CBD beauty set to take over 15% of $167 billion skincare market: analyst via TheGrowthOp
Jefferies analyst Stephanie Wissink thinks that beauty products containing cannabis compound cannabidiol — or CBD — will generate up to $25 billion in revenue around the world over the next decade. That means a total of 15% of the $167 billion skincare market will be monopolized by cannabis-infused cosmetic products.
CBD products are already flooding the market , with items like food, beverages, topicals, pet treats and supplements seemingly turning up on every shelf, and major retailers such as Sephora jumping on the bandwagon. “From recent discussions with numerous CBD beauty brands, the pathway to market is improving ,” said Wissink.
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