CBD Skin Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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CBD Skin Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : February, 2021 | Consumer Goods

Report Digest

Global CBD Skin Care Market: Overview

Market prospects and interest of cosmetic companies in CBD (cannabidiol, its FDA-regulated name) have stemmed from its numerous medical and therapeutic benefits. CBD is bereft of marijuana’s tetrahydrocannabinol (THC) content, has wide-ranging beneficial effects in skin care, such as in acne control and anti-aging. The drive for CBD skin care market has gathering strength on the back of a growing body of studies ascertaining the anti-inflammatory effects of CBD on skin. CBD skin care has also gathered steam in personal care due to its antioxidant effect. Moreover, it is considered to reduce sensitivity of skin and various other problems that arise due to this.

The study on the CBD skin care market strives to offer a comprehensive assessment of the market proposition of various formulations, prospects in various end-use industries, and current opportunities in emerging economies of the world. The analysts take a closer look at the changes in consumer preferences and regulatory norms in various parts of the world, to shed light on how growth trajectories will be affected in near future.

Global CBD Skin Care Market: Key Developments

CBD brands in developed nations have started taking active interest in skin care and beauty care segments. An emerging hemp-derived CBD brands HUGS Wellness has in June 2020 announced that it aspired to enter the CBD skin care market with exciting launches. It has recently launched chamomile clay mask and eye serum. The Austin-based company through CBD skin care hopes to explore new possibilities in personal and beauty care industry. Through the product, the company aims at meeting the skin inflammation, wrinkles, and irritation reduction needs of its consumers.

Such product launches will inevitable expand the horizon of CBD skin care market. The company has based its products on rigorous testing of extracts and CBD in them.

Some of the well-entrenched players in the CBD skin care market looking to gain sizable shares by the end of 2028 are the CBD Skincare.co,           Myaderm, LEEF Organics, Kiehl’s, Josie Maran Cosmetics, Earthlybody (CBD Daily), and Cannuka, LLC. Several players are leaning on offering clean labelling to attract prospective consumers.

Global CBD Skin Care Market: Growth Dynamics

The study of the CBD skin care market takes a closer look at key drivers and restraints shaping its growth dynamics. The analysis also provides a detailed scrutiny of the key consumer and industry trends in CBD that will impact opportunities for personal and beauty care product manufacturers in various parts of the world.

A key driver of CBD skin care market is the vast purported benefits of CBD in anti-wrinkle and anti-aging formulations. The demand for exotic formulations spurs consumers’ interest in hemp-derived CBD formulations. Further, growing spending on appearances among young adults, men as well as women, has spurred interest in CBD skin care market. Moreover, millennials are showing interest in exotic plant-based formulations for the care of sensitive skin types.

Global CBD Skin Care Market: Regional Analysis

On the regional front, North America has emerged as a remarkable lucrative market with vast revenue potential. A large number of research and development has been made in part of the U.S. and Canada on evaluating the beneficial effects of CBD on various kin types. Further, several beauty care brands are keen on entering the CBD care market by launching new products in the region. Moreover, a favorable regulatory outlook toward the therapeutic use of CBD oil has helped cement the prospects of the regional market.

On the other hand, the opportunities in Asia Pacific are expected to rise at promising pace.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?