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    CBD Skin Care Products Market Report

    CBD Skin Care Products Market Report
    Report code - SRHL330 Delivery - 2 Weeks
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    Global CBD Skin Care Products Market, Trends, Dynamics, and Market Analysis
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    Impact of COVID-19 on CBD Skin Care Products Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on CBD Skin Care Products Market

    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.

    Market Insights

    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.

    Figure: Global CBD Skin Care Products Market Size, 2020-2026 (USD Million)

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    What are CBD Skin Care Products?

    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

    Key players operating in the global CBD Skin Care Products market are-

    • 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).

    Market Dynamics

    The global market growth is primarily driven by increasing usage of CBD in skincare products with rising consumer awareness about its benefits.

    • It possesses antioxidant properties which help in counteracting aging signs.
    • Thus, increasing demand for anti-aging skincare products is likely to add to the market growth substantially.
    • Growing emphasis on the development of new skincare products using CBD as an ingredient is likely to propel the market growth further.
    • The growing popularity of CBD skincare products in developing countries is likely to create lucrative opportunities for the market players during the review period.

    Segment Analysis

    Type Trends

    Based on type, the market has been divided into oil, serums, moisturizers & cream, cleansers, sunscreens, and others.

    • The CBD-based skincare oil segment accounted for the largest market share of more than 35% in 2020.
    • The segment growth can be attributed to its anti-inflammatory and antioxidant properties which help to treat various skin-related conditions such as aging and wrinkles.

    Regional Trends

    The market in North America accounted for the largest share in 2020 and is projected to register significant growth during the review period.

    • The regional market growth can be attributed to the high adoption rate of CBD-based products coupled with the legalization of marijuana and the presence of various key market players such as Cannuka, LLC (The U.S) and The CBD Skincare. co (The U.S).
    • The market in the Asia-Pacific region is projected to register the fastest growth rate on account of rising consumer awareness about the benefits of CBD-based skincare products.

    COVID-19 Impact on Global CBD Skin Care Products Market

    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.

    Critical Questions Answered in the report -

    • What are the key trends in the global CBD Skin Care Products market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global CBD Skin Care Products market?
    • What are the key strategies adopted by the major vendors to lead in the global CBD Skin Care Products market?
    • What is the market share of the top vendors?

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    Target Audience

    • CBD skin care products distributors
    • CBD skin care products suppliers
    • CBD skin care products manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

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