The CBD Skin Care Product Market size was valued at US$ 5841.52 million in 2023 and is projected to reach US$ 9033.12 million by 2031, with a growing CAGR of 5.6% over the forecast period 2024-2031.
CBD, a non-intoxicating compound from hemp or marijuana, is gaining popularity in skincare. Extracted as a powder, CBD is mixed with carrier oils for various uses. CBD oil is valued for its potential anti-inflammatory, antioxidant, and skin-soothing properties.
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With growing interest in cannabis-based beauty products, CBD-infused skincare is attracting attention. These products are promoted for their calming effects and potential benefits for common skin concerns like acne, eczema, and psoriasis. The anti-inflammatory and antioxidant properties of CBD may contribute to these effects. Cosmetic companies are marketing CBD skincare as a natural solution, highlighting its versatility and potential to improve overall skin health which accelerate the growth of the CBD Skin Care Product market.
Growing popularity of CBD-infused professional skincare products is a key
Consumers are increasingly embracing professional CBD skincare and this surge in popularity is a major driver of the market's growth. Moreover, CBD's antioxidant properties hold promise in fighting visible signs of aging, attracting a wider audience seeking youthful skin.
The antioxidant properties of CBD are seen as effective in combating Anti-Aging Benefits
Concerns about potential side effects like puffiness, itching, and peeling could lead to product bans, hindering market growth.
A potential hurdle for the CBD skincare market is the risk of side effects. Consumers may experience puffiness, itching, or peeling from these products, which could lead to regulations or even bans. This uncertainty could hinder market growth as customers hesitate to embrace unproven products.
Complex government regulations on the use of CBD in skincare products can hamper market demand in various countries.
Legally Available CBD Skincare Products
The official availability of CBD skincare presents a significant growth opportunity. Consumers can now confidently purchase these products, boosting market expansion.
The market attracts high investment from competitors eager to capitalize on the growing demand for CBD skincare.
Cosmetic companies specializing in targeted skincare solutions face challenges in creating unique CBD-infused products that stand out from competitors.
A key challenge for the CBD skincare market lies in product differentiation. Established cosmetic companies are known for creating targeted solutions for specific skin concerns. However, translating this same level of customization to the CBD market proves difficult. Manufacturers struggle to develop unique CBD-infused products that stand out from the growing competition. This lack of differentiation can confuse consumers and limit brand loyalty, hindering overall market growth.
Navigating the complex regulatory environment surrounding CBD products remains a hurdle for manufacturers.
The war could disrupt the CBD skincare market by rising costs for raw materials and supply chain disruptions might force price hikes for oils, lotions, and creams. This could push budget-conscious consumers towards drugstore brands or larger-sized products. Masks and serums, seen as less essential, could experience a sales slump due to similar price increases. Bath and soaps containing CBD might see the steepest decline as consumers tighten spending and prioritize essentials. Overall, the market could face a slowdown or decline. Brands offering affordable options or focusing on core products like lotions and creams might see more success. But the war's true impact depends on its duration, severity, and global economic effects.
Economic Slowdown can shake up the CBD skincare market as the consumers may prioritize affordability, leading to a rise in drugstore brands and value-sized options. High-end products might see a dip in sales. Masks and serums, seen as more discretionary, could experience a sharper decline than daily essentials like lotions. Here, multifunctional products offering multiple benefits (hydrating and anti-aging) might find more favor. The biggest potential decline could be in bath and soaps containing CBD. Seen as luxuries, consumers might explore DIY alternatives or opt for products with lower CBD content.
Overall, the market might stagnate or see a slight decline because the brands offering budget-friendly options or multi-functional products could see more success. However, there are counterpoints. Consumers seeking natural solutions might still invest in CBD products. Additionally, economic stress might lead some to seek CBD skincare's potential calming and mood-boosting effects. So, the slowdown's impact might be less severe than expected.
Oil
Lotion and creams
Masks and serums
Bath and soaps
Others
CBD oils dominate the CBD skincare market, holding over 40% of revenue in 2023. This is due to hemp-derived CBD's effectiveness for various skin concerns like dryness, aging, and acne. Companies are capitalizing on this by launching CBD facial oils, like Amway's glowing skin line in 2020. Advancements in manufacturing are also propelling growth. New technologies are reducing costs and waste, making hemp products more accessible for diverse applications, leading to a positive industry outlook. However, masks and serums are expected to be the fastest-growing segment. Their easy application and deep skin penetration are driving demand, potentially giving them a significant market share in the coming years.
