CBD Skin Care Market Overview:
The Global CBD Skin Care Market is valued at around USD 2,359.5 million in 2022 and is expected to reach USD 10,376.4 million by 2030, registering a CAGR of 28% over the forecast period.
CBD, short for cannabdiol, is a non-intoxicating compound derived from marijuana or hemp plants. Typically extracted in powder form, it's often combined with different oils like olive, coconut, or hemp oil to enhance its effectiveness in various applications. CBD oil-based products boast a range of properties, including anti-inflammatory, antioxidant, and skin-soothing effects. This unique blend of beneficial properties makes CBD oil a key ingredient in skincare and personal care products.
Since the legalization of marijuana and cannabis-based cosmetics, there has been a growing recognition of the holistic advantages offered by CBD-infused skincare products. These products are increasingly gaining popularity among customers due to their relaxing benefits. CBD, known for its anti-inflammatory and antioxidant properties, holds promise in alleviating various common skin conditions.
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Market Growth Factors:
The CBD skin care market is witnessing remarkable growth within the beauty and wellness industry. Consumers are increasingly drawn to CBD-infused skincare products due to their potential therapeutic benefits. CBD, or cannabidiol, is a non-psychoactive compound derived from the cannabis plant, renowned for its anti-inflammatory and antioxidant properties. This surge in the market is fuelled by a growing interest in natural and holistic skincare solutions, alongside the expanding legalization of cannabis in various regions.
The CBD Skin Care market is experiencing significant growth, primarily fueled by the increasing awareness of the potential health benefits linked with CBD. Consumers are actively seeking skincare products that not only enhance their skin's appearance but also target underlying concerns such as inflammation, redness, and irritation. CBD's notable anti-inflammatory properties render it a valuable component for various skincare items like creams, serums, and oils, appealing to a diverse range of users seeking holistic skincare solutions. As scientific research continues to validate CBD's therapeutic qualities, the market is positioned for further expansion.
Market Segments:
On the basis of source, the Global CBD Skin Care Market is bifurcated into:
- Hemp
- Marijuana
- others
On the basis of type, the market is segmented into:
- Oil
- creams and moisturizers
- masks and serums
- cleansers
- others
On the basis of application, the market segmented into:
- mass market
- smoke shops
- e-commerce
- Others
On the basis of distribution, the market segmented into:
- Online sales
- Offline sales
- Others
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Market Regional Analysis:
During the projected period of 2022–2029, North America is expected to continue its dominance in the global CBD Skin Care Market, maintaining a significant market share and generating substantial revenue. This dominance is attributed to factors such as the legalization of marijuana in Canada and the United States, along with the presence of numerous key players in the region. These factors collectively drive the expansion of the market in North America.
Key Market Players in this Report are:
- Aurora Cannabis Inc.
- Cannula LLC
- Canopy Growth Corporation
- Cur leaf Holdings Inc.
- Dixie Brands Inc.
- Earthly Body
- Elision Wellness Limited
- High Tide Inc.
- Kaput Make LLC (Populism)
- Kuehl’s LLC (L'Oréal S.A.)
- Lord Jones
- Medical Marijuana Inc.
- and Madera, and others.
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