CBD Skincare Products Market Overview
The worldwide CBD Skincare Products Market is projected to expand the market size by approximately USD 8.86 Billion by the end of the year 2030. Further, the global market for CBD Skincare Products is estimated to register the market value at a CAGR of 5.50% between the forecast period of 2022 to 2030. In general, CBD products are popularly used for their different medical and healing properties.
Recently, the World Health Organization has announced that CBD is potentially not harmful to the human body. This is estimated to fuel the market growth. Moreover, the global CBD Skincare Products Market is driving due to the rising adoption of CBD professional skin care products among the users. Apart from these, many key players are involved in the CBD Skincare Products industry who are adopting new strategies like expansions, joint ventures, acquisitions, launching new products, agreements, partnerships, and other sources to thrive the global market growth in the forecast period.
As per the global CBD Skincare Products Market, the current market has been segmented based on the source and product type. Further, the source segment has been classified into marijuana and hemp. Based on the product type segment, the global market for CBD Skincare Products has been segregated into lotion and creams, bath and soaps, masks and serums, and others. Regionally, the global market for CBD Skincare Products has been divided into various areas like North America, Middle East Africa, Europe, and South America. Out of all, the North American market for CBD Skincare Products is projected to lead the global market during the assessment timeframe.
In May 2021, the prominent market player Canopy Growth Corporation purchased the production of CBD and hemp. These products are distributed and produced based on their growth rate. Likely, the company could provide more products in the CBD skincare products market share and strengthen its position across the market.
|Market Size||8.86 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type, Category, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kiehl’s, Cannuka, LLC, Elixinol Global ltd, Medical Marijuana, ENDOCA, Lord Jones, The CBD Skincare Co, LEEF Organics, Josie Maran Cosmetics, CBD for life, Kana Skincare, Apothecana, Pacific Roots, LLC, FOLIUM BIOSCIENCES, Ecogen labs, Nordic oil, Sativa|
|Key Market Opportunities||Rising adoption of CBD professional skin care products|
|Key Market Drivers||Increase In Adoption of CBD Professional Skincare Products|
CBD skincare products market is projected to grow at a 5.50% CAGR between 2022-2030.
North America is expected to dominate the CBD Skincare Products Market.
Kiehl’s, Cannuka, LLC, Elixinol Global ltd, Medical Marijuana, ENDOCA, Lord Jones, The CBD Skincare Co, LEEF Organics, Josie Maran Cosmetics, CBD for life, Kana Skincare, Apothecana, Pacific Roots, LLC, FOLIUM BIOSCIENCES, Ecogen labs, Nordic oil, Sativa are the key players profiled in the CBD skincare products market.
Moisturizers and creams will lead the CBD Skincare Products Market.
High product cost and strict regulations may limit the CBD Skincare Products Market.
CBD Skincare Products Market is predicted to touch USD 8.86 Billion by 2030.