Cannabis Cosmetics Market Scope
Cannabidiol (CBD) oil is a cannabis-derived oil. Cosmetics, meals, and medicines all contain it. Pain, inflammation, anxiety, and sleeplessness are all said to be relieved by CBD oil. CBD oil has significant antioxidant qualities that fight obvious symptoms of ageing, as well as reducing inflammation, rejuvenating a dull complexion, and evening skin tone. The legalisation of cannabis and cannabis derivatives, such as cannabidiol (CBD) and hemp oil, has boosted their appeal in the wellness and personal care goods sector. Over other chemical-based cosmetics, customers choose CBD-infused products with natural active components. As a result, cosmetic products infused with CBD and hemp oil are projected to develop rapidly in the cosmetics and personal care industries.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | L’Oreal S.A. (France), Estee Lauder (United States), Medical Marijuana Inc. (United States), Leef Organics (United States), Lord Jones (United States), Fab CBD Company (United States), Kapu Maku LLC (United States), VERTLYBALM (United States), Elixinol Global Limited (Australia) and Endoca BV (Netherlands) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Cannabis Cosmetics market throughout the predicted period.
L’Oreal S.A. (France), Estee Lauder (United States), Medical Marijuana Inc. (United States), Leef Organics (United States), Lord Jones (United States), Fab CBD Company (United States), Kapu Maku LLC (United States), VERTLYBALM (United States), Elixinol Global Limited (Australia) and Endoca BV (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kiehl’s LLC (United States), Charlotte’s Web Holdings (United States), Varm Cosmo (South Korea), CBD Biotechnology Co. Ltd. (China), Josie Maran Cosmetics (United States), Cronos Group (Canada) and Cannuka LLC (New Zealand).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cannabis Cosmetics market by Type , by Application (Anti-Aging, Blackheads, Loss of Firmness and Dark Circles) and Region with country level break-up.
On the basis of geography, the market of Cannabis 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).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 6th March, 2019 - VIASPACE Acquired Elite Therapeutics and Bad Love Cosmetics Company, LLC. The Deal Adds a Combination of Elite Therapeutics’ Line of Luxury Products for Personal Use and High-End Hotel Amenities, and Bad Love Cosmetics’ High Quality, Result-Driven, Medical Grade Cosmetics to VIASPACE Portfolio.
On 26th July, 2021 - empyri Launched New Cannabis-Infused Skincare Offering, With Clinical Research to Back Its Hydrolyzed Cannabis Seed Extract. The Holistic Hydration Daily Moisturiser from The Cannabis-Infused Skincare Range Is Created with Hydrolyzed Cannabis Sativa (Hemp) Seed Extract, to Smooth Wrinkles, Treat Dry Skin.
Influencing Trend:
Increasing Demand for Herbal and Organic Products and Growing Awareness for Cannabis Health Benefits
Market Growth Drivers:
Rising Skin Care Awareness Among Men and Increasing Disposable Income Among Females
Challenges:
Rise in Price Level due to Tariffs & Taxes and Lack of Appropriate Regulations
Restraints:
Side Effects and Allergic Reactions
Opportunities:
Low Penetration in Emerging Regions Particularly Asia and Regulations in Favor of Legalization
Key Target Audience
Cannabis Cosmetics Manufactures, New Entrants and Investors, Cannabis Cosmetics Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others