Hemp
Marijuana
Hemp dominates in CBD skincare, holding over 64% of the market in 2023. Because hemp's rich fatty acids which combat signs of aging, moisturize, protect against free radicals, and promote healthy cells. It also soothes and rejuvenates dry, damaged skin. While hemp dominates, marijuana-based products are poised for future growth. Marijuana benefits skin by reducing sebum (oil) production, calming cellular inflammation, and minimizing redness and itch. It even aids the skin's natural healing process and shortens breakouts, making it an attractive future player in the market.
North America dominates the CBD skincare market, holding over 43% market share in 2023. Legalized cannabis in the US and Canada, along with a large consumer base, fuels this dominance. With 33 states allowing cannabis, the US is the world's largest market.
The Asia Pacific region is poised for the fastest growth due to its beauty-focused countries like China, India, Japan, and South Korea. Despite the region's mostly strict cannabis laws, the booming Asian beauty trends (J-beauty, K-beauty) are driving market potential. This has led companies to introduce CBD products, like MGC Pharmaceuticals launching its CBD skincare line in China in 2019.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are CBD For Life LLC, Cannuka, LLC, L'Oréal S.A., The Elixinol Group, Endoca BV, Green Growth Brands, Kana Skincare, KIEHL'S LLC (L'ORÉAL), LEEF ORGANICS LTD, Lord Jones, Medical Marijuana, Inc, Redwood Wellness LLC, Vertly Hemp, Marijuana Company Of America Inc., Myaderm, The CBD Skincare Company, Estée Lauder Companies and Others.
In November 2022: Lotus Organics introduced a new product line called "Hemp Youth Glow."
In April 2021: Nature of Things unveiled their groundbreaking Elemental Skincare collection. These innovative face creams cater to diverse skin types and leverage a unique blend of ingredients, including vitamin C, cannabis extracts, and squalene.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 5841.52 Million |
| Market Size by 2031 | US$ 9033.12 Million |
| CAGR | CAGR of 5.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product type (Oil, lotion and creams, masks and serums, bath and soaps, Others) • By Source ( Hemp, Marijuana) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | CBD For Life LLC, Cannuka, LLC, L'Oréal S.A., The Elixinol Group, Endoca BV, Green Growth Brands, Kana Skincare, KIEHL'S LLC (L'ORÉAL), LEEF ORGANICS LTD, Lord Jones, Medical Marijuana, Inc, Redwood Wellness LLC, Vertly Hemp, Marijuana Company Of America Inc., Myaderm, The CBD Skincare Company, Estée Lauder Companies |
| DRIVING FACTORS |
|
| Restraints |
|
The Size of CBD Skin Care Product Market was valued at USD 5841.52 million in 2023.
CBD For Life LLC, Cannuka, LLC, L'Oréal S.A., The Elixinol Group, Endoca BV, Green Growth Brands, Kana Skincare, KIEHL'S LLC (L'ORÉAL), LEEF ORGANICS LTD, Lord Jones, Medical Marijuana, Inc, Redwood Wellness LLC, Vertly Hemp, Marijuana Company Of America Inc., Myaderm, The CBD Skincare Company, Estée Lauder Companies are the leading companies in the CBD skin care sector.
Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, and Fundamental Research.
Yes, this report covers qualitative and quantitative analysis.
