Global CBD Skin Care Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “CBD Skin Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cbd skin care industry trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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.

Cannabidiol (CBD) skin care refers to skincare products that contain CBD as one of their active ingredients. It consists of creams, lotions, and serums to provide hydration and maintain skin moisture. It is believed to have anti-inflammatory properties, which may help soothe skin conditions like redness, irritation, and acne. It can potentially reduce skin inflammation and promote a more even complexion. It can also protect the skin from damage caused by free radicals and environmental stressors, which potentially slow down the aging process. It is considered gentle on the skin that makes it suitable for those with sensitive or easily irritated skin.

Global CBD Skin Care Market Trends and Drivers:

The increasing awareness about the potential health and wellness benefits of CBD and its based skin care products represents one of the primary factors bolstering the market growth around the world. Moreover, the rising inclination towards natural and plant based skincare products, which aligns with the use of CBD, is favoring the growth of the market. In addition, the growing use of CBD in anti-aging skincare products due to its potential advantages to reduce wrinkles, fine lines, and signs of aging is influencing the market positively. Apart from this, a considerable reliance on influencers and celebrities endorsing CBD skinacre products is contributing to the market growth. Furthermore, the increasing number of customers sharing their positive experiences with CBD skincare on social media and through word of mouth is supporting the market growth. Besides this, key players are using microencapsulation techniques to help protect CBD molecules, which ensures their stability and controlled release over time. They are also developing transdermal patches infused with CBD that offer a controlled and long-lasting delivery of cannabinoids through the skin. Along with this, the integration of blockchain technology to track the sourcing and production of CBD in skin care products is strengthening the growth of the market.

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:

• Oils
• Lotion and Creams
• Masks and Serums
• Bath and Soaps
• Others

Breakup by Source:

• Hemp
• Marijuana

Breakup by Price Range:

• Economic
• Premium

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Departmental Stores
• Online Stores
• Retail Pharmacies
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• 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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