A new report conducted by Research and Markets has found that the global market for CBD skincare products is worth over $1.3 billion.
Specifically the report estimates the market value to be $1.346 as of the end of 2020. It states that in recent years increasing disposable incomes and living standards have increased the focus of people on personal well-being which includes skincare regimes and CBD skincare products.
“People, especially youth people, are increasingly demanding new skincare products with innovative and natural ingredients”, notes the report. “As such, the demand for CBD skincare products is rapidly growing worldwide.”
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The study is being published in the journal Expert Review of Clinical Pharmacology and it was epublished online ahead of print by the U.S. National Library of Medicine. It was conducted by researchers at Imperial College London, Sapphire Medical Clinics, St. Georgia Hospital NHS Foundation Trust, Buckinghamshire, Kings College London Healthcare NHS Trust, South London & Maudsley NHS Foundation Trust, Dartford and Gravesham NHS Trust and Dudley Group of Hospitals NHS Trust.
Published by the International Journal of Molecular Sciences, the study was conducted by researchers at Tel Aviv University, Ariel University and the The Chaim Sheba Medical Center, all in Israel.




This makes the committee the 10th to do so, meaning the proposal has just four more committees to clear before it can receive a vote by the full House.


