What is CBD Lotion?
CBD is one of over 100 cannabinoids present in cannabis Sativa. CBD lotions are made by mixing a natural cream base with CBD. The end product helps relieve skin pain and irritation. A CBD lotion can be applied to the skin directly.
The cannabinoid produced by the cannabis plant interacts with our body’s endocannabinoid on the skin to smoothen, soften, and beautify the skin. The hemp extract also contains vitamin E and terpenes, which gives the lotion a sweet Aroma. They also contain fatty acids that help in keeping your skin hydrated and moisturized.
These unique benefits help in mitigating muscle pains and skin hydration. They are also an ideal measure for psoriasis and eczema. Most CBD lotions are made using water-based creams and aromatherapy-certified oils to bring about the healing properties of cannabis.
CBD Lotion, Market Size, Share, and Trend
CBD lotions are relatively new in the market. But many companies are developing particular ways of using the lotions to benefit people and pets. CBD-based skincare lotions are gaining much popularity, and the market is expanding rapidly. The global CBD skincare market stood at $633.6 million in 2018 and was estimated to reach $ 3484 million by 2026 with a CAGR of 24.80% at the forecast time. The main reason for this steady growth in cannabis skincare products is their numerous skin benefits, the fast-growing skincare market, and the rampant changes in regulations globally.
At least $147 million worth of CBD skin care products were sold in the US market in 2015. Most of these products were shipped from Canada. However, hemp-based lotions have increased due to multi-channel distribution by wholesale and private labels. There is also an effort to develop separate product lines for all CBD skin care products. Legalizing hemp and cannabis in Canada is expected to boost the CBD lotion market, and another cosmetic product is expected to grow further. Additionally, continuous effort from leading cosmetic companies is expected to boost the CBD lotions market.
In many countries, CBD lotions are regulated mainly due to the presence of THC content. Countries like Australia, France, and Germany do not have clear guidelines on CBD-infused skincare products, contributing to low sales. But CBD’s market is struggling in these countries and can be associated with the strict measures the medical cannabis industry faces from the authorities. This factor has made many CBD lotion-producing companies shy off from more inventions and productions.
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