What’s The CBD Skin Care Market’s Outlook?
According to a Big Market Research report, the global CBD skincare market is projected to reach $3.484.00 billion by 2026. That will translate to a 24.80% growth rate from 2019 to 2026.
The sustained growth in the CBD skincare market is especially great news for traders. As an investor, you can set up a CBD venture today and capitalize on the demand.
Of course, there are a few legal and administrative procedures to contend with before establishing a thriving CBD skincare business. But once you’re up and running, there’s literally no limit to how much profit you’ll be able to make from this bullish market.
Reasons Why the CBD Skincare Market Is Booming
The main secret behind the boom in the CBD skincare market lies in the fact that cannabidiol can help treat and manage a wide spectrum of skin conditions.
Numerous studies have cited CBD for its ability to treat pain, which happens to be one of the main medical concerns affecting the skin. As a pain-relieving compound, CBD is effective against both nociceptive and neuropathic pain.
You can also use CBD skincare products to alleviate inflammation. Inflammation is the body’s natural response against physical injury or invasion by foreign substances. However, inflammation can cause excruciating pain while it lasts. CBD fights inflammation by suppressing some of the body’s inflammatory messenger activity. Therefore, it can be useful in combating inflammatory skin conditions like dermatitis and eczema.
Besides pain and inflammation, CBD might also relieve stress and anxiety. While anxiety is mostly a mental condition, it produces various physical symptoms that CBD might fight, such as irritability. By investing in premium-quality CBD products like Sunday Scaries CBD, you can relieve stress, anxiety, depression, and a host of other mental conditions.
Insomnia is another severe disease that you can combat using CBD skin care products. Although it’s a neurological problem, sleeplessness can adversely impact your skin, considering that many of the skin’s self-healing processes occur during sleep. CBD fights insomnia by eliminating or shortening rapid eye movement (REM) sleep. Now, REM is the stage during sleep when you’re most mentally awake but physically asleep. Sleep experts believe that most dreams occur during REM sleep, and the logic is that eliminating REM reduces the number of dreams, which ultimately translates to restful sleep. CBD might also combat insomnia by shortening sleep latency and relieving some of the most bothersome symptoms of insomnia, like post-traumatic stress disorder.
The following are other reasons behind the boom in the CBD skincare market.
1. Increased adoption of cannabis-based consumer goods
For many years since the discovery of CBD, the compound was most popular in the health industry.
However, the increased awareness of the cosmetic benefits of CBD has occasioned a rise in demand for CBD-enriched skin care products.
Admittedly, there’s still more work required to achieve global cannabis legalization and bust some of the misconceptions surrounding cannabis use.
But the strides made so far are inspiring and, indeed, worth writing home about.
2. Increased adoption of all-natural skincare products
‘Healthy living’ has somewhat become a fad, with every health and wellness publication sparing a column or two to emphasize the significance of pursuing a healthy lifestyle.
Originally, the focus was on performance-enhancing drugs, then came healthy diet shakes. Well, today, the craze is on healthy cosmetic products.
No one wants to bathe using a shampoo that leaves their hair all dry and fuzzy or apply a post-workout ointment that exacerbates inflammation instead of relieving it. These are some of the reasons why beauty and skincare buffs are increasingly moving towards all-natural skincare products.
And since cannabidiol is derived from cannabis, which happens to be a plant, it goes without saying that CBD-enriched skincare products are safer for your skin than those formulated with synthetic ingredients.
Of course, being all-natural doesn’t make CBD risk-free, as there are a few side effects to watch out for, such as drowsiness, nausea, and fatigue. Fortunately, these side effects are mild and short-lived.
3. A slew of CBD skincare products to experiment with
You probably already understand that most CBD-enriched skin care products come in topicals, which are for external applications. However, each user has a preferred method of application.
While some users prefer to bathe using CBD-bath bombs, others are more at home applying CBD balms.
Other popular CBD skin care products that consumers can experiment with include oils, moisturizers, masks, serums, lotions, and cleansers. Users battling skin conditions like pain and inflammation can even go for edible or inhalable CBD products.
This variety has played a role in driving the success of the CBD skincare market.
Like most cannabis-based products, CBD remains illegal in various countries worldwide. In the United States, CBD, as with all cannabis-derived products, is illegal at the federal level.
However, the 2018 Farm Bill legalized the possession and use of hemp-derived CBD products that contain a maximum of 0.3% of THC.
The general trend towards legalization has been witnessed in several countries worldwide, including Canada, the United Kingdom, etc.
Even better, renowned cosmetic brands, such as L’Oréal SA and Josie Maran Cosmetics LLC, have become more receptive to CBD-based products.
There are numerous factors responsible for the boom in the CBD skincare market. But despite the boom, remember that cannabidiol remains illegal in many countries. So, it’s prudent to establish the legality of CBD in your jurisdiction before investing in CBD-enriched cosmetic products.