Global CBD skin care Market is set to witness a healthy CAGR of 32.95% in the forecast period of 2019- 2028. Increasing awareness about the benefits of CBD infused personal care products and rising self-consciousness among population are the factor for the market growth.

CBD or cannabidiol is derived from the hemp plant. It is very beneficial for the people who are suffering from insomnia, anxiety, stress and other problems. These CBD are widely used in skin care products because they have the ability to decrease the inflammation and pain caused by seditious skin disorders. They also can support the skin’s natural healing process and can also decrease the lifespan of eczema/psoriasis flare-ups. Oils, masks & serum, cleansers and other are some of the common types of the CBD.

Top Driver: Increasing adoption of CBD skin care products acts as a market driver

Increasing adoption of CBD skin care products acts as a market driver. CDB skin care possess antioxidant properties counteracting the signs of aging mainly amongst the geriatric population; this factor also augments the market growth. Rising awareness about the healing nature of the product is also encouraging the manufacturer this is another factor boosting this market growth. Increasing demand for facial masks sheet and serums will also drive the market growth. Investment in R&D along with demand of skin care products is amplifying the market growth.

CBD based skin care oils to Make Crucial Contribution to Growth of Global CBD Market

CBD based skin care oils led the market and accounted for a share of 40.9% in 2018. These product types have been gaining an increasing popularity in the personal care market. It is highly beneficial for acne, aging, and wrinkle prone skin conditions due to its anti-inflammatory properties. CBD oil also has antioxidant attributes, which help in reducing the visible signs of aging.

Masks and serums are anticipated to expand at the highest CAGR of 33.7% over the forecast period. These CBD infused masks and serums are expected to gain a significant share in the global market. This scenario is attributed to increasing demand for facial mask sheets and serums that penetrate deep in the skin and are easy to apply.

Hemp based skin care products held the largest share of 62.8% in 2019 on account of high fatty acid content of the product. Hemp infused skin care products help in reducing the discomfort by soothing and rejuvenating dry and damaged skin. They also help in controlling aging problems, which is likely to drive the application of this source. Some of the hemp based skin care products include Hempme Organic Face Cream, Origins hemp based hydrating face mask, and Kiehl’s cannabis sativa seed oil.

Rising Demand for CBD skin care products to Benefit North America Market

North America held the largest share of more than 40.0% in 2018 and is expected to be the fastest growing market in the forecast period. Demand for CBD skin care products from North America is expected to remain high due to the presence of a large customer base and legalization of marijuana in the U.S. and Canada. Currently, about 33 states in the U.S. and District of Colombia have legalized cannabis in the U.S., there by making it the largest market in the world. The certification and presence of prominent beauty care manufacturers are expected to contribute to the market growth over the next few years.

Asia Pacific is expected to witness significant growth in the coming years. Protruding beauty expert countries such as China, India, Japan, and Korea are anticipated to offer potential opportunities for the market growth. Although cannabis is largely illegal across Asia, Asian beauty movements such as J-beauty and K-beauty are the leaders of the global skin care market. Therefore, the Asian countries are expected to witness rapid growth in this market.

 Players to Focus on Expanding Applications in global CBD skin care market

Some of the major companies operating in the global market are

• Kiehl’s LLC
• Cannuka LLC.
• Elixinol Global Limited
• Medical Marijuana Inc.
• Endoca LL
• Lord Jones
• VERTLYBALM
• Kapu Maku LLC
• Leef Organics.

Companies are increasingly focusing on product launches and expansion of the distribution channel to gain a prominent visibility among the consumers. For instance, Europe’s first luxury CBD e-commerce site launched high quality cannabis based beauty and hygiene products in the European market. 

Scope of the Report

By Type

• Oils
• Creams & Moisturizers
• Masks & Serums
• Cleansers
• Others

By Source

• Hemp
• Marijuana

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

 It provides a technological development map over time to understand the growth rate of the industry.

2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.

3. It renders definite analysis for changing competitive dynamics.

4. It builds a seven-year estimate based on how the market is predicted to grow.