The study, called Consumer CBD Products: U.S. Market Analysis and Opportunities, took place in 2019 and provides forecasts to 2023. Kline indicates on its webpage that the study is a:
“A comprehensive qualitative analysis of consumer-use cannabidiol (CBD) health and beauty products, regulatory and legal status, currently available products, marketing channels, and outlook for CBD-based products. CBD is a key ingredient that can be found in everything from skin care products to pain relievers and dietary.”
Those who read the study will gain access to an overview of the dynamic market, and they will also be able to under existing and regulatory barriers in the market. Further, the study features consumer attitudes and perceptions about CBD products, information on claims being made about CBD products, and so much more.
Cosmetics Design conducted spoke with Naira Aslanian, a product manager at Kline Group, to gain insight on the study. According to the discussion, Kline forecasts CAGR growth of 75% from 2018 to 2023. For full information visit https://www.cosmeticsdesign.com/Article/2019/10/01/Kline-study-throws-light-on-the-huge-potential-of-CBD-beauty
Further, as for whether the brand sees CBD brands evolving into the future and whether there is more investment behind them, Aslanian stated:
“The CBD brands are expected to expand into different categories and those brands that were only in facial skin care, for example, will expand their product offerings into other categories such as body care, personal cleansing etc.”
All information is for general informational and educational purposes only. Nothing should be interpreted as legal or medical advice.