There were 698 press releases posted in the last 24 hours and 265,449 in the last 365 days.
According to a new report, The CBD skin care market is segmented on the basis of product type, source, distribution channel, and region.
5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, October 11, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research titled, "CBD Skin Care Market by Product Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,". The global CBD skin care market size was valued at $633.6 million in 2018 and is anticipated to reach $3,484.00 million by 2026, with a CAGR of 24.80% during the forecast period. The global CBD oil segment was valued at $219.0 million in 2018 and is anticipated to reach $1,134.0 million by 2026, with a CAGR of 24.00% during the forecast period.
Request The Free Sample PDF Of This Report @https://www.alliedmarketresearch.com/request-sample/6291
Increase in preference toward sustainable skin care products, and rise in awareness and acceptance of cannabis are the major factors fueling the growth of the global CBD skin care market. On the other hand, high probabilities of product contamination and regulatory imposition on product manufacturing and marketing impede the growth to some extent. Moreover, surge in revenue through online sales channels are expected to usher in a number of opportunities for the key players in the industry.
The producers of CBD-based cosmetic products are facing certain challenges due to controversial nature of cannabis-derived ingredients in cosmetic products. Manufacturers need to take more precautions during manufacturing operation to avoid cross-contamination between CBD and non-CBD products. As a result, many companies are planning to run a separate production line for CBD skin care products to avoid cross-contaminations.
The CBD skin care market segmented on the basis of product type, source, distribution channel, and region. Based on form, the market is bifurcated into hemp and marijuana. The hemp segment contributed to more than half of the global CBD skin care market revenue in 2019, and is anticipated to rule the roost during the study period. Simultaneously, the marijuana segment is anticipated to grow at the fastest CAGR of 25.8% till 2026.
Based on distribution channel, the market is classified into departmental stores, e-commerce, hypermarkets/supermarkets, retail pharmacies, and others. The departmental stores segment accounted for nearly one-third of the global CBD skin care market share in 2019, and is expected to dominate throughout the forecast period. On the other hand, the e-commerce segment would cite the fastest CAGR of 27.4% in between 2019 to 2026.
Region-wise, CBD skin care market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). Premium nature of CBD infused skin care products and a touch of natural ingredients to the product offerings are increasing the popularity of CBD infused skin care products among consumers from the North America and Europe regions.
Need a Discount? Getting Exclusive Discount And Free Consultation @https://www.alliedmarketresearch.com/purchase-enquiry/6291
The key players operating in the global CBD skin care industry include Kiehl’s LLC, Cannuka LLC, Leef Organics, Medical Marijuana Inc., Lord Jones, Kapu Maku LLC, VERTLYBALM, Elixinol Global Limited, Fab CBD Company, and Endoca LLC. Other key players identified in the value chain are L’Oreal, Varm Cosmo, L’Eela, Apothecanna, Charlotte’s Web Holdings, Kana Skincare, Josie Maran Cosmetics, Cronos Group, CBD Biotech, and Estee Lauder.
○ The report provides detailed qualitative and quantitative analysis of the current CBD Skin Care market trends and future estimations that help evaluate the share and the CBD Skin Care market opportunity. ○ The key drivers, restraints, opportunities, and detailed market analysis are elucidated in the study. ○ The market analysis is conducted by following key product positioning and monitoring the top competitors within the industry. ○ The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable market growth. ○ Industry player positioning segment facilitates benchmarking and provides a clear understanding of the present position of players in CBD skin care market
Reasons to Buy This CBD Skin Care Market Report:
○ Mergers and acquisitions should be well-planned by identifying the best manufacturer. ○ Sort new clients or possible partners into the demographic you’re looking for. ○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations. ○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene. ○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects. ○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge. ○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.
○ Cosmetic Serum Market is Booming Industry in Upcoming Years Due To Global Demand ○ Cosmetics Face Serum Market Will Show An Increase Of By 2027, Report
Face Wash Market size, share, growth, trends and forecasts 2020-2030 https://www.alliedmarketresearch.com/face-wash-market-A11887
○ Sensitive Skin Wipes Market Top Factors That Are Leading The Demand Around The Globe https://www.alliedmarketresearch.com/sensitive-skin-wipes-market-A08034
○ Asia-Pacific Skin Care Market Will Show An Increase Of By 2030, Report https://www.alliedmarketresearch.com/asia-pacific-skin-care-market-A15888
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
David Correa Allied Analytics LLP + +1-503-894-6022 email us here Visit us on social media: Facebook Twitter LinkedIn
What Sets Us Apart ? - Allied Market Research
EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.
© 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.