Cannabis Infused Beauty Products Market Demand, Size, Share & Forecast 2032

Cannabis Infused Beauty Products Industry Perspective:

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 covers a forecast and an analysis of the cannabis infused beauty products market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints of the cannabis infused beauty products market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cannabis infused beauty products market on a global level.

In order to give the users of this report a comprehensive view of the cannabis infused beauty products market, we have included a competitive landscape and an analysis of Porter's five forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis

Cannabis Infused Beauty Products Market: Growth Factors

The cannabis infused beauty products market is expected to witness major growth over the forecast time period, owing to the rising awareness of consumers regarding the health benefits of using these products. The chemicals used in common beauty products do not suit every skin type and many people face several side-effects. Cannabis infused beauty products, on the other hand, are skin-friendly in nature. This is mainly due to the similarity between cannabis oil and natural oil that is produced by the human skin. Hence, the cannabis oil makes up for an effective moisturizer and is perfect for treating dehydrated and dry skin.

The human skin has native receptors for cannabinoids, which allows the extracts to be fully absorbed by the skin that makes its usage more effective. Cannabis infused beauty products related to skincare, haircare, and oral care are now readily available, but are mostly being sold online on e-commerce websites. The easy availability of these beauty products on e-commerce websites is the major factor driving the cannabis infused beauty products market.

However, the major restraint for the cannabis infused beauty products market is the stringent government regulations. The cultivation of cannabis plant is prohibited in most countries globally due to varied reasons, as it is essentially a drug. But, the scientific research conducted in the last few years’ has proven the medicinal benefits of cannabis, and therefore, many countries like Canada and some states of the U.S. have legalized the use of this plant.

The CBD in cannabis plant causes a miraculous effect on the skin. Moreover, CBD has anti-oxidant and anti-inflammatory properties that make it perfect for acne and other skin inflammatory conditions. Technological advancements in the future along with the growing demand for niche products are expected to provide lucrative growth opportunities in the cannabis infused beauty products market in the upcoming years.

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Cannabis Infused Beauty Products Market: Segmentation

The study provides a decisive view of the cannabis infused beauty products market by segmenting it based on product, form, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The product segment is divided into personal care, skin care, fragrances, hair care, and others.

The form segment includes cream, oil, lotion, and others.

The application segment is divided into hair, face, lips, and others.

The distribution channel segment is divided into online and offline.

Cannabis Infused Beauty Products Market: Report Scope

Cannabis Infused Beauty Products Market: Regional Insights

North America and Europe are the largest regions for cannabis infused beauty products market, owing to the legalization of the cannabis plant for recreational purposes. The Asia Pacific region is likely to be the fastest-growing cannabis infused beauty products market in the future.

The regional segment includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. Due to the legalization of the cannabis plant for recreational use, North America and Europe account for the highest share of the market for cannabis-infused cosmetic products. In the future, the market for cannabis-infused beauty products is probably going to increase at the quickest rate in the Asia Pacific area.

Cannabis Infused Beauty Products Market: Competitive Analysis

The global cannabis infused beauty products market is dominated by players like:

• Sephora
• Ulta Beauty
• Estee Lauder
• e.l.f Beauty
• High Beauty
• Herb Essentials
• Milk
• Papa & Barkley
• Whoopi & Maya
• Nature Plus
• Talyoni Labs

This report segments the global cannabis infused beauty products market into:

By Product Analysis

• Skin Care
• Hair Care
• Fragrances
• Personal Care
• Others

By Form Analysis

• Oil
• Cream
• Lotion
• Others

By Application Analysis

• Lips
• Hair
• Face
• Others

By Distribution Channel Analysis

• Online
• Offline

By Regional Analysis

• North America

  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa