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Global Cannabis Infused Beauty Products Market Expected to Reach USD 20.5 Billion by 2026

05-Feb-2020 | Facts and Factors

Facts and Factors has authored “Global Cannabis Infused Beauty Products Market By Product (Fragrances, Hair Care, Skin Care, and Others), By Form (Lotion, Cream, Oil, and Others), By Distribution Channel (Offline and Online), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026”. Based on our analysis, the global cannabis infused beauty products market in 2019 has exceeded USD 6.5 billion and is expected to reach close to USD 20.5 billion by 2026. The anticipated CAGR for the global cannabis infused beauty products market is around 17% from 2020 to 2026.

Cannabis infused beauty products are generally skin care & hair care products containing cannabinoids, especially CBD (cannabidiol), as a key ingredient. Based on the market statistics and analytical research, the global cannabis infused beauty products market is expected to boom in the coming few years. Recent clinical trials and R&D activities have concluded that cannabis has a wide range of health benefits due to which the demand for such products is increasing rapidly, which in turn propels the global cannabis infused beauty products market.

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Browse the full “Global Cannabis Infused Beauty Products Market By Product (Fragrances, Hair Care, Skin Care, and Others), By Form (Lotion, Cream, Oil, and Others), By Distribution Channel (Offline and Online), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026” Report at https://www.fnfresearch.com/global-cannabis-infused-beauty-products-market-by-product

Increased health benefits of cannabinoids upsurge the demand for cannabis infused beauty products

The infusion of cannabinoids in beauty products enhances the effectiveness of the products. As per the research, CBD infused oil is effective in treating acne. CBD infused anti-wrinkle products deliver positive outcomes after over a month of applying the product. CBD has an unusual characteristic of controlling oil production and inflammation, the two leading causes for acne development. CBD infused skin care products help in treating dry skin, eczema, psoriasis, and act as painkiller owing to the CBD’s analgesic and anti-inflammatory properties. CBD infused lip balms are supposed to hydrate the lips without making them gloppy. Cannabis oil soothes and calms the chronic pain within a short duration. Owing to the rising awareness for the medical benefits of cannabis and increasing positive response from customers, the demand for the global cannabis infused beauty products is propelling rapidly. Besides rising awareness, the increase in the number of countries legalizing cannabis & cannabis infused products for medical purposes in their respective states is also a key factor driving the global cannabis infused beauty products market.

Easy access to raw material and reasonable labor charges are the key opportunities for the market players

Foreign investors are planning to invest in bulk in the swiftly emerging cannabis infused beauty products market. For instance, climatic conditions in some areas in Latin America are ideal for the cultivation of cannabis. Moreover, the production and labor cost along with the value of land for marijuana cultivation is reasonable. Therefore, investors are showing more interest in cosmetics companies. The global market is likely to improve the economic state of the farmers with the growing demand for cannabis plant as a raw material.

Some of the dominating players driving the global cannabis infused beauty products market are Ulta Beauty, Lord Jones LLC, Estee Lauder, Whoopi & Maya, e.l.f Beauty, High Beauty, Milk Makeup, Herb Essntls, Papa & Barkley, Talyoni Labs, and Nature Plus, among others.

In August 2019, the renowned American chain of beauty stores, Ulta Beauty, expanded its CBD assortment by signing a contract with Sagely Naturals. The beauty store chain has collaborated with several distribution networks.

The global cannabis infused beauty products market is segmented as:

Global Cannabis Infused Beauty Products Market: By Product

  • Fragrances
  • Hair Care
  • Skin Care
  • Others

Global Cannabis Infused Beauty Products Market: By Form

  • Lotion
  • Cream
  • Oil
  • Others

Global Cannabis Infused Beauty Products Market: By Distribution Channel

  • Offline
  • Online

Global Cannabis Infused Beauty Products Market?: Regional Analysis

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
  • Rest of Middle East & Africa

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