CBD Skin Care Industry Outlook 2024-2032
Summary:
- The global CBD skin care market size reached USD 1.6 Billion in 2023.
- The market is expected to reach USD 7.4 Billion by 2032, exhibiting a growth rate (CAGR) of 18.33% during 2024-2032.
- Region-wise, the market has been divided into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
- Based on the product type, the market has been categorized into oils, lotion and creams, masks and serums, bath and soaps, and others.
- On the basis of the source, the market has been bifurcated into hemp and marijuana.
- Based on the price range, the market has been classified into economic and premium.
- On the basis of the distribution channel, the market has been segmented into hypermarkets and supermarkets, departmental stores, online stores, retail pharmacies, and others.
- The increasing awareness about CBD benefits is a primary driver of the CBD skin care market.
- The CBD skin care market growth and forecast highlight a significant rise due to the rising demand for anti-aging solutions and the growing e-commerce platforms.
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Industry Trends and Drivers:
- Increasing Awareness about CBD Benefits:
The rising awareness about the potential benefits of CBD, particularly in skincare, has significantly boosted the CBD skin care market share. Additionally, consumers are widely drawn to CBD’s reputed anti-inflammatory and antioxidant properties, which are believed to help address common skin conditions such as acne, eczema, and psoriasis. As more studies and user testimonials surface, confidence in CBD’s therapeutic properties grows, leading to a shift in consumer preferences toward natural, plant-based remedies. Furthermore, CBD’s calming effects appeal to those with sensitive or irritated skin, positioning it as an all-natural solution to soothe and restore skin health. Besides, the wellness movement and an increasing inclination toward holistic skincare are also playing a role in boosting the popularity of CBD skincare.
- Rising Demand for Anti-Aging Solutions:
The CBD skin care market trends indicate that the growing anti-aging skincare segment has witnessed a surge in demand for CBD-infused products with compound’s antioxidant properties. Additionally, CBD is gaining attention for its ability to combat oxidative stress, which is a primary factor in skin aging. Moreover, CBD can potentially slow down the aging process and reduce the appearance of fine lines and wrinkles by neutralizing free radicals. This makes CBD-infused products highly appealing to those seeking natural anti-aging solutions. As consumers become more conscious of the ingredients in their skincare products, the trend toward natural, chemical-free formulations is gaining traction which is escalating the CBD skin care demand. The increasing interest in CBD as an anti-aging ingredient is also fueled by the broader wellness movement, which emphasizes holistic approaches to beauty and health.
- Growing E-commerce Platforms:
The rapid growth of e-commerce has significantly impacted the accessibility and availability of CBD skincare products. Additionally, online platforms provide consumers with a convenient way to explore and purchase a wide variety of CBD-infused products, removing geographical barriers and offering access to brands that may not be available in local markets. Moreover, the ease of researching, reading reviews, and comparing products online has empowered consumers to make more informed decisions about their skincare choices. Besides, e-commerce platforms often feature exclusive deals and subscription services, further driving the CBD skin care market size. As CBD remains a relatively new addition to mainstream skincare, online marketplaces allow niche brands to reach a broader audience without the need for physical retail spaces. This direct-to-consumer model, combined with targeted digital marketing and influencer collaborations, has allowed CBD skincare brands to grow rapidly across the globe.
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CBD Skin Care Market Report Segmentation:
Breakup By Product Type:
- Oils
- Lotion and Creams
- Masks and Serums
- Bath and Soaps
- Others
Based on the product type, the market has been categorized into oils, lotion and creams, masks and serums, bath and soaps, and others.
Breakup By Source:
- Hemp
- Marijuana
On the basis of the source, the market has been bifurcated into hemp and marijuana.
Breakup By Price Range:
- Economic
- Premium
Based on the price range, the market has been classified into economic and premium.
Breakup By Distribution Channel:
- Hypermarkets and Supermarkets
- Departmental Stores
- Online Stores
- Retail Pharmacies
- Others
On the basis of the distribution channel, the market has been segmented into hypermarkets and supermarkets, departmental stores, online stores, retail pharmacies, and 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
Region-wise, the market has been divided into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Top CBD Skin Care Market Leaders:
The CBD skin care market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market 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.
- Myaderm
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