CBD Skin-Care Market Projected To Have Solid Demand
As for the market giant and consulting firm, FMI, The CBD skin-care market is going to grow at a rapid rate at a CAGR of over 33% by 2027. Experts at Future Market Insights say that the value of the CBD skin-care market will grow by 33% to €645 million until 2027.
Restorative and natural healing attribute to help in increasing the sales of the skin-care product.
CBD skin-care products are getting more popular because of their natural healing power and this is the prime factor behind their increasing market value. CBD products are not just used in the pharmaceutical sector but are also used in food, beverage industries, and cosmetic industries. As per the published report, the use of CBD skin-care products is very high in the cosmetic industry because of its restorative, anti-aging solution and suitable for all different skin types including both, acne-prone and sensitive.
Apart from these, all CBD is being extensively used in the personal care industry for the treatment of a wide range of skin conditions. These skin-care products well proven for boosting skin hydration, which is an important factor for being widely used in skin related conditions like dryness, eczema, and psoriasis. CBD skin-care products are available in creams and moisturizers, serums, cleansers, sunscreens, and oils.
North America is the preeminent region for CBD skin-care product markets and manufacturers. CBD products are widely used in North America. As the cultivation of cannabis is legalized in North America which is quite beneficial for the manufactures.
The main problem in the growth of the industry is as there are many countries around the world that don’t allow marijuana-delivered or CBD based products.
Some of the big players operating in the CBD skin-care market are Cannuk LLC, Green Growth Brands, Josie Maran Cosmetic and Lord Jones.
About the publisher (Future Market Insights)
FMI is a leading market intelligence and consulting firm. They provide all syndicated research reports, custom research reports, and consulting services. They provide the complete package of the solution with market research and their statistical anecdotes technology.