North America CBD (Cannabidiol) Skin Care Market 2019-2020 & Forecast to 2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "North America CBD Skin Care Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.

North American CBD skin care market is anticipated to rise with a CAGR of 21.30% in the estimated years 2019-2028. The United States and Canada together shape the market in this region.

Most skincare treatments focus on the wellness aspect of CBD products, boasting that it is a natural ingredient that provides a soothing and calming effect to the skin. However, it is likely that there are a lot more benefits obtained by using serums or oils containing cannabidiol. Owing to the anti-inflammatory, antioxidant properties of CBD, it is used in topical treatments for relieving dryness and inflammation. Also, it is being investigated whether CBD can be used by those with sensitive skin. Therefore, CBD products are in high demand.

In Canada, the use of medical marijuana is permitted at the federal level. The nation's government has handed the production responsibility in the hands of very few companies. However, investors have been showing keen interest to enter the Canadian marijuana space, as the country launched its recreational cannabis market in 2018. May 2019 saw Ovation Science announce its plan to introduce its new skincare brand in the country, called "ARLO Beauty."

The products it planned to introduce included anti-aging night creams, day creams, eye creams, as well as a luxurious hand & body lotion. The entire product line of the brand was billed as the one having anti-aging skincare products enhanced with hemp-derived CBD. Canada is, therefore, seeing a high adoption of cannabidiol. This is favoring the growth of the Canadian CBD skin care market.

COMPETITIVE OUTLOOK

The dominant companies in the market include Cronos Group Inc, Fab CBD, Joy Organics, Kapu Maku LLC (Populum), Medical Marijuana Inc, Isodiol International Inc, and Kiehl's LLC (Acquired By L'oreal).

Key Topics Covered:

1. North America CBD Skin Care Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. North America Holds Significant Growth Opportunity

2.2.2. Shift Toward CBD-Infused Skincare Products

2.2.3. Online Sales of CBD Skincare Products

2.3. Impact of COVID-19 on CBD Skin Care Industry

2.4. Porter's Five Forces Analysis

2.5. Market Attractiveness Index

2.6. Industry Components

2.7. Market Drivers

2.7.1. Holistic Benefits of CBD-Infused Skin Care Products

2.7.2. Growing Usage of Cannabis for Medical and Recreational Purposes

2.7.3. Demand for Organic Personal Care Products

2.8. Market Restraints

2.8.1. Risk of Bacterial Contamination

2.9. Market Opportunities

2.9.1. Increasing Health Awareness

2.9.2. Personalized Skin Care Products

2.10. Market Challenges

2.10.1. Constant Pressure from Regulatory Bodies

3. North America CBD Skin Care Market Outlook - by Source

3.1. Hemp

3.2. Marijuana

4. North America CBD Skin Care Market Outlook - by Application

4.1. Oils

4.2. Lotion & Creams

4.3. Masks & Serums

4.4. Bath & Soaps

4.5. Other Applications

5. North America CBD Skin Care Market Outlook - by Distribution Channels

5.1. Supermarkets/Hypermarkets

5.2. Retail Pharmacies

5.3. Departmental Stores

5.4. E-Commerce

5.5. Other Distribution Channels

6. North America CBD Skin Care Market - Regional Outlook

6.1. United States

6.2. Canada

7. Competitive Landscape

7.1. Cannuka LLC

7.2. Cronos Group Inc

7.3. Elixinol Limited

7.4. Endoca Bv

7.5. Fab CBD

7.6. Isodiol International Inc

7.7. Joy Organics

7.8. Kapu Maku LLC (Populum)

7.9. Khiron Life Sciences Corp

7.10. Kiehl's LLC (Acquired by L'oreal)

7.11. Leef Organics Ltd

7.12. Medical Marijuana Inc

7.13. The CBD Skincare Company

7.14. Vertlybalm

8. Research Methodology & Scope

For more information about this report visit https://www.researchandmarkets.com/r/qz2de4