CBD Skin Care Market Overview
The CBD Skin Care Market Size was estimated at 3.29 (USD Billion) in 2022. The CBD Skin Care Market Industry is expected to grow from 3.96(USD Billion) in 2023 to 20.6 (USD Billion) by 2032. The CBD Skin Care Market CAGR (growth rate) is expected to be around 20.12% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key CBD Skin Care Market Trends Highlighted
Key market drivers include rising awareness of CBD's therapeutic benefits and growing demand for natural and organic skincare products. Increasing legalization of cannabis in various countries and regions is also expanding the market for CBD skincare.Opportunities for exploration lie in the development of innovative product formulations that target specific skin concerns, such as anti-aging, acne, and eczema. Partnerships with healthcare professionals and skincare clinics can enhance credibility and reach a wider customer base.Recent trends in the CBD skincare market include the rise of full-spectrum CBD products, which harness the entourage effect to maximize therapeutic benefits. Additionally, the integration of nanotechnology is improving the bioavailability and efficacy of CBD skincare formulations. The trend towards sustainable and eco-friendly packaging is also gaining traction in this market.
CBD Skin Care Market Drivers
Rising Consumer Awareness of the Benefits of CBD
In recent years, there has been a growing awareness of the potential benefits of CBD for skin care. CBD is a natural compound found in cannabis that has been shown to have anti-inflammatory, antioxidant, and antibacterial properties. These properties make CBD an ideal ingredient for skin care products, as it can help to soothe and protect the skin from damage. Consumers are increasingly looking for natural and effective skin care products, and CBD fits this demand.As a result, the demand for CBD skin care products is expected to continue to grow in the coming years. The rising consumer awareness of the benefits of CBD is one of the most important market drivers for the CBD Skin Care Market Industry. This is because it is leading to an increase in demand for CBD skin care products. As the demand for CBD skin care products increases, so too will the size of the market. In addition to the rising consumer awareness of the benefits of CBD, there are a number of other factors that are contributing to the growth of the CBD Skin Care Market Industry.These factors include The increasing legalization of cannabis in many countries The growing popularity of natural and organic skin care products The development of new and innovative CBD skin care products The combination of these factors is expected to drive the CBD Skin Care Market Industry to reach a value of USD 20.6 billion by 2032. This represents a CAGR of 20.12% over the forecast period.
Growing Popularity of CBD-Infused Cosmetics
CBD-infused cosmetics are becoming increasingly popular as consumers seek out natural and effective ways to improve their appearance. CBD has been shown to have a number of benefits for the skin, including reducing inflammation, protecting against free radical damage, and improving skin hydration. As a result, CBD is being added to a wide range of cosmetic products, including moisturizers, serums, masks, and makeup. These products are designed to provide a variety of benefits, such as reducing wrinkles, improving skin tone, and protecting against sun damage. The growing popularity of CBD-infused cosmetics is another important market driver for the CBD Skin Care Market Industry.This is because it is leading to an increase in demand for CBD-infused skin care products. As the demand for CBD-infused skin care products increases, so too will the size of the market.
Expansion of the Legal Cannabis Industry
The expansion of the legal cannabis industry is also contributing to the growth of the CBD Skin Care Market Industry. This is because it is making CBD more accessible to consumers. As more and more countries legalize cannabis, the number of people who are using CBD is increasing. This, in turn, is leading to an increase in the demand for CBD skin care products. As the demand for CBD skin care products increases, so too will the size of the market.
CBD Skin Care Market Segment Insights
CBD Skin Care Market Product Type Insights
The CBD Skin Care Market is segmented by Product Type into Creams and Lotions, Serums, Masks, Oils, and Others. Among these segments, Creams and Lotions held the largest market share in 2023, accounting for over 40% of the market revenue. The popularity of creams and lotions can be attributed to their ease of application, long shelf life, and versatility in treating a wide range of skin concerns. Serums are projected to witness the highest CAGR of 22.5% during the forecast period, owing to their high concentration of active ingredients, quick absorption, and ability to target specific skin issues.Masks are also gaining popularity due to their intensive hydration and deep cleansing properties, leading to a projected CAGR of 19.8% over the forecast period. Oils, such as hemp seed oil and jojoba oil, are gaining traction for their nourishing and anti-inflammatory benefits, resulting in a projected CAGR of 20.2% during the forecast period. The Others segment, which includes products such as balms, gels, and toners, is expected to grow at a CAGR of 18.7% due to its diverse offerings and ability to meet specific skin care needs. Overall, the Product Type segment of the CBD Skin Care Market is highly dynamic and diverse, with each segment catering to specific skin care needs and preferences.The market growth is driven by increasing consumer awareness about the benefits of CBD for skin health, rising demand for natural and organic skin care products, and growing disposable income in emerging markets.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
CBD Skin Care Market Ingredient Source Insights
The CBD Skin Care Market segmentation by Ingredient Source includes Hemp-Derived CBD, Cannabis-Derived CBD, Broad-Spectrum CBD, and Full-Spectrum CBD. Hemp-Derived CBD is anticipated to hold the largest CBD Skin Care Market share due to its legal status in many countries and its wide availability. Cannabis-Derived CBD is expected to witness a steady growth rate over the forecast period due to its increasing popularity among consumers seeking therapeutic benefits. Broad-Spectrum CBD is gaining traction as it offers a wider range of cannabinoids compared to Hemp-Derived CBD, while Full-Spectrum CBD is expected to account for a significant share due to its higher potency and effectiveness.The CBD Skin Care Market revenue for Ingredient Source is projected to reach USD 5.6 billion by 2027, growing at a CAGR of 21.2%.
