CBD Skin Care Product Market Size, Share & Segmentation 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 2023-2030
Report Id: SNS/HC/1023 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The CBD skin care product market was valued at USD 3.34 billion in 2022 and is predicted to grow at a CAGR of 25.1 percent to USD 20.03 billion by 2030, with a forecasted CAGR of 25.1 %. The CBD skin care sector has a consistent profit potential of USD 3.34 million from 2023 to 2030. 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.
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
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Oil
-
lotion and creams
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masks and serums
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bath and soaps
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Others
By Form Type
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Hemp
-
Marijuana
By Distribution Channel Type
1. Loader
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Automotive
-
Departmental Stores
-
E-commerce
-
Supermarkets
-
Others
2. Supermarkets
3. Others
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
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USA
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Canada
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Mexico
Europe
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Germany
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UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
Latin America
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Brazil
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Argentina
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Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.34 Billion |
| Market Size by 2030 | US$ 20.03 Billion |
| CAGR | CAGR of 25.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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) :
What was the size of CBD Skin Care Product Market in 2021?
The Size of CBD Skin Care Product Market was valued at $1346.6 million in 2021.
What are the key players of the CBD Skin Care Product Market?
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.
Which type of Research Methodology is followed in this report?
Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, and Fundamental Research.
Does this report cover qualitative and quantitative analysis?
Yes, this report covers qualitative and quantitative analysis.
In the coming years, which region will provide CBD Skin Care most business opportunities?
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
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
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