CBD Skincare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F, Segmented By Product Type (Creams, Moisturizers, Lotions, Balms, Serums, Face & Body Cleaners, Sunscreens, and Others), By Source Type (Hemp, Marijuana), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Multi-Branded Stores, Pharmacy & Drug Stores, Online and Non-Retail), By Regio
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCBD Skincare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F, Segmented By Product Type (Creams, Moisturizers, Lotions, Balms, Serums, Face & Body Cleaners, Sunscreens, and Others), By Source Type (Hemp, Marijuana), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Multi-Branded Stores, Pharmacy & Drug Stores, Online and Non-Retail), By Regio
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD943.54 Million |
| CAGR (2023-2028) | 12.38% |
| Fastest Growing Segment | Online |
| Largest Market | North America |
Global CBD skincare market is anticipated to grow during the forecast period due to the rising spending on skincare and a growing demand for herbal products.
Cannabidiol (CBD) skincare has become increasingly popular because of its successful application for many skin advantages. Additionally, they serve to improve a person's physiological and cognitive functioning as well as regulate mood, pain, and memory. They are also more effective in treating inflammation, anxiety, and sleeplessness. One of the 113 cannabinoids found in cannabis plants, cannabidiol (CBD), makes up 40% of the plant's extract. As a result, its rising popularity due to its advantages is anticipated to support market expansion throughout the forecast period.
Sleep specialists frequently utilize CBD oils as an active component in aromatherapy. Patients with OSA reported better sleep as a result of the relaxing effects of CBD oil. Additionally, because of its anti-inflammatory effects, CBD oil-infused products are frequently utilized for the treatment of psoriasis and acne. Throughout the forecast period, the existence of multifunctional benefits in CBD-infused skin care products is anticipated to drive the market's overall revenue growth.
Increasing Number of Product Launches Boost Market Growth
New products are being launched by companies to attract new customers, boosting demand and assisting the international expansion of the CBD skincare market. For instance, in 2022, in the United Arab Emirates, business partners Yann Moujawaz and Juana Martini launched their CBD-based skincare line, Juana Skin. The skincare line Juana Skin's sole goal is to use the strong properties of farm-fresh CBD in combination with medicinal botanical extracts to produce products that have been clinically shown to balance and calm people's skin... Additionally, in 2020, Botanika Life launched a variety of CBD-infused skincare products. Products from the sustainably sourced Botanika Life collection are made entirely of hemp that is cultivated and processed in the United States and offers health advantages for the skin.
Growing Number of Skin Problems Drive Market Growth
In the US, 1.8 million people are expected to experience SCC (Squamous cell carcinoma) occurrences each year.
Rising Focus on New Marketing Strategies Aids Market Growth
Companies are concentrating on innovative marketing techniques to draw customers to their products, which boosts market demand and expansion. For instance, in December 2021, Sentient Brands launched its Oeuvre influencer marketing and social media campaign. Also in January 2022, the company planned on launching videos showing Oeuvre product and survey results on its website and in paid advertisements. Sentient Brands, a
Surging the Popularity of Social-Media Platforms Fuels Product Demand
In Australia, there were 21.45 million social media users in 2022. Online shopping on social media was utilized by 6 million Australians, in 2022.
Market Segmentation
The global CBD Skincare market is segmented into product type, source type, distribution channel, and region. Based on the product type, the market is segmented into creams, moisturizers, lotions, balms, serums, face & body cleaners, sunscreens, and others. Based on source type, the market is segmented into hemp and marijuana. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, specialty retailers, multi-branded retailers, pharmacy & drug retailers, online and non-retail. The market analysis also studies regional segmentation to devise regional market segmentation.
Company Profile
Cannuka, LLC, Earthly Body, Kapu Maku LLC (Populum LTD), Sephora USA, Inc., The CBD Skincare Co, CBD For Life, Endoca BV, Leef Organics LTD, Redwood Wellness, LLC (Lord Jones), and Myaderm Inc, etc. are
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