CBD Skincare Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

CBD Skincare Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of CBD Skincare Market

The CBD skincare market size was valued at USD 1.54 billion in 2023, and the market is now projected to grow from USD 1.77 billion in 2024 to USD 5.68 billion by 2032, exhibiting a CAGR of 15.73% during the forecast period of 2024-2032.

Last year, in 2020, due to the outbreak of the pandemic, new emergency measures were taken and the lockdown happened across the world which in turn affected the procurement of raw materials across the world. The MV/cc partnership and import-export dynamics bearing the brunt due to the emergence of a lockdown in various countries and which interfered with the trade rigor impacting the CBD skincare market growth.

CBD skincare product use has risen tremendously globally to young and adult customers as a result of attributes such as calming which are a major market driver. In fact, it is quite notable that many market participants, which were offering plain vanilla products in the past, started launching new products in the recent years by expanding their product portfolios. It might lead to the expansion of CBD skincare market share globally in the future.

The increasing awareness globally of finding products that embrace health and wellness has greatly influenced a macro trend occurring in the macro environment favoring natural skincare products hence boosting the CBD skincare market growth trajectory. The decrease in use of chemical products in skincare has led to the increase in popularity of new products and therefore increasing the global product demand forcing the player to develop new products to meet the market needs.

Comprehensive Analysis of CBD Skincare Market

The CBD skincare market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type, by end-user, and by distribution channel. The types include: oils, creams, & moisturizers, masks & serums, and others. However, the end-users include: men & women. By distribution channel it can be bifurcated into: hypermarket/supermarket, specialty stores, e-commerce/online stores, and others.

The North America region leads the CBD skincare market by benefiting a market size of USD 500 million in 2023 due to the rising consumer spending on natural skincare products in the region.

The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Earthly Body (U.S.) Isodiol International Inc. (Canada) Endoca (Netherlands) Kapu Maku LLC. (U.S.) The CBD Skincare Co. (U.S.) LEEF organics (U.S.) Sephora (France) Vertly (U.S.) Lily CBD (U.S.) Kana Skincare (U.S.) L’Oréal SA (France) Elixinol (U.S.) CBD for Life (U.S.).

In October 2022, Amanda Health, a subsidiary of Ecofibre (a hemp production company), launched Green II Gold, a CBD-based skincare line for spas and salons. According to the company, the new line is made from full-spectrum hemp extract and botanical-based ingredients.

Segmentation Table

Global CBD Skincare Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 15.73% from 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Type, By End-user, By Distribution Channel and By Region

By Type Oils

Creams & Moisturizers

Masks & Serums

Others

By End-user Men

Women

By Distribution Channel Hypermarket/Supermarket

Specialty Stores

Online Stores

Others

By Region North America (By Type, End-user, Distribution Channel, and Country)

- U.S. (Type)

- Canada (Type)

- Mexico (Type)

Europe (By Type, End-user, Distribution Channel, and Country)

- U.K. (Type)

- Germany (Type)

- France (Type)

- Italy (Type)

- Spain (Type)

- Russia (Type)

- Rest of Europe (Type)

Asia Pacific (By Type, End-user, Distribution Channel, and Country)

- Japan (Type)

- India (Type)

- South Korea (Type)

- Australia (Type)

- Rest of Asia Pacific (Type)

South America (By Type, End-user, Distribution Channel, and Country)

- Brazil (Type)

- Argentina (Type)

- Rest of South America (Type)

Middle East & Africa (By Type, End-user, Distribution Channel, and Country)

- UAE (Type)

- South Africa (Type)

- Rest of Middle East & Africa (Type)


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