The global cannabis infused beauty products market size was worth around USD 35.34 billion in 2023 and is predicted to grow to around USD 207.24 billion by 2032 with a compound annual growth rate (CAGR) of roughly 21.84% between 2024 and 2032.
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The report provides a global and regional analysis and forecast of the cannabis-infused cosmetic products market. Historical data from 2018 to 2022 and a revenue forecast from 2024 to 2032 (in USD billion) are presented in the study. The research encompasses the drivers and restraints of the cannabis-infused beauty products market, as well as the influence they have on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities in the cannabis-infused cosmetic products market.
We have incorporated a competitive landscape and an analysis of Porter’s five forces model for the cannabis infused beauty products market to provide the consumers of this report with a comprehensive understanding of the market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
The report offers a comprehensive analysis of the market share of the major participants in order to provide a more comprehensive understanding of the industry. Furthermore, the report addresses major strategic developments in the market, such as acquisitions and mergers, new product launches, agreements, partnerships, collaborations and joint ventures, research and development, and regional expansion of major participants on a global and regional scale.
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The Global Cannabis Infused Beauty Products Market is segmented based on product, application and region
Global Cannabis Infused Beauty Products Market: Product Segment Analysis
● Skin Care
● Hair Care
● Fragrances
● Personal Care
● Others
Global Cannabis Infused Beauty Products Market: Application Segment Analysis
● Lips
● Hair
●Face
● Others
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The Global Cannabis Infused Beauty Products market profiles key players such as:
● Sephora
● Ulta Beauty
● Estee Lauder
● e.l.f Beauty
● High Beauty
● Herb Essentials
● Milk
● Papa & Barkley
● Whoopi & Maya
● Nature Plus
● Talyoni Labs
Regional Analysis of the Cannabis-Infused Beauty Products Market
The historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa is included in the regional segment. North America and Europe dominate the market for cannabis-infused cosmetic products as a result of the legalization of the cannabis plant for recreational purposes. The Asia Pacific region is expected to experience the most rapid growth in the market for cannabis-infused cosmetic products in the future.
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