Global Cannabis Cosmetics Market Size to Exceed USD 58.99 Billion by 2035 | CAGR of 24.09%
Category: Chemicals & MaterialsGlobal Cannabis Cosmetics Market Size to Exceed USD 58.99 Billion by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Cannabis Cosmetics Market Size is expected to Grow from USD 5.49 Billion in 2024 to USD 58.99 Billion by 2035, at a CAGR of 24.09% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Cannabis Cosmetics Market Size, Share, and COVID-19 Impact Analysis, By Product (Makeup & Haircare, Skincare, Fragrances, and Others), By Source (Marijuana and Hemp), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cannabis-cosmetics-market
Cannabis cosmetics are cosmetics or personal care items that contain components from the cannabis plant, such as CBD, hemp seed oil, or extracts, which are used for their anti inflammatory, anti irritating, moisturizing, effects on the skin and hair. A growing subset of the worldwide cosmetics and personal care market is the cannabis cosmetics sector. It focuses on personal care items that contain compounds derived from cannabis. Tetrahydrocannabinol, cannabidiol, and hemp seed oil are the most often found components of cannabis plants utilized in cosmetic products. The component of choice for a number of important players is cannabidiol. Cosmetics containing cannabis based compounds are known to offer many advantages. For example, CBD has anti oxidant and moisturizing qualities. Furthermore, it is recognized to give the items anti aging and anti sebum properties. Despite strict regulations, the market for cannabis cosmetics is expanding steadily. For example, several nations permit the use of CBD as a component in cosmetic items. However, the presence of tetrahydrocannabinol in products is strictly regulated because THC is regarded as a pollutant. Also, the cannabis cosmetics' supply chain & raw material challenges are likely going to restrict market expansion.
The makeup & haircare segment dominated the market in 2024 with 46% and is projected to grow at a substantial CAGR during the forecast period.
Based on the product, the cannabis cosmetics market is divided into makeup & haircare, skincare, fragrances, and others. Among these, the makeup & haircare segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segment's development is stimulated because customers are looking for multipurpose beauty products that combine health advantages, such as conditioning, scalp care, and natural substances like hemp and CBD, with aesthetic appeal like color and styling. Demand is also driven by social media trends, simplicity of formulation into current makeup forms, and rising awareness of problems with the hair and scalp.
The hemp segment accounted for the largest share in 2024 with 56% and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the source, the cannabis cosmetics market is divided into marijuana and hemp. Among these, the hemp segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's increase is prompted as hemp is a great remedy for many skin conditions since it is abundant in vitamins, antioxidants, and vital fatty acids, which have a major moisturizing and anti inflammatory effect. These organic qualities complement the rising demand for plant based and sustainable wellness products among consumers.
North America is expected to hold the majority share with 42% of the global cannabis cosmetics market during the forecast period.
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North America is expected to hold the majority share with 42% of the global cannabis cosmetics market during the forecast period. The cannabis cosmetics market is encouraged by the robust support for legalization in the US and Canada, as well as growing customer interest in natural, anti inflammatory skincare products. It is anticipated that the U.S. market alone will experience strong growth. Favorable legislative frameworks that promote innovation and investment, such as the FDA's explicit regulations for cosmetics made from hemp, further reinforce this supremacy. Furthermore, domestic hemp growing has been made easier by the U.S. Department of Agriculture's hemp licensing program, which guarantees dependable supply chains for cosmetics producers.
Asia Pacific is anticipated to grow at the fastest pace, with 16% in the global cannabis cosmetics market during the forecast period. The cannabis cosmetics market in the Asia Pacific is bolstered by growing knowledge of the potential health advantages of CBD and the legality and acceptance of hemp based goods. The growth of ecommerce platforms has enabled manufacturers to respond by creating a wide variety of CBD infused products, including candies, topicals, and beverages, increasing market reach and boosting sales.
The European region for the cannabis cosmetics market is growing due to consumer desire for wellness focused and natural beauty products, particularly those with anti inflammatory and antioxidant qualities, which is driving a considerable expansion.
Major vendors in the global cannabis cosmetics market are Hempz, Lord Jones, High Beauty, Milk Makeup, Cannuka, Saint Jane Beauty, Josie Maran, Leef Organics, CBD for Life, Herb Essntls, The Body Shop, Kush Queen, MGC Derma, Vertly, Kiehl's, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
In June 2024, Galyna launched a new cannabinoid skincare line in mid-2024. Their debut included three products formulated with a patent pending molecule to stabilize and improve absorption of cannabinoids into the skin.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the cannabis cosmetics market based on the below-mentioned segments:
Global Cannabis Cosmetics Market, By Product
- Makeup & Haircare
- Skincare, Fragrances
- Others
Global Cannabis Cosmetics Market, By Source
- Marijuana
- Hemp
Global Cannabis Cosmetics Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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