PUBLISHER: Inkwood Research | PRODUCT CODE: 1454762
PUBLISHER: Inkwood Research | PRODUCT CODE: 1454762
The United Kingdom CBD skincare market is anticipated to grow at a CAGR of 22.75% during the forecast period 2024-2032. Various factors promote the market growth, such as brands' investment in educating consumers about CBD benefits in skincare & beauty, the rise in CBD-infused product stocking by major retailers & beauty specialty stores, and progress in clarifying CBD's legal status across countries.
In the United Kingdom CBD skincare market, a substantive trend is emerging as brands strategically invest in educating consumers about the numerous benefits of integrating CBD into their skincare and beauty routines. This intentional effort aims to enhance consumer awareness, playing a crucial role in fostering a deeper understanding of the positive impacts that CBD can have on skin health. It significantly contributes to the overall growth and evolution of the CBD skincare market.
Simultaneously, a compelling development in the market domain is the increasing prevalence of CBD-infused products on the shelves of major retailers and beauty specialty stores across the United Kingdom. This surge in availability reflects a growing acceptance and demand for CBD-infused skincare options among UK consumers. The deliberate placement of these products in mainstream retail outlets signifies a shift in consumer preferences and underlines the expanding influence of the CBD skincare market within the United Kingdom.
However, amidst these positive trends, the market struggles with a considerable challenge related to the high costs associated with obtaining premium-quality CBD extracts. The meticulous sourcing of top-tier CBD extracts entails elevated production costs, resulting in higher price points for CBD skincare products. This financial constraint may hinder widespread consumer adoption, especially as affordability becomes crucial. However, the market persists in evolving, fueled by robust consumer demand and industry efforts to address pricing concerns, ensuring CBD skincare products remain accessible in the country.
Some of the major companies in the United Kingdom CBD skincare market include Swiss Organic Partners AG, Endoca BV, Kiehl's LLC, etc.