CBD Skin Care Market Share, Size, Demand, Key Players by Forecast 2030

The global CBD Skin Care Market reached US$ 2,359.5 Million at the end of 2022, with the global market estimated to register at a CAGR of 21.1% to reach US$ 10,376.4 Million over the forecast period. Cannabidiol (CBD) is a non-intoxicating substance that is often powdered from marijuana or hemp plants and utilised for a variety of skin care procedures. The cannabidiol (CBD)-infused skincare and personal care products have a variety of positive skin-soothing, calming, anti-anxiety, pain-relieving, moisturising, antioxidant, and anti-inflammatory characteristics that help treat dry skin or some inflammatory skin problems.

The CBD Skin Care Market - Growth Factors
Demand for the market is anticipated to increase over the course of the forecast period due to the increased awareness of the advantages of CBD-infused personal care products. For instance, business partners Yann Moujawaz and Juana Martini introduced their CBD-based skincare line, Juana Skin, in the United Arab Emirates in November 2022. Additionally, the legalisation of cannabis production is anticipated to assist the growing use of CBD skin care products in North America, which is anticipated to further boost industry growth during the forecast period. Due to the movement in consumer preference toward natural and eco-friendly cosmetics and personal care items during the COVID-19 pandemic, CBD skin care products saw an increase in demand on a global scale.

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The Global CBD Skin Care Market – Segmentation
The Global CBD Skin Care Market fragrance concentrates market has been sub-classified into source, type, application, distribution.

On the basis of source, the Global CBD Skin Care Market is bifurcated into:
• Hemp
• Marijuana
• others

On the basis of type, the market is segmented into:
• Oil
• creams and moisturizers
• masks and serums
• cleansers
• others

On the basis of application, the market segmented into:
• mass market
• smoke shops
• e-commerce
• Others

On the basis of distribution, the market segmented into:
• Online sales
• Offline sales
• Others

The CBD Skin Care Market – Market Trends
• Increasingly more people are becoming aware of the advantages of cannabidiol and its therapeutic capabilities, which has led to a surge in the popularity of cannabidiol skin care products worldwide.
• The need for the cannabidiol (CBD) skin care market is further increased by the growing popularity of CBD skin care products, which have antioxidant characteristics that fight the effects of ageing.
• The market value is increased by reasons such the spike in public-private investment for focused research initiatives, high disposable income, rapid urbanisation, changing lifestyles, and rising product innovations and development as a result of global technology breakthroughs.
• Additionally, rising per capita spending, continuous product development and commercialization, government support for cannabis-related product use restrictions, particularly in developing countries, and increased internet penetration will all contribute to the market's future growth rate.

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The CBD Skin Care Market –Regional Analysis
The CBD Skin Care market was dominated by North America, the highest percentage of more than 40% in 2022. Due to the presence of a sizable client base and the legalisation of cannabis in the U.S. and Canada, the demand for CBD skin care products from the North American area is anticipated to stay high.

The CBD Skin Care Market - Key Players
Key players in the CBD Skin Care market include Cannuka, LLC; Earthly Body; Josie Maran; Kapu Maku LLC. (Populum); Kiehl’s; LEEF; Lord Jones; Sephora USA, Inc.; The CBD Skincare Co; and Kush Creams, and others.

FAQS
• 1.What is the CAGR rate for Global CBD Skin Care Market over 2022-2030?
• 2.What are the major drivers which aid the Global CBD Skin Care Market?
• 3.What are the segments of the Global CBD Skin Care Market?
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• 5.What are some major strategies used by top players for the expansion of their business in the Global CBD Skin Care Market?