The global CBD skincare market, with a size of USD 792.0 Million in 2022, is projected to reach USD 5900.86 Million by 2032, demonstrating a revenue compound annual growth rate (CAGR) of 25% throughout the forecast period. The market's robust revenue expansion can be attributed to a convergence of factors that have propelled Cannabidiol (CBD) from a niche product to a mainstream wellness trend.
One primary driver of market revenue growth is the increasing recognition and embrace of CBD's potential health benefits by consumers. CBD, a non-psychoactive compound extracted from the Cannabis plant, has garnered attention for its perceived therapeutic attributes, such as pain relief, anxiety reduction, and anti-inflammatory properties. This heightened awareness has resulted in a growing demand for CBD-infused products across various consumer health categories.
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Top Profiled Companies:
ยทย ย ย ย ย ย Kiehl's LLC
ยทย ย ย ย ย ย The Body Shop International Limited
ยทย ย ย ย ย ย Cannuka LLC
ยทย ย ย ย ย ย Kana Skincare
ยทย ย ย ย ย ย Eos Scientific Ltd
ยทย ย ย ย ย ย Medterra CBD
ยทย ย ย ย ย ย CBD For Life
ยทย ย ย ย ย ย Cannabis Beauty Defined
ยทย ย ย ย ย ย The CBD Skincare Company
ยทย ย ย ย ย ย Lord Jones
Drivers of Cannabidiol (CBD) Skin Care Market
ยทย ย ย ย ย ย Increasing Consumer Awareness: Growing awareness among consumers about the potential benefits of CBD for skin health, including its anti-inflammatory and antioxidant properties, has driven demand for CBD skin care products.
ยทย ย ย ย ย ย Legalization and Regulatory Changes: As regulations surrounding CBD have become more clear and some regions have legalized the use of CBD in skin care products, it has opened up new markets and opportunities for companies to develop and sell these products.
ยทย ย ย ย ย ย Wellness and Natural Ingredient Trends: The broader trend towards natural and wellness-focused products has led to the increased interest in CBD as a natural ingredient in skin care. Consumers are seeking products with fewer synthetic chemicals and more natural, plant-based ingredients.
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Key Regional Markets Covered in the Report:
ยทย ย ย ย ย ย North America (U.S.A., Canada, Mexico)
ยทย ย ย ย ย ย Europe (Italy, U.K., Germany, France, Rest of Europe)
ยทย ย ย ย ย ย Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
ยทย ย ย ย ย ย Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
ยทย ย ย ย ย ย Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Cannabidiol (CBD) Skin Care Market Segmentation
Product Type Outlook:
- Topical (Balms, Salves, Lotions, Creams, Serums, Masks)
- Skincare (Cleansers, Moisturizers, Toners, Face Oils)
- Haircare (Shampoos, Conditioners, Serums)
Source Outlook:
- Hemp-derived
- Marijuana-derived
Distribution Outlook:
- Online
- Offline (Pharmacies, Retail Stores, Specialty Stores)
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