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CBD Skin Care Products Market Analysis
CBD Skin Care Products Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
CBD skincare products can be defined as skincare products that are made using cannabidiol (CBD) ingredients. CBD is derived from the cannabis plant. It is being used in skincare products to treat various skin disorders such as dryness and itching. CBD possesses anti-inflammatory properties which help to reduce triggers of eczema, psoriasis, and dermatitis.
The CBD skin care products market was estimated at USD 1079.74 million in 2022.
The CBD skin care products market is likely to reach USD 4858.59 million in 2028.
The CBD skin care products market is likely to grow at a CAGR of 27.99% during 2023-2028.
Increasing usage of CBD in skincare products with rising consumer awareness about its benefits, increasing demand for anti-aging skincare products, and growing popularity of CBD skincare products in developing countries are the factors driving the growth of the market.
The CBD-based skincare oil segment accounted for the largest market share of more than 35% in 2022.
Asia-Pacific is expected to register the fastest growth in the market during the next five years.
Cannuka, LLC (The U.S), CBD for Life (The U.S), Earthly Body, Inc. (The U.S), Endoca LLC (The U.S), Josie Maran Cosmetics (The U.S), Kapu Maku LLC. (The U.S), Kiehl's LLC (The U.S), LEEF Organics (The U.S), Lord Jones (Redwood Wellness, LLC), (The U.S), Myaderm (The U.S), The CBD Skincare.co (The U.S) and Elixinol Global Limited (Australia) are among the key players in the market.