Industrial Hemp in Cosmetics Market, Global Outlook and Forecast 2025-2032
Industrial hemp in cosmetics refers to the use of Cannabis sativa varieties with low THC content (<0.35%) in cosmetic products.
Market Size
The global Industrial Hemp in Cosmetics market was valued at USD 77 million in 2023 and is expected to reach USD 104.03 million by 2032, with a CAGR of 3.40%. North America's market size was estimated at USD 21.25 million in 2023.
Market Dynamics
Drivers
1. Growing consumer awareness about natural ingredients in cosmetics leading to increased demand.
2. Regulatory support for the use of hemp-derived ingredients in cosmetic products.
3. Rising trend of organic and sustainable beauty products driving market growth.
Restraints
1. Limited availability of industrial hemp leading to supply chain challenges.
2. Regulatory restrictions in some regions impacting market penetration.
3. Potential quality control issues in sourcing high-quality hemp for cosmetic applications.
Opportunities
1. Expansion of product portfolio with innovative hemp-based cosmetic formulations.
2. Increasing focus on CBD-infused beauty products creating new growth avenues.
3. Emerging markets in Asia-Pacific presenting untapped opportunities for market players.
Challenges
1. Price volatility in hemp supply chain impacting product pricing and margins.
2. Competition from synthetic and traditional cosmetic ingredients affecting market share.
3. Regulatory ambiguity in defining THC limits for hemp in cosmetics creating uncertainty.
Regional Analysis
Competitor Analysis
Global Industrial Hemp in Cosmetics Market Analysis
Market Segmentation (by Application)
Market Segmentation (by Type)
Key Company
Geographic Segmentation
FAQ
Q1.What is the current market size of Industrial Hemp in Cosmetics Market?
The global Industrial Hemp in Cosmetics market size was estimated at USD 77 million in 2023 and is projected to reach USD 104.03 million by 2032, with a CAGR of 3.40%.
Q2.Which key companies operate in the Industrial Hemp in Cosmetics Market?
HempFlax, Biobloom Hemp, Deep Nature Project, Elixinol, HemPoland, Yunnan Industrial Hemp, and HMI Group are some of the major players in the market.
Q3.What are the key growth drivers in the Industrial Hemp in Cosmetics Market?
The growth of the market is driven by factors such as increasing demand for natural and organic skincare products, rising awareness about the benefits of industrial hemp in cosmetics, and expanding product portfolios.
Q4.Which regions dominate the Industrial Hemp in Cosmetics Market?
The market is dominated by regions like North America, Europe, and Asia-Pacific, with significant demand for industrial hemp in cosmetics products.
Q5.What are the emerging trends in the Industrial Hemp in Cosmetics Market?
Some emerging trends include the use of hemp seed oil in skincare products, innovation in hemp-based formulations, and the introduction of hemp-infused beauty products.
Table of Content:
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Industrial Hemp in Cosmetics
1.2 Key Market Segments
1.2.1 Industrial Hemp in Cosmetics Segment by Type
1.2.2 Industrial Hemp in Cosmetics Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Industrial Hemp in Cosmetics Market Overview
2.1 Global Market Overview
2.1.1 Global Industrial Hemp in Cosmetics Market Size (M USD) Estimates and Forecasts (2019-2032)
2.1.2 Global Industrial Hemp in Cosmetics Sales Estimates and Forecasts (2019-2032)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Industrial Hemp in Cosmetics Market Competitive Landscape
3.1 Global Industrial Hemp in Cosmetics Sales by Manufacturers (2019-2025)
3.2 Global Industrial Hemp in Cosmetics Revenue Market Share by Manufacturers (2019-2025)
3.3 Industrial Hemp in Cosmetics Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Industrial Hemp in Cosmetics Average Price by Manufacturers (2019-2025)
3.5 Manufacturers Industrial Hemp in Cosmetics Sales Sites, Area Served, Product Type
3.6 Industrial Hemp in Cosmetics Market Competitive Situation and Trends
3.6.1 Industrial Hemp in Cosmetics Market Concentration Rate
3.6.2 Global 5 and 10 Largest Industrial Hemp in Cosmetics Players Market Share by Revenue
3.6.
CONTACT US:
203A, City Vista, Fountain Road, Kharadi, Pune, India - 411014
International: +1(332) 2424 294
Asia: +91 9169162030
Follow Us On LinkedIn: 24ChemicalResearch LinkedIn