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The CBD skin care market size is forecast to increase by USD 5.02 billion at a CAGR of 38.64% between 2023 and 2028. The CBD skin care market is experiencing significant growth due to the numerous benefits it offers for skin health. CBD's anti-inflammatory and antioxidant properties make it an effective ingredient in addressing various skin concerns, including acne, eczema, and aging. companies in this market are expanding their product portfolios and collaborating to cater to the increasing demand. However, the market faces challenges such as the easy availability of counterfeit products, which may negatively impact consumer trust and market growth. Despite these challenges, the market is expected to continue its upward trajectory, driven by consumer awareness and acceptance as a natural and effective skincare ingredient.
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The CBD skin care market is experiencing significant growth due to the increasing popularity of CBD as a natural ingredient in skin care products. CBD, a non-intoxicating compound derived from cannabis plants, is known for its anti-inflammatory properties, making it an ideal ingredient for skin care products targeting conditions such as psoriasis, eczema, skin irritation, and sensitivity. CBD oil, creams, balms, and masks are gaining traction among working professionals with a higher spending capacity, who seek quality products for maintaining healthy and radiant skin. CBD's benefits extend beyond skin care, as it is also known to regulate various physiological functions, including inflammation, anxiety, insomnia, and cognitive functions.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The oils segment is estimated to witness significant growth during the forecast period.Cannabidiol a non-psychoactive compound derived from cannabis plants, is gaining popularity in the skin care market due to its numerous benefits. Skin care products, including creams, balms, and masks infused with oil, are increasingly being used to address various skin concerns. These products are effective in reducing skin irritation and sensitivity, making them suitable for individuals with psoriasis, eczema, and other skin conditions. Moreover, oil's anti-inflammatory properties help combat inflammation and redness, making it an excellent addition to skin-lightening products and cosmetics ODM market offerings. The oil's benefits extend beyond inflammation. Its Vitamin A content has anti-aging properties, making it an ideal ingredient for moisturizers, cleansers, sunscreens, chapsticks, and other skin care products.
Working professionals, with their increasing spending capacity, are seeking out quality products that offer reliability and affordability. The growing demand for green cosmetic products, derived from natural sources like hemp, turmeric, and squalene oil, is further fueling the market's growth. The oil's potential benefits for physiological functions, such as anxiety, insomnia, and cognitive functions, are also driving consumer interest. Overall, the oil market in skin care is poised for significant growth, with marijuana-derived CBD and cannabis-based products gaining traction in the acne, aging, and inflammation categories.
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The Oils segment was valued at USD 148.90 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth due to the increasing recognition of cannabinoids as effective ingredients for pain relief and memory enhancement. Derived from Cannabis plants, including both marijuana and hemp, CBD is a non-intoxicating compound that offers antioxidant properties, making it an attractive option for skin care purposes. Production consumption analysis indicates a growth in demand for CBD skin care products, driven by urbanization, changing lifestyles, and product innovations. Internet penetration has played a crucial role in consumer behavior, enabling easy access to information and online purchasing. CBD powder extracted from cannabis plants is a key ingredient in various skin care products, catering to diverse needs such as reducing skin swelling, itching, and peeling.
THC content, a psychoactive compound found in marijuana, is minimized or eliminated in these products to cater to the demand-supply spectrum. The market is witnessing product development and commercialization, with funding from various sources supporting sustainable development. Production costs are a critical factor, with hemp plants being a cost-effective alternative to marijuana. The luxury clean beauty segment is also embracing CBD, further expanding the market scope. Transit limitations, however, pose a challenge to the industry's growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The benefits of CBD in skincare is the key driver of the market. Cannabidiol (CBD), a non-intoxicating compound derived from hemp or marijuana, is gaining significant attention in the skincare industry due to its numerous benefits. The global market for CBD skin care products is witnessing a growth in demand as consumers seek high-quality, affordable, and reliable solutions for various skin concerns. CBD's anti-inflammatory properties make it an ideal ingredient for treating skin irritation, sensitivity, and conditions such as psoriasis and eczema. The versatility of CBD extends to various skincare product categories, including creams, balms, masks, oils, cleansers, moisturizers, sunscreens, and chapsticks. CBD's benefits are not limited to skin care; it also plays a role in addressing physiological functions such as inflammation, anxiety, insomnia, and cognitive functions.
The cannabis-based ingredient is increasingly being used in the cosmetics ODM market, and brands like The Body Shop, Juana Skin, and others are incorporating CBD into their green cosmetic products. CBD oil derived from hemp is also popularly used as a base ingredient in skincare products. Additionally, other natural ingredients like turmeric and squalene oil are often combined with CBD to enhance its efficacy.
