Market By Source, Application, Distribution Channel, And Country | Forecast 2019-2028
A Triton Market Research report states that the Asia-Pacific CBD skin care market is expected to grow in terms of revenue with a CAGR of 21.77% during the forecast period 2019 to 2028.
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The countries studied in this market include:
• China
• Japan
• India
• South Korea
• ASEAN countries
• Australia & New Zealand
• Rest of APAC countries
Cannabis studies have been conducted widely in China, since ages, to learn about its medicinal properties. Research on Chinese medicine indicates that all parts of the cannabis plants have been used in medicines in the country. Earlier this year, in January, Zhenshiming (ZSM), a brand dealing with eye care products, launched two new CBD skincare products in the country. One of these products is an eye essence, and the other an eye mask, made from hemp leaf extracts.
Further, in 2017, a subsidiary of Hanma Investment Group, HYBT, launched a hemp-based skin care brand named Cannaclear. Shortly after, Shanghai CBD Biotechnology launched skincare products with contain hemp leaf extract and seed oil as their main constituents. These products, ranging from creams and serums to face and eye masks, claiming to have antioxidant, anti-aging/wrinkle, and moisturizing properties. Cannabidiol is known to provide relief in common skin-related issues. All these developments indicate a positive growth for the Chinese CBD skin care market in the years to come.
CBD oil is legal according to laws in Japan. CBD products in the country are mainly imported, used mostly for cosmetics, health products or food, dietary supplements, pet snacks, and CBD electronic cigarettes, among others. February 2020 saw Hiro International launch a THC-free CBD oil product, called Orange CBD, as an alternative to hemp-based cannabidiol. Thus, it can be seen that there is an increased demand for CBD skincare products in Japan.
Elixinol Global Limited is engaged in manufacturing and distributing industrial hemp-based skincare products and dietary supplements. It distributes hemp-derived CBD products in several regions of the world. The company has its organic hemp-derived skincare product range under the SATIVATM brand name. Elixinol Global is based in Sydney, Australia.
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VIEW REPORT1. ASIA-PACIFIC CBD SKIN CARE MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. SHIFT TOWARD CBD-INFUSED SKINCARE PRODUCTS
2.2.2. DEMAND FOR ORGANIC PERSONAL CARE PRODUCTS
2.2.3. ONLINE SALES OF CBD SKINCARE PRODUCTS
2.3. IMPACT OF COVID-19 ON CBD SKIN CARE INDUSTRY
2.4. PORTER’S FIVE FORCES ANALYSIS
2.4.1. THREAT OF NEW ENTRANTS
2.4.2. THREAT OF SUBSTITUTE
2.4.3. BARGAINING POWER OF BUYERS
2.4.4. BARGAINING POWER OF SUPPLIERS
2.4.5. THREAT OF COMPETITIVE RIVALRY
2.5. MARKET ATTRACTIVENESS INDEX
2.6. INDUSTRY COMPONENTS
2.7. MARKET DRIVERS
2.7.1. HOLISTIC BENEFITS OF CBD-INFUSED SKINCARE PRODUCTS
2.7.2. GROWING USAGE OF CANNABIS FOR MEDICAL AND RECREATIONAL PURPOSES
2.8. MARKET RESTRAINTS
2.8.1. RISK OF BACTERIAL CONTAMINATION
2.9. MARKET OPPORTUNITIES
2.9.1. INCREASING HEALTH AWARENESS
2.9.2. PERSONALIZED SKIN CARE PRODUCTS
2.10. MARKET CHALLENGES
2.10.1. CONSTANT PRESSURE FROM REGULATORY BODIES
3. ASIA-PACIFIC CBD SKIN CARE MARKET OUTLOOK - BY SOURCE
3.1. HEMP
3.2. MARIJUANA
4. ASIA-PACIFIC CBD SKIN CARE MARKET OUTLOOK - BY APPLICATION
4.1. OILS
4.2. LOTION & CREAMS
4.3. MASKS & SERUMS
4.4. BATH & SOAPS
4.5. OTHER APPLICATIONS
5. ASIA-PACIFIC CBD SKIN CARE MARKET OUTLOOK - BY DISTRIBUTION CHANNELS
5.1. SUPERMARKETS/HYPERMARKETS
5.2. RETAIL PHARMACIES
5.3. DEPARTMENTAL STORES
5.4. E-COMMERCE
5.5. OTHER DISTRIBUTION CHANNELS
6. ASIA-PACIFIC CBD SKIN CARE MARKET – REGIONAL OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH KOREA
6.5. ASEAN COUNTRIES
6.6. AUSTRALIA & NEW ZEALAND
6.7. REST OF ASIA-PACIFIC
7. COMPETITIVE LANDSCAPE
7.1. CANNUKA LLC
7.2. CRONOS GROUP INC
7.3. ELIXINOL LIMITED
7.4. ENDOCA BV
7.5. FAB CBD
7.6. ISODIOL INTERNATIONAL INC
7.7. JOY ORGANICS
7.8. KAPU MAKU LLC (POPULUM)
7.9. KHIRON LIFE SCIENCES CORP
7.10. KIEHL'S LLC (ACQUIRED BY L'OREAL)
7.11. LEEF ORGANICS LTD
7.12. MEDICAL MARIJUANA INC
7.13. THE CBD SKINCARE COMPANY
7.14. VERTLYBALM
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE 1: ASIA-PACIFIC CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: ASIA-PACIFIC CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: ASIA-PACIFIC CBD SKIN CARE MARKET, BY HEMP, 2019-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC CBD SKIN CARE MARKET, BY MARIJUANA, 2019-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC CBD SKIN CARE MARKET, BY OILS, 2019-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC CBD SKIN CARE MARKET, BY LOTION & CREAMS, 2019-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC CBD SKIN CARE MARKET, BY MASKS & SERUMS, 2019-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC CBD SKIN CARE MARKET, BY BATH & SOAPS, 2019-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC CBD SKIN CARE MARKET, BY OTHER APPLICATIONS, 2019-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC CBD SKIN CARE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2019-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC CBD SKIN CARE MARKET, BY RETAIL PHARMACIES, 2019-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC CBD SKIN CARE MARKET, BY DEPARTMENTAL STORES, 2019-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC CBD SKIN CARE MARKET, BY E-COMMERCE, 2019-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC CBD SKIN CARE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 16: CHINA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 17: JAPAN CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 18: INDIA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 19: SOUTH KOREA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 20: ASEAN COUNTRIES CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 21: AUSTRALIA & NEW ZEALAND CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 22: REST OF ASIA-PACIFIC CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)