Cannabidiol (Cbd) Skin Care Market report supports in achieving a sustainable growth in the market, by providing a well-versed, specific and most relevant product and market information. Inputs from various industry experts, essential for the detailed market analysis, have been used very carefully to generate this finest market research report. This market report studies the market and the industry thoroughly by considering several aspects. The company profiles of all the top market players and brands are included in the Cannabidiol (Cbd) Skin Care Market report which puts light on their moves like product launches, product enhancements, joint ventures, mergers and acquisitions and their effect on the sales, import, export, revenue and CAGR values.
Market drivers and market restraints explained in the persuasive Cannabidiol (Cbd) Skin Care Market report help businesses gain an idea about the production strategy. The report is prepared with the systematic gathering and analysis of information about individuals or organizations which is conducted through social and opinion research. This global market report additionally encompasses predictions utilizing a practical arrangement of uncertainties and techniques. In addition, the identity of respondents is maintained undisclosed and no promotional approach is made to them while analysing the data. Thus, Cannabidiol (Cbd) Skin Care Market report aids strengthen organization and make better decisions for steering the business on the right track.
Global Cannabidiol (CBD) Skin Care Market was valued at USD 952.91 million in 2021 and is expected to reach USD 7583.91 million by 2029, registering a CAGR of 29.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
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Market Overview
Cannabidiol (CBD) is a non-intoxicating compound, which is generally extracted from marijuana or hemp plants in the form of powder and is used for various skin care purposes. The skincare and personal care products infused with cannabidiol (CBD) possess various types of beneficial skin-soothing, relaxing, anti-anxiety, pain-relieving properties, hydrating, antioxidant and anti-inflammatory properties which aids in treating dry skin or certain inflammatory skin disorders.
Some of the major players operating in the cannabidiol (CBD) skin care market are
- Canopy Growth Corporation (Canada)
- The Cronos Group (Canada)
- Tilray. (U.S.)
- Hexo (Canada)
- CannTrust (Canada)
- Aurora Cannabis Inc. (Canada)
- GW Pharmaceuticals plc. (UK)
- VIVO Cannabis Inc. (Canada)
- Alkaline88, LLC. (U.S.)
- NewAge Inc. (U.S.)
- Cannara. (Canada)
- Dixie Brands (U.S.)
- KANNAWAY LLC. (U.S.)
- The Supreme Cannabis Company, Inc (Canada)
- CANNABIS Aphria (Canada)
- CURA CS, LLC. (U.S.)
- KAZMIRA (U.S.)
- Curaleaf (U.S.)
- CannazALL (U.S.)
COVID-19 Impact on Cannabidiol (CBD) Skin Care Market
The recent outbreak of coronavirus had a huge impact on the Global Cannabidiol (CBD) Skin Care Market. The pandemic had an impact on several manufacturing businesses in the years 2020-2021, resulting in the closure of workplaces, interruption of supply chains, and transit limitations. Several economies within the region implemented a lockdown in this face, resulting in production and industrial facilities stoppage. The supply chain of various manufacturing units and several table utilities around the world were significantly affected during this period, resulting in a significant loss in revenues and earnings.
However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.
Recent Development
- In December 2021, Sentient Brands has launched its Oeuvre influencer and social media marketing campaign. According to Sentient Brands, Oeuvre's product design, formulas, and disruptive "Luxury Clean Beauty" branding strategy set it apart in a market cluttered with homogeneous CBD skincare products. The Company's Oeuvre social media marketing plan is now focusing on influencer marketing and paid advertising on Instagram, Facebook, and Pinterest.
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Highlights of TOC:
Chapter 1: Global Cannabidiol (CBD) Skin Care Market overview
Chapter 2: Global Cannabidiol (CBD) Skin Care Market
Chapter 3: Regional analysis of the Global Cannabidiol (CBD) Skin Care Market industry
Chapter 4: Global Cannabidiol (CBD) Skin Care Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Global Cannabidiol (CBD) Skin Care Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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