CBD Skin Care Market Booms as Consumers Shift Toward Wellness-Oriented Beauty

MARKET OVERVIEW:
The global CBD skin care market, valued at USD 1.8 billion in 2024, is projected to grow to USD 8.4 billion by 2033, expanding at a CAGR of 17.42%. The demand for natural and organic beauty products, coupled with CBD’s anti-inflammatory and healing properties, are key drivers of growth. Consumer awareness of CBD's benefits in skincare, alongside innovations in product formats, further supports this upward trajectory.

STUDY ASSUMPTION YEARS:

• BASE YEAR: 2024
• HISTORICAL YEAR: 2019-2024
• FORECAST YEAR: 2025-2033

CBD SKIN CARE MARKET KEY TAKEAWAYS:

• The market is projected to grow from USD 1.8 billion in 2024 to USD 8.4 billion by 2033, with a CAGR of 17.42%.
• Strong demand for natural, organic beauty products and CBD’s skin healing benefits.
• Increased research and development in CBD skincare products.
• Significant growth in e-commerce distribution channels.
• North America leads the market with high awareness of CBD's skincare benefits.

MARKET GROWTH FACTORS:

• Increasing Demand for Natural Skincare Products:
  The demand for natural skincare is one of the biggest drivers for CBD skincare products. Consumers want organic and plant-based products and are moving away from shi ethical alternatives. Since CBD is a natural ingredient derived from the cannabis plant, it fits right into this story. Its anti-inflammatory and antioxidant qualities help the skin, and this, in turn, aids many skin problems and thus encourages consumers' preference for CBD products.
• Technological Advancements and Product Innovation:
  Companies are heavily investing in R&D to create innovative formulations in the CBD skincare realm. An array of products is emerging-from lotions and oils to serums and face masks-to cater to a variety of consumer needs. Anti-aging products and stress relief masks are being rolled out by brands, growing the market potential for these products. These innovations facilitate extending the product range and increasing customer satisfaction.
• Regional Demand and Regulatory Support:
  The North American CBD skincare market is most active, where consumers are well aware of the benefits of CBD. Another growth factor has been the relatively free and favorable regulatory environment concerning products with a cannabis origin. As regulations elsewhere begin to loosen, particularly in Europe, there is a forecast for the rapid growth of the global CBD skincare segment, which, therefore, is going to enhance adoption in the world.

MARKET SEGMENTATION:

• By Product Type:
  • Oils: Used for moisturizing and hydrating the skin.
  • Lotion and Creams: Offer daily skincare routines, promoting skin healing and nourishment.
  • Masks and Serums: Designed for intensive skin treatments, focusing on specific issues like acne and aging.
  • Bath and Soaps: CBD-infused products for soothing the skin during bathing.
  • Others: Includes CBD skincare products in different formats.
• By Source:
  • Hemp: Derived from hemp plants, primarily used for its non-psychoactive benefits.
  • Marijuana: Derived from marijuana plants, offering therapeutic properties for specific skin issues.
• By Price Range:
  • Economic: Budget-friendly options for consumers seeking affordable CBD skincare products.
  • Premium: High-end CBD skincare products offering advanced formulations and luxury benefits.
• By Distribution Channel:
  • Hypermarkets and Supermarkets: Large-scale retail outlets where CBD skincare products are increasingly available.
  • Departmental Stores: High-end department stores offering premium CBD skincare products.
  • Online Stores: A growing distribution channel driven by e-commerce platforms.
  • Retail Pharmacies: Available through pharmacies catering to wellness-focused consumers.
  • Others: Includes other regional and niche distribution channels.
• Breakup by Region:
  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
  • Middle East and Africa

REGIONAL INSIGHTS:
North America has common dominion over CBD skincare as consumer awareness remains high along with an increasing preference for natural products. The regulatory environment has been very supportive for growth in this segment, especially assisted by product innovation and marketing in the U.S.

RECENT DEVELOPMENTS & NEWS:
Companies have set their sights on product line expansion as a strategy for augmenting market growth; newer product introductions include CBD-infused face masks and anti-aging serums. The key step of the season came in March 2024, when Yon-Ka Paris released a CBD-skin serum to combat stress-related skin damages. These innovations keep thrusting the growth of the CBD skincare market forward.

KEY PLAYERS:

• 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'Oréal S.A.)
• Lord Jones
• Medical Marijuana Inc.
• Myaderm

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. 

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.