According to a report from Allied Market Research, the global CBD skin care market is expected to hit $3.48 billion by 2026, registering a CAGR of 24.8% during 2019-2026.
According to the market research company, sustainable skin care products and surge in awareness and acceptance of cannabis-derived skin care are major growth drivers.
According to the report:
- Online sales of CBD skincare are expected to usher in a number of opportunities for the key players in the industry.
- The hemp segment accounted for more than half of the global CBD skin care market revenue in 2019 and is anticipated to rule the roost during the study period.
- The department stores segment contributed to nearly one-third of the global CBD skin care market share in 2019 and is expected to dominate throughout the forecast period.
- North America held the major share in 2019, generating nearly two-fifths of the global CBD skin care market.
Frontrunners in the industry include:
- Medical Marijuana Inc.
- Leef Organics
- Endoca LLC
- Lord Jones
- Fab CBD Company
- Kiehl's LLC
- Kapu Maku LLC
- Cannuka LLC
- Elixinol Global Limited
For the full report, please visit: www.alliedmarketresearch.com