Whether it’s your favorite cocktails, chocolates, candles, or clothing, CBD is basically everywhere and in everything, you can probably think of. And now the controversial component is taking over the world of skincare and beauty products. From facial serums and sunscreen to cleansers and creams, there is a range of hemp.
Skincare products made from the marijuana plants have flourished as a profitable new sector within the skincare and cosmetics industry. According to investment bank Jefferies, the global value of this market set to hit US$25 billion – 15 percent of the total global beauty market – in the next 10 years.
The Market Watch Report recently stated that the global CBD cosmetics market is projected to be valued at over $580 million, with North America taking the lead. And by 2025, it’s expected to hit $1.7 billion, as predicted by Grand View Research. We can say, the CBD trend will be staying for quite some time.
Next Step to Your Beauty Routine: WEED!
Skincare companies like the Body Shop, NYX Cosmetics, Kiehl’s, and Origins are releasing products infused with cannabis. High-end retailers Sephora, Neiman Marcus, and Barneys are also into the cannabis beauty game.
So it’s no surprise that the next big beauty trend in the Asia region is cannabis-infused cosmetics, as noted by South China Morning Post (SCMP). While cannabis is generally banned throughout the continent, cannabis and CBD became part of a thorough skincare routine in countries like South Korea (which globally-popular K-beauty skincare movement started) and China (one of the world’s biggest markets for cosmetic products). CBD products are legal in Japan and China (with government permission) and legal for medical purposes in South Korea and Thailand.
China is not only one of the biggest skincare and makeup markets, it’s also the largest global producer of hemp. China has upheld international criteria with low THC content but also was keen on CBD. In fact, some regions of China have opened its doors to foreign companies to grow hectares of CBD-rich hemp.
According to Regent Pacific Group chief executive Jamie Gibson, the Chinese CBD market is valued to be worth about US$15 billion, and the beauty and wellness sector will be the main driver for this growth.
Korean and Japanese Beauty Trend
With the beauty industry only expanding, there are undeniably two beauty trends that are becoming popular. K-Beauty (Korean Beauty) and J-Beauty (Japanese Beauty) with their own aesthetic styles are getting popular worldwide. With the mass propagation of K-Pop (Korean pop music) and K-Drama (Korean drama television) across Asia, these beauty ideals will ultimately become the standard across and beyond Asia. K/J-Beauty distinguishes themselves with an emphasis on time-tested and traditional approaches to beauty. As CBD cosmetics are becoming a bigger part of the most powerful, influential, and leading beauty standards on the planet, there’s no second thought that the rest of the world would want to copy and try South Korean and Japanese CBD cosmetics for themselves.
Why is CBD good for your skin?
Ildi Pekar, an NYC-based aesthetician and founder of her own skincare line, explained that CBD is known for its healing qualities. It offers some serious antioxidant and anti-inflammatory benefits, which can be useful in treating skin problems like dryness, inflammation, and free radical damage. Although the research on CBD’s benefits is quite limited, it’s considered safe to use topically.
Photo grabbed from https://images.app.goo.gl/7Swc5NjWqe2DQQfP9