ACCESS Newswire
06 Aug 2020, 16:25 GMT+10
CBD skincare market players are seeking to optimize sourcing and trade facilities to aid faster shipments of hemp, to maintain inventories during the coronavirus crisis.
DUBAI, UAE / ACCESSWIRE / August 6, 2020 / Future Market Insights: The CBD skincare market is anticipated to display a staggering 26% CAGR during the forecast period between the years 2020 and 2030. The coronavirus outbreak and subsequent lockdown measures have pushed consumers to focus their spending on essential commodities. Disruptions to raw material supplies have also impacted the market. However, strong demand for CBD skin care products is helping in recovery of the industry, particularly through online distribution channels.
'The global CBD skin care market has benefited significantly from the legalization of cannabis in multiple countries. Also, growing awareness about the antioxidant benefits of the CBD infused skincare products will support the global CBD skin care market for the foreseeable future,' states the FMI analyst.
For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-9206
CBD Skincare Market- Critical Takeaways
CBD Skincare Market- Drivers
CBD Skincare Market- Restraints
Coronavirus Impact on CBD Skincare Market
With the coronavirus affecting countries around the globe, potential buyers for CBD skincare products are focusing their expenditure towards essentials. Further, the fear of recession has impacted investments into the CBD skincare market. In addition, CBD and hemp shipments have taken a hit. CBD skincare product manufacturers are focused on the optimization of global, national, and local supply chains to process shipments, while being in compliance with strict safety standards.
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-9206
Competitive Landscape
Fab CBD Company, Kiehl's LLC, Medical Marijuana Inc., Cannuka LLC, Elixinol Global Ltd., Green Growth Brands, Endoca LLC, Josie Maran Cosmetics, Naturally Splendid, Lord Jones, Leela Body Care Co., The CBD Skincare Co., Vertly Hemp, CBD for Life, and Myaderm are some of the leading players in the CBD skincare market.
Manufacturers in the CBD skincare market are primarily investing in the development and launch of new product lines to cater to the requirements of varying consumer demographics.
For instance, Perricone MD has announced the release of its hypoallergenic CBD skincare line, aimed towards consumers with sensitive skin. Similarly, e.l.f. Beauty has unveiled a new full spectrum CBD product line including 5 body and face products. Further, OTO has released a new CBD skincare range including body oils, face masks, night eye treatment, and night cream.
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/request-special-price/rep-gb-9206
About the Study
The study offers readers a comprehensive assessment of the CBD skincare market. Global, regional and national-level analysis of the latest trends influencing the CBD skincare market is covered in this FMI report. The study provides insights according to product type (creams, moisturizer & lotion, serums, face & body cleansers, sunscreens, soaps, CBD oils, balms, and others), source (natural & organic, and synthetic), and packaging type (pump, tubes, jar, sticks, and others), sales channel (supermarket, specialty stores, drug stores, online retailers, department stores, convenience stores, and wholesalers), and price range (economy and premium) in seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
Explore FMI's Coverage of the Retail & Consumer Products Industry
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About Future Market Insights
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the retail and consumer products sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Report: https://www.futuremarketinsights.com/reports/cbd-skin-care-market
Press Release Source: https://www.futuremarketinsights.com/press-release/cbd-skin-care-market
SOURCE: Future Market Insights
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