In the approaching years, North America and Europe will give additional business chances for CBD Skin Care goods. In the future, the United States and the EU5 countries will be the major consumers of CBD skin care products.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. CBD Skin Care Product Market Segmentation, By Product Type
9.1 Introduction
9.2 Trend Analysis
9.3 Oil
9.4 Lotion and creams
9.5 Masks and serums
9.6 Bath and soaps
9.7 Others
10. CBD Skin Care Product Market Segmentation, By Source
10.1 Introduction
10.2 Trend Analysis
10.3 Hemp
10.4 Marijuana
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America CBD Skin Care Product Market Segmentation, by Country
11.2.3 North America CBD Skin Care Product Market Segmentation, By Product Type
11.2.4 North America CBD Skin Care Product Market Segmentation, By Source
11.2.5 USA
11.2.5.1 USA CBD Skin Care Product Market Segmentation, By Product Type
11.2.5.2 USA CBD Skin Care Product Market Segmentation, By Source
11.2.6 Canada
11.2.6.1 Canada CBD Skin Care Product Market Segmentation, By Product Type
11.2.6.2 Canada CBD Skin Care Product Market Segmentation, By Source
11.2.7 Mexico
11.2.7.1 Mexico CBD Skin Care Product Market Segmentation, By Product Type
11.2.7.2 Mexico CBD Skin Care Product Market Segmentation, By Source
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe CBD Skin Care Product Market Segmentation, by Country
11.3.2.2 Eastern Europe CBD Skin Care Product Market Segmentation, By Product Type
11.3.2.3 Eastern Europe CBD Skin Care Product Market Segmentation, By Source
11.3.2.4 Poland
11.3.2.4.1 Poland CBD Skin Care Product Market Segmentation, By Product Type
11.3.2.4.2 Poland CBD Skin Care Product Market Segmentation, By Source
11.3.2.5 Romania
11.3.2.5.1 Romania CBD Skin Care Product Market Segmentation, By Product Type
11.3.2.5.2 Romania CBD Skin Care Product Market Segmentation, By Source
11.3.2.6 Hungary
11.3.2.6.1 Hungary CBD Skin Care Product Market Segmentation, By Product Type
11.3.2.6.2 Hungary CBD Skin Care Product Market Segmentation, By Source
11.3.2.7 Turkey
11.3.2.7.1 Turkey CBD Skin Care Product Market Segmentation, By Product Type
11.3.2.7.2 Turkey CBD Skin Care Product Market Segmentation, By Source
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe CBD Skin Care Product Market Segmentation, By Product Type
11.3.2.8.2 Rest of Eastern Europe CBD Skin Care Product Market Segmentation, By Source
11.3.3 Western Europe
11.3.3.1 Western Europe CBD Skin Care Product Market Segmentation, by Country
11.3.3.2 Western Europe CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.3 Western Europe CBD Skin Care Product Market Segmentation, By Source
11.3.3.4 Germany
11.3.3.4.1 Germany CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.4.2 Germany CBD Skin Care Product Market Segmentation, By Source
11.3.3.5 France
11.3.3.5.1 France CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.5.2 France CBD Skin Care Product Market Segmentation, By Source
11.3.3.6 UK
11.3.3.6.1 UK CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.6.2 UK CBD Skin Care Product Market Segmentation, By Source
11.3.3.7 Italy
11.3.3.7.1 Italy CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.7.2 Italy CBD Skin Care Product Market Segmentation, By Source
11.3.3.8 Spain
11.3.3.8.1 Spain CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.8.2 Spain CBD Skin Care Product Market Segmentation, By Source
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.9.2 Netherlands CBD Skin Care Product Market Segmentation, By Source
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.10.2 Switzerland CBD Skin Care Product Market Segmentation, By Source
11.3.3.11 Austria
11.3.3.11.1 Austria CBD Skin Care Product Market Segmentation, By Product Type
11.3.3.11.2 Austria CBD Skin Care Product Market Segmentation, By Source
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe CBD Skin Care Product Market Segmentation, By Product Type
11.3.2.12.2 Rest of Western Europe CBD Skin Care Product Market Segmentation, By Source
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific CBD Skin Care Product Market Segmentation, by Country
11.4.3 Asia Pacific CBD Skin Care Product Market Segmentation, By Product Type
11.4.4 Asia Pacific CBD Skin Care Product Market Segmentation, By Source
11.4.5 China
11.4.5.1 China CBD Skin Care Product Market Segmentation, By Product Type
11.4.5.2 China CBD Skin Care Product Market Segmentation, By Source
11.4.6 India
11.4.6.1 India CBD Skin Care Product Market Segmentation, By Product Type
11.4.6.2 India CBD Skin Care Product Market Segmentation, By Source
11.4.7 Japan
11.4.7.1 Japan CBD Skin Care Product Market Segmentation, By Product Type
11.4.7.2 Japan CBD Skin Care Product Market Segmentation, By Source
11.4.8 South Korea
11.4.8.1 South Korea CBD Skin Care Product Market Segmentation, By Product Type
11.4.8.2 South Korea CBD Skin Care Product Market Segmentation, By Source
