The global cbd skin care market size is expected to reach USD
1.7 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 32.9% over the forecast period. The healing properties
of CBD ingredients are expected to encourage the manufacturers to develop
products infused with these ingredients, thereby driving the market in the
coming years.
CBD is considered safe and effective for all
skin types, but is particularly useful for people who struggle with
sensitivity, inflammatory conditions, acne, and dryness related to skin. Owing
to these strong inflammatory properties, CBD helps in skin’s natural healing
process, lowering the life span of breakouts and eczema flare-ups. CBD also
showcases potential antioxidant properties that can help in counteracting signs
of aging. It can even help in reducing pain caused by inflammatory skin
conditions.
According to the EU cosmetic ingredient database,
hempseed oil also acts as a surfactant, cleanser, emollient, and conditioner
agent. Hemp molecules are very minute, which further allows it to effectively
penetrate the skin and provide effective results. Hemp based products held the
largest share of 62.8% in 2018 on account of high fatty acid content of the
product. Hemp infused products help in reducing the discomfort by soothing and
rejuvenating dry and damaged skin. They also help in controlling aging
problems, which is likely to drive the application of this source.
CBD based skin care oils led the market and
accounted for a share of 40.9% in 2018. This product type has been gaining an
increasing popularity in the personal care market. It is highly beneficial for
acne, aging, and wrinkle prone skin conditions due to its anti-inflammatory
properties. CBD oil also has antioxidant attributes, which help in reducing the
visible signs of aging.
North America led the market in 2018 and is
expected to be the fastest growing market in the coming years. Demand for CBD
skin care products from North America is expected to remain high due to the
presence of a large customer base and legalization of marijuana in U.S. and
Canada. Currently, about 33 states in U.S. and District of Colombia have
legalized cannabis in U.S., thereby making it the largest market in the world.
The legalization and presence of prominent beauty care manufacturers are
expected to contribute to the market growth over the next few years.
For full research report on CBD Skin Care
Market visit here:
https://www.grandviewresearch.com/industry-analysis/cbd-skin-care-market
Further key
findings from the report suggest:
- The global CBD skin care market is expected to
expand at a CAGR of 32.9% from 2019 to 2025, thereby reaching a value of
USD 1.7 billion by 2025
- North America led the market, accounting for a
share of more than 40.0% in 2018, owing to high demand and legalization of
cannabis in U.S. and Canada
- Hemp based products generated a revenue of USD
147.0 million in 2018
- Some of the major players operating in the
global market are Kiehl’s LLC; Cannuka LLC.; Elixinol Global Limited;
Medical Marijuana Inc.; Endoca LL; Lord Jones; VERTLYBALM; Kapu Maku LLC;
and Leef Organics.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/cbd-skin-care-market/request/rs1
Grand
View Research has segmented the global CBD skin care market on the basis of
source, type, and region:
CBD Skin Care Source Outlook
(Revenue, USD Million, 2015 - 2025)
- Hemp
- Marijuana
CBD Skin Care Type Outlook
(Revenue, USD Million, 2015 - 2025)
- Oils
- Creams &
Moisturizers
- Masks & Serums
- Cleansers
- Others
CBD Skin Care Regional Outlook
(Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South
America
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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