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The cannabidiol (CBD) skin care market size is estimated to increase by USD 5.02 billion, growing at a CAGR of 38.64% between 2023 and 2028. Market growth analysis hinges on skincare benefits, new product launches, and online sales growth. Rse as a skincare ingredient has fueled consumer interest, driving demand. The market is experiencing significant growth due to the compound's potential benefits for pain relief and memory improvement. Derived from Cannabis plants, including marijuana and hemp, is a non-intoxicating cannabinoid that has gained popularity for its antioxidant properties. Production and consumption analysis reveal that urbanization and changing lifestyles are driving the demand. Further, Dixie Brands, a key company, offers CBD skincare products such as Synergy Heat and THC warming balm.
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The market represents a significant segment in the broader health and wellness industry. This market research and growth report encompasses a range of products including creams, balms, masks, and oil. Individuals with skin conditions such as psoriasis, eczema, and skin irritation or sensitivity may find relief through the use of these -infused skin care solutions. , a non-intoxicating compound derived from cannabis plants, interacts with the body's endocannabinoid system to regulate various physiological and cognitive functions. oil, in particular, has gained popularity for its potential benefits in managing inflammation, anxiety, insomnia, and pain.
The benefits of skincare are the key factor driving the market. (cannabidiol), a non-intoxicating compound derived from hemp or marijuana, has gained significant attention in the skincare industry due to its numerous benefits. The demand for infused skin care products, including creams, balms, masks, and oil, continues to rise as consumers seek solutions for various skin concerns such as psoriasis, eczema, skin irritation, sensitivity, and acne. Working professionals, with increasing spending capacity, are particularly drawn to the affordability, reliability, and high-quality of these products. The cannabis-based ingredient's anti-inflammatory properties make it an ideal addition to skincare formulations, particularly for those with acne-prone skin. Moreover, 's potential benefits extend beyond inflammation, as it is also believed to aid in skin-lightening, moisturizing, cleansing, and sun protection.
Further, brands like The Body Shop, Juana Skin, and others in the market are capitalizing on this trend by introducing cannabis-derived and marijuana-derived products. 's physiological and cognitive functions, such as its ability to reduce anxiety and insomnia, further enhance its appeal. As a result, the market for skin care products is expected to grow, with offerings ranging from moisturizers and cleansers to sunscreens and chapsticks. Additionally, the increasing popularity of green cosmetic products, such as those containing turmeric and squalene oil, is likely to fuel the demand for infused skincare items.
Increasing collaborations among companies and business expansion is the primary trend shaping the market. The market is experiencing significant growth due to the rising number of collaborations among market players. These partnerships enable vendors to broaden their product offerings, geographic reach, and distribution channels. By accessing new products, technologies, and resources through strategic alliances, companies can enhance their market positions. Moreover, expanding businesses allow vendors to expand their customer base and increase their geographical presence. Skin care products, including creams, balms, masks, and oil, are increasingly popular for addressing various skin concerns such as psoriasis, eczema, skin irritation, sensitivity, and acne. Working professionals with growing spending capacity seek quality products that offer affordability, reliability, and effectiveness.
Moreover, the skin-lightening products market and the cosmetics ODM market are witnessing a surge in demand for cannabis-based products, such as marijuana-derived. As consumers become more conscious of their skin health and the environmental impact of their choices, the market is expanding. Products like moisturizers, cleansers, sunscreens, and chapsticks cater to various skin types and concerns. Brands like The Body Shop, known for their green cosmetic products, are incorporating hemp, turmeric, and squalene oil into their skin care lines. 's potential benefits for inflammation, anxiety, insomnia, and physiological and cognitive functions further fuel market growth. Regulations governing the use of in skin care products are evolving, allowing for increased innovation and consumer access. As the market continues to grow, it is expected to bring about new developments and offerings in the realm of skin care.
Easy availability of counterfeit products is the major challenge that affects the market expansion. The market has experienced significant growth in recent years, with an increasing demand for -infused creams, balms, masks, and oils. These products offer relief for various skin conditions such as psoriasis, eczema, and skin irritation, making them popular among consumers with sensitivity and those seeking high-quality, effective solutions. However, the market growth has been challenged by the proliferation of counterfeit skin care products. These limitations, which often mimic the packaging of established brands, are sold at lower prices through both online retail channels and unauthorized distributors, particularly in price-sensitive markets like China and India. Consumers, often unaware of product authenticity, may purchase these counterfeit items, expecting the same results as genuine products. If the counterfeit products fail to deliver, consumers may blame the reputable brands, damaging their hard-earned reputations. The rise of third-party online sales platforms, such as Amazon, Walmart, and eBay, has further expanded the availability of these counterfeit items. skin care products cater to a diverse range of consumers, including working professionals with limited spending capacity, those seeking affordability, and those prioritizing reliability.
