The tea-based skin care products market is estimated to be valued at USD 582.8 million in 2023 and is expected to reach USD 1,300 million by 2033. The adoption of tea-based skin care products is likely to advance at a CAGR of 8.3% during the forecast period.
Growing preference for natural and organic ingredients in skin care products, as opposed to conventional chemical-based ingredients, is expected to fuel sales of tea-based skin care products. In addition to this, increasing sales of skincare products through online channels will augment the growth in the market.
Rising awareness regarding synthetic cosmetics in emerging economies will spur demand in the market. Manufacturers are launching multi-functional skin care products to cater to diverse consumer demographics, which will bode well for the market in the forthcoming years. Future Market Insights predict a comparison and review analysis of the dynamics of the tea-based skin care products market, which is principally subjected to an array of industry factors along with a few definite influences concerning viewpoints that support industry innovation.
Some new advances that have taken place in the market include the manufacturers introducing new ingredients and seeking organic certifications to keep up with the growing demand. Key reasons for this change in growth rate are attributed to the steady uptake of the market during the first half of the forecast period, owed to the rising awareness regarding synthetic cosmetics and their harmful effects on the skin is compelling consumers to invest in organic and plant-based ingredients. Unilever in 2019 acquired Japan-based Tatcha LLC to expand its product portfolio of green tea-based skin care products.
Despite these prospects, there are some likely challenges that stay ahead for the industry, which include the limited availability of economy-range organic skin care products is expected to hamper the growth in the market. Products with high quality and organically sourced natural ingredients are marketed at higher price points, which might influence sales of tea-based skin care products.
Attribute | Details |
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Estimated Market Size 2023 | USD 582.8 million |
Projected Market Size 2033 | USD 1300 million |
CAGR from 2023 to 2033 | 8.3% |
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Demand for tea-based skin care products is forecast to increase at an 8.3% CAGR, in comparison with the 7.9% CAGR registered between 2018 to 2022. Tea is emerging as a popular ingredient in various skincare and personal care products as it contains a high concentration of vitamin B & E, caffeine, tannin, antioxidants, folate, manganese, and potassium. These ingredients are known to delay the signs of aging and improve the texture and appearance of the skin.
Ingredients such as vitamin E provide hydration to the skin while promoting cell regeneration and nourishment. Tannins are effective for controlling sebum production for individuals with oily and sensitive skin. Backed by these benefits, tea is being used as an active ingredient in various skin care formulations, which will fuel the growth in the market.
Nature's Elixir: The Surging Appeal of Green Tea Skincare Products
Rising awareness regarding synthetic cosmetics and their harmful effects on the skin is compelling consumers to invest in organic and plant-based ingredients. In response to this, manufacturers are introducing new ingredients and are seeking organic certifications to keep up with the growing demand.
Brands are using different types of teas such as oolong, white tea, spearmint, green tea, and hibiscus owing to their various benefits. Among these, green tea is the most popular ingredient as it contains antioxidants, antibacterial and anti-inflammatory properties. Green tea extract also improves the skin barrier function and skin retention, thereby enhancing the skin's moisture-absorbing properties. It has anti-aging properties and helps in reducing roughness.
White tea extracts are gaining popularity in the global skincare market. It helps retain moisture and prevent sun damage. Other tea types including oolong, hibiscus, and spearmint tackle skin issues such as eczema, acne, and clogged pores.
Unraveling the Barriers: Decoding Tea-based Skin Care Product Sales Dilemma
Limited availability of economy range organic skin care products is expected to hamper the growth in the market. Products with high quality and organically sourced natural ingredients are marketed at higher price points, which might influence sales of tea-based skin care products.
The prevalence of counterfeit products without proper organic certification are expected to limit sales. These products are manufactured using fake ingredients and in unhygienic conditions which causes skin reactions.
As per FMI, the United States will emerge as a hotspot for investments in the North American tea-based skin care products market, with sales projected to grow at an 8.2% CAGR over the forecast period.
Increasing expenditure on skincare and personal care products in the country, along with growing inclination towards natural and organic skincare products will drive demand for tea-based skin care products in the forthcoming years. The presence of global beauty brands and rising incidence of skin-related allergies and disorders will continue pushing sales in the market over the forecast period.
China is anticipated to command a dominant share in the East Asia tea-based skin care products market, with demand growing at an 8.1% CAGR over the assessment period.
