The global CBD skin care market was valued at $593.08 million in 2019, and is expected to reach $4881.21 million by 2028, recording a CAGR of 27.13% during the forecast period. The base year considered for the study is 2019. The estimated period is between 2020 and 2028. Awareness regarding the CBD infused skin care product’s health benefits has gained rapid recognition among consumers worldwide.

GLOBAL CBD SKIN CARE MARKET FORECAST 2020-2028

Global CBD Skin Care Market by Source (Hemp, Marijuana)  by Product Type (Oils, Lotion & Creams, Masks & Serums, Bath & Soaps, Other Products)  by Distributors (Supermarkets/hypermarkets, Retail Pharmacies, Departmental Stores, E-commerce, Other Distributors) and by Geography.

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The global CBD skin care market was valued at $593.08 million in 2019, and is expected to reach $4881.21 million by 2028, recording a CAGR of 27.13% during the forecast period. The base year considered for the study is 2019. The estimated period is between 2020 and 2028.

The essential factors responsible for the global CBD skin care market growth are:

  • Multi-functional attributes of CBD infused skin care products
  • High demand for personal care products manufactured by using natural ingredients
  • Increasing health awareness

CBD Skin Care Market

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Awareness regarding the CBD infused skin care product’s health benefits has gained rapid recognition among consumers worldwide. The popularity of these products is increasing among consumers due to their calming properties. CBD has the potential to provide relief in common skin issues through its anti-oxidant & anti-inflammatory properties. Such multi-functional attributes of these products are expected to augment the demand for CBD skin care products over the coming years.

The global CBD skin care market is primarily dominated by CBD oils category in the product type segment, which accounted for a market share of around 34% in 2019. CBD oil in skin care products is beneficial for a wide range of applications, from acne to wrinkles. It is a non-intoxicating element of hemp or marijuana plants. Cannabidiol or CBD is taken out in the form of powder and is usually mixed with oils like hemp, olive, coconut, which enhances its application and effectiveness. On the other hand, the bath & soaps category is anticipated to be the fastest-growing product type in the market. CBD soaps help in slowing down aging effects, improving conditions like acne, psoriasis, and eczema, and reducing pain and inflammation, when absorbed through the skin. These soaps are generally made from natural fragrances, coconut oil, and purified water, which makes them attractive to use for skin. Moreover, these soaps are readily available on online sales channels, making it easier the consumers to shop these products, thereby helping the CBD skincare market grow.

However, owing to its THC content, the market is strongly regulated by government authorities. Further, CBD based skin care products are labeled as ‘all-natural products, and manufacture often requires close attention while removing conventional preservatives from product formulations. Such removal of preservatives from products increases the risk of bacterial contamination, which is a major cause behind personal care product recalls.

The report on the global CBD skin care market includes segmentation analysis of source, product type, and distributors.

Market by Source:

  • Hemp
  • Marijuana

Market by Product Type:

  • Bath & Soaps
  • Lotion & Creams
  • Masks & Serums
  • Oils
  • Other Products

Market by Distributors:

  • E-Commerce
  • Retail Pharmacies
  • Departmental stores
  • Supermarkets/Hypermarkets
  • Other Distributors

Geographically, the global CBD skin care market has been segmented on the basis of four major regions, which includes:

  • North America: the United States and Canada
  • Europe: the United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and the Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and the Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East & Africa

In 2019, North America captured the largest market share of 42.08% in terms of revenue. A huge consumer base from the region is spending a lot on natural cosmetic products and are seeking for multi-functional skin care products from the market. Factors such as increased spending on personal care products and cosmetic products and rising incidences of skin diseases like acne ND psoriasis enable North America to offer lucrative opportunities to manufacturers. The favorable regulations and close monitoring of CBD based skin care product manufacturing supplement revenue growth for these products in the region. The hemp and marijuana cultivation in Canada is liberalized, which is estimated to ve the deciding factor in augmenting the growth of CBD based personal care products. However, Asia Pacific is likely to be the fastest-growing regional market over the forecast period, owing to increased awareness toward CBD applications.

