Cannabidiol (CBD) Cosmetics Market Scope
The Cannabidiol (CBD) Cosmetics market is expected to witness high demand in the forecasted period due to rising awareness about the benefits of the CBD products across the globe. Cannabidiol (CBD) is a naturally occurring compound derived from the cannabis plant and is one of the hundred cannabinoids present in the hemp plant. 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.
The market study is being classified by Type (Hemp-derived Type and Marijuana-derived Type), by Application (Dry Skin, Psoriasis, Eczema, Acne and Others) and major geographies with country level break-up.
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the CBD skincare market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Some of the luxury retailers are focusing on introducing CBD infused product lines, such as the Muradís Hemp Serum from Unilever, Originals Hemp Mask from Estee Lauder Companies, and Kiehlís Cannabis Serum from Líoreal. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cannabidiol (CBD) Cosmetics market throughout the predicted period.
L'Oreal (France), Kiehlís LLC (United States), Cannuka LLC (United States), Elixinol Global Limited (Australia), FAB CBD (United States), IRIE CBD (United States), Kazmira (United States), Medical Marijuana Inc. (United States), Endoca LL (Netherland) and Lord Jones (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kapu Maku LLC (United States) and Leef Organics (United States).
AdvanceMarketAnalytics has segmented the market of Global Cannabidiol (CBD) Cosmetics market by Type, Application and Region.
On the basis of geography, the market of Cannabidiol (CBD) Cosmetics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 27th February 2020, The popular beauty retailer has introduced its new CBD standards, which require CBD products to contain full- or broad-spectrum CBD that must be domestically produced, triple-tested by a third-party lab, must be able to produce a Certificate of Analysis to consumers upon request, and must meet Sephoraís Clean at Sephora standards.
June 2019, PureCBDFactory launched a new CBD oil full-spectrum CBD hemp oil of 1500mg. It contains terpenes, flavonoids, cannabinoids, and numerous other beneficial phytochemicals.
- Growing Awareness with Respect to the Benefits of CBD Infused Personal Care Products
- legalization of cannabis cultivation in Various Countries
- Cannabidiol (CBD) Cosmetics also showcases Potential Antioxidant Properties that can help in Counteracting Signs of Aging
- Raising Research and Development Regarding Cannabidiol (CBD) Cosmetics
- Growing Inclination towards Online Distribution Channel for CBD Cosmetics
- Stringent Government Regulations Regarding CBD Product Manufacturing
- Possibilities of Product Contamination
Key Target AudienceCannabidiol (CBD) Cosmetics Manufacturers, Cannabidiol (CBD) Cosmetics Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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