Global CBD Beauty And Skincare Product Market by Sources (Marijuana and Hemp), Types (Oil, Serum & Masks, Creams & Moisturizers, Baths & Soaps, and Others), Categories (Organic and Conventional), Distribution Channels (Offline sales and Online sales), and Regions (North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
CBD Beauty And Skincare Product Market Outlook 2031
The CBD Beauty And Skincare Product Market was USD 986.86 Billion in 2022 and is likely to reach USD 5.65 Billion by 2031, expanding at a CAGR of 21.4% during 2023 – 2031. 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.
CBD Beauty And Skincare Product Market Trends, Drivers, Restraints, and Opportunities:
- Increasing demand for CBD skincare products acts as a market driver.
- Increasing awareness related to the healing properties of CBD skincare products is one of the major driving factors in the market.
- Rising demand for facial masks, serums, and sheets aid in the growth of the market.
- CBD has anti-oxidant properties and anti-aging properties, due to which, its demand is increasing.
- R&D investment in CBD-based skin care products acts as a market driver.
- CBD-based beauty products are anticipated to cause skin irritations such as swelling and itching, which is expected to hamper the market growth.
- Strict rules and regulations imposed by the government restrain the market growth. Some countries have imposed a ban on the use of CBD.
- High price of the products is anticipated to hinder the market.
- Increasing customer inclination towards the use of natural and organic products is expected to boost the market.
- Rising consumer spending on beauty products is expected to propel the market.
Scope of CBD Beauty And Skincare Product Market Report
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 |
| Report Title | CBD Beauty And Skincare Product Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2022 |
| Historic Data | 2016 – 2021 |
| Forecast Period | 2023 - 2031 |
| Regional Scope | North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa |
| Key Players Covered in the Report |
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. |
Global CBD beauty and skincare product market
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. CBD Beauty And Skincare Product Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. CBD Beauty And Skincare Product Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. CBD Beauty And Skincare Product Market - Supply Chain
4.5. Global CBD Beauty And Skincare Product Market Forecast
4.5.1. CBD Beauty And Skincare Product Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. CBD Beauty And Skincare Product Market Size (000’ Units) and Y-o-Y Growth
4.5.3. CBD Beauty And Skincare Product Market Absolute $ Opportunity
5. Global CBD Beauty And Skincare Product Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. CBD Beauty And Skincare Product Market Size and Volume Forecast by Types
5.3.1. Oil
5.3.2. Serum and masks
5.3.3. Creams and Moisturizers
5.3.4. Baths and soaps
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global CBD Beauty And Skincare Product Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. CBD Beauty And Skincare Product Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global CBD Beauty And Skincare Product Demand Share Forecast, 2019-2026
7. North America CBD Beauty And Skincare Product Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America CBD Beauty And Skincare Product Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America CBD Beauty And Skincare Product Market Size and Volume Forecast by Types
7.4.1. Oil
7.4.2. Serum and masks
7.4.3. Creams and Moisturizers
7.4.4. Baths and soaps
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America CBD Beauty And Skincare Product Demand Share Forecast, 2019-2026
8. Latin America CBD Beauty And Skincare Product Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America CBD Beauty And Skincare Product Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America CBD Beauty And Skincare Product Market Size and Volume Forecast by Types
8.4.1. Oil
8.4.2. Serum and masks
8.4.3. Creams and Moisturizers
8.4.4. Baths and soaps
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America CBD Beauty And Skincare Product Demand Share Forecast, 2019-2026
9. Europe CBD Beauty And Skincare Product Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe CBD Beauty And Skincare Product Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe CBD Beauty And Skincare Product Market Size and Volume Forecast by Types
9.4.1. Oil
9.4.2. Serum and masks
9.4.3. Creams and Moisturizers
9.4.4. Baths and soaps
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe CBD Beauty And Skincare Product Demand Share Forecast, 2019-2026
10. Asia Pacific CBD Beauty And Skincare Product Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific CBD Beauty And Skincare Product Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific CBD Beauty And Skincare Product Market Size and Volume Forecast by Types
10.4.1. Oil
10.4.2. Serum and masks
10.4.3. Creams and Moisturizers
10.4.4. Baths and soaps
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific CBD Beauty And Skincare Product Demand Share Forecast, 2019-2026
11. Middle East & Africa CBD Beauty And Skincare Product Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa CBD Beauty And Skincare Product Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa CBD Beauty And Skincare Product Market Size and Volume Forecast by Types
11.4.1. Oil
11.4.2. Serum and masks
11.4.3. Creams and Moisturizers
11.4.4. Baths and soaps
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa CBD Beauty And Skincare Product Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global CBD Beauty And Skincare Product Market: Market Share Analysis
12.2. CBD Beauty And Skincare Product Distributors and Customers
12.3. CBD Beauty And Skincare Product Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Cronos Group Inc.
12.4.2. Elixinol Global Ltd.
12.4.3. Endoca BV