Some of the renowned companies operating in the global CBD skin care market are:

  • Khiron Life Sciences Corp
  • CBD Skincare Company
  • Elixinol Global Limited
  • Cannuka LLC
  • Kiehl’s LLC
  • Others

Key strategies adopted by some of the CBD skin care companies are:

In March 2020, CBD Purifying Gel Balm Cleanser was introduced by Cannuka on its online platform. Similarly, in November 2019, Aceso™ Hemp brand was launched in Colombia by Khiron Life Sciences. In September, 2019, four subsidiaries of Redwood Holding Group were acquired by Cronos Group.

Key findings of the global CBD skin care market are:

  • A shifting trend towards CBD skin care products has been observed across the world. For instance, as per Hemp Industries Association (HIA), around $147 million worth hemp-based beauty products were sold in the United States alone.
  • The introduction and sales of CBD skincare products through online channels are further anticipated to enable manufactures to expand their market base, and help grow their revenue in the global market.
  • The legal usage of cannabis for medical and recreational purposes is growing steadily, each year. In addition, there is an increasing volume of research, supporting the use of marijuana for medical purposes.
  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • MULTI-FUNCTIONAL ATTRIBUTES OF CBD INFUSED SKIN CARE PRODUCTS
      • HIGH DEMAND FOR PERSONAL CARE PRODUCTS MANUFACTURED BY USING NATURAL INGREDIENTS
      • INCREASING HEALTH AWARENESS
    •    KEY RESTRAINTS
      • REGULATORY IMPOSITIONS FROM GOVERNMENT AUTHORITIES
      • RISK OF BACTERIAL CONTAMINATION
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VALUE CHAIN ANALYSIS
  2. MARKET BY SOURCE
    • HEMP
    • MARIJUANA
  3. MARKET BY PRODUCT TYPE
    • OILS
    • LOTION & CREAMS
    • MASKS & SERUMS
    • BATH & SOAPS
    • OTHER PRODUCTS
  4. MARKET BY DISTRIBUTORS
    • SUPERMARKETS/HYPERMARKETS
    • RETAIL PHARMACIES
    • DEPARTMENTAL STORES
    • E-COMMERCE
    • OTHER DISTRIBUTORS
  5. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • CANNUKA LLC
    • CRONOS GROUP INC
    • ELIXINOL GLOBAL LIMITED
    • ENDOCA BV
    • FAB CBD
    • ISODIOL INTERNATIONAL INC
    • JOY ORGANICS
    • KAPU MAKU LLC (POPULUM)
    • KHIRON LIFE SCIENCES CORP
    • KIEHL’S LLC (ACQUIRED BY L’ORÉAL)
    • LEEF ORGANICS LTD
    • MEDICAL MARIJUANA INC
    • THE CBD SKINCARE COMPANY
    • VERTLYBALM

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – CBD SKIN CARE

TABLE 2: GLOBAL CBD SKIN CARE MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL CBD SKIN CARE MARKET, BY SOURCE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 4: GLOBAL HEMP MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL HEMP MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: GLOBAL MARIJUANA MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL MARIJUANA MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: GLOBAL CBD SKIN CARE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL CBD SKIN CARE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: GLOBAL OILS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL OILS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: GLOBAL LOTION & CREAMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL LOTION & CREAMS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 14: GLOBAL MASKS & SERUMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL MASKS & SERUMS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 16: GLOBAL BATH & SOAPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL BATH & SOAPS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 18: GLOBAL OTHER PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL OTHER PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 20: GLOBAL CBD SKIN CARE MARKET, BY DISTRIBUTORS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: GLOBAL CBD SKIN CARE MARKET, BY DISTRIBUTORS, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 22: GLOBAL SUPERMARKETS/HYPERMARKETS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL SUPERMARKETS/HYPERMARKETS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 24: GLOBAL RETAIL PHARMACIES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: GLOBAL RETAIL PHARMACIES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 26: GLOBAL DEPARTMENTAL STORES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: GLOBAL DEPARTMENTAL STORES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 28: GLOBAL E-COMMERCE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 29: GLOBAL E-COMMERCE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 30: GLOBAL OTHER DISTRIBUTORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: GLOBAL OTHER DISTRIBUTORS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 32: GLOBAL CBD SKIN CARE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 33: GLOBAL CBD SKIN CARE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 34: NORTH AMERICA CBD SKIN CARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 35: NORTH AMERICA CBD SKIN CARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 36: EUROPE CBD SKIN CARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 37: EUROPE CBD SKIN CARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 38: ASIA PACIFIC CBD SKIN CARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 39: ASIA PACIFIC CBD SKIN CARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 40: REST OF WORLD CBD SKIN CARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 41: REST OF WORLD CBD SKIN CARE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: GLOBAL CBD SKIN CARE MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019

