Global CBD Skin Care Market Size, Share, Trends, Industry Growth by Product (Oils, Creams & Moisturizers, Masks & Serums, Cleansers, Others), by Source (Hemp, Marijuana), by Distribution Channel, by Region, and Forecast to 2029

Report ID: RC143842 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 29th, 2023

The global CBD skin care market size was accounted to hold significant revenue of around USD 1 billion in 2022 and estimated to grow at a higher CAGR of over 30% during the forecast period from 2023 to 2029. The rising awareness among consumers of the benefits associated with CBD skin care products is a major factor driving the market growth. Furthermore, the legalization of cannabis cultivation in various countries is further anticipated to boost market growth. Moreover, the increasing investment in research & development by the public and private sectors, the development of new products, and the rising government-supportive policies are projected to propel the market over the forecast period.

Market Drivers:

Growing acceptance and legalization of CBD: The increasing acceptance and legalization of CBD (cannabidiol) in many countries and regions have opened up opportunities for the use of CBD in various industries, including skincare. As regulatory barriers are lifted, more consumers are becoming aware of CBD’s potential benefits for skin health, leading to increased demand for CBD-infused skincare products.

Increasing consumer interest in natural and organic skincare: There is a growing trend among consumers to opt for natural and organic skincare products. CBD, derived from the hemp plant, is perceived as a natural ingredient, and its potential benefits for skin health make it attractive to consumers seeking cleaner and greener skincare alternatives.

Rising awareness of CBD’s potential benefits for skin: CBD is believed to have various potential benefits for the skin, such as anti-inflammatory properties, antioxidant effects, and potential for soothing sensitive or irritated skin. As more research and anecdotal evidence emerge regarding CBD’s skincare benefits, consumers are showing interest in incorporating CBD-infused products into their skincare routines.

Increasing demand for wellness and self-care products: The wellness and self-care trends have gained momentum, with consumers seeking products that promote relaxation, stress relief, and overall well-being. CBD-infused skincare products align with these trends, as they are perceived to offer potential relaxation and self-care benefits, enhancing the overall skincare experience.

Growth in e-commerce and direct-to-consumer sales: The rise of e-commerce platforms and the direct-to-consumer sales model have provided a convenient way for CBD skincare brands to reach consumers directly. These channels allow brands to educate consumers about the benefits of CBD and provide easy access to CBD-infused skincare products, contributing to market growth.

Influence of social media and celebrity endorsements: Social media platforms play a significant role in influencing consumer preferences and purchasing decisions. The endorsement of CBD skincare products by influencers, celebrities, and beauty experts on social media platforms can significantly impact consumer awareness, perception, and adoption of CBD-infused skincare products.

Product innovation and research and development: CBD skincare brands are continuously innovating and developing new formulations and product formats to cater to evolving consumer needs and preferences. The development of advanced formulations, such as CBD-infused serums, creams, masks, and lotions, contributes to market growth by expanding the product offerings and attracting a broader consumer base.

Favorable regulatory environment and quality control standards: A supportive regulatory environment that establishes clear guidelines and quality control standards for CBD skincare products is crucial for market growth. As regulations evolve and quality standards are established, consumer confidence in the safety and efficacy of CBD skincare products increases, fostering market growth.

Market Snapshot:

Benchmark Year 2022
Market Size ~ USD 1 Billion in 2022
Market Growth (CAGR) > 30% (2023-2030)
Largest Market Share North America
Analysis Period 2020-2030
Market Players Cannuka, LLC, Earthly Body, Josie Maran, Kapu Maku LLC. (Populum), and Kiehl’s

Market Insights:

By product, the oil segment is expected to dominate the global CBD skin care market by 2029

The global CBD skincare market is bifurcated into product, source, distribution channel, and geography. On the basis of product, the market is further segmented into oils, creams & moisturizers, masks & serums, cleansers, and others. The oil segment dominated the global market in 2022 and anticipated to hold the largest market share of over 1/3 of the revenue share by 2029. The higher effectiveness of cannabis oil for various types of skin conditions such as aging, dryness, and acne is a significant factor driving the segment’s growth. Furthermore, technological advancement in the manufacturing process is further anticipated to fuel segment growth. On the other hand, the masks & serums segment is estimated to grow at the highest growth rate over the forecast period owing to the increasing demand for facial masks and serums.

By source, the hemp segment is expected to hold the largest market share by the end of the analysis period

On the basis of source, the market is segmented into hemp and marijuana. The hemp segment dominated the global CBD skin care market in 2022 and estimated to hold the largest revenue share of around 2/3 market share by the end of the analysis period. The hemp-infused product contains a high quantity of fatty acid, which helps to improve the aging factor and also provides moisturization-free radical protection, which is a significant factor to drive segment growth. It also helps reduce discomfort by soothing and rejuvenating dry and damaged skin. Furthermore, the anti-aging property of hemp-based products is further anticipated to propel the segment growth over the forecast period.

