United Kingdom Cbd Skincare Market Forecast 2024-2032
KEY FINDINGS
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.
MARKET INSIGHTS
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.
COMPETITIVE INSIGHTS
Some of the major companies in the United Kingdom CBD skincare market include Swiss Organic Partners AG, Endoca BV, Kiehl’s LLC, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors such as market share.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Scope Of Market
- 2.5. Major Market Findings
- 2.5.1. Integration Of Cbd In Mainstream Brands
- 2.5.2. Emphasis On Transparency And Third-party Testing
- 2.5.3. Emergence Of Nanoemulsion Technology In Product Formulations
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Brands Investment In Educating Consumers About Cbd Benefits In Skincare & Beauty
- 3.1.2. Rise In Cbd-infused Product Stocking By Major Retailers & Beauty Specialty Stores
- 3.1.3. Progress In Clarifying Cbd’s Legal Status Across Countries
- 3.2. Key Restraints
- 3.2.1. Consumer Misinformation And Lack Of Education
- 3.2.2. High-quality Cbd Extracts Can Be Expensive, Leading To Higher Product Prices
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.1.1. Cbd's Tie To Natural Ingredients Makes It Popular For Clean Beauty Seekers
- 4.1.2. Cbd Beauty Brands Partner With Celebrities And Influencers For Co-branded Products Or Promotions
- 4.1.3. Brands Experimenting With Delivery Methods Like Serums, Creams, And Masks To Provide Different Skincare Needs
- 4.2. Porter's Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.3.1. Growth Prospect Mapping For United Kingdom
- 4.4. Market Maturity Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Material Sourcing
- 4.5.2. Product Formulation And Manufacturing
- 4.5.3. Distribution And Logistics
- 4.5.4. Retails & Sales
- 4.5.5. End-user
- 4.6. Key Buying Criteria
- 4.6.1. Cost
- 4.6.2. Product Features
- 4.6.3. Availability
- 4.6.4. Brand Name
- 5. Market By Source
- 5.1. Natural And Organic
- 5.1.1. Hemp-derived Cbd
- 5.1.2. Marijuana-derived Cbd
- 5.2. Synthetic
- 6. Market By User Demographic
- 6.1. Male
- 6.2. Female
- 7. Market By Product Type
- 7.1. Cbd Oil
- 7.2. Cream
- 7.3. Moisturizer And Lotions
- 7.4. Balm
- 7.4.1. Lip Balm
- 7.4.2. Eye Balm
- 7.5. Mask & Serum
- 7.6. Face & Body Cleanser
- 7.7. Soap
- 7.8. Other Product Types
- 8. Market By Price Range
- 8.1. Economic
- 8.2. Premium
- 9. Market By Packaging
- 9.1. Pump And Dispensers
- 9.2. Tube
- 9.3. Jar/Bottle
- 9.4. Stick
- 9.5. Other Packaging
- 10. Market By Distribution Channel
- 10.1. Supermarket/Hypermarket
- 10.2. Specialty Store
- 10.3. Pharmaceutical Store
- 10.4. Departmental Store
- 10.5. Online Retail
- 10.6. Other Distribution Channels
- 11. Competitive Landscape
- 11.1. Key Strategic Developments
- 11.1.1. Mergers & Acquisitions
- 11.1.2. Product Launches & Developments
- 11.1.3. Partnerships & Agreements
- 11.1.4. Business Expansions & Divestitures
- 11.2. Company Profiles
- 11.2.1. Cannuka Llc
- 11.2.1.1. Company Overview
- 11.2.1.2. Product List
- 11.2.2. Isodiol International Inc
- 11.2.2.1. Company Overview
- 11.2.2.2. Product List
- 11.2.3. Kiehl's Llc
- 11.2.3.1. Company Overview
- 11.2.3.2. Product List
- 11.2.4. Endoca Bv
- 11.2.4.1. Company Overview
- 11.2.4.2. Product List
- 11.2.5. Swiss Organic Partners Ag
- 11.2.5.1. Company Overview
- 11.2.5.2. Product List
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