FIGURE 6: GLOBAL CBD SKIN CARE MARKET, BY HEMP, 2020-2028 (IN $ MILLION)

FIGURE 7: GLOBAL CBD SKIN CARE MARKET, BY MARIJUANA, 2020-2028 (IN $ MILLION)

FIGURE 8: GLOBAL CBD SKIN CARE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2019

FIGURE 9: GLOBAL CBD SKIN CARE MARKET, BY OILS, 2020-2028 (IN $ MILLION)

FIGURE 10: GLOBAL CBD SKIN CARE MARKET, BY LOTION & CREAMS, 2020-2028 (IN $ MILLION)

FIGURE 11: GLOBAL CBD SKIN CARE MARKET, BY MASKS & SERUMS, 2020-2028 (IN $ MILLION)

FIGURE 12: GLOBAL CBD SKIN CARE MARKET, BY BATH & SOAPS, 2020-2028 (IN $ MILLION)

FIGURE 13: GLOBAL CBD SKIN CARE MARKET, BY OTHER PRODUCTS, 2020-2028 (IN $ MILLION)

FIGURE 14: GLOBAL CBD SKIN CARE MARKET, GROWTH POTENTIAL, BY DISTRIBUTORS, IN 2019

FIGURE 15: GLOBAL CBD SKIN CARE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2020-2028 (IN $ MILLION)

FIGURE 16: GLOBAL CBD SKIN CARE MARKET, BY RETAIL PHARMACIES, 2020-2028 (IN $ MILLION)

FIGURE 17: GLOBAL CBD SKIN CARE MARKET, BY DEPARTMENTAL STORES, 2020-2028 (IN $ MILLION)

FIGURE 18: GLOBAL CBD SKIN CARE MARKET, BY E-COMMERCE, 2020-2028 (IN $ MILLION)

FIGURE 19: GLOBAL CBD SKIN CARE MARKET, BY OTHER DISTRIBUTORS, 2020-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 21: UNITED STATES CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 22: CANADA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 23: EUROPE CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 24: UNITED KINGDOM CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: GERMANY CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: FRANCE CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: ITALY CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: RUSSIA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: BELGIUM CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: POLAND CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 32: ASIA PACIFIC CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 33: CHINA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 34: JAPAN CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 35: INDIA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 36: SOUTH KOREA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 37: INDONESIA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 38: THAILAND CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 39: VIETNAM CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 40: AUSTRALIA & NEW ZEALAND CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 41: REST OF ASIA PACIFIC CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION

FIGURE 42: REST OF WORLD CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 43: LATIN AMERICA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 44: MIDDLE EAST & AFRICA CBD SKIN CARE MARKET, 2020-2028 (IN $ MILLION)

  1. MARKET BY SOURCE
    • HEMP
    • MARIJUANA
  2. MARKET BY PRODUCT TYPE
    • OILS
    • LOTION & CREAMS
    • MASKS & SERUMS
    • BATH & SOAPS
    • OTHER PRODUCTS
  3. MARKET BY DISTRIBUTORS
    • SUPERMARKETS/HYPERMARKETS
    • RETAIL PHARMACIES
    • DEPARTMENTAL STORES
    • E-COMMERCE
    • OTHER DISTRIBUTORS
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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