The global CBD beauty and skincare product market size was valued at USD 551.57 in 2019 and is expected to reach USD 3168.44 million by 2028, expanding at a CAGR of 21.44% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing awareness related to the healing properties of CBD skincare products.
CBD is also known as Cannabidiol. CBD is a chemical substance naturally found in cannabis plants (marijuana and hemp). Its two main active ingredients are cannabis and THC (tetrahydrocannabinol). Beauty products that contain CBD apply to all skin types. It is beneficial for people with acne, inflammation, dryness, and sensitivity problems, as CBD-based skin care products help in healing breakouts and eczema flare-ups. Additionally, CBD skincare products are beneficial for people suffering from stress, anxiety, and insomnia. Such products have an anti-oxidant property that helps in reducing inflammatory skin pain and has anti-aging properties.
The report on the Global CBD beauty and skincare product market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Base Year |
2020 |
Historic Data |
2018 - 2019 |
Forecast Period |
2021 - 2028 |
Overall Period |
2018 - 2028 |
Regional Scope |
North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast |
On the basis of sources, the market is divided into marijuana and hemp. Hemp-based skincare products have a significant market share, due to the presence of high source fatty acid content. These products help in decreasing stress and rejuvenate dull and damaged skin, which is expected to boost the market during the forecast period.
Based on types, the market is divided into oil, serum & masks, creams and moisturizers, baths & soaps, and others. In 2018, the CBD-based oil segment held the largest market share. Sale of these products is constantly increasing in the personal care market. CBD-based oil products are beneficial for treating skin inflammation, acne, wrinkle-prone, and other skin problems. CBD-based masks and serums are high in demand, which is expected to boost the market.
In terms of product categories, the market is segregated into organic and conventional products. Increasing consumer inclination towards organic skincare products is expected to boost the market, as the demand for organic beauty products is increasing.
Based on distribution channels, the market is divided into offline sales and online sales. Offline sales channels such as pharmacy, specialty stores & whole sellers, and distributors are expected to continue to lead the market. Demand for CBD-based skincare products increased in the market, due to the presence of online sales channels, which is anticipated to boost the market.
On the basis of regions, the market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. In the global CBD skincare market, North America holds the largest market share. Growth of the market in the US and Canada is attributed to increasing demand for CBD-based skincare products and the legalization of cultivation of marijuana. Around 33 states in the US and the district of Colombia have legalized the cultivation of cannabis.
Manufacturers of CBD skincare products are focusing on distribution channels to increase the sale of their product in the global market. They provide free samples to beauty bloggers and celebrities for product reviews, which helps in increasing the sale of their products. Additionally, they are collaborating with farmers to source ingredients directly from them. These market players adopt these strategies to increase their sales revenue.
Some of the key players in the CBD skincare product market are: Cronos Group Inc., Elixinol Global Ltd., Endoca BV, Isodiol International Inc., Josie Maran Cosmetics LLC, Medical Marijuana Inc., kiehl’s LLC, The CBD Skincare Company, Karacell, Kana Skincare, Saint Jane Beauty, Vertly Balm, and Yuyo Botanics.
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