The Global CBD Skin Care Market is valued at around USD 2,359.5 million in 2022 and is expected to reach USD 10,376.4 million by 2030, registering a CAGR of 28% over the forecast period. Cannabis sativa plants, which include hemp and marijuana plants, contain the natural chemical cannabidiol (CBD). It is often utilized for a variety of skin care applications and is extracted as a powder. To boost the efficiency of CBD in a variety of applications, it is frequently combined with oils, such as coconut, olive, or hemp oil. The CBD-infused skincare and personal care items have a variety of advantageous skin-soothing, calming, anxiety-relieving, pain-relieving, anti-inflammatory, moisturizing, and antioxidant characteristics that help treat dry skin and some inflammatory skin problems.

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Industry Trends for CBD Skin Care Products

Growing consumer knowledge of the possible therapeutic benefits and calming effects of CBD is encouraging the purchase of various skin care products infused with CBD, such as masks, balms, and lotions. For example, psoriasis and eczema are conditions that CBD oil is used to treat. It is also used to reduce skin sensitivity and irritation.
Businesses are investing in CBD cosmetics and skin care products in greater numbers to make their offerings more competitive.

increasing number of businesses entering the sector because of its high level of profitability.
More customers should view CBD products more honestly and be willing to utilize them as more studies demonstrating their benefits come to light.

(CBD) Skin Care Market Scope

 

The Global Cannabidiol (CBD) Skin Care Market is experiencing significant growth, driven by increasing consumer awareness of the therapeutic properties of CBD in skincare products. CBD's anti-inflammatory, antioxidant, and hydrating properties make it a popular ingredient in skincare formulations. The market is witnessing a surge in product innovation, with a wide range of CBD-infused skincare products such as creams, oils, serums, and masks. Moreover, the legalization of CBD in various regions, coupled with changing consumer preferences towards natural and organic skincare products, is further boosting market growth. As a result, the Global CBD Skincare Market shows promising scope and potential for expansion.

CBD Skin Care Market Segmentation:

On the basis of type, the market is segmented into:
• Oil
• creams and moisturizers
• masks and serums
• cleansers
• others

On the basis of application, the market segmented into:
• mass market
• smoke shops
• e-commerce
• Others

On the basis of distribution, the market segmented into:
• Online sales
• Offline sales
• Others.

The CBD Skin Care Market Worldwide: A Regional Overview

The CBD skin care market in North America was leading the world in both market share and revenue, and this trend is expected to continue between 2022 and 2029. The expansion of the marijuana market in this region is attributed to the legalization of the drug in both Canada and the US, as well as the existence of several significant businesses.

Global Competitive Environment for the CBD Skin Care Market 

As more businesses enter the market, the competition in the CBD skin care sector is getting fiercer. In addition, partnerships, collaborations, and mergers and acquisitions are characteristics of the competitive landscape in the CBD skin care industry, as businesses look to broaden their product offerings and distribution systems. It is expected that as the industry expands, more businesses will enter it, increasing competition. 

Leading Companies in the World Market for CBD Skin Care:

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, and others. 

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• The competitive landscape, which includes the top players' market rankings as well as new service and product launches, collaborations, business expansions, and acquisitions made by the companies under profile throughout the previous five years

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