Market By Source, Application, Distribution, And Country | Forecast 2019-2028
According to Triton, the CBD skin care market in Latin America is expected to proliferate with a CAGR of 21.11% in the forecast period of 2019-2028.
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The countries evaluated in the report on this market are:
• Brazil
• Mexico
• Rest of Latin America countries
Brazil is the fifth-largest cosmetics market in the world, and is known to be one of the leaders in beauty and personal care products. In April 2019, Allume Cosmeticos, with leading cosmetics and personal care products manufacturer based in the country, partnered with The Greater Cannabis Company. According to the agreement, the latter will provide customized formulations and include its delivery system for pharma-grade CBD into Allume’s new line of CBD-based cosmetics. This move by the two companies is expected to expand into the CBD products market in the LA region. This shows that there is an increased demand for CBD skincare products in the country, which will boost the growth of the Brazilian market in the forthcoming period.
In January 2019, a Canada-based company Aurora Cannabis acquired Farmacias Magistrales, and entered the Mexican market. Presently, Farmacias Magistrales is the only business in the country that has a license to import cannabis materials with less than 1% THC. It is also licensed to produce CBD-containing cosmetics in Mexico. Further, in May 2019, the Canada-based Blueberries Medical Corp. was given approval by regulators in Colombia to sell its line of CBD-derived skincare products across the nation. Thus, there has been a substantial rise in demand for CBD-based skincare products in the country. This is driving the growth of the studied market in Mexico in the projected period.
Leef Organics Ltd is a specialized manufacturer of CBD products. The company’s products consist of Thrival Tincture, Revive Balm, CBD skin oil, Crannies Soap, and other skincare products. Its products are available to the public across retail stores and online distribution channels in Hawaiian Islands.
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VIEW REPORT1. LATIN AMERICA CBD SKIN CARE MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. DEMAND FOR ORGANIC PERSONAL CARE PRODUCTS
2.2.2. SHIFT TOWARD CBD-INFUSED SKINCARE 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 SKINCARE PRODUCTS
2.10. MARKET CHALLENGES
2.10.1. CONSTANT PRESSURE FROM REGULATORY BODIES
3. LATIN AMERICA CBD SKIN CARE MARKET OUTLOOK - BY SOURCE
3.1. HEMP
3.2. MARIJUANA
4. LATIN AMERICA 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. LATIN AMERICA 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. LATIN AMERICA CBD SKIN CARE MARKET – REGIONAL OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST OF LATIN AMERICA
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: LATIN AMERICA CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: LATIN AMERICA CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 3: LATIN AMERICA CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: LATIN AMERICA CBD SKIN CARE MARKET, BY HEMP, 2019-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA CBD SKIN CARE MARKET, BY MARIJUANA, 2019-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA CBD SKIN CARE MARKET, BY OILS, 2019-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA CBD SKIN CARE MARKET, BY LOTION & CREAMS, 2019-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA CBD SKIN CARE MARKET, BY MASKS & SERUMS, 2019-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA CBD SKIN CARE MARKET, BY BATH & SOAPS, 2019-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA CBD SKIN CARE MARKET, BY OTHER APPLICATIONS, 2019-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA CBD SKIN CARE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2019-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA CBD SKIN CARE MARKET, BY RETAIL PHARMACIES, 2019-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA CBD SKIN CARE MARKET, BY DEPARTMENTAL STORES, 2019-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA CBD SKIN CARE MARKET, BY E-COMMERCE, 2019-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA CBD SKIN CARE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 16: BRAZIL CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 17: MEXICO CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 18: REST OF LATIN AMERICA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)