Market By Source, Application, Distribution, And Country | Forecast 2019-2028
Triton Market Research has concluded that the North America CBD skin care market is projected to grow at a CAGR of 21.30% in the estimated years 2019-2028.
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The countries scrutinized in this market include:
• The United States
• Canada
The United States is the largest market for skin care in the world; it is presently valued at around $20 billion. Hemp-derived CBD has boosted the process of skincare product development in the country like no other market. Owing to the Farm Bill of 2018, the US got a massive headstart in the CBD skincare market in the North American region. This bill removed hemp from the Controlled Substances Act, thus paving the path for legally cultivating, possessing, selling, and distributing the hemp plants.
Lord Jones, Kerklaan, Sagely Naturals, Vertly, Saint Jane, Mineral, Cannuka, Khus + Khus, Beboe Therapies, Prima, and Hora are among the top CBD skincare product manufacturing companies in the US. All these factors show that the nation has witnessed an enhanced demand for CBD skincare products. This is expected to bolster the market for CBD skin care in the United States over the forecasting period.
In November 2019, Ovation Science Inc launched its e-commerce website. It is a topical cannabis products developing company known for its patented skin delivery technology and has an experience of over twenty years in skincare research and development. The website, named “www.InvibeMD.com” features the company’s CBD health & wellness line “Invibe® MD.” With this website, consumers in the US can purchase high-quality health and wellness products, which have been infused with the benefits of hemp-derived CBD. All these factors are boosting the growth of the US CBD skin care market.
Cannuka LLC is a manufacturer of skincare products. It makes use of fresh and natural ingredients as the base ingredients for producing skincare products. Its major product line consists of products made with natural ingredients like cannabidiol (CBD) and Manuka honey. CBD healing skin balm, CBD hydrating lip balm, CBD nourishing body cream, CBD harmonizing face cream, CBD calming eye balm, and CBD cleansing bath soap are some of its well-known products avaolilabale in the market. The company is headquartered in Ohio, the United States.
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VIEW REPORT1. NORTH AMERICA CBD SKIN CARE MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. NORTH AMERICA 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 SKIN CARE 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 SKIN CARE PRODUCTS
2.10. MARKET CHALLENGES
2.10.1. CONSTANT PRESSURE FROM REGULATORY BODIES
3. NORTH AMERICA CBD SKIN CARE MARKET OUTLOOK - BY SOURCE
3.1. HEMP
3.2. MARIJUANA
4. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA CBD SKIN CARE MARKET – REGIONAL OUTLOOK
6.1. UNITED STATES
6.2. CANADA
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: NORTH AMERICA CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: NORTH AMERICA CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 3: NORTH AMERICA CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: NORTH AMERICA CBD SKIN CARE MARKET, BY HEMP, 2019-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA CBD SKIN CARE MARKET, BY MARIJUANA, 2019-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA CBD SKIN CARE MARKET, BY OILS, 2019-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA CBD SKIN CARE MARKET, BY LOTION & CREAMS, 2019-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA CBD SKIN CARE MARKET, BY MASKS & SERUMS, 2019-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA CBD SKIN CARE MARKET, BY BATH & SOAPS, 2019-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA CBD SKIN CARE MARKET, BY OTHER APPLICATIONS , 2019-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA CBD SKIN CARE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2019-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA CBD SKIN CARE MARKET, BY RETAIL PHARMACIES, 2019-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA CBD SKIN CARE MARKET, BY DEPARTMENTAL STORES, 2019-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA CBD SKIN CARE MARKET, BY E-COMMERCE, 2019-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA CBD SKIN CARE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 16: UNITED STATES CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 17: CANADA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)