Q&A: What are these new products using “essence” in the name?

In the August Q&A post, Brian asked, What are these new products using “Essence” in the name? Fresh Black Tea Kombacha and Tatcha The Essence, Plumping Skin Softer, both listing saccharomyces as the first ingredient, and both hitting near $100 in price. The dictionary definition of “Essence” makes no sense here but it is a…