Knowledge Sourcing Intelligence announces the publication of a new report on “CBD Skincare Market - Forecasts from 2020 to 2025” to their offering.
Growing disposable income and increasing standard of living coupled with a surge in focus on personal well-being, especially health and skincare routine are a few prime factors that are estimated to drive the growth of the market.
As per the report, the market about the CBDSkincare Market is expected to grow at a steady pace.
Cannabidiol based skincare products are gaining favor due to presence of Cannabidiol compound which compromises various skincare benefits. Of all, this compound ensures presence of antioxidants which are necessary to prevent radicals, which are generated as a result of cellular-level food breakdown or exposure to tobacco or its smoke. Further, the compound reduces sebum production, decreasing acne and dryness.
On segmenting to its product type, CBD skincare oils conquer the market. Even though the sale of CBD serum and CBD creams are predicted to have a good CAGR, CBD oil outstands them all. And with the rise in popularity and favorability of e-commerce, online sales of CBD products have surged at a magnificent level. Moreover, the growing international trade of skincare products and the easy availability of international brands on online platforms have led to an increase in CBD skincare product demand.
Cannabidiol compound is extracted from marijuana or hemp plant; which also contain tetrahydrocannabiol or TCH as commonly known, a psychoactive and toxic compound. Some TCH gets extracted while cannabidiol extraction, due to which CBD skincare products are considered illegal in certain countries. However, there are many countries which are implementing laws in order to curb the sale of TCH but allow the therapy and recreational use of cannabidiol. The Farm Bill, 2018, of U.S. is one such example.
The growth in the product line can be noted when talking about Ignite International Brands, which announced its partnership expansion with UK manufacturer and Distributor, to inculcate new CBD Products including bath bombe, roll-ons, moisturizers, tattoo creams, and serums. Saint Jane, a global CBD skincare company, launched its range in 281 stores across 22 American states.
As a part of the report, the major players operating in the CBD skincare market, which have been covered are Cronos Group INC., lixinol Global Ltd., Endoca BV, Isodiol International INC., Kiehl’s, The CBD skincare Co., Josie Maran Cosmetics LLC, Cannuka LLC, Ignite, Ovation Science INC., and Jane Street LLC.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/cbd-skincare-market
This report segmented the CBD skincare market on the basis following terms