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CBD Skin Care Product Market

CBD Skin Care Product Market Size, Share & Segment by Product type (Oil, lotion and creams, masks and serums, bath and soaps, Others), by Form ( Hemp, Marijuana), by Distribution Channel Type ( Loader, Automotive, Departmental Stores, E-commerce, Supermarkets, Others), and by Region | Global Market Forecast 2022-2028

Report Id: SNS/HC/1023 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The CBD skin care product market was valued at $1346.6 million in 2021, and is predicted to grow at a CAGR of 25.1 percent to $6493.5 million by 2028, with a forecasted CAGR of 25.1 %. The CBD skin care sector has a consistent profit potential $1149.2 million from 2022 to 2028. CBD (known as cannabidiol) is the non-inebriating compound extricated from Maryjane or hemp plants. CBD is extricated as powder, and is normally blended in with a different sort of oils including olive, coconut, or hemp oil, to build the adequacy of CBD in changed applications. CBD oil based items are involved different kinds of properties including, mitigating, cancer prevention agent, and skin smoothing. CBD oil is one of the most significant supplements because of its unique qualities. part in skin care and individual care items.

CBD skin care product market

Following the legalisation of marijuana and cannabis-based beauty products, the all-encompassing benefits of CBD mixed skin care products have come to light. CBD implanted skin item is acquiring popularity among buyers because of their quieting properties. It can possibly remember normal skin issues through its mitigating, anti-oxidant properties. CBD-based skin care product likewise offers different advantages like superior rest and furthermore helps in the treatment of different skin conditions like dermatitis and psoriasis, as well as acne. The extraordinary advantages related with CBD-based healthy skin have been promoted by cosmetics organizations. These organizations are advancing CBD implanted skin care products as "natural product" in the market. The multi-useful qualities of these items are supposed to move the interest for CBD skin care products.

MARKET DYNAMICS: 

KEY DRIVERS:

The great potential in the market is the increasing acceptance of CBD professional skincare products. These skincare products have antioxidant properties that help fight aging among people, this is a major factor that promotes market growth. Increased awareness of its therapeutic nature to the actions of inflammation and itching has encouraged manufacturers. Demand for face masks and serums has increased market size.

Restraints

Professional CBD skincare products may have some side effects on the skin, such as puffiness, itching, and skin peeling will lead to the ban of such products which will hinder the marketing field. Its marketing industry has less demand due to the limited availability of CBD products. The government's comprehensive regulations and regulatory systems, which include pertains to the use of CBD products have hampered its demand in various countries through the forecast period.

Opportunities

Officially available CBD products provide beneficial growth opportunities. Competitors invest a lot of money to get opportunities.

Challenges

Cosmetics specialists create products specifically for each problem of your skin. They had to face challenges as they took the first steps to establish their own brands as well as regulatory issues and concerns.

Cumulative growth

Due to its strong CBD properties, it helps reduce the risk of rash and eczema. Hemp oil products provide restorative skin properties. Along with CBD oil mixes with vitamin C which helps to reduce the appearance of fine lines and discoloration of the skin. The night cream of CBD product contains aloe vera with shiny willow bark and Vitamin C that will recover and hydrate your skin. It also retains the natural light of your skin and keeps it smooth and soft.

VALUE CHAIN ANALYSIS

CBD products are a growing trend in the market. Providers grow easily and present beauty products. Trading and marketing and distribution channels online increase the chances of skincare product growth. Analysis of offline series including drugstores, specialty stores, retailers, and leading distributors continue to emerge in the market. The growing demand for sudden satisfaction keeps supply chain analysis high. Companies relied heavily on various inputs to develop chain channels. This and improved product quality are important strategies that competitors take during the competition. Manufacturers provide an in-depth study of consumer product websites and evaluate measures on how they can help others.

Impact of COVID-19

Demand for CBD skincare products has seen a dramatic decline in the COVID 19 epidemic that affects global economic standards. In the global market, the post-epidemic epidemic has also seen a change in the behavior of customers, their likes and dislikes, as the demand for essential products is much higher than non-essential items.

However, as skincare and beauty companies increasingly focus on strengthening their supply chains, and distribution channels and improving the quality of their products, the market may cover major reasons in the future. Even the eCommerce industry has emerged as an amazing solution in these uncertain times, as online shopping gains growth among consumers.

MARKET ESTIMATION: 

By Source Type Natural and organic sources are the most popular on the market, according to source type. Companies have entered the herbal and natural personal care products industry to produce new and enhanced goods in response to rising customer demand for eco-friendly personal care products. Manufacturers are constantly releasing natural personal care products with curative powers and long-term advantages, which helps to meet existing consumer needs while also extending the client base.

By Product Type the CBD skincare products are of Oils, lotions, moisturisers, masks, serums, and cleansers are among the CBD skincare professional skincare products. CBD oils are the primary drivers of the global industry since they are particularly popular among women. All of the CBD skincare products mentioned above have anti-cancer potential.