11.4.9 Vietnam
11.4.9.1 Vietnam CBD Skin Care Product Market Segmentation, By Product Type
11.4.9.2 Vietnam CBD Skin Care Product Market Segmentation, By Source
11.4.10 Singapore
11.4.10.1 Singapore CBD Skin Care Product Market Segmentation, By Product Type
11.4.10.2 Singapore CBD Skin Care Product Market Segmentation, By Source
11.4.11 Australia
11.4.11.1 Australia CBD Skin Care Product Market Segmentation, By Product Type
11.4.11.2 Australia CBD Skin Care Product Market Segmentation, By Source
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific CBD Skin Care Product Market Segmentation, By Product Type
11.4.12.2 Rest of Asia-Pacific CBD Skin Care Product Market Segmentation, By Source
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East CBD Skin Care Product Market Segmentation, by Country
11.5.2.2 Middle East CBD Skin Care Product Market Segmentation, By Product Type
11.5.2.3 Middle East CBD Skin Care Product Market Segmentation, By Source
11.5.2.4 UAE
11.5.2.4.1 UAE CBD Skin Care Product Market Segmentation, By Product Type
11.5.2.4.2 UAE CBD Skin Care Product Market Segmentation, By Source
11.5.2.5 Egypt
11.5.2.5.1 Egypt CBD Skin Care Product Market Segmentation, By Product Type
11.5.2.5.2 Egypt CBD Skin Care Product Market Segmentation, By Source
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia CBD Skin Care Product Market Segmentation, By Product Type
11.5.2.6.2 Saudi Arabia CBD Skin Care Product Market Segmentation, By Source
11.5.2.7 Qatar
11.5.2.7.1 Qatar CBD Skin Care Product Market Segmentation, By Product Type
11.5.2.7.2 Qatar CBD Skin Care Product Market Segmentation, By Source
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East CBD Skin Care Product Market Segmentation, By Product Type
11.5.2.8.2 Rest of Middle East CBD Skin Care Product Market Segmentation, By Source
11.5.3 Africa
11.5.3.1 Africa CBD Skin Care Product Market Segmentation, by Country
11.5.3.2 Africa CBD Skin Care Product Market Segmentation, By Product Type
11.5.3.3 Africa CBD Skin Care Product Market Segmentation, By Source
11.5.3.4 Nigeria
11.5.3.4.1 Nigeria CBD Skin Care Product Market Segmentation, By Product Type
11.5.3.4.2 Nigeria CBD Skin Care Product Market Segmentation, By Source
11.5.3.5 South Africa
11.5.3.5.1 South Africa CBD Skin Care Product Market Segmentation, By Product Type
11.5.3.5.2 South Africa CBD Skin Care Product Market Segmentation, By Source
11.5.3.6 Rest of Africa
11.5.3.6.1 Rest of Africa CBD Skin Care Product Market Segmentation, By Product Type
11.5.3.6.2 Rest of Africa CBD Skin Care Product Market Segmentation, By Source
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America CBD Skin Care Product Market Segmentation, by Country
11.6.3 Latin America CBD Skin Care Product Market Segmentation, By Product Type
11.6.4 Latin America CBD Skin Care Product Market Segmentation, By Source
11.6.5 Brazil
11.6.5.1 Brazil CBD Skin Care Product Market Segmentation, By Product Type
11.6.5.2 Brazil CBD Skin Care Product Market Segmentation, By Source
11.6.6 Argentina
11.6.6.1 Argentina CBD Skin Care Product Market Segmentation, By Product Type
11.6.6.2 Argentina CBD Skin Care Product Market Segmentation, By Source
11.6.7 Colombia
11.6.7.1 Colombia CBD Skin Care Product Market Segmentation, By Product Type
11.6.7.2 Colombia CBD Skin Care Product Market Segmentation, By Source
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America CBD Skin Care Product Market Segmentation, By Product Type
11.6.8.2 Rest of Latin America CBD Skin Care Product Market Segmentation, By Source
12. Company Profiles
12.1 CBD For Life LLC
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Cannuka, LLC
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 L'Oréal S.A.
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 The Elixinol Group
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Endoca BV
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Green Growth Brands
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Kana Skincare
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 KIEHL'S LLC (L'ORÉAL)
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 LEEF ORGANICS LTD
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Lord Jones
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Medical Marijuana, Inc
12.11.1 Company Overview
12.11.2 Financial
12.11.3 Products/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Redwood Wellness LLC
12.12.1 Company Overview
12.12.2 Financial
12.12.3 Products/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Vertly Hemp
12.13.1 Company Overview
12.13.2 Financial
12.13.3 Products/ Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View
12.14 Marijuana Company Of America Inc.
12.14.1 Company Overview
12.14.2 Financial
12.14.3 Products/ Services Offered
12.14.4 SWOT Analysis
12.14.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
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