In the US, the market for CBD cosmetics is expected to almost double in 2021 alone

In our country, formulations of cosmetic preparations have been developed, in which not only cannabidiol or extracts of other non-drug cannabinoids are used, but also the leaves and inflorescences of technical hemp of therapeutic orientation, which have a huge therapeutic / health potential. Unfortunately, the current regulatory framework, on the one hand, does not allow the legal production of cosmetic preparations, which will include therapeutically active elements of the plant or their derivatives having at least even a trace amount of tetrahydrocannabinol, on the other hand, the dominance of foreign cosmetic products is observed on the market. includes synthetic cannabinoids.

An analysis of the market for body and hair care products by specialists from the American consulting company NielsenIQ suggests that sales of cosmetic products containing cannabidiol in 2021 may almost double compared to 2020 and reach the $ 600 million mark. rapid growth is due to an increase in the number of cosmetic products that will appear on store shelves this year, as a significant number of retailers are adopting the positive experience of the Sephora perfume and cosmetic store chain and the Ulta beauty salon chain, which actively sell CBD cosmetic products. which includes non-drug cannabinoids.

According to the experts of the American cosmetic market, in 2020 the volume of sales of preparations intended for skin and hair care, which contains cannabidiol, reached 18%, which amounted to about $ 340 million in retail sales.

Specialists of the consulting company “NielsenIQ” predict that the category of cosmetic products in the formulation of which includes non-drug cannabinoids (not related to pharmaceuticals, as well as products made from marijuana) will continue to increase their market share in the coming years and in 2021 will be about 20 % of total sales. In the event that the supply chain of cosmetic products in the formulation of drug-free cannabinoids is radically improved, as well as the regulatory support of this activity by the US Food and Drug Administration by 2025, this category of cosmetic products may exceed the volumes sales of $ 2 billion.

Commentary of the specialists of the Association "Ukrainian technical hemp"

In our country, formulations of cosmetic preparations have been developed, in which not only cannabidiol or extracts of other non-drug cannabinoids are used, but also the leaves and inflorescences of technical hemp of therapeutic orientation, which have a huge therapeutic / health potential. Unfortunately, the current regulatory framework, on the one hand, does not allow the legal production of cosmetic preparations, which will include therapeutically active elements of the plant or their derivatives having at least even a trace amount of tetrahydrocannabinol, on the other hand, the dominance of foreign cosmetic products is observed on the market. includes synthetic cannabinoids.