Yahoo Finance Global Cannabis Infused Beauty Products Market Size Worth 8.86 Billion by 2030 at a 5.5% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global CBD Infused Beauty Products Market size & share revenue was valued at approximately USD 5.45 Billion in 2021 and is expected to reach around USD 8.86 Billion by 2030, at a CAGR of 5.5% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Ulta Beauty, Whoopi & Maya, Estee Lauder, High Beauty, e.l.f Beauty, Lord Jones LLC, Milk Makeup, Talyoni Labs, Papa & Barkley, Nature Plus, Herb Essntls, and others.
Sandy, Utah, USA, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled "Cannabis Infused Beauty Products Market Size, Trends and Insights Product Type (Oils, Creams, Serum, Cleansers, Others), Category (Organic, Conventional), Distribution Channel (Hyper Markets, Supermarkets, Convenience Stores, Specialty Stores), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030" in its research database.
"According to the latest research study, the demand of global Cannabis Infused Beauty Products Market size & share was valued at approximately USD 5.45 Billion in 2021 and is expected to reach a value of around USD 8.86 Billion by 2030, at a compound annual growth rate (CAGR) of about 5.5% during the forecast period 2022 to 2030."
The cannabis infused beauty product market mainly deals with the skin care segment, which includes cannabinoids and their medicinal properties. The huge benefits obtained with the usage of cannabis infused beauty products have helped the market record considerable revenue over some time. The cosmetic market has received a huge acceptance from potential buyers, which proved to be a positive impact on the growth phase of the market and is foreseen to benefit the size of the market during the forecast period.
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The recently introduced beauty products in this sector have focused on improving their quality to provide faster results in a shorter period.
Regional Snapshots
The geographical area of North America has emerged as the fastest growing market for cannabis infused beauty products about the huge demand and supply experienced by this sector. The huge demand for cannabis infused beauty products among the people in this region has helped the market show considerable growth and is expected to continue similarly in the future. The European market has also grown considerably due to the huge demand for aesthetic appearance and spotless skin.
The use of cosmetics in these countries has increased tremendously, which has helped to boost the market.
The organic value of cannabis infused beauty products has attracted potential buyers who aim at minimum side effects while using advanced beauty products to obtain maximum benefits. Further, many countries have offered legalization of the use of cannabis products which has boosted the size of the market tremendously. The region of Asia Pacific has shown steady growth, which is quite slow as a result of the strict restrictions which are imposed on the use of cannabis products.
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Market Dynamics
Drivers
The extensive research and development carried out by the key market players to introduce advanced cosmetic products into the market have behaved as a major driving factor for the growth phase of the market. The numerous health benefits offered by cannabis infused beauty products, such as anti-aging and cancer prevention, prove to be an attractive feature that is presented by the market to increase the demand and supply of these products. The advanced healing properties against inflammatory conditions have also helped to support the market's growth during the forecast period. These multiple factors will prove to be the driving forces for this market.
(A free sample of the Cannabis Infused Beauty Products report is available upon request; please contact us for more information.)
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(Please note that the sample of the Cannabis Infused Beauty Products report has been modified to include the COVID-19 impact study prior to delivery.)
Restraints
The key market players faced a major restraint with the appearance of side effects after the usage of cannabis infused beauty products. The consumers presented complications such as itching, skin peeling, and swelling after the usage of cannabis infused beauty products which proved to be an obstacle to the market's growth. This makes the consumers less confident regarding the effect of these beauty products. The lack of variety among cannabis infused beauty products hampers the market's growth to a great extent.
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Opportunities
Many countries have crossed the world have legalized the usage of cannabis infused beauty products which have proved to be a great opportunity for many key market players to increase the sales and supply of products. This has encouraged the introduction of many new products into the market. The key market players invest huge amounts in taking advantage of these opportunities.
Challenges
Various skin care products have been launched into the market for particular skin disorders, which confuses the consumers in making a perfect selection. The initial steps of this market word were challenged by the existence of the various side effects, which presented themselves as a restraining factor.
Many countries have laid down strict rules and regulations regarding the use of cannabis infused beauty products, which have greatly hampered the market's growth. These multiple reasons have the talent for the market's growth during the forecast period.
Key questions answered in this report:
What is the size of the Cannabis Infused Beauty Products market and what is its expected growth rate?
What primary driving factors that push the Cannabis Infused Beauty Products market forward?
