Tea-based Skin Care Market Analysis Report By Product, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global tea-based Skincare market size was accounted for USD 168.2 million, in 2018 and is anticipated to grow at 7.5% CAGR over the forecast period. Increasing awareness regarding the anti-inflammatory, anti-aging, and antioxidant properties of tea extract are anticipated to drive its application in Skincare and cosmetic products, thereby, augmenting the market growth. Further, increasing awareness about vegan beauty products considering the issues regarding animal cruelty will further fuel the growth of the market.

Tea contains a high concentration of vitamin B, caffeine, folate, magnesium, manganese, potassium, vitamin E, and antioxidants. These ingredients delay the signs of aging and improve the texture of the skin. Vitamin E facilitates cell hydration, nourishment, and regeneration. Oily skin can be treated by controlling sebum production with the help of tannins. As a consequence, tea extract can be used as an active ingredient in preparing various skincare formulations. All the above factors are projected to propel the demand for tea-based Skincare products in the upcoming years.

Various types of tea like green, white, oolong, spearmint, and hibiscus are basically used in formulating tea-based Skincare products. White tea extract aids in retaining moisture and preventing damage caused due to sun exposure. Hibiscus, oolong, and spearmint tea help in reducing skin problems like eczema, clogged pores, and acne. Green tea is rich in antioxidants and has anti-inflammatory and antibacterial properties that make it one of the most popular ingredients used vastly in the cosmetic industry.

Increasing preference of consumers towards organic or natural products is anticipated to positively impact the tea-based Skincare market. The demand is further propelled by increasing awareness regarding the harmful effects of using synthetic cosmetics. Moreover, factors like the rapid rate of urbanization and the increasing buying power of the middle-class population in developing countries like India, Brazil, and China are expected to drive the demand for tea-based Skincare products in the upcoming years.

Product Insights

The facial Skincare products segment dominated the market with over 65% of the share in the total revenue in 2018. Mist, toner, sunscreen, mask, moisturizer, serum, cleanser, face cream, and cleanser are some of the popular products of this segment. Increasing demand for tea-based facemasks is expected to positively impact the growth of the segment. These facemasks are rich in vitamin B2 and antioxidants that help in reducing the signs of aging and maintaining collagen levels and retaining the glow of the skin.

Increasing demand for organic and natural products is expected to propel 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.

Distribution Channel Insights

The offline channel of distribution dominated the market with more than 75% of the share in the total revenue in 2018. Specialty stores and supermarkets majorly attribute to the sales in the offline retail outlets. Consumers usually prefer brick-and-mortar stores as they can see the products physically before purchasing them. It also enables product assistance and testing from brand representatives. This factor is expected to propel the growth of this segment in the forecast period.

The online channel of distribution is anticipated to grow at the fastest CAGR of 6% in the forecast period. Online platforms are easy to use and are more convenient. This factor majorly drives the growth of this segment. These websites basically offer a wide range of products at discounted prices along with easy comparison and selection of products. Quick product delivery also has a positive effect on channel growth. E-retailer giants of tea-based Skincare products are Sephora; Strawberrynet; Feelunique International Limited; Ulta Beauty, Inc.; and Amazon.

Regional Insights

Asia Pacific region dominated the market with over 30% of the share in the total revenue in 2018. The usage of organic and natural 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. The region has a broad history of tea culture that has further helped in boosting the production for easy availability of the raw material. Green tea is mostly manufactured in this region. Green tea is vastly used in formulating Skincare products.

Impact of COVID-19

The beauty & skincare industry has been adversely affected owing to the COVID-19 outbreak. The majority of the beauty & Skincare products are sold through an offline channel. Owing to the imposition of strict lockdown measures, offline retail shops have been closed. Additionally, various manufacturers have been forced to shut down their manufacturing offices, thereby, disrupting the supply chain. Additionally, consumers spending on non-essential products has reduced significantly in the last few months, which, in turn, has negatively affected the market growth. However, online sales of tea-based skincare products are gaining traction and manufacturers are offering a lucrative discount to attract customers and gain competitive advantages.

Tea-based Skincare Market Share Insights

The global market of tea-based Skincare is highly competitive in nature because of the presence of domestic as well as global players. Some of the major players of the market include L'Oréal S.A.; Schmidt's Naturals; ArtNaturals; Avon Products, Inc.; Unilever; Amorepacific Corporation;100% PURE; SkinYoga; Lu Ming Tang; Natura & Co; and Organic Tea Cosmetics Holdings Co Ltd. The major players are focusing on expanding their product line in order to meet the rising demand for natural and organic tea-based Skincare products.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global tea-based Skincare market report based on product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Facial Care
    • Body Care
    • Others

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Online
    • Offline

• Region Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • The U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • South Korea
    • Central & South America
        • Brazil
    • Middle East & Africa
        • Saudi Arabia