Consumers in China are shifting from conventional synthetic cosmetics to organic skincare products due to their benefits. As a result, manufacturers are incorporating various types of teas such as oolong, white tea, and hibiscus in cleansers, face creams, and serums. Such developments are expected to bode well for the market in the forthcoming years.
Demand for tea-based skin care products in India is slated to grow at an 8% CAGR amid increasing incidence of skin-related disorders such as acne and eczema among teenagers and adults.
Social media influence and celebrity endorsements are triggering interest in organic skin care products among consumers in India, which is expected to bode well for the market. In addition to this, expansion of the eCommerce industry is ensuring product availability in the country, which in turn will push sales of tea-based skin care products over the forecast period.
Based on product type, sales in the creams and lotions segment are poised to increase at an 8.9% CAGR over the forecast period. Growth can be attributed to easy availability and convenience offered by creams and lotions as they are can be evenly spread on the skin and absorb quickly.
Manufacturers are launching multi-functional tea-based creams and lotions that tackle issues such as anti-ageing, acne, sun damage, and dehydration. Such developments are expected to push sales in this segment over the forecast period.
In terms of tea type, sales of black tea-based skin care products are anticipated to gain traction at an 8.5% CAGR over the assessment period. Black tea offers various benefits to the skin such as anti-inflammatory properties and antioxidants that reduce the signs of aging and blemishes.
By skin type, the sensitive skin segment will expand at a considerable pace over the forecast period. Consumers with sensitive skin are preferring tea-based skin care products as they have anti-inflammatory properties that reduce skin redness, itchiness, irritation, and swelling.
In terms of sales channels, the e-retailers segment is expected to account for a dominant share in the market over the assessment period. The growing trend of online shopping is compelling manufacturers to improve the functionality of their websites to increase sales. They are offering discounts, deals, and offers to attract consumers, which in turn will drive sales in this segment.
The competitive landscape of the tea-based skin care products market is thriving with numerous players vying for a significant market share. Established brands boast a wide range of innovative products leveraging various tea extracts. New entrants bring fresh ideas, focusing on eco-consciousness and customization.
Companies emphasize transparency, eco-friendly packaging, and responsible sourcing to appeal to conscious consumers. Strategic partnerships, mergers, and acquisitions are common strategies to expand their market reach. As the demand for natural and sustainable skincare products grows, key players invest in research and development to stay ahead in this dynamic and competitive market.
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Report Attribute | Details |
---|---|
Market Value in 2023 | USD 582.8 million |
Market Value in 2033 | USD 1,300 million |
Growth Rate | CAGR of 8.3% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Product Type, Tea Type, Skin Type, Sales Channel, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Laboratories du Palais Royal; AmorePacific Corporation; Organic Tea Cosmetics Holdings Co Ltd.; Avon Products, Inc.; L'Oréal S.A.; Natura & Co.; Unilever; 100% PURE; Schmidt's Naturals; ArtNaturals; SkinYoga; The VLCC Group; ARTDECO Cosmetic GmbH; Burt's Bees Inc.; Korres Natural Products Company; Kendo Holdings Inc.; Dr. Bronner's; Avalon Natural Products, Inc.; Elizabeth Arden, Inc.; BCL SPA |
Customization& Pricing | Available upon Request |
The market is valued at USD 582.8 million in 2023.
The market is forecast to record a CAGR of 9.3% through 2033.
North America is likely to generate an 8.2% CAGR by 2033.
A CAGR of 8% is expected for India by 2033.
Serums are expected to be popular type in the market.
Estimated Size, 2024 | USD 2,923.3 Million |
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Projected Size, 2034 | USD 6,131.3 Million |
Value-based CAGR (2024 to 2034) | 7.7% |
Estimated Market Size (2023E) | USD 6.08 Billon |
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Projected Market Valuation (2033F) | USD 8.71 Billion |
Value-based CAGR (2023 to 2033) | ~5% |
Market Size (2023E) | USD 23.06 Billion |
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Market Projected Size (2033F) | USD 35.47 Billion |
Value CAGR (2023 to 2033) | 4.4% |
Estimated Sales (2014) | USD 39.1 Billion |
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Projected Sales (2020) | USD 50.8 Billion |
Value-based CAGR (2014 to 2020) | 4.5% |
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