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Versatile Properties of CBD Infused Skin Care Products Augment the Global CBD Skin Care Market Growth

According to a new market research report published by Inkwood Research, the Global CBD Skin Care Market is projected to evolve at a CAGR of 27.13% during the forecasting years of 2020-2028.

"Browse 41 market Data Tables and 44 Figures spread over 115 Pages, along with an in-depth TOC on Global CBD Skin Care Market Forecast 2020-2028".
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CBD, known as cannabidiol, is a non-intoxicating component extracted from marijuana or hemp plants. It is generally extracted in the form of powder and mixed with different types of oils such as coconut, olive, and hemp oil to make it more effective in various applications. CBD products possess extraordinary attributes such as antioxidant, anti-inflammatory, and skin-soothing properties in a single bend making it one of the major components in skin care and personal care products. The major factors contributing to the market growth are multi-functional attributes of CBD infused skin care products, high demand for personal care products manufactured using natural ingredients, and growing health awareness.  


Multi-valued Attributes of CBD Infused Skin Care Products is Fueling Market Growth

The legalization of marijuana and cannabis-based cosmetics brought comprehensive benefits of CBD infused skin care products into limelight. CBD products are gaining recognition and acceptance as they offer multiple benefits such as improved sleep, treatment of skin conditions like Psoriasis, eczema, acne, and provide a calming effect. The cosmetic companies are taking advantage of these unique benefits associated with CBD based skin care products. These companies are promoting these products as ‘natural cosmetics’ in the market. Moreover, CBD is widely used as an active aromatherapy ingredient by sleep specialists as its calming properties improve sleep among patients suffering from obstructive sleep apnea. These multi-functional attributes of the products are driving the market growth.

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CBD Oils Leading the Product Type Segment

Natural oils such as olive oil, coconut oil, and shea butter oil have been used for skin care products for ages. Essential oils made by cannabis has become a recent trend in the skin care oil segment. CBD oil in skin care products is useful for a large number of applications, from acne to wrinkles. This oil is suitable for acne-prone skin as it is non-inflammatory, and its calming effect helps the skin feel better. These multiple benefits of CBD oils make it a suitable product for skin care, hence creating growth opportunities worldwide.

Asia Pacific Region is predicted to Register the Highest Growth Rate

The Asia Pacific CBD skin care market is evaluated to be the fastest-growing region during the projected period. The region is one of the unexploited CBD markets, and the numerous market opportunities will be benefitted from the global trend of cannabis legalization. The increasing interest in making marijuana legal in the market by the countries provides enormous opportunities for the growth of skin care products in the region.

The market is fragmented, and the extent of disintegration is estimated to increase during the forecast period. However, the industry rivalry is expected to be high during this period as the market is characterized by the presence of renowned market players, who are concentrating on technological innovations of new and advanced extracts in personal care products. Some of the leading companies functioning in the market are Endoca BV, Cannuka, LLC, Cronos Group Inc, Kiehl's LLC, Elixinol Global Limited, etc.
About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.
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