Additionally, the market also encompasses oil-based skin-lightening products and cannabis-based cosmetics ODM (Original Design Manufacturer) offerings. Acne-prone individuals, those concerned with aging, and those seeking moisturizers, cleansers, sunscreens, and chapsticks, are all potential customers in this market. The market is not limited to oil-derived products. Turmeric, hemp, squalene oil, and other natural ingredients are also used in various skin care products. These ingredients offer additional benefits, such as anti-inflammatory properties, which can help alleviate conditions like psoriasis and eczema. Furthermore, skin care products have gained popularity due to their potential benefits for physiological functions, such as reducing inflammation, and cognitive functions, such as alleviating anxiety and insomnia. As the market continues to evolve, it is essential that regulatory bodies establish clear guidelines to ensure product authenticity and consumer safety. This will help maintain the integrity of the market and protect consumers from counterfeit products. Brands that prioritize quality, transparency, and consumer trust will continue to thrive in this market. The Body Shop, Juana Skin, and other green cosmetic brands have already started to incorporate into their product lines, signaling a growing trend towards natural, cannabis-based ingredients in the beauty industry.
The oils segment is estimated to witness significant growth during the forecast years. The market is experiencing significant growth due to increasing consumer awareness of its numerous benefits for the skin. CBD oil, a key component of various skincare products such as creams, balms, and masks, is highly effective in reducing skin redness and irritation. It is particularly beneficial for individuals with sensitive skin, prone to conditions like psoriasis, eczema, and other skin ailments. The anti-inflammatory properties of CBD oil make it an excellent choice for soothing irritated skin. Moreover, the Vitamin A content in CBD oil offers anti-aging benefits, helping to reduce wrinkles and protect against harmful UV rays. Working professionals, with a growing spending capacity, are increasingly seeking out quality skincare products for their affordability and reliability.
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The oils segment was the largest and was valued at USD 148.90 million in 2018. The market encompasses a wide range of products, including acne treatments, moisturizers, cleansers, sunscreens, and chapsticks. Cannabis-based products, such as oil, are gaining popularity in the CBD skincare industry, with marijuana-derived emerging as a preferred choice for those seeking the most potent effects. The market also incorporates oil into its offerings. Anxiety and insomnia, common issues for many individuals, can also be addressed through the use of oil in skincare products. Turmeric, squalene oil, and hemp are other natural ingredients often used in conjunction with oil to enhance the efficacy of skincare products. Juana Skin and The Body Shop are among the brands that have already introduced -infused beauty products to their lines. The trend towards green cosmetic products and the increasing acceptance of hemp-derived further underscores the potential growth of the market.
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast years. Product innovations, such as powders and creams, cater to various skin care purposes, including reducing skin swelling, itching, and peeling. Internet penetration and commercialization have facilitated the accessibility and availability of skin care products in APAC. Furthermore, per capita expenditure on these products is increasing due to their effectiveness and sustainability. Production costs are a crucial factor in the market, with funding and THC content being significant considerations for manufacturers. Sustainable development and consumer behavior are essential aspects of the market. Transit limitations have led to the development of luxury clean beauty brands that offer high-quality products. The demand-supply spectrum for skin care products remains balanced, with continued product development and innovation expected to further fuel market growth.
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.
The Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Blessed, For Life, 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 Skincare Co, and Vertly LLC
Market analysis and report of 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.
The market forecasting report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market is experiencing significant growth due to the potential benefits of in addressing various skin concerns. is a non-psychoactive compound found in the Cannabis plant, known for its therapeutic properties. In the CBD skin care industry, is gaining popularity for its anti-inflammatory, antioxidant, and anti-aging properties. CBD skin care products come in various forms, including creams, lotions, serums, and masks. These products are used to treat acne, eczema, psoriasis, and other skin conditions. The market is driven by increasing consumer awareness and acceptance of as a natural remedy for skin issues. Moreover, the market is expanding as new players enter the market with innovative skin care solutions. Companies are investing in research and development to create effective and high-quality skin care products.
Additionally, the market is expected to continue growing as more consumers turn to for their skin care needs. skin care products are formulated with other ingredients such as essential oils, vitamins, and minerals to enhance their effectiveness. Some popular ingredients include jojoba oil, shea butter, and green tea extract. These ingredients work synergistically with to provide optimal skin care benefits. In conclusion, the market is a growing industry driven by consumer demand for natural and effective skin care solutions. 's therapeutic properties make it an attractive option for treating various skin concerns, and the market is expected to continue growing as more consumers discover the benefits of for their skin.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 38.64% |
Market Growth 2024-2028 |
USD 5.02 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
28.82 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 45% |
Key countries |
US, Canada, Germany, Japan, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Blessed , Cannuka LLC, 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 Skincare Co, and Vertly LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market forecast 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.
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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