Global cannabis-infused beauty products market projected to generate 17 percent CAGR by 2026

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

A brand new research report has been published by Facts and Factors. Extending over more than 225 pages, the report’s publication was first announced by Globe News Wire.

As the report title suggests, this all-encompassing analysis of the industry offers insights into the “Cannabis Infused Beauty Products Market By Product (Fragrances, Hair Care, Skin Care, and Others), By Form (Lotion, Cream, Oil, and Others), By Distribution Channel (Offline and Online), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026”.

Based on research contained in the report, the worldwide cannabis-infused beauty products market had an estimated value of USD 6.5 Billion in 2019. Moreover, by the year 2026, market valuation is expected to hit USD 20.5 Billion; demonstrating a projected compound annual growth rate (CAGR) of 17 percent during the forecast period”.

What defines a cannabis-infused beauty product?

The term “cannabis-infused beauty product” encompasses a wide range of goods. However, the umbrella term usually includes a variety of hair care and skin care products that have been enriched with cannabinoids. According to analytical research and statistics covering this segment, the market will undergo monumental growth over the next few years; especially since legalization is spreading across the United States and other countries around the globe.

One of the primary ingredients contained in cannabis-infused beauty products is the non-psychoactive compound CBD (cannabidiol). Thanks to a swelling body of research pinpointing CBD’s anxiolytic, anti-inflammatory, analgesic and neuroprotective properties, such as this study published in the U.S. National Library of Medicine, it’s understandable why consumers are instilling extra faith in this area of the cannabis wellness market.                        

Report on worldwide cannabis-infused beauty products market highlights key players

Investor interest in the cannabis-infused beauty products market is reaching an all-time peak. Facts and Factors’ report offers an insightful look at the market’s key players, all of which are being presented with simplified access to raw material and decent labor charges; thus enabling them to capitalize on new opportunities.

Some of the key players highlighted in this report on the global cannabis-infused beauty products market include:

  • e.l.f Beauty
  • Estee Lauder
  • Herb Essntls
  • High Beauty
  • Lord Jones LLC
  • Milk Makeup
  • Nature Plus
  • Papa & Barkley
  • Talyoni Labs
  • Ulta Beauty
  • Whoopi & Maya

Aside from improved access to cannabis and cheaper labor costs, overseas investors are acknowledging the appeal of cannabis-infused beauty products. For example, Latin America, where agriculture is characterized by favorable climatic conditions and low costs, is emerging as a preferred avenue for investment.

You can request a free sample report of the worldwide cannabis-infused beauty products market by clicking here. The free sample report covers an extensive industry analysis of the 2020 market, as well as COVID-19 pandemic outbreak impact analysis, research methodology, business strategies and regional analysis.