CBD Skin Care Market Analysis, Trends, Growth, Dynamics, Forecast and Supply Demand 2027


Posted May 20, 2021 by Rushikesh87

ResearchMoz recent market study titled ‘CBD Skin Care Market: Global Industry Analysis 2013 – 2018 and Opportunity Assessment 2019 – 2027’

 
ResearchMoz recent market study titled ‘CBD Skin Care Market: Global Industry Analysis 2013 – 2018 and Opportunity Assessment 2019 – 2027’ comprises a comprehensive assessment of the key market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the CBD skin care market, the growth prospects of the CBD skin care market have been obtained with maximum precision.
The report features the unique and salient factors that are likely to have a significant impact on the development of the CBD skin care market during the forecast period. These factors can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the CBD skin care market in the coming years. The report provides detailed information about the current and future growth prospects of the CBD skin care market in the most comprehensive manner for the better understanding of readers.
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Top Two Factors Shaping the CBD Skin Care Market
Benefits Offered by CBD Skin Care Products that Accelerate Treatment Outcome of Various Skin Conditions to Contribute to Market Growth
The global market for CBD skin care is witnessing growth due to the ability of these products to treat various skin conditions. Growing awareness about the benefits of CBD skin care products has boosted their adoption by the personal care industry. CBD is used for the treatment of skin care conditions such as dry skin, psoriasis, eczema, and acne. According to FMI, this is expected to remain a key factor driving the demand for CBD skin care at the global level.
Cannabis Is Still Illegal in Various Target Areas of CBD Skin Care Products
Among the types of CBD skin care products, hemp-derived CBD skin care segment accounted for just-under 60% of the global CBD skin care market value in 2017, which is likely to increase at a bullish CAGR of more than 37% over 2019-2027.
Cannabis-derived CBD skin care range will however continue to face gradual demand growth owing to limited regional availability. The report has attributed this challenge to the illegal aspects associated with cannabis cultivation and usage, across several regions.
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CBD Skin Care Market Structure Analysis
The global CBD skin care market represents a consolidated competition landscape, wherein Tier 1 & Tier 2 companies hold more than 50% revenue share.
Some of the most prominent companies in the CBD skin care market include Elixinol Global Limited, Medical Marijuana Inc., Fab CBD Company, and Endoca LLC. A majority of these players are likely to invest strategic efforts in the legalization of cannabis-based products across different regional markets.
According to the report, introduction of innovative and competitively priced products in the CBD skin care market will be an important developmental strategy adopted by companies targeting untapped developing regional markets.
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Last Updated May 20, 2021