According to a report, “CBD Skin Care Market Size, Share & Trends Analysis Report By Source (Hemp, Marijuana), By Type (Oils, Creams & Moisturizers, Masks & Serums, Cleansers), By Region, And Segment Forecasts, 2019 – 2025” published by Grand View Research, Inc., the global cbd skin care market size is expected to reach USD 1.7 billion by 2025, expanding at a CAGR of 32.9% over the forecast period. The healing properties of CBD ingredients are expected to encourage the manufacturers to develop products infused with these ingredients, thereby driving the market in the coming years.
CBD is considered safe and effective for all skin types but is particularly useful for people who struggle with sensitivity, inflammatory conditions, acne, and dryness related to the skin. Owing to these strong inflammatory properties, CBD helps in the skin’s natural healing process, lowering the life span of breakouts and eczema flare-ups. CBD also showcases potential antioxidant properties that can help in counteracting signs of aging. It can even help in reducing pain caused by inflammatory skin conditions.
According to the EU cosmetic ingredient database, hempseed oil also acts as a surfactant, cleanser, emollient, and conditioner agent. Hemp molecules are very minute, which further allows it to effectively penetrate the skin and provide effective results. Hemp based products held the largest share of 62.8% in 2018 on account of the high fatty acid content of the product. Hemp infused 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.
CBD Skin Care Market Report Highlights
On the basis of type, the masks and serums segment is expected to expand at a CAGR of 33.7% during the forecast period. The growth can be attributed to the rising demand for facial mask sheets and serums that penetrate deep into the skin.
On the basis of source, hemp based skin care products held the largest share of 62.8% in 2018 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.
North America dominated the market with a market share of 40.0% in 2018. The demand for the product is due to the presence of a large customer base and the legalization of marijuana in the U.S. and Canada.
The Asia Pacific region is expected to witness lucrative growth during the forecast period. Prominent beauty expert countries such as China, India, Japan, and Korea are anticipated to offer potential opportunities for market growth.
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CBD Skin Care Market Segmentation
Grand View Research has segmented the global CBD skin care market on the basis of source, type, and region:
CBD Skin Care Source Outlook (Revenue, USD Million, 2015 – 2025)
CBD Skin Care Type Outlook (Revenue, USD Million, 2015 – 2025)
Creams & Moisturizers
Masks & Serums
CBD Skin Care Regional Outlook (Revenue, USD Million, 2015 – 2025)
Central & South America
Middle East & Africa
Key Players in the CBD Skin Care Market
Elixinol Global Limited
Medical Marijuana Inc.
The CDB Skincare Co.
Kapu Maku LLC
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