The Global CBD Skin Care Market was valued at USD 635.7 million in 2022, and with a CAGR of 24.9%, the market is expected to reach nearly USD 3014.32 million by 2029.
CBD Skin Care Market Overview
CBD (Cannabidiol) Skin Care products, derived from cannabis, are becoming a key player in the skincare industry. As consumers shift towards natural, plant-based solutions, CBD-infused products like oils, lotions, and serums are gaining popularity. Technological advancements, particularly the integration of augmented reality (AR), allow customers to experience products virtually, providing an immersive shopping experience that enhances engagement..
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Market dynamics for CBD Skin Care
Increasing Preference for Natural Beauty and Health Products
Natural beauty and health products are getting more and more popular as consumers realize how important health and wellness are. The need for natural ingredients in skin care and cosmetic products is driving this trend. In an effort to improve their skin’s beauty and overall health, people are actively looking for alternatives to synthetic chemicals. According to 65% of participants in a recent MMR study, buying clean, individualized, or healthful beauty care items was significant to them. Natural plant extracts like moringa, jojoba oil, and turmeric have grown in popularity as a result of growing knowledge of the negative effects of synthetic products.
Mergers and Acquisitions: Key Developments Around the World
United States: In October 2020, The Body Shop launched a new range of CBD-infused skincare products, including a moisturizer, face oil, and cleansing mask. This marks a significant step in expanding CBD skincare in the U.S. market.
European Union: Sentient Brands introduced the Oeuvre campaign in December 2021, leveraging influencer marketing to promote its CBD skincare line. With a focus on disruptive branding strategies, Sentient has set itself apart in the competitive market.
South Korea and Japan: Both countries are seeing rapid adoption of CBD in the beauty and wellness sectors, with new entrants entering the market, capitalizing on a growing trend towards natural health products.
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Regional Insights: North America and Europe Lead the Charge
North America held the largest market share in 2022, primarily driven by favorable regulatory conditions, such as the 2018 U.S. Farm Bill, which legalized hemp-derived CBD. This clarity has led to an influx of brands, providing consumers with a broad selection of CBD skincare products.
Europe is also witnessing a surge in CBD skincare adoption, with countries like the UK, Germany, and France leading the way in embracing both the wellness and beauty aspects of CBD. The increasing demand in Europe is driven by heightened consumer interest in organic and natural beauty products.
Key Challenges: Regulatory Uncertainty
Despite the positive market outlook, the CBD skincare industry faces significant regulatory challenges. Regulations surrounding CBD vary widely across regions, creating uncertainty around product labeling, marketing, and compliance. This has made it essential for brands to stay agile and align their operations with ever-evolving guidelines.
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CBD Skin Care Market Segmentation
by Product Type
Oils
Lotion and Creams
Masks and Serums
Bath and Soaps
Others
Over the course of the forecast period, the oils segment is anticipated to develop strongly by product type. Growing consumer knowledge of CBD’s benefits for skin care, together with a growing desire for natural and nourishing products, are the reasons for the segment’s growth. As more people choose CBD-infused skin care for general skin health, this market is poised for growth due to the adaptability of serums and oils, which address a range of skin issues. Serums and oils provide a comprehensive approach to skin care by enhancing the elasticity, moisture, and texture of the skin. Because of their all-inclusive character, serums and oils are very appealing to customers seeking to streamline their skin care regimens without sacrificing efficacy.
by Application
Facial care
Body Care
by Source
Hemp
Marijuana
by Distribution Channel
Departmental Stores
E-Commerce
Hypermarkets/Supermarkets
Retail Pharmacies
Others
CBD Skin Care Market Key Players
1. Cannuka, LLC
2. CBD For Life
3. Earthly Body
4. Elixinol Global Limited
5. Endoca Company
6. Green Growth Brands
7. Herbivore botanicals
8. IldiPekar Skin Care & Spa
9. Isodiol International Inc
10. Josie Maran Cosmetics
11. Kana Skin Care
12. Kapu Maku LLC (POPULUM)
13. Kiehl’s LLC
14. Kush Creams
15. Leef Organics
16. Leela Body Care Company
17. Lord Jones
18. Medical Marijuana Inc
19. Myaderm
20. Peter Thomas Roth
21. TESCosmetics
22. The CBD Skin Care Company
23. VERTLYBALM
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Key questions answered in the CBD Skin Care Market are:
- How has the CBD Skin Care market performed so far and how will it perform in the coming years?
- What is the market segmentation of the global CBD Skin Care market?
- What is the regional breakup of the global CBD Skin Care market?
- What are the price trends of various feedstocks in the CBD Skin Care industry?
- What is the structure of the CBD Skin Care industry and who are the key players?
- What are the raw material requirements for setting up a CBD Skin Care processing plant?
- What are the packaging requirements for setting up a CBD Skin Care processing plant?
Key Offerings:
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
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