Global CBD Skin Care Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “CBD Skin Care 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 skin care market 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.

Cannabidiol (CBD) skincare involves the incorporation of cannabidiol, a non-psychoactive compound extracted from cannabis plants, into various skincare products. It is available in several types, including creams, serums, and oils, each tailored to specific skincare needs. It soothes and rejuvenates the skin, promoting a healthier and more radiant complexion. It can assist in managing skin conditions like acne and eczema due to its efficient anti-inflammatory properties. It offers antioxidant attributes to help combat free radicals, which can lead to premature aging. It provides moisturizing and hydrating effects, aiding in maintaining skin suppleness and alleviating localized discomfort or irritation. It is utilized in daily skincare routines and targeted treatments for improving skin complications.

Global CBD Skin Care Market Trends and Drivers:

At present, the increasing consumer awareness about the potential benefits of CBD-infused skincare products represents one of the crucial factors impelling the growth of the market. Additionally, the growing trend of using natural and organic beauty products integrated with clean and sustainable ingredients is driving the adoption of CBD skincare. Besides this, the increasing number of e-commerce platforms and skincare brands making CBD more accessible to consumers worldwide is propelling the market growth. Moreover, the rising number of collaborations between CBD manufacturers and traditional cosmetics companies for bringing CBD products into mainstream beauty retail outlets is supporting the growth of the market. In addition, the increasing adoption of CBD skincare products as an anti-aging treatment to address age-related skin concerns like wrinkles and fine lines is contributing to the growth of the market. Furthermore, the growing innovation in CBD skincare formulations, such as the development of nanoemulsions for better absorption and encapsulation of ingredients, is offering a favorable market outlook. Apart from this, the ongoing clinical studies and scientific research providing empirical evidence of the efficacy of CBD in skincare and driving consumer trust are bolstering the growth of the market.

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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