CBD Skin Care Market Overview 2023-2028

Cannabidiol (CBD) is a naturally occurring compound found in Cannabis sativa plants, including marijuana and hemp. It is extracted as a powder and commonly used for various skincare purposes. To enhance its effectiveness, CBD is often combined with oils like coconut, olive, and hemp oil. Skincare and personal care products infused with CBD offer a range of benefits, including soothing and relaxing the skin, reducing anxiety, relieving pain and inflammation, hydrating the skin, and providing antioxidant properties. These products are particularly helpful in treating dry skin and certain inflammatory skin disorders. Additionally, they can improve sleep patterns and assist in managing skin conditions such as psoriasis, eczema, and acne.

How big is the Global CBD Skin Care 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.

CBD Skin Care Market Trends and Drivers:

The CBD skin care market is experiencing significant growth due to the increasing consumer awareness of personal grooming. The market is further fueled by the rising prevalence of dermatological disorders such as sensitivity, inflammation, acne, and dryness. CBD's anti-inflammatory properties contribute to reducing the duration of breakouts and eczema flare-ups, while also supporting the skin's natural healing process, thereby driving market growth.

The legalization of cannabis for both medical and recreational purposes, along with the efforts of leading manufacturers to reduce production costs, are additional factors boosting the market. Moreover, the introduction of sustainable methods in the production of CBD products, ensuring efficient and responsible resource utilization, is also driving the global market.

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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 has 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

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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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