CBD Skin Care Market Formulation Insights
Formulation segment plays a critical role in driving the CBD Skin Care Market revenue. Natural and organic formulations are witnessing a surge in demand, owing to increasing consumer preference for natural and sustainable products. The CBD Skin Care Market data shows that the natural segment is projected to grow at a CAGR of 15.2% during the forecast period. Organic formulations, certified by organizations such as USDA and ECOCERT, are also gaining traction due to their perceived benefits for skin health. Synthetic formulations, on the other hand, are expected to experience moderate growth, owing to their lower cost and wider availability.However, concerns regarding the potential long-term effects of synthetic ingredients on skin health may hinder the growth of this segment. Vegan and cruelty-free formulations are also gaining popularity among consumers who are seeking ethical and sustainable skincare products. The CBD Skin Care Market segmentation data indicates that the vegan segment is expected to grow at a CAGR of 12.5%, while the cruelty-free segment is projected to grow at a CAGR of 10.5% during the forecast period.
CBD Skin Care Market Application Insights
The application segment plays a crucial role in shaping the CBD Skin Care Market landscape, with each application catering to specific skincare concerns. Among the key applications, anti-aging holds a significant market share, driven by the rising demand for products that address wrinkles, fine lines, and age spots. The increasing awareness of the benefits of CBD for skin health, coupled with the growing population of aging consumers, is expected to fuel the growth of the anti-aging segment. Acne, eczema, psoriasis, and rosacea are other prominent applications, as CBD's anti-inflammatory and antibacterial properties offer potential benefits for these conditions.The "Others" category encompasses a wide range of applications, including skin lightening, brightening, and moisturizing, further contributing to the overall market growth.
CBD Skin Care Market Distribution Channel Insights
The CBD Skin Care Market has been segmented based on the distribution channel into online retailers, brick-and-mortar stores, direct-to-consumer, spas and salons. Among these segments, online retailers are expected to hold the largest market share in 2023, owing to the increasing popularity of e-commerce platforms such as Amazon and the convenience of shopping from home. The CBD Skin Care Market for online retailers is projected to reach USD 4.32 Billion by 2026, exhibiting a CAGR of 22.4% during the forecast period. Brick-and-mortar stores are another important distribution channel for the CBD Skin Care Market, accounting for a significant market share.Brick-and-mortar stores offer consumers the opportunity to physically examine products before purchasing them, which is important for products like CBD Skin Care that are often used on the face. The CBD Skin Care Market for brick-and-mortar stores is expected to reach USD 3.16 Billion by 2026, growing at a CAGR of 18.9% during the forecast period. Direct-to-consumer sales are also gaining popularity in the CBD Skin Care Market. Direct-to-consumer sales allow brands to sell their products directly to consumers through their own websites or online marketplaces.This channel ofurace brands greater control over their branding and pricing, and also allows them to build stronger relationships with their customers. The CBD Skin Care Market for direct-to-consumer sales is projected to reach USD 2.44 Billion by 2026, growing at a CAGR of 20.1% during the forecast period. Spas and salons represent another important distribution channel for the CBD Skin Care Market. Spas and salons offer consumers a relaxing and pampering experience, and they are often seen as a place to indulge in self-care. The CBD Skin Care Market for spas and salons is expected to reach USD 1.96 Billion by 2026, growing at a CAGR of 17.8% during the forecast period.
CBD Skin Care Market Regional Insights
The CBD Skin Care Market exhibits significant regional variations in terms of market size and growth prospects. North America is anticipated to dominate the market throughout the forecast period, owing to the rising demand for CBD-infused skincare products and the presence of a large number of established players. Europe follows closely behind, with a growing awareness of the benefits of CBD for skin health and increasing regulatory support for its use. APAC is poised to witness the fastest growth over the next decade, driven by the rising disposable income and increasing urbanization in countries like China and India.South America and MEA are expected to experience steady growth, with increasing consumer awareness and the expansion of distribution channels. By 2024, the CBD Skin Care Market revenue is projected to reach USD 5.26 billion, with a significant contribution from these key regions.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
CBD Skin Care Market Key Players And Competitive Insights
Major players in CBD Skin Care Market industry are focusing on developing innovative products and expanding their distribution channels to cater to the growing demand for CBD-based skincare products. Leading CBD Skin Care Market players are investing heavily in research and development to create new and improved products that meet the specific needs of consumers. The competitive landscape of the CBD Skin Care Market is characterized by the presence of both established and emerging players. Key players in the market include companies such as The Estee Lauder Companies Inc., Johnson & Johnson, Procter & Gamble, L'Oréal S.A., and Unilever.CBD Skin Care Market development is being driven by the increasing popularity of CBD as a natural ingredient for skincare products. Consumers are becoming more aware of the potential benefits of CBD for skin health, such as its anti-inflammatory, antioxidant, and antibacterial properties. This has led to a growing demand for CBD-based skincare products from consumers of all ages and skin types. The CBD Skin Care Market is expected to continue to grow rapidly in the coming years, as more consumers discover the benefits of CBD for skin health.CBD Skin Care Market Competitive Landscape is expected to intensify in the coming years as more companies enter the market. New entrants are likely to focus on developing innovative products and marketing strategies to differentiate themselves from established players. Established players, on the other hand, are likely to focus on expanding their product portfolios and distribution channels to maintain their market share. The competitive landscape is also likely to be influenced by government regulations and the availability of CBD from legal sources.
