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CBD Skin Care Market is Rising with Higher CAGR of 32.95% by 2026

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john dbmr

CBD skin care Market is set to witness a healthy CAGR of 32.95% in the forecast period of 2020- 2026. CBD or cannabidiol is derived from the hemp plant. It is very beneficial for the people who are suffering from insomnia, anxiety, stress and other problems.

Competitive Analysis:

Global CBD skin care market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of CBD skin care market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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These CBD are widely used in skin care products because they have the ability to decrease the inflammation and pain caused by inflammatory skin disorders. They also can support the skin’s natural healing process and can also decrease the lifespan of eczema/psoriasis flare-ups. Oils, masks & serum, cleansers and other are some of the common types of the CBD.

Key Market Competitors:

Few of the major competitors currently working in the global CBD skin care market are Kiehl’s, Cannuka, LLC, Elixinol Global Limited, Medical Marijuana, Inc., ENDOCA., Lord Jones., VERTLYBALM., THE CBD SKINCARE CO., LEEF ORGANICS., JOSIE MARAN COSMETICS, CBD For Life, Kana Skincare, Apothecanna, KBLCOSMETICS., Pacific Roots, LLC., CBD Care Garden, LLC, FOLIUM BIOSCIENCES, Ecogen Labs, Nordic Oil., Satliva, among others.

Segmentation: Global CBD Skin Care Market

  • By Source (Hemp, Marijuana)
  • By Type (Oil, Creams & Moisturizers, Masks & Serums, Cleansers, Others)
  • By Application (Mass Market, Smoke Shops, E-commerce, Others)
  • By Distribution (Online Sales, Offline Sales)
  • By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Market Drivers:

  • Increasing adoption of CBD skin care products acts as a market driver
  • CDB skin care possess antioxidant properties counteracting the signs of aging mainly amongst the geriatric population; this factor also augments the market growth
  • Rising awareness about the healing nature of the product is also encouraging the manufacturer; this is another factor boosting this market growth
  • Increasing demand for facial masks sheet and serums will also drive the market growth
  • Investment in R&D along with demand of skin care products is amplifying the market growth

Market Restraints:

  • CBD skin care products can cause skin swelling, itching and skin peeling; this factor will hamper the market
  • In some countries there is still ban on the use of CBD which will hinder the market

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Key Insights in the report:

  • Competitive analysis of key competitors involved in the market
  • Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  • Market drivers and restraints analysis along with the analysis of the market structure

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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