Authored By: Sarah
11 Jul 2024

 Cannabidiol (Cbd) Skin Care Market to grow by USD 5023 million between 2024-2028

According to a research report “ Cannabidiol (Cbd) Skin Care Market” by Type (Oils, Cream moisturizer and cleanser, Mask serum and lotion) Source (Hemp, Marijuana) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5023 million at a CAGR of  38.64% during the forecast period. In the burgeoning CBD skincare market, Cannabidiol (CBD), a non-intoxicating compound derived from hemp or marijuana, is a coveted ingredient. Its popularity stems from its multifaceted benefits for the skin. CBD's anti-inflammatory properties make it an ideal addition to skincare products catering to acne-prone consumers. This non-intoxicating cannabinoid's increasing recognition in the global marketplace is fueled by its ability to address various skin concerns, contributing significantly to the growth of the CBD skincare industry..

Browse market data tables, figures, and in-depth TOC on “Cannabidiol (Cbd) Skin Care Market” by Type (Oils, Cream moisturizer and cleanser, Mask serum and lotion) Source (Hemp, Marijuana) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028.

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By Type, the Oils segment is projected to dominate the market size in 2024.

In the burgeoning Cannabidiol (CBD) skin care market, hemp-derived products are gaining significant traction due to their unique composition of cannabinoids, terpenes, essential fatty acids, and essential nutrients. These elements contribute to the production of high-performing skincare solutions. Notably, CBD hemp oil is a standout product, renowned for its ability to enhance skin health and address various skin disorders. The escalating consumer awareness and demand for these beneficial skincare offerings are projected to fuel market expansion substantially throughout the forecast period.

By Source, Hemp  segment is expected to hold the largest market size for the year 2024.

The CBD skincare market is poised for significant growth due to increasing consumer consciousness regarding the product's benefits for the skin. CBD oil's ability to reduce skin redness and inflammation makes it an ideal solution for sensitive skin prone to allergens and conditions like eczema and dermatitis. Moreover, the Vitamin A content in CBD oil offers anti-aging properties, reducing wrinkles and shielding against UV damage. These advantages position CBD oil as a valuable asset in the skincare industry.

North America is forecasted to hold the largest market size by region in 2024.

In the burgeoning Cannabidiol (CBD) skincare market, businesses are capitalizing on the compound's anti-inflammatory and antioxidant properties to develop innovative products. These offerings cater to various skin concerns, including acne, aging, and eczema. By integrating CBD into their formulations, companies are differentiating themselves and addressing the growing consumer demand for effective, natural solutions.

The Cannabidiol (Cbd) Skin Care Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Blessed CBD
  • Cannuka LLC
  • CBD For Life
  • Charlottes Web Holdings Inc.
  • Dixie Brands
  • Earthly Body Inc.
  • Elixinol Wellness Ltd.
  • Endoca BV
  • High Tide Inc.
  • Isodiol International Inc.
  • Josie Maran Cosmetics LLC
  • Kana Skincare
  • Kush Creams
  • Leef Organics Ltd.
  • LOreal SA
  • Myaderm Inc.
  • Nordic Organics Inc.
  • Redwood Wellness LLC
  • The CBD Skincare Co
  • Vertly LLC
.

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Research Analysis Overview

In the realm of consumer behavior, the non-intoxicating compound, Cannabidiol (CBD), has emerged as a popular ingredient in various skincare products. The production and consumption analysis of CBD oil and related items reveal a significant market growth. CBD, derived from Cannabis plants, interacts with the endocannabinoid system, influencing cognitive functions, memory, mood, and physiological functions. For working professionals with sensitivity to skin irritation, eczema, or psoriasis, CBD skin care products offer potential relief from inflammation and anxiety. These conditions can impact an individual's spending capacity and overall well-being. CBD oil masks, balms, and creams have gained popularity due to their potential benefits for skin care. Regulation of CBD in skincare products is an ongoing process, ensuring the production and consumption of quality products. CBD's potential impact on cognitive functions and mood, in addition to its anti-inflammatory properties, makes it a valuable addition to the skincare market. In summary, the CBD skin care market caters to the needs of consumers seeking relief from various skin conditions and the desire for high-quality, non-intoxicating skincare products.

Market Research Overview

In the realm of luxury clean beauty, the Cannabidiol (CBD) skin care market has emerged as a significant player, particularly among consumers seeking effective solutions for transit limitations such as peeling, itching, and skin swelling. The demand for CBD-infused products stems from their antioxidant properties, which contribute to skin care purposes. Cannabis plants, rich in cannabinoids, are the primary source of CBD. THC content is minimized in these products to ensure reliability and affordability for working professionals with sensitivity to skin irritation, including those suffering from eczema and psoriasis. Product development in this sector is driven by consumer behavior and the commercialization of cannabis-based cosmetics, including chapsticks, sunscreens, cleansers, moisturizers, and masks. CBD oil, balms, and creams have gained popularity due to their potential benefits for aging, acne, and various skin conditions. The cannabis ODM (original design manufacturing) market and skin-lightening products market are experiencing growth, fueled by the increasing internet penetration and product innovations. Regulation plays a crucial role in ensuring the quality of these products, addressing concerns related to memory, pain, mood, insomnia, anxiety, and inflammation. Green cosmetic products, such as those derived from hemp and turmeric, are gaining traction in the market due to their sustainability and production cost advantages. Overall, the CBD skin care market is poised for continued growth, offering consumers a wide range of high-quality, effective, and innovative products.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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