Global CBD Skin Care Market Research Report Forecast to 2026

NAVI MUMBAI, India - Feb. 5, 2020 - PRLog -- Global CBD Skin Care Market Size study, by Source (Hemp, Marijuana), By Type (Oils, Creams & Moisturizers, Masks & Serums, Cleansers) and Regional Forecasts 2019-2026

Global CBD Skin Care Market (https://www.bharatbook.com/marketreports/global-cbd-skin-care-market-size-study-by-source-by-type-and-regional-forecasts-2019-2026/1969972) is valued approximately at USD 254 million in 2018 and is anticipated to grow with a healthy growth rate of more than 32% over the forecast period 2019-2026. Cannabidiol (known as CBD) is the non-intoxicating compound extracted from marijuana or hemp plants. Cannabidiol is used for the treatment of skin care conditions such as psoriasis, dry skin, acne and eczema. It is considered effective and safe for all skin types although is mostly effective for people who struggle with inflammatory conditions, sensitivity, acne, and dryness related to skin. The global market for CBD skin care is observing growth owing to the ability of these cannabidiol products in treating several skin conditions.

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CBD also comprises of antioxidant properties that can help in neutralizing signs of aging. The presence of such outstanding properties in CBD, makes it as one of the key components in personal care and skin care products. Thus, growth in personal care industry is contributing towards market growth. According to India Brand Equity Foundation, personal care market in India is expected to reach $20 billion by 2025 as compared to $6.5 billion in 2016. Similarly, the United states personal care industry is estimated to reach 42 billion by 2023 as compared to $34 billion in 2012, as per Statista. This, growth in the personal care industry is expected to increase the adoption of CBD in skin care product thereby contributing towards market growth. However, strict rules and regulations regarding the approval of CBD based products impedes the growth of the market over the forecast period of 2019-2026.

Browse our full report with Table of Content : https://www.bharatbook.com/marketreports/global-cbd-skin-care-market-size-study-by-source-by-type-and-regional-forecasts-2019-2026/1969972