Latin America CBD Skin Care Market 2019-2028 Projected to Grow With a CAGR of 21 11% - ResearchAndMarkets com morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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The CBD skincare market in Latin America has been projected to depict growth in terms of revenue and expand with a CAGR of 21.11% during the forecast years 2019-2028, according to this report. Brazil, Mexico, and Rest of Latin America together shape the market in this region.
April 2019 saw the life sciences organization Khiron team up with US-based Dixie brands for a venture to expand the CBD cosmetic category in Latin America. This joint venture is expected dot help Dixie tap into Khiron s fast-growing distribution network throughout the Latin American market. There are 620 million consumers in the region, which also include a fast-evolving middle-class population with enhanced spending power.
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FELTON, Calif., Jan. 19, 2021 /PRNewswire/ The global CBD skin care market is expected to reach USD 1.7 billion by 2025, according to Million Insights, registering a 32.9% CAGR over the forecast period, from 2019 to 2025. Increasing awareness related to the healing properties of CBD infused beauty products is majorly driving the market growth.
The CBD infused beauty products can be used for all types of skin, as it is very effective and safe. The people who are facing acne, dryness, inflammation, and sensitivity problems will greatly benefit from these products as CBD based beauty products help to heal the breakouts and eczema flare-ups. This product has an anti-oxidant property which helps to reduce the pain of inflammatory skin and also helps to prevent aging signs problems.
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This report has determined the CBD skin care market in Europe to proliferate at a compound annual growth rate of 21.47% during the forecast period 2019-2028.
The United Kingdom, France, Germany, Spain, Russia, Italy, and Rest of Europe together shape the market in this region.
The use of medical cannabis has been legalized in France since 2013. The country is reported to have the cannabis consumption rate in all of Europe. Among the total 67 million people residents in France, 800,000 identify themselves as regular users of cannabis, and 17 million as experimenters.
Considering skincare products, the French people are more vigilant about what they consume and how they consume it. Adhering to the usage of natural products is predicted to be an underlying trend in the beauty and personal care market in the years to come. Thus, it can be seen that there is a high demand for CBD products in the country. All these factors are shaping the growth of
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ResearchAndMarkets.com s offering.
This report has determined the CBD skin care market in Europe to proliferate at a compound annual growth rate of 21.47% during the forecast period 2019-2028. The United Kingdom, France, Germany, Spain, Russia, Italy, and Rest of Europe together shape the market in this region.
The use of medical cannabis has been legalized in France since 2013. The country is reported to have the cannabis consumption rate in all of Europe. Among the total 67 million people residents in France, 800,000 identify themselves as regular users of cannabis, and 17 million as experimenters.
Considering skincare products, the French people are more vigilant about what they consume and how they consume it. Adhering to the usage of natural products is predicted to be an underlying trend in the beauty and personal care market in the years to come. Thus, it can be seen that there is a high demand for CBD products in the country. All th