Global Cannabis Infused Beauty Products Market Overview:
Cannabis, also referred to as marijuana, is a psychoactive substance derived from the Cannabis plant that is commonly used for medicinal or recreational purposes. The legalization of cannabis and cannabis derivatives such as cannabidiol (CBD) and hemp oil has boosted their prominence in the health and personal care product industries. Cannabis -infused cosmetics with natural active ingredients are preferred by consumers over chemical-based cosmetics. Cannabidoil (CBD) applications have slowly crept into the skincare industry, thanks to its numerous medicinal benefits and healing properties. Cannabis Infused Beauty Products have many antioxidant and anti-inflammatory properties that can aid in the treatment of a variety of skin conditions. Cannabis Infused Beauty Products are safe and effective for all skin types, but it is particularly beneficial for those who suffer from skin sensitivity, inflammatory conditions, acne, and dryness. Cannabis aids the skin's natural healing process by reducing the duration of breakouts and eczema flare-ups due to its strong anti-inflammatory properties. Cannabis may also have antioxidant properties, which may aid in the prevention of ageing symptoms. It can also aid in the relief of pain associated with inflammatory skin conditions. Some of the players profiled in the study are Kiehl’s LLC (United States), The Body Shop (United Kingdom), Medical Marijuana Inc. (United States), Elixinol Global (Australia), Cronos Group (Canada), Endoca BV (Netherlands), Isodiol International Inc. (Netherlands), Sephora USA, Inc. (United States), Estee Lauder (United States) and Cannukallc (United States).
On the basis of geography, the market of Cannabis Infused Beauty Products 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). If we see Market by Distribution Channel, the sub-segment i.e. Departmental Stores will boost the Cannabis Infused Beauty Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Male will boost the Cannabis Infused Beauty Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Hemp will boost the Cannabis Infused Beauty Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Incredible Skin Healing Potential
- Growing Awareness and Acceptance of Cannabis
Influencing Trend
- Various Multinational Companies Investing In Cannabis Products like Colgate , Amway, Avon
Restraints
- High Probabilities Of Product Contamination
- Cannabis Is Still Banned In Several Countries
Opportunities
- Increase Preference towards Sustainable Skin Care Products
- Growth in Revenue Through Online Sales Channels
Challenges
- Various Product regulations and Marketing Regulations in Some Countries
Key Market Developments:
November 2020 – The Body Shop recently released a brand new skincare range CBD, with three products in facial oil, replenishing moisture cream and soothing oil balm cleansing mask. The skincare range is enriched with natural origin CBD, vegan squalane and hemp seed oil.
The European Union provides little detail on the use of CBD in cosmetics. The cosmetics regulation CE 1223/2009 states that narcotics are prohibited in cosmetic products. Therefore cannabidiol can only be derived from the seeds or leaves not accompanied by the tops. and In Australia however, CBD as much as THC are entirely banned from cosmetics
Target Audience:
Manufacturers of Cannabis Beauty Products, Suppliers of Cannabis Beauty Products, Wholesalers, Distributors and Retailers of Cannabis Beauty Products, Raw Material Providers, Cosmetic Industry, Regulatory Bodies and Governmental bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cannabis Infused Beauty Products market on the basis of product [Oils, Lotion & Creams, Masks & Serums, Bath & Soaps and Others] , application [
], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cannabis Infused Beauty Products market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Cannabis Infused Beauty Products industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Leeforganics (United States), KapuMaku LLC (United States), Apothecanna (United States) and Josie maran cosmetics llc (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cannabis Infused Beauty Products market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.