Tea-based Skin Care Market Investment Analysis and Growth Opportunities 2028
A recent market intelligence report that is published by Data Insights Partner on the global Tea-based Skin Care Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Tea-based Skin Care Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Tea-based Skin Care Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Tea-based Skin Care Market is offered. In accordance with the report, the global Tea-based Skin Care Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Definition
Skin care products that are produced with significant utilization of natural tea and its variants like white tea, green tea, hibiscus tea, spearmint tea and oolong tea is known as tea-based skin care products. Tea is a rich source of beneficial properties that aids a variety of skin care issues. Magnesium, manganese, potassium, folate, tannin, caffeine, Vitamin E and Vitamin B are some of the vitamins and minerals that are richly imputed in tea. These makes it fit for skin care treatment.
Market Drivers
The surging health awareness among the consumers is providing the initial impetus to the tea-based skin care market. The consumers are increasingly getting aware with regard to the harmful influence of the synthetic chemical products that are incorporated in inorganic skin care products and their adverse influence on the human health which is driving this market.
The benefits associated with the deployment of tea-based skin care products is fueling the growth of this market. It consists of antioxidant properties and anti-inflammatory properties. It lowers the rapidity of the aging process. It hydrates the skin and does away with the probability of eczema, acne, and other shin related concerns. It improves the texture and tone of the skin owing to it being an excellent astringent property. It defends the skin from the harmful effects of the sun and UV rays. The use of tea-based skin care product accrues numerous benefits to the user which is charging up the growth of this market.
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The soaring employment of the female population in the workforce has indirectly charged up the growth of this market. Further, the upsurge in the purchasing power of the individual around the globe and the skyrocketing middle-class population especially in the developing nations has accelerated the growth of this market.
The use of synthetic chemical products has negatively impacted the environment. Growing environmental concerns among the millennials and also rigid directives of the government aimed at environment conservation is supporting the growth of the tea-based skin care products.
Market Restraints
The use of tea-based skin care products has led to side effects of the users. Side effects include rashes and allergies which is hindering the growth of this market.
Tea-based skin care products are of immoderate prices. The prices of these organic products are extravagant relative to that traditional skin care products and skin care products that make use of synthetic chemicals. These premium prices make it beyond the reach of consumers with low and average income and threatening the growth of this market.
Local and regional brands provide such tea-based skin care products to consumers at a low price and of low quality. They also tend to imitate the packaging style of leading brands. This attracts the unaware consumers and is severely straining the growth of this market.
The cut-throat competition among the market players results in the chances of adopting unfair practices that is impeding the growth of this market.
Opportunities
Rapid urbanization and transitioning of the lifestyle patterns of the people is expected to provide good chances to kickstart operations in this market.
Packaging plays a pivotal role in attracting consumers. New and exclusive packaging with aesthetically pleasing labeling is expected to provide ample opportunities to this market.
The penetration of internet and social media is expected to provide lucrative opportunities to this market for adopting new selling and advertising techniques and widening consumer base.
Trends
In terms of revenue, the Asia Pacific region holds a significant share accounting to 30% and is expected to continue its domination and even emerge as the fastest growing region in the forecast period. The presence of tea plantations that has resulted in the ample supply of raw material coupled with the association with natural skin care products for a length of time in the past, for example Ayurveda in India are the main reasons behind such progress. Moreover, the presence of leading players of this market and their attractive promotional techniques have positively led to the growth of this region. The facial skin care segment holds a significant position and is projected to dominate in the forecast period owing to the soaring need for visual aesthetics and the penetration of social media platforms. The Face mask section is expected to register massive growth. Globally, the tea-based skin care products market is expected to grow at CAGR of 7.5% in the forecast period.
Segment Covered:
This market intelligence report on the global Tea-based Skin Care Market encompasses market segments based on product type, distributional channel and country.
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By Product Type the global Tea-based Skin Care Market has been divided into:
q Body Care
q Facial Care
q Others
By Distributional Channel the global Tea-based Skin Care Market has been divided into:
q Online
q Offline
o Convenience Stores
o Supermarkets/Hypermarkets
o Others
By country/region, the global Tea-based Skin Care Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Unilever
q Schmidt’s Naturals
q Avon Products
q Lu Ming Tang
q AmorePacific Corporation
q Natura & Co.
q Purity Cosmetics
q Organic Tea Cosmetics Holdings Co Ltd
q ArtNaturals
q L’Oreal S.A.
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Tea-based Skin Care Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Unilever
In June 2019, Tatcha LLC was acquired by Unilever. The prime objective of this acquisition was the expansion of its organic skin care product’s business globally. This acquisition resulted in the expansion of its tea-based skin care products.
Schmidt’s Naturals
In July 2018, a jasmine tea scent body wash was launched by Schmidt’s Naturals. The aim of this lauch was to improve its market presence.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Tea-based Skin Care Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Tea-based Skin Care Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Tea-based Skin Care caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Tea-based Skin Care Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Tea-based Skin Care Market
v Identification of key factors driving investment opportunities in the Tea-based Skin Care Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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