CBD is a naturally occurring compound generated from the cannabis plant. CBD oil may be beneficial to skin health and have applications for several skin disorders, according to some studies. As CBD in beauty products is incredibly effective and safe, it may be used on all skin types. Sensitivity, inflammation, dryness, and acne sufferers would benefit immensely from these items, as CBD-based cosmetic products aid in the healing of breakouts and eczema flare-ups. The global market generated revenue of approximately USD 310.2 million in 2020.
The legalization of cannabis and its derivatives such as cannabidiol (CBD) has boosted their popularity in the personal care product industries. CBD oil-based beauty products with natural active components are preferred by consumers over chemical-based cosmetics. As a result, cosmetics and personal care products infused with CBD oil are likely to grow significantly in the coming years thereby fostering global CBD oil in beauty products market growth. CBD oil aids the skin’s natural healing process by reducing the duration of breakouts and eczema flare-ups due to its strong anti-inflammatory qualities. CBD oil also has antioxidant qualities, which may aid in the prevention of aging signs. It may even aid in the relief of discomfort associated with inflammatory skin disorders. The therapeutic effects of these chemicals are expected to motivate producers to develop CBD oil-infused beauty products. All such factors are driving the growth of the global market.
The global CBD oil in beauty products market is categorized based on product type, application, and region. Oil, lotion, and facial cream are the product types in the market. Based on the application, the global market is split into skin care and skin disease.
North America is projected to have highest share in the global CBD oil in beauty products market and is predicted to grow at the fastest rate over the forecast period. Because of the vast client base and the legalization of marijuana in the United States and Canada, demand for CBD oil in beauty products in North America is projected to remain high. Over the next few years, legalization and the presence of renowned beauty care manufacturers are projected to contribute to market growth. In the coming years, Asia Pacific is predicted to increase significantly. Leading beauty expert countries such as Korea, Japan, India, and China are expected to provide substantial market growth possibilities.
Cannuka, Charlotte’s Web, Medical Marijuana, CBD American Shaman, Canopy Growth Corporation, ENDOCA, CV Sciences, IRIE CBD, NuLeaf Naturals, and Isodiol among others are some of the predominant players that are operating in the global CBD oil in beauty products market.
In May 2019, Canopy Growth Corporation acquired London-based firm This Works®, an established skincare and well-being company thereby strengthening the Company’s international presence.
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