Tea-Based Skincare Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Type (Facial Care, Body Care, and Others (Lip Care, Eye Care, etc.)), End Use (Individual, Fashion & Entertainment Industry, Salons & Parlor), By Distribution Channel (Specialty Stores, Exclusive Stores, Online, Hypermarkets & Supermarkets, Others (Pharmacies, Direct Sales, etc.)), B
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTea-Based Skincare Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Type (Facial Care, Body Care, and Others (Lip Care, Eye Care, etc.)), End Use (Individual, Fashion & Entertainment Industry, Salons & Parlor), By Distribution Channel (Specialty Stores, Exclusive Stores, Online, Hypermarkets & Supermarkets, Others (Pharmacies, Direct Sales, etc.)), B
The Global tea-based skincare market is driven by growing demand for organic beauty products. Furthermore, rising consumer awareness regarding the harmful effects of chemical skincare products is expected to fuel the growth of the global tea-based skincare market.
Various types of teas, such as green, white, oolong, spearmint, and hibiscus, are commonly used in the formulation of tea-based skincare products. White tea extract aids in the retention of moisture and the prevention of sun damage to the skin. Hibiscus, oolong, and spearmint teas aid in the treatment of skin conditions such as eczema, clogged pores, and acne. Green tea is high in antioxidants and has anti-inflammatory and antibacterial properties that make it one of the most often utilized substances in the cosmetics sector. Tea is one of the best ingredients for enhancing the beauty that is used in supplements and skin care products, which is positively impacting tea-based skincare market.
According to the Reserve Bank of India, India's GDP will exceed USD16 trillion in purchasing power parity terms (up from USD10 trillion in 2021). In terms of purchasing power parity (PPP), India is the world's third-largest economy, accounting for 7% of global GDP after China (18 percent) and the United States (16 percent).
The growing popularity of beauty supplements to improve skin radiance and smoothness, and reduce aging-related problems, will increase the market demand. Manufacturers are also enhancing their formulae in order to release advanced skincare products. For instance, in 2021, Ustawi declared the launch of the Green Tea Matte Finish Moisturizer. Similarly, in 2021, Nature's Sunshine Products announced a new clean beauty line that would include green tea and calming algae under the l'amara brand. In addition, the growing impact of social media, increasing demand for natural products, increasing advertising for tea-based skincare products, and expanding global e-commerce coverage positively impact the tea-based skincare market.
Increasing Consumer Awareness Fueling the Market Growth
For instance, in 2022, According to the US Census and the Simmons National Consumer Survey, the average American spends USD322.88 per year on skin care.
Growing Consumer Preference for Vegan Products is Driving Market Growth.
Furthermore, the market for environment-friendly products is growing, as interest in vegan cosmetics. As a result, consumer expectations have shifted dramatically, with customers making purchasing decisions based on sustainability and embracing goods with ingredients derived from organic sources. For example, a company called Once Upon A Tea offers skincare products. Every one of their products, from serums and moisturizers to masks, toners, eye masks, and lip care, are vegan and has never been tested on animals. Furthermore, the growing demand for vegan beauty products, the increasing frequency of skin issues,as well as increased awareness about the benefits of tea extracts in skin care products drive market growth.
Market Segmentation
Company Profiles
Amorepacific Corporation., Natura &Co, L'Oréal S.A., Unilever Plc, SKINYOGA INTERNATIONAL LLP, Organic Tea Cosmetics Holdings Co Ltd. Gipefi Cosmetics Inc, Virgin Scent, Inc (ArtNaturals), Avon Products, Inc., Origins Natural Resources Inc.
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