CBD Skin Care Market Size & Growth

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The CBD skin care comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2029. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The CBD skin care market research report presents the analysis of each segment from 2020 to 2029 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2029.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2029 – Forecast Period

Market Segmentation:

By Product:

  • Oils
  • Creams & Moisturizers
  • Masks & Serums
  • Cleansers
  • Others

By Source:

  • Hemp
  • Marijuana

By Distribution Channel:

  • Department Stores
  • Hypermarkets/Supermarkets
  • E-commerce
  • Retail Pharmacies
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

By region, North America dominated the global market owing to the increasing legalization of cannabis cultivation in the region

On the basis of region, North America dominated the global CBD skin care market in 2022 and expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The presence of a large consumer base and the legalization of cannabis cultivation in recent years are some major factors driving the market growth in the region. In Canada, the legal sales of marijuana in 2020 were about 2.6 billion Canadian dollars; with an increase of 120% since 2019. On the flip side, the Asia Pacific is anticipated to register the fastest CAGR over the forecast period.

Geographically, the CBD skin care market report comprises dedicated sections centering on the regional market revenue and trends. The CBD skin care market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The CBD skin care market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. CBD skin care market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2029.

Competitive Assessment:

Some of the major market players operating in the global CBD skin care market are Cannuka, LLC, Earthly Body, Josie Maran, Kapu Maku LLC. (Populum), and Kiehl’s. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Cannuka, LLC
  • Earthly Body
  • Josie Maran
  • Kapu Maku LLC. (Populum)
  • Kiehl’s
  • LEEF
  • Lord Jones
  • Sephora USA, Inc.
  • The CBD Skincare Co
  • Kush Creams

Key Questions Answered by CBD Skin Care Market Report

  • Global CBD skin care market forecasts from 2023-2029
  • Regional market forecasts from 2023-2029 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2029 covering 15 major countries from the regions as mentioned above
  • CBD skin care submarket forecasts from 2023-2029 covering the market by product, source, distribution channel, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level CBD skin care markets from 2023-2029
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global CBD Skin Care Market Portraiture
2.2. Global CBD Skin Care Market, by Product, 2022 (USD Mn)
2.3. Global CBD Skin Care Market, by Source, 2022 (USD Mn)
2.4. Global CBD Skin Care Market, by Distribution Channel, 2022 (USD Mn)
2.5. Global CBD Skin Care Market, by Geography, 2022 (USD Mn)

 

3. Global CBD Skin Care Market Analysis


3.1. CBD Skin Care Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global CBD Skin Care Market By Product, 2020 – 2029 (USD Mn)


4.1. Overview
4.2. Oils
4.3. Creams & Moisturizers
4.4. Masks & Serums
4.5. Cleansers
4.6. Others

 

5. Global CBD Skin Care Market By Source, 2020 – 2029 (USD Mn)


5.1. Overview
5.2. Hemp
5.3. Marijuana

 

6. Global CBD Skin Care Market By Distribution Channel, 2020 – 2029 (USD Mn)


6.1. Overview
6.2. Department Stores
6.3. Hypermarkets/Supermarkets
6.4. E-commerce
6.5. Retail Pharmacies
6.6. Others

 

7. North America CBD Skin Care Market Analysis and Forecast, 2020 – 2029 (USD Mn)


7.1. Overview
7.2. North America CBD Skin Care Market by Product, (2020-2029 USD Mn)
7.3. North America CBD Skin Care Market by Source, (2020-2029 USD Mn)
7.4. North America CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
7.5. North America CBD Skin Care Market by Country, (2020-2029 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. CBD Skin Care Market by Product, (2020-2029 USD Mn)
7.5.1.2. U.S. CBD Skin Care Market by Source, (2020-2029 USD Mn)
7.5.1.3. U.S. CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
7.5.2. Canada
7.5.2.1. Canada CBD Skin Care Market by Product, (2020-2029 USD Mn)
7.5.2.2. Canada CBD Skin Care Market by Source, (2020-2029 USD Mn)
7.5.2.3. Canada CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)

 

