Global CBD Skin Care Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “CBD skincare 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 skincare market report, share, size, trends, 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 skincare encompasses a range of skincare products infused with cannabidiol (CBD), a non-psychoactive compound derived from cannabis and hemp plants. Sourced from industrial hemp, a cannabis plant with minimal THC content, it is available in full-spectrum, broad-spectrum, and CBD isolate formulations, each containing a combination of cannabinoids. These products come in various forms such as creams, serums, balms, and oils, often combined with other advantageous elements like vitamins and essential oils. CBD showcases notable anti-inflammatory properties, effectively soothing irritated and inflamed skin. Additionally, it includes hydrating components that provide moisturizing benefits to the skin. Moreover, its ability to shield the skin from environmental damage has led to a growing global demand for CBD skincare.
Global CBD Skin Care Market Trends and Drivers:
Increased awareness among consumers regarding the potential skin advantages, encompassing anti-inflammatory and antioxidant properties, is a major driver behind the growing demand for CBD skincare products. Furthermore, the upward trend in tailored and focused skincare approaches is prompting manufacturers to introduce specialized products such as CBD-infused options catering to distinct skin conditions or requirements. Beyond this, the surge in partnerships 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. Additionally, the global expansion of offline distribution channels is propelling market growth.
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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