PRESS RELEASE
Published June 14, 2023
Cannabidiol (CBD) Skin Care Market research report is a resource for getting current as well as upcoming technical and financial details of the industry to 2029. The market analysis and insights included in this market report presents key statistics on the market status of global and regional manufacturers and is an essential source of guidance which provides right direction to the companies and individuals interested in the industry. It covers major manufacturers, suppliers, distributors, traders, customers, investors and major types, major applications. CBD Skin Care Market is a professional and detailed report that highlights primary and secondary drivers, market share, leading segments, and geographical analysis.
Clients get clear understanding of the market place with a nice combination of best industry insight, practical solutions, talent solutions and latest technology while using an excellent CBD Skin Care Market report for the business growth. The market data provided in this industry analysis document helps to discover diverse market opportunities present worldwide for CBD Skin Care Market industry. It is believed that granular information can help clients take efficient business decisions and this report provides the same. The large scale CBD Skin Care Market report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers and market restraints that are based on SWOT analysis.
Get a Sample PDF of CBD Skin Care Market Research @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-cbd-skin-care-market
Market Analysis and Size
Cannabidiol (CBD) skin care has largely gained popularity due to its effective usage for various skin benefits. Moreover, they are also further effective in tackling inflammation, anxiety and insomnia and also helps to improve the physiological and cognitive functions in an individual along with regulation the mood, pain and memory. Cannabidiol (CBD) is one of 113 identified cannabinoids in cannabis plants and accounts for up to 40% of the plant’s extract. As a result, its increased popularity regarding its benefits is projected to aid the market growth over forecast period.
Global Cannabidiol (CBD) Skin Care Market was valued at USD 952.91 million in 2021 and is expected to reach USD 7583.91 million by 2029, registering a CAGR of 29.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2019 – 2014) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Source (Hemp, Marijuana), Type (Oil, Creams and Moisturizers, Masks and Serums, Cleansers, Others), Application (Mass Market, Smoke Shops, E-commerce, others), Distribution (Online Sales, Offline Sales) |
Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
Market Players Covered | Canopy Growth Corporation (Canada), The Cronos Group (Canada), Tilray. (U.S.), Hexo (Canada), CannTrust (Canada), Aurora Cannabis Inc. (Canada), GW Pharmaceuticals plc. (UK), VIVO Cannabis Inc. (Canada), Alkaline88, LLC. (U.S.), NewAge Inc. (U.S.), Cannara. (Canada), Dixie Brands (U.S.), KANNAWAY LLC. (U.S.), The Supreme Cannabis Company, Inc (Canada), CANNABIS Aphria (Canada), CURA CS, LLC. (U.S.), KAZMIRA (U.S.), Curaleaf (U.S.) and CannazALL (U.S.) |
Market Opportunities |
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Market Definition
Cannabidiol (CBD) is a non-intoxicating compound, which is generally extracted from marijuana or hemp plants in the form of powder and is used for various skin care purposes. The skincare and personal care products infused with cannabidiol (CBD) possess various types of beneficial skin-soothing, relaxing, anti-anxiety, pain-relieving properties, hydrating, antioxidant and anti-inflammatory properties which aids in treating dry skin or certain inflammatory skin disorders.
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing Awareness Regarding its Benefits
The cannabidiol skin care is becoming increasingly popular across the globe, owing to the increased awareness about the benefits of cannabidiol and its medicinal properties. Moreover, the increasing adoption of CBD skin care products as it possess antioxidant properties counteracting the signs of aging boosts the overall demand for the cannabidiol (CBD) skin care market.
Furthermore, the factors such as surge in public-private funding for targeted research activities, high disposable income, rapid urbanization, changing lifestyles, and rising product innovations and development due to technological advancements worldwide boost the market value. Moreover, increased internet penetration, continued product development and commercialization, government supportive regulations for the use of cannabis-related products, particularly in developing nations, and rising per capita expenditure will all contribute to the market’s future growth rate.
Opportunities
- Growing Technological Advancements
Furthermore, the increasing number of technological advancements driven with a view to minimize the production costs coupled with the developmental operations directed towards sustainable development to ensure optimum and judicious use of resources generate lucrative opportunities to the market players in the forecast period of 2022 to 2029.
- Funding and Research and Development (R&D) Activities
The surging funding from federal government pertaining to the research and development proficiencies are projected to expand the future growth of the cannabidiol (CBD) skin care market. Moreover, the various research and development (R & R&D) activities aimed at lowering THC content and a growing emphasis on obtaining faster regulatory approval will positively influence market growth.
Access Full PDF Research Report @ https://www.databridgemarketresearch.com/reports/global-cbd-skin-care-market
The cannabidiol (CBD) skin care market is segmented on the basis of source, type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
Type
- Oil
- Creams and Moisturizers
- Masks and Serums
- Cleansers
- Others
Application
- Mass Market
- Smoke Shops
- E-commerce
- others
Distribution
- Online Sales
- Offline Sales
The key questions answered in this CBD Skin Care Market Report:
- What will be the CBD Skin Care Market Size and Growth Rate in the forecast year?
- What are the Key Factors driving CBD Skin Care Market?
- What are the Risks and Challenges in front of the CBD Skin Care Market?
- Who are the Key Vendors in CBD Skin Care Market?
- What are the Trending Factors influencing the CBD Skin Care Market shares?
- What are the Key Outcomes of Porter’s five forces model?
- Which are the Global Opportunities for Expanding the CBD Skin Care Market?
Table of Contents
Global CBD Skin Care Market Research Report 2023 – 2029
Chapter 1 CBD Skin Care Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global CBD Skin Care Market Forecast
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-cbd-skin-care-market
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