The modern-day document posted via Report Ocean, titled “CBD Skin Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global CBD skin care market was valued at $633.6 million in 2018 and is anticipated to reach $3,484.00 million by 2026, with a CAGR of 24.80% during the forecast period. Cannabis plant family mainly is categorized into hemp and marijuana. Cannabis comprises of variety of different compounds know as cannabinoids, which comprises of tetrahydrocannabinol (THC) that induces psychoactive effects. CBD infused drugs are used to treat anxiety, chronic pain, sleep ailments, and mood disorders. Another type of cannabis plant know as Hemp is typically grown for its fiber. Cannabis extracted from Hemp does not, contain more than 0.3% of THC.
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Hemp is largely used in industrial applications including paper manufacturing, clothing, biofuel, food products, oil, and other type of THC free CBD products. However, Marijuana is mainly used for recreational and medicinal purposes. The CBD skin care market exhibits an incremental revenue opportunity of $2,747.4 million from 2019 to 2026. The rise in acceptance of cannabis industrial, medical, and consumer goods manufacturing attracts leading players in the world to invest into R&D activities in this nascent market. The increased investments from global players is expected to fuel the revenue growth of overall CBD skin care market in near future.
Rise in cannabis applications across the wellness and beauty especially for CBD oil is attracting a lot of attention of investors to engage into manufacturing activities. The CBD oil possesses unique anti-inflammatory and anti-acne properties, which are quite popular among cosmetic manufacturer. The CBD oil based products finds variety of wellness applications and are popular among athletes and body builders. The oil claims the reduction of post-exercise inflammation and also promotes muscle growth. CBD is also making way across makeup and cosmetic product including face creams, lip balms, mascara, and body lotion through its unique attributes of anti-inflammation. The increase in popularity of CBD based skin care products and legalization of cannabis cultivation among the U.S. and Canada is anticipated to further boost the revenue growth of the CBD skin care market.
Segment review
The CBD skin care market is segmented on the basis of product type, source, distribution channel, and region. By product type, it is categorized into oils, lotion & creams, masks & serums, bath & soaps, and others. By form, it is categorized into hemp and marijuana. By distribution channel, it is categorized into departmental stores, e-commerce, hypermarkets/supermarkets, retail pharmacies, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Middle East, Latin America, and Africa).
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Key benefits for stakeholders
– -The report provides an extensive analysis of the current and emerging market trends and opportunities in the global market.
– -The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
– -A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
– -An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
– -The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
– Key Players in Value Chain
o Kiehl’s LLC
o Cannuka LLC
o Leef Organics
o Medical Marijuana Inc.
o Lord Jones
o Kapu Maku LLC
o VERTLYBALM
o Elixinol Global Limited
o Fab CBD Company
o Endoca LLC.
o L’Oreal
o Varm Cosmo
o L’Eela
o Apothecanna
o Charlotte’s Web Holdings
o Kana Skincare
o Josie Maran Cosmetics
o Cronos Group
o CBD Biotech
o Estee Lauder
Key Market Segments
By Product Type
– Oils
– Lotion & Creams
– Masks & Serums
– Bath & Soaps
– Others
By Source
– Hemp
– Marijuana
By Distribution Channel
– Departmental Stores
– E-commerce
– Hypermarkets/Supermarkets
– Retail Pharmacies
– Others
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By Region
– North America
o U.S.
o Canada
o Mexico
– Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea
o Rest of Asia-Pacific
– Europe
o Germany
o France
o UK
o Spain
o Italy
o Rest of Europe
– LAMEA
o Middle East
o Latin America
o Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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