seeking for various organic certifications to resonate with the increasing demand of skin care products with natural ingredients.
In skin care products, green tea extract have a good skin barrier function and skin retention which make it a sustainable skincare ingredient for providing moisturizing antioxidant, and anti-aging properties as well as it also helps in reduce skin roughness. These are the significant factors boosting the global tea-based skin care products market in the near future.
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How Growth will Unfold
The green tea segment is estimated to account for a high value share in the tea-based skin care products market. This segment is expected to remain dominant in the global tea-based skin care products market during the forecast period. This is attributed to the accelerating popularity of green tea not just in beverages and food industry but also as a natural ingredients in personal care industry.
Green tea contains various essential elements such as polyphenols, alkaloids, proteins, vitamins, amino acids, minerals, and many more. Thus, due to presence of higher amount of polyphenols in green tea with strong antioxidant values, it offers various medicinal and therapeutic benefits. Moreover, the presence of phytonutrient values in green tea makes it a precious ingredient for developing skin care products.
WHAT IS FUTURE PROSPECT FOR THE TEA-BASED SKIN CARE PRODUCTS SEGMENT?
The global tea-based skin care products market is expected to grow at a rapid pace in East Asia and South Asia & Pacific owing to frequently launch of products in the region with natural claims along with growing consumer awareness on ingredients used in developing personal care products.
Which will be the preferred tea type in the foreseeable future?
In terms of tea type, green tea segment is expected to witness robust growth during the forecast period of 2019-2027, as it contains higher amount of catechins and polyphenols as compared to black tea.
What type of sales channel is expected to be the most preferred?
In 2019, supermarkets/hypermarkets was the most preferred sales channel and held the highest share in terms of value in the global tea-based skin care products market. However, e-retailers is expected to show higher growth.
Which region will lead the global sales of tea-based skin care products market?
East Asia remains the largest shareholder in the global tea-based skin care products market. China, and South Korea have emerged as a dominant countries in the East Asia tea-based skin care products market in terms of consumption. This segment is also expected to register the higher CAGR during the forecast period.
TEA-BASED SKIN CARE PRODUCTS MARKET TAXONOMY
The global tea-based skin care products market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Creams & Lotions
- Face Packs/Masks
- Other Skincare Products
- Black Tea
- Green Tea
- Direct Selling
- Specialty Outlets
- Convenience Stores
- Beauty Stores
- Other Sales Channel
- North America
- Latin America
- East Asia
- South Asia & Pacific