8. Europe CBD Skin Care Market Analysis and Forecast, 2020 - 2029 (USD Mn)


8.1. Overview
8.2. Europe CBD Skin Care Market by Product, (2020-2029 USD Mn)
8.3. Europe CBD Skin Care Market by Source, (2020-2029 USD Mn)
8.4. Europe CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
8.5. Europe CBD Skin Care Market by Country, (2020-2029 USD Mn)
8.5.1. Germany
8.5.1.1. Germany CBD Skin Care Market by Product, (2020-2029 USD Mn)
8.5.1.2. Germany CBD Skin Care Market by Source, (2020-2029 USD Mn)
8.5.1.3. Germany CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. CBD Skin Care Market by Product, (2020-2029 USD Mn)
8.5.2.2. U.K. CBD Skin Care Market by Source, (2020-2029 USD Mn)
8.5.2.3. U.K. CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
8.5.3. France
8.5.3.1. France CBD Skin Care Market by Product, (2020-2029 USD Mn)
8.5.3.2. France CBD Skin Care Market by Source, (2020-2029 USD Mn)
8.5.3.3. France CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
8.5.4. Spain
8.5.4.1. Spain CBD Skin Care Market by Product, (2020-2029 USD Mn)
8.5.4.2. Spain CBD Skin Care Market by Source, (2020-2029 USD Mn)
8.5.4.3. Spain CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
8.5.5. Italy
8.5.5.1. Italy CBD Skin Care Market by Product, (2020-2029 USD Mn)
8.5.5.2. Italy CBD Skin Care Market by Source, (2020-2029 USD Mn)
8.5.5.3. Italy CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe CBD Skin Care Market by Product, (2020-2029 USD Mn)
8.5.6.2. Rest of Europe CBD Skin Care Market by Source, (2020-2029 USD Mn)
8.5.6.3. Rest of Europe CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)

 

9. Asia Pacific CBD Skin Care Market Analysis and Forecast, 2020 - 2029 (USD Mn)


9.1. Overview
9.2. Asia Pacific CBD Skin Care Market by Product, (2020-2029 USD Mn)
9.3. Asia Pacific CBD Skin Care Market by Source, (2020-2029 USD Mn)
9.4. Asia Pacific CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
9.5. Asia Pacific CBD Skin Care Market by Country, (2020-2029 USD Mn)
9.5.1. China
9.5.1.1. China CBD Skin Care Market by Product, (2020-2029 USD Mn)
9.5.1.2. China CBD Skin Care Market by Source, (2020-2029 USD Mn)
9.5.1.3. China CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
9.5.2. Japan
9.5.2.1. Japan CBD Skin Care Market by Product, (2020-2029 USD Mn)
9.5.2.2. Japan CBD Skin Care Market by Source, (2020-2029 USD Mn)
9.5.2.3. Japan CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
9.5.3. India
9.5.3.1. India CBD Skin Care Market by Product, (2020-2029 USD Mn)
9.5.3.2. India CBD Skin Care Market by Source, (2020-2029 USD Mn)
9.5.3.3. India CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific CBD Skin Care Market by Product, (2020-2029 USD Mn)
9.5.4.2. Rest of Asia Pacific CBD Skin Care Market by Source, (2020-2029 USD Mn)
9.5.4.3. Rest of Asia Pacific CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)

 

10. Latin America (LATAM) CBD Skin Care Market Analysis and Forecast, 2020 - 2029 (USD Mn)


10.1. Overview
10.2. Latin America CBD Skin Care Market by Product, (2020-2029 USD Mn)
10.3. Latin America CBD Skin Care Market by Source, (2020-2029 USD Mn)
10.4. Latin America CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
10.5. Latin America CBD Skin Care Market by Country, (2020-2029 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil CBD Skin Care Market by Product, (2020-2029 USD Mn)
10.5.1.2. Brazil CBD Skin Care Market by Source, (2020-2029 USD Mn)
10.5.1.3. Brazil CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico CBD Skin Care Market by Product, (2020-2029 USD Mn)
10.5.2.2. Mexico CBD Skin Care Market by Source, (2020-2029 USD Mn)
10.5.2.3. Mexico CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America CBD Skin Care Market by Product, (2020-2029 USD Mn)
10.5.3.2. Rest of Latin America CBD Skin Care Market by Source, (2020-2029 USD Mn)
10.5.3.3. Rest of Latin America CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)

 

11. Middle East and Africa CBD Skin Care Market Analysis and Forecast, 2020 - 2029 (USD Mn)


11.1. Overview
11.2. MEA CBD Skin Care Market by Product, (2020-2029 USD Mn)
11.3. MEA CBD Skin Care Market by Source, (2020-2029 USD Mn)
11.4. MEA CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
11.5. Middle East and Africa CBD Skin Care Market, by Country, (2020-2029 USD Mn)
11.5.1. GCC
11.5.1.1. GCC CBD Skin Care Market by Product, (2020-2029 USD Mn)
11.5.1.2. GCC CBD Skin Care Market by Source, (2020-2029 USD Mn)
11.5.1.3. GCC CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa CBD Skin Care Market by Product, (2020-2029 USD Mn)
11.5.2.2. South Africa CBD Skin Care Market by Source, (2020-2029 USD Mn)
11.5.2.3. South Africa CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA CBD Skin Care Market by Product, (2020-2029 USD Mn)
11.5.3.2. Rest of MEA CBD Skin Care Market by Source, (2020-2029 USD Mn)
11.5.3.3. Rest of MEA CBD Skin Care Market by Distribution Channel, (2020-2029 USD Mn)

 

12. Company Profiles


12.1. Cannuka, LLC
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Earthly Body
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Josie Maran
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Kapu Maku LLC. (Populum)
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Kiehl’s
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. LEEF
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Lord Jones
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Sephora USA, Inc.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. The CBD Skincare Co
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Kush Creams
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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