Key suggestions from the report:
Read 80-page research report with TOC on "CBD Skin Care Market Size, Share & Trends Analysis Report By Source (Hemp, Marijuana), By Type (Oils, Creams & Moisturizers, Masks & Serums, Cleansers), By Region, And Segment Forecasts, 2019 - 2025"
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. Owing to these strong inflammatory properties, CBD helps in skin's natural healing process, lowering the lifespan of breakouts and eczema flare-ups. CBD also showcases potential antioxidant properties that can help in counteracting signs of aging. It can even help in reducing pain caused by inflammatory skin conditions.
According to the EU cosmetic ingredient database, hempseed oil also acts as a surfactant, cleanser, emollient, and conditioner agent. Hemp molecules are very minute, which further allows it to effectively penetrate the skin and provide effective results. Hemp based products held the largest share of 62.8% in 2018 on account of high fatty acid content of the product. Hemp infused products help in reducing the discomfort by soothing and rejuvenating dry and damaged skin. They also help in controlling aging problems, which is likely to drive the application of this source.
CBD based skin care oils led the market and accounted for a share of 40.9% in 2018. This product type has been gaining an increasing popularity in the personal care market. It is highly beneficial for acne, aging, and wrinkle prone skin conditions due to its anti-inflammatory properties. CBD oil also has antioxidant attributes, which help in reducing the visible signs of aging.
North America led the market in 2018 and is expected to be the fastest-growing market in the coming years. Demand for CBD skincare products from North America is expected to remain high due to the presence of a large customer base and legalization of marijuana in the U.S. and Canada. Currently, about 33 states in the U.S. and District of Columbia have legalized cannabis in the U.S., thereby making it the largest market in the world. The legalization and presence of prominent beauty care manufacturers are expected to contribute to market growth over the next few years.
The increasing use of medicinal marijuana is creating lucrative growth opportunities for the global Cannabis Market says Fortune Business Insights in their
With a powerhouse economy worth more than $3 trillion, California's economy ranks as the fifth largest in the world. Current legislation is expected to pave
GreenAcreage Real Estate Corp., a real estate investment trust (REIT) that serves the cannabis industry, on Monday announced it raised roughly $141 million
Sundial Growers Inc. announced that it has entered into a syndicated credit agreement with ATB Financial ("ATB") and Bank of Montreal ("BMO") as co-lead
Green Growth Brands Inc. has announced the closing of its acquisition of Henderson Organic Remedies, LLC (The+Source Henderson), which was previously
Green Thumb Industries Inc. announced it has closed on a transaction to acquire New York-based Fiorello Pharmaceuticals, one of only 10 companies approved to