Cannabis in latest asian beauty trends
Cannabis has been recognized and approved by several countries. Several states in the US have legalized the use of marijuana for recreational purposes. In the pharmaceutical industry, oil extracted from this plant has been applied in treatment, it is an important component of pharmaceuticals. Nowadays, it is also an useful ingredient in infused beauty and wellness products.
Beauty products made from cannabidiol (CBD) are expected to reach about $25 billion by 2029 / Ph: Ology Essentials
CBD beauty trends in Asia
In fact, Beauty products made from cannabidiol (CBD) are expected to reach about $ 25 billion by 2029.
According to investment bank – Jefferies, You can smoke it, eat it, and now you can smear it on your face. Beauty products made from marijuana have blossomed as a new lucrative sector within the skincare and cosmetics industry, with the global value of this market set to hit US$25 billion that accounts for 15 percent of the total global beauty market, in the next 10 years.
In fact, cannabis is still illegal throughout Asia. However, as we all know, Asian beauty movements like K-beauty and J-beauty are at the forefront of global skin care. So it’s not uncommon to say that countries like China, South Korea and Japan embrace the future trend of CBD beauty just a matter of time.
A good example, cannabis has been illegal in China since 1985. However, they own the largest manufacturer in the world. The Chinese hemp market is valued at $1.1 billion in 2017 and is expected to increase to $1.5 billion next year (according to a report published by cannabis consulting firm Prohibition Partners).
In China, CBD beauty products (cannabis beauty products) are technically legal, as long as they are licensed by the government. They are completely legal in Japan and recently they have been legalized in Korea and Thailand (for medical use).
There is no denying that CBD infused beauty and wellness products are more and more popular.
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