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 growth, size, share, and trends 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.
CBD skin care encompasses a range of skincare products containing CBD, a non-psychoactive compound derived from cannabis and hemp plants. This compound is sourced from industrial hemp, a cannabis variety with low THC levels. The CBD skincare category includes products with various cannabinoid combinations, such as full-spectrum, broad-spectrum, and CBD isolates. These products come in different forms like creams, serums, balms, and oils, often infused with additional beneficial components like vitamins and essential oils. CBD skin care demonstrates notable anti-inflammatory properties, effectively calming and soothing irritated and inflamed skin. Moreover, it features hydrating elements that provide moisture and nourishment to the skin. Additionally, CBD skincare is gaining global popularity due to its ability to shield the skin from environmental damage.
Global CBD Skin Care Market Trends and Drivers:
The increasing understanding among consumers regarding the potential skin advantages, such as anti-inflammatory and antioxidant properties, is a primary driver behind the growing demand for CBD skincare products. Furthermore, the surging interest in personalized and targeted skincare solutions is prompting manufacturers to introduce specialized offerings like CBD-infused products tailored to specific skin conditions or requirements. In addition to this, the growing collaborations between CBD producers and established skincare and beauty brands, aimed at boosting credibility and diversifying product offerings, are exerting a positive impact on the market. Moreover, the expansion of brick-and-mortar distribution channels worldwide is propelling market expansion.
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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