Cannabis Infused Beauty Products Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

According to the report published by Facts & Factors, the global Cannabis Infused Beauty Products Market size was worth around USD 6.5 billion in 2019 and is predicted to grow around USD 20.5 billion by 2026 with a compound annual growth rate (CAGR) of roughly 17% between 2020 and 2026. The report analyzes the global Cannabis Infused Beauty Products Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Cannabis Infused Beauty Products Market.

The report encompasses the forecast as well as analysis of the cannabis infused beauty products market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). Additionally, the market growth drivers, opportunities, limitations, and trends are also described comprehensively in the cannabis infused beauty products market report.

Our analysts have included industry analysis models and extensively demonstrated the key business strategies and competitive landscape of the cannabis infused beauty products market in the report.

Key Insights from Primary Research

• The global cannabis infused beauty products market is likely to surge substantially at a CAGR of around 17%.
• Data attained from our primary research suggested that the global cannabis infused beauty products market will exceed the valuation of USD 6.5 billion in 2019.
• The “skin care” category captured around half of theglobal cannabis infused beauty products market share in 2019 interms of revenue. Moreover, the category is anticipated to grow at the fastest rate during the forecast period.
• The “oil” category under form segmentation attainedaround one-third of the global market share in 2019 and is projected to grow relatively fast during the anticipated timeframe.
• North America heldover half of theglobal share of the global cannabis infused beauty products market in 2019. The region revenue is likely to surgeat a considerable ratefrom 2020 to 2026.

Key Recommendations from Analysts

• According to our analysts,investing in CBD infused beauty cream sector should be refrained for the projected period.
• The demand for skin care CBD-infused oils, lotions, and other products is anticipated to mount in the coming few years. Therefore, our analysts recommend the clients to invest in such products-manufacturing companies.
• Our team hasindicated that North America is an optimal region to establish or invest in cannabis infused beauty products manufacturing industry owing to the increasing number of states legalizing cannabis within the confines of the region.
• Growing at asubstantial rate of around 17%, global cannabis infused beauty products marketunlocks new approaches for the leading industries and stakeholders across the value chain.
• Our forecasters have recognized “skin care” and “oil” as the leading revenue-generating categories for the global cannabis infused beauty products market in terms of product and form segments, respectively.

Global Cannabis Infused Beauty ProductsMarket Attractiveness for 2018 – By Form Segment

The market research also includes analysis of Porter’s Five Forces framework for understanding the competitive strategies employed by market competitors. It also encompasses SWOT analysis and PESTLE analysis.

Report Scope

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the cannabis infused beauty products market. Moreover, the study offers wide coverage of key strategic improvements witness in the market such as acquisitions & mergers, new products launches, collaborations, joint ventures, R&D activities, and global expansion of key players of the global cannabis infused beauty products market.

Based on the recent clinical trials as well as R&D activities, cannabis has a wide range of health benefits owing to which the demand for such products is surging, thereby driving the global cannabis infused beauty products market. The infusion of cannabinoids in beauty products enhances its effectiveness. CBD in beauty creams helps to remove the wrinkles when applied regularly for over a month. CBD eradicates acne by controlling inflammation and oil production. CBD infused skin care products help in treating dry skin, eczema, and psoriasis owing to its strong analgesic property. Cannabis oil soothes and calms the chronic pain within an hour of applying.

The global cannabis infused beauty products market is segmented based on product, form, distribution channel, and region. By product, the market is bifurcated into fragrances, haircare, skin care, and others. By form, the global market is categorized into lotion, cream, oil, and others. Distribution channel-wise, the industry is sectored into offline and online. Likewise, the market is categorized based on the region into North America, Europe, the Middle East & Africa, Latin America, and the Asia Pacific.

Competitive Players

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
• Nature Plus

The global cannabis infused beauty products market is segmented as:

By Product

• Fragrances
• Hair Care
• Skin Care
• Others

By Form

• Lotion
• Cream
• Oil
• Others

By Distribution Channel

• Offline
• Online

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

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis about the future market trends
• Comprehensive information about the leading market segments and region
• Strategic developments made by the competitive players and in-depth analysis about its impact on market growth