Key Companies in the CBD Skin Care Market Include
- Curaleaf
- Charlotte's Web
- Lord Jones
- Kiara Naturals
- Papa Barkley
- Receptra Naturals
- Green Roads
- Medterra
- Dixie Botanicals
- Elixinol
- Joy Organics
- Cannuka
- Lazarus Naturals
- Prima
- Nuleaf Naturals
CBD Skin Care Market Industry Developments
The CBD skincare market is projected to reach $20.6 billion by 2032, exhibiting a CAGR of 20.12% during the forecast period (2024-2032). Increasing consumer awareness about the benefits of CBD for skin health, growing disposable income, and rising demand for natural and organic skincare products are major factors driving market growth. Recent news developments include the launch of new CBD skincare products by major cosmetics companies and the legalization of CBD in several countries. Key market players are focusing on product innovation, research and development, and strategic partnerships to gain a competitive edge.
CBD Skin Care Market Segmentation Insights
CBD Skin Care Market Product Type Outlook
- Creams and Lotions
- Serums
- Masks
- Oils
- Others
CBD Skin Care Market Ingredient Source Outlook
- Hemp-Derived CBD
- Cannabis-Derived CBD
- Broad-Spectrum CBD
- Full-Spectrum CBD
CBD Skin Care Market Formulation Outlook
- Natural
- Organic
- Synthetic
- Vegan
- Cruelty-Free
CBD Skin Care Market Application Outlook
- Anti-Aging
- Acne
- Eczema
- Psoriasis
- Rosacea
- Others
CBD Skin Care Market Distribution Channel Outlook
- Online Retailers
- Brick-and-Mortar Stores
- Direct-to-Consumer
- Spas and Salons
CBD Skin Care Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.29(USD Billion) |
| Market Size 2023 |
3.96(USD Billion) |
| Market Size 2032 |
20.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
20.12% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Curaleaf, Charlotte's Web, Lord Jones, Kiara Naturals, Papa Barkley, Receptra Naturals, Green Roads, Medterra, Dixie Botanicals, Elixinol, Joy Organics, Cannuka, Lazarus Naturals, Prima, Nuleaf Naturals |
| Segments Covered |
Product Type, Ingredient Source, Formulation, Application, Distribution Channel, Regional |
| Key Market Opportunities |
Growing consumer demand for natural skincare products Increasing awareness of CBDs potential skincare benefits Expanding product offerings from leading skincare brands Growing popularity of online retail channels for CBD skincare products Expanding geographic reach of CBD skincare products particularly in emerging markets |
| Key Market Dynamics |
Rising consumer awareness Increasing demand for natural skincare Growing investment in research and development Expanding retail channels Evolving regulatory landscape |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The CBD Skin Care Market size was valued at USD 3.96 Billion in 2023 and is projected to reach USD 20.6 Billion by 2032, exhibiting a CAGR of 20.12% during the forecast period.
Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. North America held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period.
CBD is widely used in skin care products for its anti-inflammatory, antioxidant, and moisturizing properties. It is commonly used in products like lotions, creams, serums, and masks to address various skin concerns such as acne, eczema, and wrinkles.
The key competitors in the CBD Skin Care Market include Canopy Growth Corporation, Charlotte's Web Holdings, Inc., Elixinol Limited, ENDOCA ApS, Green Roads, Inc., GW Pharmaceuticals plc, Medical Marijuana, Inc., MedMen Enterprises Inc., and Tilray, Inc.
The growth of the CBD Skin Care Market is primarily driven by the increasing consumer awareness about the therapeutic benefits of CBD, rising demand for natural and organic skin care products, and growing legalization of cannabis in various countries.
The key challenges faced by the CBD Skin Care Market include regulatory uncertainties, lack of standardized dosage guidelines, and limited availability of high-quality CBD extracts.
The CBD Skin Care Market is projected to grow at a CAGR of 20.12% from 2023 to 2032.
The CBD Skin Care Market is expected to reach USD 20.6 Billion by 2032.
North America is expected to hold the largest market share in the CBD Skin Care Market throughout the forecast period.
Key trends shaping the CBD Skin Care Market include the growing popularity of CBD-infused cosmetics, increasing consumer demand for personalized skin care products, and advancements in CBD extraction and formulation technologies.
