CBD Skin Care Products Market 2019 Global Trend, Segmentation and Opportunities Forecast To 2024

(MENAFN- iCrowdNewsWire) Sep 9, 2019

CBD is an active ingredient in CBD Skin Care Products. CBD is commonly known as Cannabidiol, a chemical compound found in the cannabis or marijuana plant. CBD is treated as a controlled substance in many places, though usage of it has been recently relaxed.

CBD Skin Care Products is gaining mass popularity due to its potential therapeutic benefits. CBD Skin Care Products helps to combat many skin problems with its regular usage due to the high presence of antioxidant properties. It is found to lessen wrinkles, dullness, increases elasticity and firmness and provides natural wellness benefits. As the skin has the highest amount and concentration of cannabinoid receptors, hence, the skin responds very well to it due to the presence of the chemical compound Cannabidiol.  

The global CBD skin care market is expected to witness strong growth due to factors like increasing expenditure in research & development sector, better support from governments, Heightened investment from various manufacturers to initiate innovation, Increasing use of it as prescription product, and others.

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Segmentation:

The global CBD Skin Care Products can be segmented into product type, CBD Oil, Serums, Cleansers, Sunscreens and others. CBD Oil is rich in Vitamin A, C, and E which stimulates collagen and keeps the skin youthful, radiant and healthy. CBD Serums soothes the skin and reduces redness, clears blemishes and thus, restores youthfulness. CBD Cleansers provides deep cleaning by penetrating through the surface layers and removes dirt, refreshes and nourishes the skin.

  Based on the application, the global CBD Skin Care Products can be segmented into Online Sales and Offline Sales. Online Sale is a fast-growing trend among buyers. It is a very convenient way of purchasing. 

Regional Analysis:

In terms of region, the global CBD Skin Care Products market shows promising potential in North America, Europe, South America, Asia-Pacific (APAC) the Middle East and Africa (MEA). The region-specific analysis also provides a better glimpse of the demographic challenges, which can be sorted in the future for better market results.

North America contributes to this market substantially owing to a robust infrastructure, high expenditure capabilities, and a large number of key players in the region. It is predicted that there will be numerous growth opportunities owing to market expansion and after the legalization of cultivation and sales of CBD products. The manufacturing industry is turning more innovative with latest developments, which will increase the demand for CBD Skin Care Products in the Beauty and Wellness Industry.

The APAC market will show extensive growth with a higher demand for CBD Skin Care Products due to its excellent medicinal and therapeutic properties. In the Asia Pacific and the Middle East & Africa CBD Skin Care Products market will expand at a rapid pace.

Competitors:

Main players in the global CBD Skin Care Products are CBD For Life, Populum, Kiehl's, Josie Maran Cosmetics, Cannuka, Lord Jones, The CBD Skincare, CBD Daily, Leef Organics, Myaderm, Endoca, and Elixinol. 

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