What are the Cannabis Infused Beauty Products Industry's top companies?
What are the different categories that the Cannabis Infused Beauty Products Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Cannabis Infused Beauty Products market sample report and company profiles?
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Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report Scope
Feature of the Report | Details |
Market Size in 2021 | USD 5.45 Billion |
Projected Market Size in 2030 | USD 8.86 Billion |
CAGR Growth Rate | 5.5% CAGR |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Prominent Players | Ulta Beauty, Whoopi & Maya, Estee Lauder, High Beauty, e.l.f Beauty, Lord Jones LLC, Milk Makeup, Talyoni Labs, Papa & Barkley, Nature Plus, Herb Essntls, and Others |
Key Segment | By Product Type, Category, Distribution Channel, and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Report Highlights
On the basis of category, organic beauty products have shown a considerable increase in demand pertaining to the lesser number of side effects that have been experienced by potential buyers. The increasing awareness regarding the healthcare sector and the side effects which appear after usage of chemically formulated applications has boosted the demand for the organic segment of cannabis infused beauty products.
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On the basis of product type, moisturizers and creams have shown the maximum demand in the present market as a result of the huge sales and supply which has been experienced over the counter pertaining to the habit of self-prescription and drugging which exists among the people.
The increasing popularity of having a spotless appearance among people has boosted the demand for creams and moisturizers. Advanced properties such as cancer prevention provided by these cannabis infused beauty products have presented themselves as a major driving force for the market.
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On the basis of distribution channels, hypermarkets and supermarkets have presented the maximum demand and supply owing to the huge variety of selections which is kept at the disposal of potential buyers. On the basis of geography, the North American market has presented the largest share pertaining to its heavy consumption of cannabis infused beauty products.
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Key Market Players
Ulta Beauty
Whoopi & Maya
Estee Lauder
High Beauty
l.f Beauty
Lord Jones LLC
Milk Makeup
Talyoni Labs
Papa & Barkley
Nature Plus
Herb Essntls
Recent Developments
Many advanced anti-aging applications which include creams and lotions have been launched by Ovation science, which is a skincare company. The manufacturers have mainly made use of cannabanoid derivatives known as ARLO beauty. The introduction of new products into the market has helped the company to increase its limits considerably.
Skincare products and cosmetics were offered by the beauty store of Ulta beauty, which is a famous chain for cosmetics and beauty products.
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Segments covered in the report on cannabis infused beauty products
On the basis of Product Type
Oils
Creams
Serum
Cleansers
Others
On the basis of Category
Organic
Conventional
On the basis of the Distribution Channel
Hyper markets
Supermarkets
Convenience stores
Specialty stores
On the basis of Geography
North America
The US
Canada
Europe
The UK
Germany
France
Asia Pacific
China
India
Japan
South Korea
Rest of the World
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This Cannabis Infused Beauty Products Market Research/Analysis Report Contains Answers to the following Questions.
Which Manufacturing Technology is used for Cannabis Infused Beauty Products? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Cannabis Infused Beauty Products Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was the Global Market Status of the Cannabis Infused Beauty Products Market? What Was Capacity, Production Value, Cost and PROFIT of the Cannabis Infused Beauty Products Market?
What Is the Current Market Status of the Cannabis Infused Beauty Products Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Cannabis Infused Beauty Products Market by Taking Applications and Types in Consideration?
What Are Projections of the Global Cannabis Infused Beauty Products Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Cannabis Infused Beauty Products Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Cannabis Infused Beauty Products Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Cannabis Infused Beauty Products Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cannabis Infused Beauty Products Industry?
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Reasons to Purchase Cannabis Infused Beauty Products Market Report
Cannabis Infused Beauty Products Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Cannabis Infused Beauty Products Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Cannabis Infused Beauty Products Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Cannabis Infused Beauty Products Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
The study provides a thorough overview of the global Cannabis Infused Beauty Products market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Cannabis Infused Beauty Products market analysis.
The competitive environment of current and potential participants in the Cannabis Infused Beauty Products market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Cannabis Infused Beauty Products market should find this report useful. The research will be useful to all market participants in the Cannabis Infused Beauty Products industry.
Managers in the Cannabis Infused Beauty Products sector are interested in publishing up-to-date and projected data about the worldwide Cannabis Infused Beauty Products market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Cannabis Infused Beauty Products products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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