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Saavy Naturals’ New Hemp Products Target ~$1 Billion Market

Ryan Allway

June 8th, 2017

News, Top News

The U.S. hemp industry surpassed $600 million last year and is poised to grow even larger as the benefits of hemp become even more apparent. At the same time, organic personal care products have captured a growing market share as consumers become increasingly aware of the problems associated with mass market products. These trends could lead to the increased adoption of all-natural hemp-based personal care products.

In this article, we will look at Trimax Corporation (OTC Pink: TMXN), dba Saavy Naturals Inc., its recent launch of hemp oil products, and long-term potential.

Growing Market for Hemp Oil

The U.S. hemp industry was worth about $688 million in 2016, according to Hemp Business Journal and Vote Hemp, including soaps, seeds, oils, protein powders, shampoos, cereals, and numerous other products. With over 30 states legalizing hemp farming, the U.S. has become the largest consumer market for hemp products worldwide, while researchers are only starting to realize the many potential benefits of the non-psychoactive plant.

“Hemp Business Journal estimates the total retail value of all hemp products sold in the U.S. to be at least $688 million for 2016″, said Sean Murphy, the Founder and Publisher of Hemp Business Journal. “We estimate the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five year CAGR and being led by food and body care products.”

Grand View Research estimates that the global market for organic personal care products reached $10.6 billion in 2015 and accounted for about 12% of global revenue for the industry. Improving standards of living and increased consumer awareness of harmful chemicals, such as phthalates, aluminum salts, and parabens, have led to increased consumption of organic personal care products and will continue to drive future growth.

New Product Launches

Saavy Naturals recently announced the launch of Saavy Naturals “Bay Rum & Hemp”, which is a natural extension to its current line of products, including body cream, bar soap, body scrub, shampoo, and conditioner. The new products became available for purchase online June 7, 2017 at www.saavynaturals.com. In addition, the company has released two introductory gift sets beginning on the same date targeting Father’s Day.

“We are excited to be adding this new line of hemp oil products to our brand,” said Chief Operating Officer Debra Saavedra. “Research clearly shows that the high content of amino acids and nutrients in hemp oil are extremely beneficial to the skin, and this aligns perfectly with our brand mission of using the most highly effective ingredients that are natural and food-grade quality. This new herbal blend is perfectly suited for men, yet women love it, too.”

Saavy Naturals produces a complete line of Natural Skin Care products, including body creams, body scrubs, body wash, shampoos, conditioners, bath bombs, bath salts, and candles that are 100% natural, vegan, gluten-free, soy-free, cruelty-free, non-GMO, and food-grade. These products can be found in retailers like Whole Foods, Vitamin Cottage, and Gelson’s Market, as well as online through its website and Amazon.com.

Looking Ahead

Trimax Corporation (OTC Pink: TMXN), dba Saavy Naturals Inc., represents a compelling investment opportunity within the personal care market. While it already targets the rapidly growing organic personal care space, the company’s newly launched hemp-based product line-up could provide exposure to an even faster-growing segment that’s backed by cutting-edge research into the benefits of hemp oils for skin care and the body.

For more information, visit the company’s website at www.saavynaturals.com.  

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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