CBD skin care market has garnered $736.6 million in 2019 and is anticipated to hit $3.48 billion by 2026, registering a CAGR of 24.80% from 2019 to 2026. The report provides an extensive analysis of drivers & opportunities, changing market trends, competitive landscape, key segments, and market size & estimations.” data-reactid=”12″>Portland, OR, Feb. 13, 2020 (GLOBE NEWSWIRE) — As per the report, the global CBD skin care market has garnered $736.6 million in 2019 and is anticipated to hit $3.48 billion by 2026, registering a CAGR of 24.80% from 2019 to 2026. The report provides an extensive analysis of drivers & opportunities, changing market trends, competitive landscape, key segments, and market size & estimations.
Increase in preference toward sustainable skin care products, and rise in awareness and acceptance of cannabis are the major factors fueling the growth of the global CBD skin care market. On the other hand, high probabilities of product contamination and regulatory imposition on product manufacturing and marketing impede the growth to some extent. Moreover, surge in revenue through online sales channels are expected to usher in a number of opportunities for the key players in the industry.
https://www.alliedmarketresearch.com/request-sample/6291” data-reactid=”14″>Download Brochure to Know More Information About CBD skin care and Industry Insights @ https://www.alliedmarketresearch.com/request-sample/6291
The CBD skin care market segmented on the basis of product type, source, distribution channel, and region. Based on form, the market is bifurcated into hemp and marijuana. The hemp segment contributed to more than half of the global CBD skin care market revenue in 2019, and is anticipated to rule the roost during the study period. Simultaneously, the marijuana segment is anticipated to grow at the fastest CAGR of 25.8% till 2026.
https://www.alliedmarketresearch.com/purchase-enquiry/6291” data-reactid=”16″>Based on distribution channel, the market is classified into departmental stores, e-commerce, hypermarkets/supermarkets, retail pharmacies, and others. The departmental stores segment accounted for nearly one-third of the global CBD skin care market share in 2019, and is expected to dominate throughout the forecast period. On the other hand, the e-commerce segment would cite the fastest CAGR of 27.4% in between 2019 to 2026.
Send Me Enquire@ https://www.alliedmarketresearch.com/purchase-enquiry/6291
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of „Market Research Reports” and „Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.