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CBD Skin Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 148 pages | ID: C8B149F8D52CEN
IMARC Group

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Market Overview:

The global CBD skin care market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21% during 2023-2028.

Cannabidiol (CBD) is a natural compound found in Cannabis sativa plants, which includes marijuana and hemp plants. It is extracted in the form of powder and is usually used for various skin care purposes. It is commonly mixed with oils, including coconut, olive, or hemp oil, to increase the effectiveness of CBD in varied applications. The skincare and personal care products infused with CBD possess various beneficial skin-soothing, relaxing, anti-anxiety, pain-relieving, anti-inflammatory, hydrating, and antioxidant properties that aid in treating dry skin and certain inflammatory skin disorders. These products also help in enhancing sleep patterns and managing skin diseases such as psoriasis, eczema, and pimples.

CBD Skin Care Market Trends:

Growing awareness among the masses about the benefits of CBD skin care products across the globe is creating a positive outlook for the market. CBD products are widely used among consumers with dermatological disorders, such as sensitivity, inflammation, acne, and dryness. In line with this, the strong inflammatory properties of CBD help lower the life span of breakouts and eczema flare-ups while promoting the skin’s natural healing process, which, in turn, is favoring the market growth. Additionally, the legalization of cannabis for medical and recreational purposes is acting as another growth-inducing factor. Apart from this, the growing focus on minimizing production costs and introducing sustainable methods for the development of CBD skin care products to ensure optimum and judicious use of resources is providing an impetus to the market growth. Moreover, the widespread product utilization, as it helps in the proper functioning of the endocannabinoid system responsible for balancing various crucial functions of the skin, including oil production and melanocyte production, is positively influencing the market growth. Besides this, the rising expenditure capacities of consumers and surging funding from various governments to expand the future growth of CBD skin care are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global CBD skin care market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, source, price range and distribution channel.

Breakup by Product Type:

Oils

Lotion and Creams

Masks and Serums

Bath and Soaps

Others

Breakup by Source:

Hemp

Marijuana

Breakup by Price Range:

Economic

Premium

Breakup by Distribution Channel:

Hypermarkets and Supermarkets

Departmental Stores

Online Stores

Retail Pharmacies

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aurora Cannabis Inc., Cannuka LLC, Canopy Growth Corporation, Curaleaf Holdings Inc., Dixie Brands Inc., Earthly Body, Elixinol Wellness Limited, High Tide Inc., Kapu Maku LLC (Populum), Kiehl's LLC (L'Orйal S.A.), Lord Jones, Medical Marijuana Inc. and Myaderm.

Key Questions Answered in This Report:

How has the global CBD skin care market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global CBD skin care market?

What are the key regional markets?

What is the breakup of the market based on the product type?

What is the breakup of the market based on the source?

What is the breakup of the market based on the price range?

What is the breakup of the market based on the distribution channel?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global CBD skin care market and who are the key players?

What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CBD SKIN CARE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Oils
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Lotion and Creams
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Masks and Serums
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Bath and Soaps
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY SOURCE

7.1 Hemp
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Marijuana
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY PRICE RANGE

8.1 Economic
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Premium
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Hypermarkets and Supermarkets
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Departmental Stores
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Online Stores
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Retail Pharmacies
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Aurora Cannabis Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Cannuka LLC
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Canopy Growth Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
  15.3.4 Curaleaf Holdings Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Dixie Brands Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Earthly Body
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Elixinol Wellness Limited
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
  15.3.8 High Tide Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9 Kapu Maku LLC (Populum)
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Kiehl's LLC (L'Orйal S.A.)
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Lord Jones
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Medical Marijuana Inc.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
  15.3.13 Myaderm
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio

LIST OF TABLES

Table 1: Global: CBD Skin Care Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: CBD Skin Care Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: CBD Skin Care Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: CBD Skin Care Market Forecast: Breakup by Price Range (in Million US$), 2023-2028
Table 5: Global: CBD Skin Care Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: CBD Skin Care Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: CBD Skin Care Market: Competitive Structure
Table 8: Global: CBD Skin Care Market: Key Players

LIST OF FIGURES

Figure 1: Global: CBD Skin Care Market: Major Drivers and Challenges
Figure 2: Global: CBD Skin Care Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: CBD Skin Care Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: CBD Skin Care Market: Breakup by Product Type (in %), 2022
Figure 5: Global: CBD Skin Care Market: Breakup by Source (in %), 2022
Figure 6: Global: CBD Skin Care Market: Breakup by Price Range (in %), 2022
Figure 7: Global: CBD Skin Care Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: CBD Skin Care Market: Breakup by Region (in %), 2022
Figure 9: Global: CBD Skin Care (Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: CBD Skin Care (Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: CBD Skin Care (Lotion and Creams) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: CBD Skin Care (Lotion and Creams) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: CBD Skin Care (Masks and Serums) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: CBD Skin Care (Masks and Serums) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: CBD Skin Care (Bath and Soaps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: CBD Skin Care (Bath and Soaps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: CBD Skin Care (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: CBD Skin Care (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: CBD Skin Care (Hemp) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: CBD Skin Care (Hemp) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: CBD Skin Care (Marijuana) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: CBD Skin Care (Marijuana) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: CBD Skin Care (Economic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: CBD Skin Care (Economic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: CBD Skin Care (Premium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: CBD Skin Care (Premium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: CBD Skin Care (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: CBD Skin Care (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: CBD Skin Care (Departmental Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: CBD Skin Care (Departmental Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: CBD Skin Care (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: CBD Skin Care (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: CBD Skin Care (Retail Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: CBD Skin Care (Retail Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: CBD Skin Care (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: CBD Skin Care (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: CBD Skin Care Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: CBD Skin Care Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: CBD Skin Care Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: CBD Skin Care Industry: SWOT Analysis
Figure 87: Global: CBD Skin Care Industry: Value Chain Analysis
Figure 88: Global: CBD Skin Care Industry: Porter's Five Forces Analysis


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