Industry Background:
Multi-functional attributes such as powerful antioxidants and anti-inflammatory properties of Cannabidiol (CBD) driving the demand for CBD skincare products. It is useful in the treatment of eczema, psoriasis, and acne. The market has high growth prospects owing to rising awareness about skin healing properties of CBD and growing preference for sustainable skincare products. Moreover, the growing online distribution channels for CBD skincare products expected to drive the product demand during the forecasted period.
This growth is primarily driven by Rising Awareness about Skin Healing Properties of CBD and Growing Preference for Sustainable Skin Care Products.
Globally, a noticeable market trend is evident Growing Acceptance of CBD Products. Major Vendors, such as Kiehl’s LLC (United States), Cannuka LLC (United States), Elixinol Global Limited (Australia), Medical Marijuana Inc. (United States), Endoca LL (Netherland), Lord Jones (United States), Kapu Maku LLC (United States), Leef Organics (United States), FAB CBD (United States), IRIE CBD (United States) and Kazmira (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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.
Regulatory Insights:
“In Canada, cannabis sativa seed oil is authorized with a maximum amount of THC of 10 μg/g. Note however that topical product with cannabis is not part of the cosmetic category. In Australia however, CBD as much as THC is entirely banned from cosmetics. In the United States, the legislation is still blurry, manufacturers should, therefore, be cautious.”
Market Drivers
- Rising Awareness about Skin Healing Properties of CBD
- Growing Preference for Sustainable Skin Care Products
Market Trend
- Growing Acceptance of CBD Products
Restraints
- Stringent Government Regulations Regarding CBD Product Manufacturing
Opportunities
Rising Awareness about Anti-Inflammatory Properties of CBD and Growing Online Distribution Channel for CBD Skin Care Products
Challenges
Possibilities of Product Contamination
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, CBD Skin Care Study Sheds Light on
The CBD Skin Care Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the CBD Skin Care industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where CBD Skin Care industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.