Cbd-Infused Cosmetics Market Size to grow by USD 10638 million between 2024-2028
According to a research report “ Cbd-Infused Cosmetics Market” by Source (Hemp, Marijuana) Product (Skincare, Make up and haircare, Fragrances, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 10638 million, at a CAGR of 39.04% during the forecast period. In the dynamic and competitive CBD-infused cosmetics market, vendors are prioritizing advanced Research and Development (R&D) initiatives to differentiate themselves from competitors. Consumers seek innovative, effective, and time-saving solutions for various skin concerns, leading vendors to invest in novel ingredients and technologies. Premium CBD-infused cosmetics, offering multiple benefits, command higher prices compared to traditional cosmetic products. To cater to evolving consumer preferences, vendors continually innovate their product offerings and expand their ranges.
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By Source, the Hemp segment is projected to dominate the market size in 2024
The CBD-infused cosmetics market encompasses a range of products, including oils, creams, cleansers, masks, serums, lotions, and more. Brands worldwide offer a diverse selection of CBD-infused skincare items, fueled by the growing global consciousness towards skincare. Consumers are increasingly investing in premium skincare solutions, creating a favorable market environment. Manufacturers continue to innovate and launch new CBD-infused skincare cosmetics, such as vegan and organic options, to cater to expanding customer bases. For instance, Herbivore Botanicals, a key market player, introduces the Adaptogens Deep Moisture Glow Oil, a vegan and organic CBD-infused product, underscoring the industry's commitment to catering to diverse consumer preferences.
By Product, Skincare segment is expected to hold the largest market size for the year 2024
The hemp industry holds a significant market share in the sourcing of CBD for the burgeoning global CBD-infused cosmetics sector. This trend is driven by the increasing consumer demand for natural and sustainable beauty solutions. Hemp-derived CBD offers numerous skincare benefits, such as anti-inflammatory and antioxidant properties, making it a highly sought-after ingredient. Major beauty companies have capitalized on this trend by integrating hemp-derived CBD into their product lines, propelling the market's growth at an exponential rate. The market's potential is amplified by its alignment with the expanding clean and green beauty trend, which caters to environmentally conscious consumers seeking holistic wellness. Regulatory advancements and the increasing legalization of hemp-derived products further fuel the market's expansion, solidifying hemp's position as a pioneer in the CBD-infused cosmetics industry.
North America is forecasted to hold the largest market size by region in 2024
The CBD-infused cosmetics market represents a significant business opportunity, with growing consumer interest in the potential therapeutic benefits of Cannabidiol (CBD) for skincare and beauty applications. Brands are capitalizing on this trend by launching innovative CBD-infused products, including facial cleansers, serums, lotions, and makeup, to cater to this burgeoning market segment. The market's growth is driven by increasing awareness, regulatory approvals, and the perceived health benefits of CBD. Companies are investing in research and development to create high-quality, effective CBD-infused cosmetics that meet consumer demand for natural and organic beauty solutions.
The Cbd-Infused Cosmetics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The CBD-infused cosmetics market is experiencing significant growth, with marijuana-based products and hemp-based segments leading the charge. Companies like Lotus have entered the fray, offering a range of cannabis-based skincare products. The department stores segment and e-commerce platforms are stocking up on these innovations, making CBD-infused cosmetics more accessible than ever. Cannabis cultivation for cannabidiol (CBD) extraction is a booming industry, with marijuana-derived CBD and hemp-derived CBD gaining popularity for their antioxidant and anti-inflammatory properties. These cannabis-based products cater to various skin concerns, including sensitivity and skin irritation, making them a hit among working professionals. Skin-lightening products infused with CBD oil are also gaining traction, as CBD's calming properties help soothe and even out skin tone. However, it's important to note that THC, the psychoactive component of marijuana, is not present in significant amounts in these skincare products. The skincare industry is embracing CBD for its potential benefits, and the market for CBD masks and other skincare products is expected to grow exponentially in the coming years. With their antioxidant and anti-inflammatory properties, CBD-infused cosmetics offer a natural solution to common skin issues.
Market Research Overview
The CBD-infused cosmetics market is witnessing significant growth as beauty care manufacturers explore the benefits of marijuana-based and hemp-based products. Companies like Lotus have introduced various CBD-infused offerings, including oils, masks, serums, lotions, and creams, in the skincare industry. The hemp-based products segment is expected to dominate the market due to the nonintoxicating component of CBD derived from hemp plants. Department stores and retail pharmacies are key distribution channels for CBD-infused cosmetics, but e-commerce platforms are gaining popularity due to their online presence and convenience. Packaging developers are incorporating airless pumps and dispensers to ensure product preservation and prevent bacterial contamination. Cannabis cultivation and production have become essential for the availability and production of CBD oil, which is a popular ingredient in anti-aging, anti-wrinkle, and calming cosmetics. Trend-savvy consumers and beauty bloggers are driving the demand for cannabis-based cosmetics, which offer anti-inflammatory and antioxidant benefits. Working professionals and individuals with sensitivity or skin irritation are also turning to CBD-infused skincare products for their calming and soothing effects. Common skin issues like acne, psoriasis, and eczema can be addressed with CBD oil's anti-inflammatory and antioxidant properties. The wellness beauty movement and the increasing popularity of natural cosmetics have also contributed to the growth of the CBD-infused cosmetics market. Natural ingredients like olive oil, shea butter, coconut, and essential oils are being used in baths and soaps, masks and serums, lotions and creams, and other skincare products. Despite the benefits, there are concerns regarding the psychoactive compound THC and the need for preservatives to prevent bacterial contamination. Natural alternatives like hemp, olive, and coconut oils are being explored to address these concerns. The skincare industry is continuously evolving, and cannabis-based cosmetics are becoming an essential part of the trend towards sustainable, natural skincare products. CBD oil's calming benefits and anti-inflammatory properties make it an effective ingredient for addressing common skin issues like obstructive sleep apnea, dullness, premature aging, and environmental damage caused by free radicals. The antioxidant effects of CBD oil can help reduce the appearance of wrinkles and promote a radiant and youthful complexion. In conclusion, the CBD-infused cosmetics market is growing rapidly due to the increasing demand for natural, sustainable, and effective skincare products. The use of marijuana-derived and hemp-derived CBD oil in various forms of cosmetics, including masks, serums, lotions, and creams, offers numerous benefits for addressing common skin issues and promoting overall health and wellness. The market is expected to continue growing as more consumers become aware of the calming and anti-inflammatory properties of CBD oil and the natural ingredients used in cannabis-based cosmetics.
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