Global CBD Skin Care Market Overview 2023-2028
Cannabidiol (CBD) skin care refers to a category of skincare products that contain CBD, a non-psychoactive compound obtained from the cannabis and hemp plant. It is derived from industrial hemp, a type of cannabis plant with low THC content. It includes full-spectrum, broad-spectrum, and CBD isolates with a combination of cannabinoids. It is available in various forms, including creams, serums, balms, and oils, and is combined with other beneficial ingredients like vitamins and essential oils. It exhibits anti-inflammatory properties, which help soothe irritated and inflamed skin. It also contains hydrating ingredients that offer moisturizing benefits to the skin. Besides this, as it aids in protecting the skin from environmental damage, the demand for CBD skin care is increasing globally.
The global CBD skin care market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21% during 2023-2028.
Global CBD Skin Care Market Trends and Drivers:
The rising awareness among individuals about potential skin benefits, including anti-inflammatory and antioxidant properties, represents one of the key factors catalyzing the demand for CBD skincare products. Additionally, the rising trend towards personalized and targeted skincare solutions is encouraging manufacturers to introduce specialized products like CBD-infused items for specific skin conditions or needs. Apart from this, increasing partnerships between CBD producers and well-known skincare and beauty brands to enhance credibility and expand product portfolio is positively influencing the market. Moreover, the expansion of offline distribution channels worldwide is propelling market growth.
Global CBD Skin Care Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Aurora Cannabis Inc., Cannuka LLC, Canopy Growth Corporation, Curaleaf Holdings Inc., Dixie Brands Inc., Earthly Body, Elixinol Wellness Limited, High Tide Inc., Kapu Maku LLC (Populum), Kiehl’s LLC (L’Oréal S.A.), Lord Jones, Medical Marijuana Inc. and Myaderm.
The report segmented the market on the basis of region, product type, source, price range and distribution channel.
Breakup by Product Type:
- Lotion and Creams
- Masks and Serums
- Bath and Soaps
Breakup by Source:
Breakup by Price Range:
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Departmental Stores
- Online Stores
- Retail Pharmacies
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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