CBD Skin Care Market Size, Industry Analysis Report By Source (Hemp, Marijuana), By Type (Oil, creams and moisturizers, masks and serums, cleansers), By Application (mass market, smoke shops, e-commerce), By Distribution (Online sales, Offline sales) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 249
- CATEGORY
- Healthcare & Life Sciences
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. Cannabis sativa plants, which include hemp and marijuana plants, contain the natural chemical cannabidiol (CBD). It is often utilised for a variety of skin care applications and is extracted as a powder. To boost the efficiency of CBD in a variety of applications, it is frequently combined with oils, such as coconut, olive, or hemp oil. The CBD-infused skincare and personal care items have a variety of advantageous skin-soothing, calming, anxiety-relieving, pain-relieving, anti-inflammatory, moisturising, and antioxidant characteristics that help treat dry skin and some inflammatory skin problems.
The Global CBD Skin Care Market - Growth Factor
The general public's growing understanding of the advantages of CBD skin care products worldwide is fostering a favourable outlook for the market. Customers that suffer from dermatological conditions like sensitivity, inflammation, acne, and dryness frequently utilise CBD products. Accordingly, CBD's potent anti-inflammatory effects aid in accelerating the skin's natural healing process and reducing the duration of breakouts and eczema flare-ups, all of which are contributing to the market's expansion. Another element promoting growth is the legalisation of cannabis for both medical and recreational uses. Aside from this, the market expansion is being boosted by the increasing emphasis on reducing production costs and developing sustainable ways for the creation of CBD skin care products to ensure optimal and prudent resource usage.
The Global CBD Skin Care Market – Market Trends
• Due of these products' capacity to treat a range of skin disorders, the global market for CBD skin care is expanding.
• The personal care market has adopted CBD skin care products more readily as people become more aware of their advantages. Skin care issues like dry skin, eczema, acne, and psoriasis are all treated with CBD.
• This is anticipated to continue to be a major element influencing the need for CBD skin care on a global scale. Increasingly more people are becoming aware of the advantages of cannabidiol and its therapeutic capabilities, which has led to a surge in the popularity of cannabidiol skin care products worldwide.
• The need for the cannabidiol (CBD) skin care market is further increased by the growing popularity of CBD skin care products, which have antioxidant characteristics that fight the effects of ageing.
The Global CBD Skin Care Market – Segmentation
The Global CBD Skin Care Market fragrance concentrates market has been sub-classified into source, type, application, distribution.
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
The Global CBD Skin Care Market –Regional Analysis
North America dominated the global CBD Skin Care Market, during the anticipated period of 2022–2029, the market will maintain its dominance in terms of market share and revenue. The legalisation of marijuana in Canada and the United States, as well as the presence of numerous important players in the region, are credited with driving market expansion in this area.
The Global CBD Skin Care Market – Key Market players
Global key players of Global CBD Skin Care Market include 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, and others.
Report scope
Global CBD Skin Care Market: Historical Years- 2018-2021
Global CBD Skin Care Market: Forecast Years- 2022-2030
Global CBD Skin Care Market 2022- USD 2,359.5 million
Global CBD Skin Care Market 2030- USD 10,376.4 million
Global CBD Skin Care Market CAGR- 28%
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI