Global CBD Skin Care Market Outlook
CBD or cannabidiol is derived from the hemp plant. It is very beneficial for people who are suffering from insomnia, anxiety, stress, and other problems. These CBD are widely used in skin care products because they can decrease the inflammation and pain caused by seditious skin disorders. They also can support the skins natural healing process and can decrease the lifespan of eczema/psoriasis flare-ups. Oils, masks & serum, cleansers, and others are some of the common types of CBD.
Top Driver: Increasing adoption of CBD skincare products acts as a market driver
The increasing adoption of CBD skincare products acts as a market driver. CDB skincare possesses 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 the demand for skin care products is amplifying the market growth.
CBD based skincare oils to Make Crucial Contribution to Growth of Global CBD Market
CBD-based skincare oils led the market and accounted for a share of 40.9% in 2018. These product types have been gaining 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 the increasing demand for facial mask sheets and serums that penetrate deep into the skin and are easy to apply.
Hemp-based skincare products held the largest share of 62.8% in 2019 on account of the high fatty acid content of the product. Hemp-infused skin care products help in reducing 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 skincare products include Hempme Organic Face Cream, Origins hemp-based hydrating face mask, and Kiehls cannabis Sativa seed oil.
Rising Demand for CBD skincare 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 skincare products from North America is expected to remain high due to the presence of a large customer base and the legalization of marijuana in the U.S. and Canada. Currently, about 33 states in the U.S. and the District of Colombia have legalized cannabis in the U.S., thereby 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.
The Asia Pacific is expected to witness significant growth in the coming years. Protrudingbeauty expert countries such as China, India, Japan, and Korea are anticipated to offer potential opportunities for 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 skincare market. Therefore, Asian countries are expected to witness rapid growth in this market.
Players to Focus on Expanding Applications in the global CBD skincare market
Some of the major companies operating in the global market are
Kiehls 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 prominent visibility among the consumers. For instance, Europes 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
Rest Of World
Key Reasons to Purchase this Report
1. 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 a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global CBD skin care Market Forces
5.1 Whats Driving the Market
5.2 Porters Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
Chapter 6 Global CBD skin care Market -Industry Snapshots
6.1 Overview
6.1.1 Global CBD skin care Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
Chapter 7 Global CBD skin care Market Analysis, by Source
7.1 Overview
7.2 Key Findings for CBD skin care Market- By source
7.2.1 CBD skin care Market- Hemp
7.2.2 CBD skin care Market- Marijuana
Chapter 8 Global CBD skin care Market Analysis, by Type
8.1 Overview
8.2 Key Findings for CBD skin care Market- By Type
8.2.1 CBD skin care Market- Oil
8.2.2 CBD skin care Market- polyethylene terephthalate (pet)
8.2.3 CBD skin care Market- Creams & Moisturizers
8.2.4 CBD skin care Market- Masks & Serums
CBD skin care market by Type 4, 2019 - 2028 (USD Million)
