CBD Lotions and Creams Market Size is growing at CAGR of 9.4%, and this report covers analysis by Type, Application, Growth, and Forecast 2024 - 2031
The "CBD Lotions and Creams Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The CBD Lotions and Creams market is expected to grow annually by 9.4% (CAGR 2024 - 2031).
This entire report is of 119 pages.
CBD Lotions and Creams Introduction and its Market Analysis
The CBD lotions and creams market research report highlights the increasing demand for CBD-infused skincare products due to their potential health benefits. The target market includes consumers seeking natural remedies for skin conditions like acne, eczema, and inflammation. Major factors driving revenue growth include the rising popularity of CBD products, growing awareness of their therapeutic properties, and increasing investment in research and development. Companies like Joy Organics, CBDistillery, Lazarus Naturals, and others are leading players in the market, offering a wide range of CBD skincare products. The report's main findings suggest a promising future for the CBD lotions and creams market, with recommendations for companies to focus on product innovation and marketing strategies to capitalize on this growing trend.
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The CBD lotions and creams market is experiencing rapid growth, with a variety of products available including body lotions, face creams, and others. These products are being sold through online sales and offline retails segmentation.
Regulatory and legal factors specific to the market conditions include the need for strict quality control standards to ensure the safety and efficacy of CBD products. Additionally, there are regulations regarding the labeling and marketing of CBD products, with some countries and states having restrictions on the use of CBD in cosmetics.
Despite these challenges, the CBD lotions and creams market continues to expand as consumers become more aware of the potential benefits of CBD for skincare. With a combination of online and offline sales channels, companies are able to reach a wider audience and cater to the growing demand for CBD skincare products.
Top Featured Companies Dominating the Global CBD Lotions and Creams Market
The CBD lotions and creams market is highly competitive with various companies offering a wide range of products to cater to the growing demand for CBD-infused skincare solutions. Some of the key players in the market include Joy Organics, CBDistillery, Lazarus Naturals, Vertly, Envy, Imbue Botanicals, Saint Jane, SAGELY NATURALS, Lord Jones, Cannuka, ShiKai, and Medterra.
Joy Organics is known for its premium quality CBD products that are THC-free and made from organic ingredients. CBDistillery offers a range of CBD topicals that are formulated with high-quality CBD extract. Lazarus Naturals is a leading brand in the CBD industry and has a strong reputation for its affordable yet effective CBD products. Vertly is known for its luxurious CBD-infused skincare products, while Envy offers a variety of CBD creams and lotions for pain relief.
These companies use various marketing strategies such as social media promotions, influencer collaborations, and partnerships with retailers to reach a wider customer base and drive sales. By emphasizing the benefits of CBD for skincare and promoting the therapeutic properties of their products, these companies are helping to grow the CBD lotions and creams market.
In terms of sales revenue, some of the prominent companies in the CBD lotions and creams market include Joy Organics, with an estimated revenue of $10 million in 2020, CBDistillery with $15 million, and Lazarus Naturals with $20 million.
Overall, the increasing awareness about the benefits of CBD for skincare, coupled with the growing acceptance of CBD-infused products, is driving the growth of the CBD lotions and creams market. With innovative product offerings and effective marketing strategies, companies in this space are poised to capitalize on the expanding market opportunities.
- Joy Organics
- CBDistillery
- Lazarus Naturals
- Vertly
- Envy
- Imbue Botanicals
- Saint Jane
- SAGELY NATURALS
- Lord Jones
- Cannuka
- ShiKai
- Medterra
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CBD Lotions and Creams Market Analysis, by Type:
- Body Lotion
- Face Cream
- Others
CBD lotions and creams come in various types, such as body lotion, face cream, and others like hand cream or muscle relief cream. Body lotion is used to hydrate and nourish the skin, while face cream is designed for facial skincare needs. The different types cater to specific areas and concerns, consequently expanding the market appeal and demand for CBD lotions and creams. The versatility and effectiveness of these products in providing relief for various skin conditions, pain, and inflammation boost their popularity in the health and beauty industry.
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CBD Lotions and Creams Market Analysis, by Application:
- Online Sales
- Offline Retails
CBD lotions and creams are applied topically to relieve various skin conditions and reduce inflammation and pain. Online sales of CBD products have surged due to convenience and accessibility, while offline retailers provide a hands-on shopping experience. One of the fastest-growing application segments in terms of revenue is skincare, as more consumers are turning to CBD-infused products for their anti-inflammatory and anti-aging properties. These products are used by simply applying a small amount to the affected area and rubbing it in gently, allowing the CBD to be absorbed directly into the skin for targeted relief.
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CBD Lotions and Creams Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The CBD lotions and creams market is witnessing significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America, particularly the United States, is expected to dominate the market with a market share of around 35%. Europe, led by countries like Germany and France, is also poised for substantial growth, with an expected market share of 25%. Asia-Pacific, especially countries like China and Japan, is projected to experience rapid growth, capturing around 20% of the market share. Latin America and Middle East & Africa are also expected to contribute to the market growth.
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