Global Cannabis Infused Beauty Products Market Size Worth 8.86 Billion by 2030 at a 5.5% CAGR

Sandy, Utah, USA – Custom Market Insights has published a new research report titled “Cannabis Infused Beauty Products Market Size, Trends and Insights Product Type (Oils, Creams, Serum, Cleansers, Others), Category (Organic, Conventional), Distribution Channel (Hyper Markets, Supermarkets, Convenience Stores, Specialty Stores), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand of global Cannabis Infused Beauty Products Market size & share was valued at approximately USD 5.45 Billion in 2021 and is expected to reach a value of around USD 8.86 Billion by 2030, at a compound annual growth rate (CAGR) of about 5.5% during the forecast period 2022 to 2030.”

The cannabis infused beauty product market mainly deals with the skin care segment, which includes cannabinoids and their medicinal properties. The huge benefits obtained with the usage of cannabis infused beauty products have helped the market record considerable revenue over some time. The cosmetic market has received a huge acceptance from potential buyers, which proved to be a positive impact on the growth phase of the market and is foreseen to benefit the size of the market during the forecast period.

Regional Snapshots

The geographical area of North America has emerged as the fastest growing market for cannabis infused beauty products about the huge demand and supply experienced by this sector. The huge demand for cannabis infused beauty products among the people in this region has helped the market show considerable growth and is expected to continue similarly in the future. The European market has also grown considerably due to the huge demand for aesthetic appearance and spotless skin.
The use of cosmetics in these countries has increased tremendously, which has helped to boost the market.

The organic value of cannabis-infused beauty products has attracted potential buyers who aim at minimum side effects while using advanced beauty products to obtain maximum benefits. Further, many countries have offered legalization of the use of cannabis products which has boosted the size of the market tremendously. The region of Asia Pacific has shown steady growth, which is quite slow as a result of the strict restrictions which are imposed on the use of cannabis products.

Market Dynamics

Drivers

The extensive research and development carried out by the key market players to introduce advanced cosmetic products into the market have behaved as a major driving factor for the growth phase of the market. The numerous health benefits offered by cannabis-infused beauty products, such as anti-aging and cancer prevention, prove to be an attractive feature that is presented by the market to increase the demand and supply of these products. The advanced healing properties against inflammatory conditions have also helped to support the market’s growth during the forecast period. These multiple factors will prove to be the driving forces for this market.

Restraints

The key market players faced a major restraint with the appearance of side effects after the usage of cannabis infused beauty products. The consumers presented complications such as itching, skin peeling, and swelling after the usage of cannabis infused beauty products which proved to be an obstacle to the market’s growth. This makes the consumers less confident regarding the effect of these beauty products. The lack of variety among cannabis-infused beauty products hampers the market’s growth to a great extent.

Opportunities

Many countries have crossed the world have legalized the usage of cannabis-infused beauty products which have proved to be a great opportunity for many key market players to increase the sales and supply of products. This has encouraged the introduction of many new products into the market. The key market players invest huge amounts in taking advantage of these opportunities.

Challenges

Various skin care products have been launched into the market for particular skin disorders, which confuses the consumers in making a perfect selection. The initial steps of this market word were challenged by the existence of the various side effects, which presented themselves as a restraining factor.

Many countries have laid down strict rules and regulations regarding the use of cannabis infused beauty products, which have greatly hampered the market’s growth. These multiple reasons have the talent for the market’s growth during the forecast period.

Key questions answered in this report:

• What is the size of the Cannabis Infused Beauty Products market and what is its expected growth rate?
• What primary driving factors that push the Cannabis Infused Beauty Products market forward?
• What are the Cannabis Infused Beauty Products Industry’s top companies?
• What are the different categories that the Cannabis Infused Beauty Products Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Cannabis Infused Beauty Products market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

(This information is primarily sourced from Custom Market Insights.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).