Chapter 9 CBD skin care Market Analysis by Region
9.1 Key Findings for CBD skin care Market- By region
9.2 Overview
9.2.1 Global CBD skin care Market Analysis, By Type, 2019 - 2028
9.2.2 Global CBD skin care Market Analysis, By Product Type, 2019 - 2028
9.3 CBD skin care Market North America
9.3.1 Overview
9.3.2 U.S.
9.3.3 Canada
9.3.4 Mexico
9.3.5 North America Market, By Type
9.3.6 North America Market, By Product Type
9.4 CBD skin care Market Europe
9.4.1 Overview
9.4.2 Germany
9.4.3 United Kingdom
9.4.4 France
9.4.5 Italy
9.4.6 Rest Of Europe
9.4.7 Europe Market, By Type
9.4.8 Europe Market, By Product Type
9.5 CBD skin care Market Asia Pacific
9.5.1 Overview
9.5.2 China
9.5.3 Japan
9.5.4 India
9.5.5 Rest of APAC
9.5.6 Asia Pacific Market, By Type
9.5.7 Asia Pacific Market, By Product Type
9.6 CBD skin care Market Rest Of World
9.6.1 Overview
9.6.2 Middle East & Africa (MEA)
9.6.3 South America
9.6.4 Rest Of World
9.6.5 South America, Middle East and Africa Market, By Type
9.6.6 South America, Middle East and Africa Market, By Product Type
Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
10.1.3 Recent Developments
Chapter 11 Company Profiles- Snapshot
11.1 Ecogen Labs
11.1.1 Business Fundamentals
11.1.2 Financial Snapshots
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 are Kiehls
11.3 Cannuka
11.4 LLC
11.5 Elixinol Global Limited
11.6 Medical Marijuana, Inc.
11.7 ENDOCA.
11.8 Lord Jones.
11.9 VERTLYBALM
11.10 Pacific Roots
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies
Chapter 12 Appendix
List Of Tables
TABLE 1 CBD skin care market by source 1, 2019 - 2028 (USD Million)TABLE 2 CBD skin care market by source 2, 2019 - 2028 (USD Million)
TABLE 3 CBD skin care market by Type 1, 2019 - 2028 (USD Million)
TABLE 4 CBD skin care market by Type 2, 2019 - 2028 (USD Million)
TABLE 5 CBD skin care market by Type 3, 2019 - 2028 (USD Million)
TABLE 6 Global CBD skin care Market Value, By Type, 2019 - 2028 (US$ Bn)
TABLE 7 Global CBD skin care Market Value, By Product Type, 2019 - 2028 (US$ Bn)
TABLE 8 CBD skin care Market Analysis by North America (USD Million), 2019 - 2028
TABLE 9 U.S. CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 10 U.S. CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 11 U.S. CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 12 Canada CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 13 Canada CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 14 Canada CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 15 Mexico CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 16 Mexico CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 17 Mexico CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 18 CBD skin care Market Analysis by Europe (USD Million), 2019 - 2028
TABLE 19 Germany CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 20 Germany CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 21 Germany CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 22 United Kingdom CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 23 United Kingdom CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 24 United Kingdom CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 25 France CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 26 France CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 27 France CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 28 Italy CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 29 Italy CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 30 Italy CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 31 Rest Of Europe CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 32 Rest Of Europe CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 33 Rest Of Europe CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 34 CBD skin care Market Analysis by Asia Pacific (USD Million), 2019 - 2028
TABLE 35 China CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 36 China CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 37 China CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 38 Japan CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 39 Japan CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 40 Japan CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 41 India CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 42 India CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 43 India CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 44 Rest of APAC CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 45 Rest of APAC CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 46 Rest of APAC CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 47 CBD skin care Market Analysis by Rest Of World (USD Million), 2019 - 2028
TABLE 48 Middle East & Africa (MEA) CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 49 Middle East & Africa (MEA) CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 50 Middle East & Africa (MEA) CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 51 South America CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 52 South America CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 53 South America CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
TABLE 54 Rest Of World CBD skin care Market, 2019 - 2028 (USD Million)
TABLE 55 Rest Of World CBD skin care Market, By Type, 2019 - 2028 (USD Million)
TABLE 56 Rest Of World CBD skin care Market, By Product Type, 2019 - 2028 (USD Million)
List Of Figures
FIG. 1 Global CBD skin care : Market SegmentationFIG. 2 Global CBD skin care Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porters Five Forces Analysis
FIG. 6 Global CBD skin care Market Value, 2019 - 2028, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global CBD skin care Market Value Contribution, By Type, 2019 & 2026 (%)
FIG. 9 Global CBD skin care Market Value Contribution, By Product Type, 2019 & 2026 (%)
FIG. 10 Global CBD skin care Market Value, 2019 - 2028, (US$ Bn)
FIG. 11 North America CBD skin care Market Value, 2019 - 2028, (US$ Bn)
FIG. 12 CBD skin care Market Segment 1 North America
FIG. 13 CBD skin care Market Segment 2 North America
FIG. 14 CBD skin care U.S. outlook, 2019 & 2026
FIG. 15 CBD skin care Canada outlook, 2019 & 2026
FIG. 16 CBD skin care Mexico outlook, 2019 & 2026
FIG. 17 Europe CBD skin care Market Value, 2019 - 2028, (US$ Bn)
FIG. 18 CBD skin care Market Segment 1 Europe
FIG. 19 CBD skin care Market Segment 2 Europe
FIG. 20 CBD skin care Germany outlook, 2019 & 2026
FIG. 21 CBD skin care United Kingdom outlook, 2019 & 2026
FIG. 22 CBD skin care France outlook, 2019 & 2026
FIG. 23 CBD skin care Italy outlook, 2019 & 2026
FIG. 24 CBD skin care Rest Of Europe outlook, 2019 & 2026
FIG. 25 Asia Pacific CBD skin care Market Value, 2019 - 2028, (US$ Bn)
FIG. 26 CBD skin care Market Segment 1 Asia Pacific
FIG. 27 CBD skin care Market Segment 2 Asia Pacific
FIG. 28 CBD skin care China outlook, 2019 & 2026
FIG. 29 CBD skin care Japan outlook, 2019 & 2026
FIG. 30 CBD skin care India outlook, 2019 & 2026
FIG. 31 CBD skin care Rest of APAC outlook, 2019 & 2026
FIG. 32 Rest Of World CBD skin care Market Value, 2019 - 2028, (US$ Bn)
FIG. 33 CBD skin care Market Segment 1 Rest Of World
FIG. 34 CBD skin care Market Segment 2 Rest Of World
FIG. 35 CBD skin care Middle East & Africa (MEA) outlook, 2019 & 2026
FIG. 36 CBD skin care South America outlook, 2019 & 2026
FIG. 37 CBD skin care Rest Of World outlook, 2019 & 2026
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