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 market share, size, trends, 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.
Cannabinoid (CBD) skincare refers to the incorporation of cannabidiol, a compound found in cannabis plants, into beauty and skincare products. It comprises CBD oil, which can be applied directly to the skin or mixed with other skincare products. It also consists of CBD creams and lotions, which provide a smooth application and are effective in moisturizing and soothing the skin. It includes CBD serums, which are concentrated formulas designed to penetrate deeper into the skin, providing a potent dose of CBD along with other beneficial ingredients. It also encompasses CBD masks, which are either sheet or clay masks infused with CBD to offer a spa-like experience while delivering the therapeutic benefits of cannabidiol. It interacts with the endocannabinoid system in the human body, which plays a crucial role in maintaining skin balance and promoting overall well-being. CBD skincare emphasizes harnessing the healing power of nature. It has minimal side effects and provides a natural alternative to traditional skincare products. It is suitable for various skin types and addresses a wide range of skin concerns, making it a versatile option for individuals seeking personalized skincare solutions. It takes a holistic approach to beauty by not only focusing on external appearance but also promoting overall skin health.
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Global CBD Skin Care Market Trends and Drivers:
At present, the increasing awareness and acceptance of the potential therapeutic benefits of cannabidiol-infused skincare products among the masses represents one of the crucial factors impelling the growth of the market. Besides this, as individuals become more informed about the anti-inflammatory, antioxidant, and hydrating properties of CBD, they are seeking out skincare products that harness these qualities for improved skin health. In addition, the relaxation of legal restrictions on CBD in various regions, creating a more conducive environment for the development and sale of CBD-infused skincare products, is offering a favorable market outlook. Apart from this, individuals are becoming more discerning, seeking products with minimal synthetic ingredients and a focus on plant-based formulations. CBD fits seamlessly into this preference for natural alternatives, as it is derived from the hemp plant and is often incorporated into skincare products alongside other botanical extracts and essential oils. Additionally, the rising adoption of self-pampering routines to maintain holistic well-being is driving the demand for CBD skincare products as they have stress-relieving and calming properties. Moreover, the increasing number of e-commerce platforms enabling skincare brands to sell their products online and deliver them to the doorstep of buyers is bolstering the market growth. The ease of online purchasing, coupled with the ability to access information and reviews, is empowering people to make informed decisions about incorporating CBD skincare into their routines. Furthermore, key market players are investing in research and development (R&D) to create formulations that cater to specific skin concerns, such as acne, aging, and sensitivity.
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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