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Global CBD Skin Care Market to Reach $3.48 Billion by 2026

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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
  • VERTLYBALM
  • Cannuka LLC
  • Elixinol Global Limited

For the full report, please visit: www.alliedmarketresearch.com