Market trends in CBD skin care have been gaining momentum. In fact, the global market is expected to reach USD 1.7 billion by 2025. This increase is attributed to the growing demand for anti-aging and acne products. The growth is also driven by the increased awareness about the healing properties of CBD-infused beauty products.
Promising Future Of CBD Products
Various countries have legalized cannabis-infused beauty products. These products are available in the market in the form of oils, lotions, serums, creams, shampoos, soaps, moisturizers, etc.
A number of studies and research have shown that CBD has beneficial properties for the skin. It acts as an anti-inflammatory agent and reduces redness and blotchy areas. In addition to these effects, it helps reduce the production of sebum in the sebaceous glands. Furthermore, it contains antioxidant characteristics that help to lower the risk of aging in the elderly population.
However, there are several risks associated with CBD. Therefore, it is best to carry out careful research and get to know more about the potential uses and side effects. Nonetheless, many individuals have reported positive results using CBD skincare products.
Moreover, the market for CBD skincare products is expanding rapidly. This growth is aided by a rise in awareness about the benefits of CBD and the recent regulatory approvals for cannabis-infused beauty products. Also, the rising trend of self-prescription is one of the key factors driving this trend.
The market is anticipated to grow at a CAGR (Compound Annual Growth Rate) of more than 33 percent. It is also expected to expand in the Asia Pacific region.
Amongst the different segments of the market, the CBD Oil segment is predicted to exhibit the highest CAGR. This segment is also expected to register the highest revenue by the end of the forecast period. Increasing usage of products and increasing availability of raw materials are the key drivers of growth. Further, the increasing adoption of plant-based ingredients reflects the growing concern for sustainability.
As CBD is a non-psychoactive compound, it has a number of therapeutic benefits for the skin. It is known to combat blemishes, psoriasis, and eczema. Its anti-inflammatory action may also reduce the production of lipids in the sebaceous glands, thereby reducing acne outbreaks.
Risks and Considerations
Nevertheless, it should be noted that CBD-based products are still in the early stages of development and are not yet approved for all medical purposes by regulatory agencies.
While CBD can provide great benefits to the skin, it is important to note that the industry is still in its infancy. Hence, it is best to follow the new developments in the market.