Market Segmentation:

By Product Type

  • Oil

  • lotion and creams

  • masks and serums

  • bath and soaps

  • Others

By Form Type

  • Hemp

  • Marijuana

By Distribution Channel Type 

1. Loader

  • Automotive

  • Departmental Stores

  • E-commerce

  • Supermarkets

  • Others

2. Supermarkets

3. Others

CBD skin care product market

Key Market Players
Cannuka, LLC, The Elixinol Group, Endoca BV, FAB CBD, Kapu Maku LLC, KIEHL'S LLC (L'ORÉAL), LEEF ORGANICS LTD, Lord Jones, Medical, Marijuana, Inc, VERTLYBALM, and Others.

Regional Analysis

The CBD skincare products industry has been considered for Asia Pacific, North America, Europe, and the rest of the world.

Since the legalization of cannabis in 33 US states in 2018, North America has managed to secure the top spot in the worldwide market for CBD skincare products. The regional market's strength is bolstered by strong demand for these skincare products, as well as a large pool of established enterprises in the United States. CBD skincare products have a large client base in the region, and the legalization of marijuana in many places across Canada and the United States has boosted sales. The CBD skincare products market is expected to grow significantly in the next years, thanks to legalization and the strong presence of well-known beauty care brands in the region.

The Asia Pacific is a relatively new market that has gained traction in recent years as a slew of new skincare product brands emerges in Japan, China, and a number of Southeast Asian countries. Continuous talks over lowering cannabis legislation in numerous nations could mean better possibilities for the CBD skincare products business in the region.

Poor food habits, air pollution, and constant exposure to sunlight, as well as stress, are all significant causes of skin problems in the region. As a result, top manufacturers in the region are increasingly focusing on these difficulties and releasing CBD-infused skincare products that efficiently address them.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

 

CBD Skin Care Product Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1346.6 Million
Market Size by 2028 US$ 1149.2 Million
CAGR CAGR of 25.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 Form ( Hemp, Marijuana)
• By Distribution Channel Type ( Loader, Automotive, Departmental Stores, E-commerce, Supermarkets, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Cannuka, LLC, The Elixinol Group, Endoca BV, FAB CBD, Kapu Maku LLC, KIEHL'S LLC (L'ORÉAL), LEEF ORGANICS LTD, Lord Jones, Medical, Marijuana, Inc, VERTLYBALM, and Others.
DRIVING FACTORS • The great potential in the market is the increasing acceptance of CBD professional skincare products. These skincare products have antioxidant properties that help fight aging among people, this is a major factor that promotes market growth. Increased awareness of its therapeutic nature to the actions of inflammation and itching has encouraged manufacturers. Demand for face masks and serums has increased market size.
Restraints • Professional CBD skincare products may have some side effects on the skin, such as puffiness, itching, and skin peeling will lead to the ban of such products which will hinder the marketing field. Its marketing industry has less demand due to the limited availability of CBD products. The government's comprehensive regulations and regulatory systems, which include pertains to the use of CBD products have hampered its demand in various countries through the forecast period.


Frequently Asked Questions (FAQ) :

The Size of CBD Skin Care Product Market was valued at $1346.6 million in 2021.

Kiehl's LLC, Cannuka LLC, Fab CBD Company, Medical Marijuana Inc., Elixinol Global Limited,  Lord Jones, Leef Organics, Kapu Maku LLC, VERTLYBALM, and Endoca LLC 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. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. CBD Skin Care Product Market Segmentation, by product type

8.1 Oil

8.2 lotion and creams

8.3 masks and serums

8.4 bath and soaps

8.5 Others

 

9. CBD Skin Care Product Market Segmentation, by form type

9.1 Hemp

9.2 Marijuana

 

10. CBD Skin Care Product Market Segmentation, By distribution channel type

10.1 Loader

10.2 Automotive

10.3 Departmental Stores

10.4 E-commerce

10.5 Supermarkets

10.6 Supermarkets

10.7 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2     Canada

11.2.3     Mexico

11.3        Europe

11.3.1     Germany

11.3.2     UK

11.3.3     France

11.3.4     Italy

11.3.5     Spain

11.3.6     The Netherlands

11.3.7     Rest of Europe

11.4        Asia-Pacific

11.4.1     Japan

11.4.2     South Korea

11.4.3     China

11.4.4     India

11.4.5     Australia

11.4.6     Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1     Israel

11.5.2     UAE

11.5.3     South Africa

11.5.4     Rest

11.6        Latin America

11.6.1     Brazil

11.6.2     Argentina

11.6.3     Rest of Latin America

 

12 Company Profiles

12.1 Cannuka, LLC

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 The Elixinol Group

12.3 Endoca BV

12.4 FAB CBD

12.5 Kapu Maku LLC

12.6 KIEHL'S LLC (L'ORÉAL)

12.7 LEEF ORGANICS LTD

12.8 Lord Jones, Medical

12.9 Marijuana, Inc

12.10 VERTLYBALM

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

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