3 – CBD cosmetics: Japan will be the 'single largest market' in Asia for the next decade
Early this year, Swiss-British company AP Organics had its sights on Japan's cosmetics market for growth outside of Europe, as the firm believed it held great prospects for its CBD ingredients and services.
The company supplies hemp and cannabinoid (CBD) materials to manufacturers across multiple sectors, including cosmetics. It also operates as an OEM manufacturer for companies that do not have the infrastructure to produce CBD products themselves.
In entered the Japanese market in 2019, dealing mainly with players in the vape industry.
However, it was hoping to break into Japan’s cosmetics industry, where managing director Gavin Ogilvie saw the most potential for CBD because of the clear regulations in place.
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