Report Ocean has recently published the “CBD Skin Care Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
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.
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.
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– 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
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
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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