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Report
CBD Skin Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 148 Pages I IMARC Group
Market Overview:
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.
Cannabidiol (CBD) is a natural compound found in Cannabis sativa plants, which includes marijuana and hemp plants. It is extracted in the form of powder and is usually used for various skin care purposes. It is commonly mixed with oils, including coconut, olive, or hemp oil, to increase the effectiveness of CBD in varied applications. The skincare and personal care products infused with CBD possess various beneficial skin-soothing, relaxing, anti-anxiety, pain-relieving, anti-inflammatory, hydrating, and antioxidant properties that aid in treating dry skin and certain inflammatory skin disorders. These products also help in enhancing sleep patterns and managing skin diseases such as psoriasis, eczema, and pimples.
CBD Skin Care Market Trends:
Growing awareness among the masses about the benefits of CBD skin care products across the globe is creating a positive outlook for the market. CBD products are widely used among consumers with dermatological disorders, such as sensitivity, inflammation, acne, and dryness. In line with this, the strong inflammatory properties of CBD help lower the life span of breakouts and eczema flare-ups while promoting the skin's natural healing process, which, in turn, is favoring the market growth. Additionally, the legalization of cannabis for medical and recreational purposes is acting as another growth-inducing factor. Apart from this, the growing focus on minimizing production costs and introducing sustainable methods for the development of CBD skin care products to ensure optimum and judicious use of resources is providing an impetus to the market growth. Moreover, the widespread product utilization, as it helps in the proper functioning of the endocannabinoid system responsible for balancing various crucial functions of the skin, including oil production and melanocyte production, is positively influencing the market growth. Besides this, the rising expenditure capacities of consumers and surging funding from various governments to expand the future growth of CBD skin care are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global CBD skin care market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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'Oreal S.A.), Lord Jones, Medical Marijuana Inc. and Myaderm.
Key Questions Answered in This Report:
How has the global CBD skin care market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global CBD skin care market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the source?
What is the breakup of the market based on the price range?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global CBD skin care market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global CBD Skin Care Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product Type
6.1Oils
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Lotion and Creams
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Masks and Serums
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Bath and Soaps
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Source
7.1Hemp
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Marijuana
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Price Range
8.1Economic
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Premium
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1Hypermarkets and Supermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Departmental Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4Retail Pharmacies
9.4.1 Market Trends
9.4.2 Market Forecast
9.5Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.1Aurora Cannabis Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2Cannuka LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3Canopy Growth Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4Curaleaf Holdings Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5Dixie Brands Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6Earthly Body
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7Elixinol Wellness Limited
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8High Tide Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9Kapu Maku LLC (Populum)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10Kiehl's LLC (L'Oreal S.A.)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11Lord Jones
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12Medical Marijuana Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13Myaderm
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
Figure 1: Global: CBD Skin Care Market: Major Drivers and Challenges
Figure 2: Global: CBD Skin Care Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: CBD Skin Care Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: CBD Skin Care Market: Breakup by Product Type (in %), 2022
Figure 5: Global: CBD Skin Care Market: Breakup by Source (in %), 2022
Figure 6: Global: CBD Skin Care Market: Breakup by Price Range (in %), 2022
Figure 7: Global: CBD Skin Care Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: CBD Skin Care Market: Breakup by Region (in %), 2022
Figure 9: Global: CBD Skin Care (Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: CBD Skin Care (Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: CBD Skin Care (Lotion and Creams) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: CBD Skin Care (Lotion and Creams) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: CBD Skin Care (Masks and Serums) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: CBD Skin Care (Masks and Serums) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: CBD Skin Care (Bath and Soaps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: CBD Skin Care (Bath and Soaps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: CBD Skin Care (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: CBD Skin Care (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: CBD Skin Care (Hemp) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: CBD Skin Care (Hemp) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: CBD Skin Care (Marijuana) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: CBD Skin Care (Marijuana) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: CBD Skin Care (Economic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: CBD Skin Care (Economic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: CBD Skin Care (Premium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: CBD Skin Care (Premium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: CBD Skin Care (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: CBD Skin Care (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: CBD Skin Care (Departmental Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: CBD Skin Care (Departmental Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: CBD Skin Care (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: CBD Skin Care (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: CBD Skin Care (Retail Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: CBD Skin Care (Retail Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: CBD Skin Care (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: CBD Skin Care (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: CBD Skin Care Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: CBD Skin Care Industry: SWOT Analysis
Figure 87: Global: CBD Skin Care Industry: Value Chain Analysis
Figure 88: Global: CBD Skin Care Industry: Porter's Five Forces Analysis
Table 1: Global: CBD Skin Care Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: CBD Skin Care Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: CBD Skin Care Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: CBD Skin Care Market Forecast: Breakup by Price Range (in Million US$), 2023-2028
Table 5: Global: CBD Skin Care Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: CBD Skin Care Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: CBD Skin Care Market: Competitive Structure
Table 8: Global: CBD Skin Care Market: Key Players
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