According to a report from Allied Market Research, the global CBD skin care market is expected to hit $3.48 billion by 2026, registering a CAGR of 24.8% during 2019-2026.

According to the market research company, sustainable skin care products and surge in awareness and acceptance of cannabis-derived skin care are major growth drivers.

According to the report:

♦ Online sales of CBD skincare are expected to usher in a number of opportunities for the key players in the industry. 

♦ The hemp segment accounted for more than half of the global CBD skin care market revenue in 2019 and is anticipated to rule the roost during the study period. 

♦ The department stores segment contributed to nearly one-third of the global CBD skin care market share in 2019 and is expected to dominate throughout the forecast period. 

♦ North America held the major share in 2019, generating nearly two-fifths of the global CBD skin care market.

Frontrunners in the industry include: 

• Medical Marijuana Inc.

• Leef Organics

• Endoca LLC

• Lord Jones

• Fab CBD Company

• Kiehl’s LLC

• Kapu Maku LLC

• VERTLYBALM

• Cannuka LLC

• Elixinol Global Limited

Source: gcimagazine