Cannabis Cosmetics Market Growth Accelerates: Strategic Forecast Predicts $22.06 Billion by 2029

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What Will the Cannabis Cosmetics Industry Market Size Be by 2025?
The size of the cannabis cosmetics market has seen substantial growth lately. The market, which will increase from $5.48 billion in 2024 to $7.24 billion in 2025, will have a compound annual growth rate (CAGR) of 32.0%. Factors contributing to the growth in this historic period include a greater acceptance of cannabis in beauty products, a surge in e-commerce sales, more approvals from legal and regulatory bodies, rising popularity of hemp, and improved effectiveness in product formulation.

What's the Long-Term Growth Forecast for the Cannabis Cosmetics Market Size Through 2029?
The size of the cannabis cosmetics market is poised to experience substantial expansion in the coming years, with forecasts predicting it will reach $22.06 billion by 2029, marking a compound annual growth rate (CAGR) of 32.1%. The anticipated growth during this period can be credited to the increased consumer appetite for natural merchandise, the burgeoning acceptance of eco-conscious products, swelling demand for wellness items, a heightened focus on skin health, and a burgeoning preference for comprehensive beauty care. Key predictions for this forecast period comprise the incorporation of environmentally-friendly practices, advancements in technology, innovation in product styles, progress in methods of extraction, and developments pertaining to less common cannabinoids.

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What Are the Key Growth Drivers Fueling the Cannabis Cosmetics Market Expansion?
The burgeoning fascination with natural and organic goods is forecasted to fuel the expansion of the cannabis cosmetics market. Natural and organic products are those made from naturally derived ingredients, devoid of artificial chemicals, pesticides, or genetically engineered organisms (GMOs), advocating health and sustainability. Increasing consumer cognizance about health benefits, environmental conservation, and the yearning for products lacking harmful additives and chemicals has prompted a transition towards more environmentally friendly and clean-labeled alternatives in multiple markets, notably in beauty, skincare, and food sectors. Cannabis cosmetics enhance the allure of organic products by featuring natural, botanic ingredients that are in sync with the escalating consumer predilection for environmentally friendly, chemical-free substitutes in their beauty and skincare regimes. For example, in March 2022, the British Beauty Council, a non-profit organization based in the UK, announced that 56,000 organic ingredients and products received the COSMOS certification, indicating a 22% uptick from the previous year. Hence, the surging interest in natural and organic products is spurring the development of the cannabis cosmetics market.

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What Are the Key Trends Driving Cannabis Cosmetics Market Growth?
Leading companies in the cannabis cosmetics market are concentrating on the creation of novel products, such as C(BD topical body care items, in response to the increased demand for organic skincare solutions. C*BD topical body care products are skincare products interspersed with (C*BD) specially created for direct application to the skin, with potential benefits like inflammation reduction, pain relief, and skin health enhancement. For example, NOW Health Group Inc., a US-based manufacturer and distributor of natural health products, introduced a broad assortment of health and wellness products including C*BD Joint and Muscle Cream, C*BD Balm, and C*BD Massage Oil in June 2024. These topicals, made with broad-spectrum hemp extract, provide anti-inflammatory and soothing benefits without the mind-altering effects of . The products are engineered to relieve pain, moisturize the skin, and encourage relaxation. Aimed at health-aware consumers, they provide muscle relief, skin hydration, and stress reduction.

How Is the Cannabis Cosmetics Market Segmented?
The cannabis cosmeticsmarket covered in this report is segmented -

1) By Product Type: Skincare, Haircare, Makeup, Fragrances, Others Product Types
2) By Ingredient Type: , 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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Which Companies Are Leading the Charge in Cannabis Cosmetics Market Innovation?
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, C*BD for Life LLC, Mary's Nutritionals Inc., Cannuka LLC, High Beauty Inc., MGC Derma Ltd., Lord Jones LLC, SWOPA, The C*BD Skincare Company

Which Regions Are Leading the Global Cannabis Cosmetics Market in Revenue?
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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