The increasing collaborations among companies and business expansion is the upcoming trend in the market. The cannabidiol skin care market is witnessing significant growth due to increasing collaborations among market participants. These partnerships enable companies to expand their product offerings, geographic reach, and distribution networks. By gaining access to new technologies, resources, and products, companies can improve their market shares and cater to a wider customer base. The CBD skin care market encompasses a range of products, including creams, balms, masks, and CBD oil. These CBD-infused offerings cater to various skin concerns, such as psoriasis, eczema, skin irritation, sensitivity, and acne. Additionally, CBD skin care products are increasingly being used for aging skin, moisturizers, cleansers, sunscreens, and chapsticks.
The market also includes skin-lightening products and offerings in the cosmetics ODM market. With the rising popularity of cannabis-based products and marijuana-derived CBD, the market is expected to grow further. The physiological functions, including its ability to reduce inflammation, anxiety, and insomnia, make it an attractive ingredient in beauty products. Brands like The Body Shop, Juana Skin, and others are introducing green cosmetic products infused with CBD, hemp, turmeric, and squalene oil. This trend is expected to continue, driven by the growing demand for quality products that offer affordability, reliability, and effectiveness.
The easy availability of counterfeit products is a key challenge affecting the market growth. The CBD skin care market has experienced significant growth in recent years, driven by the increasing popularity of oil and its potential benefits for various skin conditions such as psoriasis, eczema, and skin irritation. skin care products, including creams, balms, masks, and oils, have gained traction among working professionals due to their ability to provide relief from stress and improve skin health. However, the market growth has been challenged by the proliferation of counterfeit CBD skin care products. These imitations, which replicate the packaging of established brands, are often sold at lower prices through unauthorized distributors and online retail channels.
Consumers, particularly in price-sensitive markets like China and India, are attracted to the affordability of these counterfeit products. However, the use of marijuana-derived CBD in these products can raise concerns regarding quality and reliability. Moreover, counterfeit products may not deliver the desired results, damaging the reputation of genuine CBD skin care brands. The CBD skin care market includes various product categories, such as moisturizers, cleansers, sunscreens, chapsticks, and skin-lightening products, as well as the cannabis-based cosmetics ODM market. Other ingredients, such as hemp, turmeric, and squalene oil, are also used in CBD skin care products to enhance their efficacy. The CBD skin care market is expected to grow further due to its potential benefits for inflammation, anxiety, insomnia, and other physiological and cognitive functions. The Body Shop and Juana Skin are among the brands that offer CBD skin care products, along with other green cosmetic brands.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
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Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Blessed CBD - The company offers CBD-infused skincare products, such as the purifying gel balm cleanser.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
CBD is a non-psychoactive compound derived from the cannabis plant, gaining significant attention in the skin care industry. The global CBD skin care products market is experiencing strong growth due to the potential benefits for various skin conditions such as psoriasis, eczema, skin irritation, and sensitivity. It offers relief from inflammation, making it an ideal ingredient for balms, masks, and creams. oil is used in various forms, including moisturizers, cleansers, sunscreens, chapsticks, and masks. Working professionals with a spending capacity for quality products are increasingly opting for CBD-infused skin care due to its reliability and affordability.
CBD is believed to improve mood, pain, and memory. The production and consumption analysis of CBD indicates a positive trend, with an increasing number of consumers opting for CBD-infused skin care products due to their potential health benefits. Consumer behavior research suggests that the demand for CBD skin care products is driven by the growing awareness of their therapeutic properties and the desire for natural and effective alternatives to traditional skin care products.
The market includes a wide range of products, from cannabis-based creams and balms to marijuana-derived CBD masks. The skin-lightening products market and cosmetics ODM market are expected to experience growth due to the addition of CBD. CBD's potential benefits extend beyond skin care, as it is also known to help with acne, aging, and inflammation. Other natural ingredients, such as hemp, turmeric, and squalene oil, are often combined with CBD to enhance its effects. CBD's impact on physiological functions, including regulation of mood, anxiety, and insomnia, further adds to its appeal.
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 38.64% |
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Market growth 2024-2028 |
USD 5.02 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
28.82 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 45% |
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Key countries |
US, Canada, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Blessed CBD, Cannuka LLC, CBD For Life, Charlottes Web Holdings Inc., Dixie Brands, Earthly Body Inc., Elixinol Wellness Ltd., Endoca BV, High Tide Inc., Isodiol International Inc., Josie Maran Cosmetics LLC, Kana Skincare, Kush Creams, Leef Organics Ltd., LOreal SA, Myaderm Inc., Nordic Organics Inc., Redwood Wellness LLC, The CBD Skincare Co, and Vertly LLC |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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