The Business Research Company’s report on the Cannabis Cosmetics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the cannabis cosmetics market’s growth in recent years?
The rising interest in natural and organic products is expected to propel the growth of the cannabis cosmetics market going forward. Natural and organic products refer to goods made from ingredients sourced from nature without the use of synthetic chemicals, pesticides, or genetically modified organisms (GMOs), promoting health and sustainability. The rise of natural and organic products is driven by growing consumer awareness of the health benefits, environmental sustainability, and the desire for products free from harmful chemicals and additives, which has led to a shift towards more eco-conscious and clean-label options in various markets, particularly in the beauty, skincare, and food industries. Cannabis cosmetics enhance the appeal of organic products by offering natural, plant-based ingredients that align with consumers’ growing preference for eco-friendly, chemical-free alternatives in their beauty and skincare routines. For instance, in March 2022, the British Beauty Council, a UK-based nonprofit organization, reported that 56,000 organic ingredients and products were awarded COSMOS certification, marking a 22% increase from the previous year. Therefore, the rising interest in natural and organic products is driving the growth of the cannabis cosmetics market.
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How does the future projection of the cannabis cosmetics market size compare to its historical growth?
The cannabis cosmetics market size has grown exponentially in recent years. It will grow from $5.48 billion in 2024 to $7.29 billion in 2025 at a compound annual growth rate (CAGR) of 32.8%. The growth in the historic period can be attributed to increased acceptance of cannabis in beauty products, increased e-commerce sales, increased legalization and regulatory approvals, growing popularity of hemp, and increased efficacy in product formulation.
The cannabis cosmetics market size is expected to see exponential growth in the next few years. It will grow to $22.43 billion in 2029 at a compound annual growth rate (CAGR) of 32.5%. The growth in the forecast period can be attributed to rising consumer demand for natural products, growing popularity of eco-friendly products, rising demand for wellness products, growing focus on skin wellness, and rising preference for holistic beauty treatments. Major trends in the forecast period include integration with sustainable practices, technology advancements, innovation in product formats, advancements in extraction methods, and innovations around lesser-known cannabinoids.
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Which key players are shaping the future of the cannabis cosmetics market?
Major companies operating in the cannabis cosmetics market are The Estee Lauder Companies Inc., Kush Queen LLC, Lush Fresh Handmade Cosmetics, Vertly Botanicals Inc., Milk Makeup Inc., RainShadow Labs LLC, Josie Maran Cosmetics Inc., Leef Organics Inc., Herb Essntls Inc., Kana Skincare LLC, Joy Organics LLC, Elixinol Global Limited, CBD for Life LLC, Mary’s Nutritionals Inc., Cannuka LLC, High Beauty Inc., MGC Derma Ltd., Lord Jones LLC, SWOPA, The CBD Skincare Company
What trends will propel the growth and evolution of the cannabis cosmetics market?
Major companies operating in the cannabis cosmetics market are focusing on developing innovative products, such as CBD topical body care products, to cater to the growing demand for natural skincare solutions. CBD topical body care products are skincare formulations infused with cannabidiol (CBD) designed for direct application to the skin to offer potential benefits like reducing inflammation, relieving pain, and improving skin health. For instance, in June 2024, NOW Health Group Inc., a US-based manufacturer and distributor of natural health products, launched a wide range of health and wellness products CBD Joint and Muscle Cream, CBD Balm, and CBD Massage Oil. These topicals are formulated with broad-spectrum hemp extract, offering anti-inflammatory and soothing benefits without the psychoactive effects of THC. The products are designed to alleviate pain, hydrate the skin, and promote relaxation. Targeted at wellness-conscious consumers, they cater to muscle relief, skin hydration, and stress reduction.
Which regions are expected to become dominant players in the cannabis cosmetics market?
North America was the largest region in the cannabis cosmetics market in 2024. The regions covered in the cannabis cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the cannabis cosmetics market, and how are they evolving?
The cannabis cosmetics market covered in this report is segmented –
1) By Product Type: Skincare, Haircare, Makeup, Fragrances, Others Product Types
2) By Ingredient Type: Cannabidiol, Tetrahydrocannabinol, Hemp Seed Oil, Other Ingredient Types
3) By Distribution Channel: Online Stores, Supermarkets And Hypermarkets, Specialty Stores, Other Distribution Channels
4) By Application: Personal Use, Medical Use, Other Applications
Subsegments:
1) By Skincare: Moisturizers, Serums, Face Masks, Sunscreens, Body Lotions
2) By Haircare: Shampoos, Conditioners, Hair Oils, Hair Masks, Scalp Treatments
3) By Makeup: Foundations, Lipsticks, Mascaras, Eyeshadows, Blushes
4) By Fragrances: Perfumes, Body Mists, Roll-On Scents, Aromatherapy Sprays
5) By Other Product Types: Bath Bombs, Deodorants, Lip Balms, Beard Oils
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What defines the structure and scope of the cannabis cosmetics market?
Cannabis cosmetics refers to beauty and skincare products that incorporate cannabis-derived ingredients, such as CBD (cannabidiol) or hemp oil, known for their potential therapeutic benefits. They are used for various purposes, including moisturizing, soothing inflammation, reducing signs of aging, and promoting overall skin health.
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