The Global 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. 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 20222029, 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'Oral 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%
