CBD Skin Care Market trends
Increasing awareness about the healing properties of cannabidiol to drive CBD Skin Care Market trends over 2020-2026
The CBD Skin Care Market growth is
primarily driven by increasing awareness of the benefits offered by CBD infused
personal care products. Cannabidiol (CBD) is a naturally occurring compound
derived from cannabis plants and is one of the 100 cannabinoids found in hemp
plants. Although CBD is found in marijuana plants, it is legal to purchase it
in an isolated form which lacks elements triggering psych activity.
Traditionally, cannabidiol has been studied
for its analgesic, relaxing, and anxiolytic effects, but recent studies have
shown that applying it to the skin can yield remarkable therapeutic results.
furthermore, the legalization of cannabis cultivation is expected to further
expand the CBD Skin Care Market size during the forecast period.
As CBD is considered safe and effective for
all skin types, it is especially helpful for those who suffer from skin-related
irritability, inflammatory conditions, acne, and dryness. Packed with powerful
inflammatory properties, CBD helps the skin's natural healing process and
shortens the lifespan of recurrent breakouts and eczema, thereby helping to get
rid of skin infections that have built drug resistance.
CBD also introduces potential antioxidants
into the skincare products that can help counteract the signs of aging.
Moreover, it also helps reduce pain caused by inflammatory skin conditions.
Rising count of old age population and increased spending on anti-aging
products is thereby estimated to boost the CBD skin care market outlook in the
years to come.
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Given the significant number of healing
properties as mentioned above, it should encourage manufacturers to develop
products infused with the benefits of CBD. Considering the product type the segment, CBD-based skincare oil holds the majority of CBD skin care market
share and is projected to continue its dominance during the forecast
timeframe.
These product types are becoming
increasingly popular in the personal care market due to its anti-inflammatory
properties, making it beneficial for eradicating acne, aging, and wrinkle-prone
skin conditions. CBD oil also has antioxidant properties that help reduce the
visible signs of aging, ultimately fueling the CBD skincare market demand.
Based on regional analysis, the North
American region dominates the overall CBD skincare market share and is also
expected to display the fastest growth rate during the forecast period. All
thanks to the increasing demand for CBD skincare products driven by high
spending powers of the consumers in the region. Also, the United States and
Canada has legalized marijuana that will further contribute to regional growth
in the coming years.
Author Name : Report Hive Research