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 trends, share, size, 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.

CBD skin care encompasses a range of skincare products infused with cannabidiol (CBD), a non-psychoactive compound extracted from cannabis and hemp plants. Derived from industrial hemp, a cannabis variety with minimal THC content, CBD skin care includes full-spectrum, broad-spectrum, and CBD isolates, often combined with a variety of cannabinoids. These products come in diverse forms such as creams, serums, balms, and oils, featuring a blend of beneficial ingredients like vitamins and essential oils. CBD exhibits notable anti-inflammatory properties, providing relief to irritated and inflamed skin. Additionally, its hydrating elements contribute to moisturizing the skin. Furthermore, CBD skin care aids in shielding the skin from environmental damage, contributing to the growing global demand for these products.

Global CBD Skin Care Market Trends and Drivers:

The increasing understanding among people about the possible advantages for the skin, such as anti-inflammatory and antioxidant properties, is a major driver for the increasing demand for CBD skincare products. Moreover, the growing inclination towards tailored and precise skincare options is prompting manufacturers to launch specialized products, such as CBD-infused items tailored for particular skin conditions or requirements. Additionally, the surge in collaborations between CBD producers and reputable skincare and beauty brands, aimed at boosting credibility and broadening product offerings, is exerting a positive impact on the market. Furthermore, the global expansion of traditional distribution channels is advancing 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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