CBD Skin Care Products Market Report
The report on the Global CBD Skin Care Products Market is segmented by Source (Hemp, Marijuana), By Type (Oil, Serums, Moisturizers & Cream, Cleansers, Sunscreens, Others), By Distribution Channel (Online, Offline), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global CBD Skin Care Products market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global CBD Skin Care Products Market is segmented by Source (Hemp, Marijuana), By Type (Oil, Serums, Moisturizers & Cream, Cleansers, Sunscreens, Others), By Distribution Channel (Online, Offline), and Region. ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global CBD Skin Care Products Market is estimated to grow from USD 407.3 million in 2020 to USD 1,929.2 million by 2026 at a healthy CAGR of 30.1% during the forecast period.
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.
Key players operating in the global CBD Skin Care Products market are-
The global market growth is primarily driven by increasing usage of CBD in skincare products with rising consumer awareness about its benefits.
Based on type, the market has been divided into oil, serums, moisturizers & cream, cleansers, sunscreens, and others.
The market in North America accounted for the largest share in 2020 and is projected to register significant growth during the review period.
The global beauty & personal care industry has been hit hard due to the outbreak of coronavirus. The outbreak resulted in the enforcement of lockdown which affects the supply chain and manufacturing of cosmetics. Also, consumer spending on cosmetics declined during the lockdown period. However, online sales of the product increased during the pandemic post-lift of lockdown.
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The CBD skin care products market size is expected to reach USD 1,929.2 million in the foreseeable future.
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 CBD skin care products market.
The CBD skin care products market is expected to witness an impressive growth of 30.1% CAGR in the coming years.
Increasing usage of CBD in skincare products with rising consumer awareness about its benefits, increasing demand for anti-aging skincare products, growing popularity of CBD skincare products in developing countries are the factors driving the growth of CBD skin care products market.
The CBD-based skincare oil segment accounted for the largest market share of more than 35% in 2020.
Asia-pacific is expected to register the fastest growth in the CBD skin care products market during the next five years.
CBD skin care products distributors, CBD skin care products suppliers, CBD skin care products manufacturers, Logistics organizations, Government bodies are the target audience in the CBD skin care products market.