Market By Source, Application, Distribution Channels, And Country | Forecast 2019-2028
Triton’s research on the Europe CBD skin care market depicts that it will grow at a stable pace with a CAGR of 21.47% in terms of revenue during the forecast period 2019-2028.
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The countries evaluated in this market include:
• The United Kingdom
• France
• Germany
• Spain
• Italy
• Russia
• Rest of Europe countries
Using cannabis for recreational purposes is illegal in the United Kingdom. However, in the last few years, there has been a rising interest in using it for medicinal purposes. A 2018 report from the United Nations states that, Britain is the largest producer in the world for legal cannabis. Also, in 2016, the UK produced 95 tons of legal cannabis.
The beauty & personal care product brand Avon entered the “green space” in February 2020, launching its first CBD skincare product called Green Goddess. The product is a CBD-infused clean facial oil. A few days later, Superdrug launched its own CBD skincare range with all products priced under £10. Also, Urban Outfitters announced entering into a distribution deal with High, a skincare brand producing products with cannabis sativa seed oil. All these developments indicate that the market for CBD skin care in the United Kingdom will grow exponentially in the years to come.
Germany is on its way to becoming one of the largest medical marijuana markets in the world. Also, the country’s medicinal cannabis market has grown rapidly since the drug’s legalization in 2017. In April 2019, Aphria Deutschland GmbH introduced a CBD-based nutraceutical in the German market, which was the first product in its CBD-based cosmetics line. Also, CannRelief has been producing hemp-derived products in the EU. These are being distributed in Germany by its subsidiary CC Pharma, across more a network of pharmacies throughout the country.
Kiehl's LLC is a renowned cosmetics retailer specializing in skin, hair, and body care products. The company’s CBD skincare products include cannabis sativa seed oil herbal concentrate and cannabis sativa seed oil herbal cleanser. Kiehl’s is headquartered in Clichy, France. It was established in the year 1851, and was purchased by L'Oréal in 2000.
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VIEW REPORT1. EUROPE CBD SKIN CARE MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. EUROPE 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
2.4.1. THREAT OF NEW ENTRANTS
2.4.2. THREAT OF SUBSTITUTE
2.4.3. BARGAINING POWER OF BUYERS
2.4.4. BARGAINING POWER OF SUPPLIERS
2.4.5. THREAT OF COMPETITIVE RIVALRY
2.5. MARKET ATTRACTIVENESS INDEX
2.6. INDUSTRY COMPONENTS
2.7. MARKET DRIVERS
2.7.1. HOLISTIC BENEFITS OF CBD-INFUSED SKINCARE 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 SKINCARE PRODUCTS
2.10. MARKET CHALLENGES
2.10.1. CONSTANT PRESSURE FROM REGULATORY BODIES
3. EUROPE CBD SKIN CARE MARKET OUTLOOK - BY SOURCE
3.1. HEMP
3.2. MARIJUANA
4. EUROPE 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. EUROPE 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. EUROPE CBD SKIN CARE MARKET – REGIONAL OUTLOOK
6.1. UNITED KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. RUSSIA
6.7. REST OF EUROPE
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
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE 1: EUROPE CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: EUROPE CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 3: EUROPE CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 4: EUROPE CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 5: EUROPE CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: EUROPE CBD SKIN CARE MARKET, BY HEMP, 2019-2028 (IN $ MILLION)
FIGURE 4: EUROPE CBD SKIN CARE MARKET, BY MARIJUANA, 2019-2028 (IN $ MILLION)
FIGURE 5: EUROPE CBD SKIN CARE MARKET, BY OILS, 2019-2028 (IN $ MILLION)
FIGURE 6: EUROPE CBD SKIN CARE MARKET, BY LOTION & CREAMS, 2019-2028 (IN $ MILLION)
FIGURE 7: EUROPE CBD SKIN CARE MARKET, BY MASKS & SERUMS, 2019-2028 (IN $ MILLION)
FIGURE 8: EUROPE CBD SKIN CARE MARKET, BY BATH & SOAPS, 2019-2028 (IN $ MILLION)
FIGURE 9: EUROPE CBD SKIN CARE MARKET, BY OTHER APPLICATIONS, 2019-2028 (IN $ MILLION)
FIGURE 10: EUROPE CBD SKIN CARE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2019-2028 (IN $ MILLION)
FIGURE 11: EUROPE CBD SKIN CARE MARKET, BY RETAIL PHARMACIES, 2019-2028 (IN $ MILLION)
FIGURE 12: EUROPE CBD SKIN CARE MARKET, BY DEPARTMENTAL STORES, 2019-2028 (IN $ MILLION)
FIGURE 13: EUROPE CBD SKIN CARE MARKET, BY E-COMMERCE, 2019-2028 (IN $ MILLION)
FIGURE 14: EUROPE CBD SKIN CARE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
FIGURE 15: EUROPE CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 16: UNITED KINGDOM CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 17: GERMANY CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 18: FRANCE CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 19: SPAIN CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 20: ITALY CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 21: RUSSIA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 22: REST OF EUROPE CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)