CBD Skincare Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,

CBD Skincare Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,

Global CBD skincare market is anticipated to grow during the forecast period due to the rising spending on skincare and a growing demand for herbal products.

A non-intoxicating chemical called cannabidiol (CBD) is frequently powdered from hemp or marijuana plants and can be used in a number of skin care procedures. The skincare and personal care products containing cannabidiol (CBD) have several beneficial skin soothing, calming, anti-anxiety, pain-relieving, moisturizing, antioxidant, and anti-inflammatory properties that aid in the treatment of dry skin or some inflammatory skin conditions.

Cannabidiol (CBD) skincare has become increasingly popular because of its successful application for many skin advantages. Additionally, they serve to improve a person's physiological and cognitive functioning as well as regulate mood, pain, and memory. They are also more effective in treating inflammation, anxiety, and sleeplessness. One of the 113 cannabinoids found in cannabis plants, cannabidiol (CBD), makes up 40% of the plant's extract. As a result, its rising popularity due to its advantages is anticipated to support market expansion throughout the forecast period.

Sleep specialists frequently utilize CBD oils as an active component in aromatherapy. Patients with OSA reported better sleep as a result of the relaxing effects of CBD oil. Additionally, because of its anti-inflammatory effects, CBD oil-infused products are frequently utilized for the treatment of psoriasis and acne. Throughout the forecast period, the existence of multifunctional benefits in CBD-infused skin care products is anticipated to drive the market's overall revenue growth.

Increasing Number of Product Launches Boost Market Growth

New products are being introduced by companies to attract new customers, boosting demand and assisting the international expansion of the CBD skincare market. For instance, in 2022, in the United Arab Emirates, business partners Yann Moujawaz and Juana Martini introduced their CBD-based skincare line, Juana Skin. The skincare line Juana Skin's sole goal is to use the strong properties of farm-fresh CBD in combination with medicinal botanical extracts to produce products that have been clinically shown to balance and calm people's skin... Additionally, in 2020, Botanika Life introduced a variety of CBD-infused skincare products. Products from the sustainably sourced Botanika Life collection are made entirely of hemp that is cultivated and processed in the United States and offers health advantages for the skin.

Growing Number of Skin Problems Drive Market Growth

The increasing number of skin problems due to pollution and harmful skincare products drive the market for CBD skincare globally, during the forecast period. In response to the alarming rise in pollution and strong UV radiation, which can cause skin burns, blackening, and skin cancer, consumers are turning to CBD-infused cosmetics and skin care products. In the US, 1.8 million people are expected to experience SCC (Squamous cell carcinoma) occurrences each year. According to market dynamics, sales of skin care products are being helped by customers' growing knowledge of the newest products on the market that can treat specific skin conditions such as acne, dark circles, pigmentation, etc.

Rising Focus on New Marketing Strategies Aids Market Growth

Companies are concentrating on innovative marketing techniques to draw customers to their products, which boosts market demand and expansion. For instance, in December 2021, Sentient Brands introduced its Oeuvre influencer marketing and social media campaign. Also in January 2022, the company planned on launching videos showing Oeuvre product and survey results on its website and in paid advertisements. Sentient Brands, a CBD & THC product development, brand management and operating company, has also created a customer-focused and data-driven digital architecture that will enable the company to continuously analyze its Oeuvre product launch plans and constantly refine the most successful influencer campaigns and channels.. Therefore, the increasing company’s focus on new marketing strategies for satisfying the needs of the consumers, fuels the CBD skincare market globally during the forecast period.

Surging the Popularity of Social-Media Platforms Fuels Product Demand

High internet penetration has been heavily credited with raising consumer awareness of skincare products across a number of countries. All social media platforms, including Twitter, Facebook, Snapchat, and Instagram have the most active users globally. The trend of social media influencers posting about their beauty routines has increased recently, and both domestic and international beauty companies have teamed up with influencers to increase brand recognition and communicate with potential customers. In Australia, there were 21.45 million social media users in 2022. Online shopping on social media was utilized by 6 million Australians, in 2022. Therefore, the increasing internet penetration and rising popularity of social media platforms in various countries fuel the CBD skincare products market during the forecast period.

Market Segmentation

The global CBD Skincare market is segmented into product type, source type, distribution channel, and region. Based on the product type, the market is segmented into creams, moisturizers, lotions, balms, serums, face & body cleaners, sunscreens, and others. Based on source type, the market is segmented into hemp and marijuana. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, multi-branded stores, pharmacy & drug stores, online and non-retail. The market analysis also studies regional segmentation to devise regional market segmentation.

Company Profile

Cannuka, LLC, Earthly Body, Kapu Maku LLC (Populum LTD), Sephora USA, Inc., The CBD Skincare Co, CBD For Life, Endoca BV, Leef Organics LTD, Redwood Wellness, LLC (Lord Jones), and Myaderm Inc, etc. are the major market players in the global platform that lead the market of the CBD skincare market.

Report Scope:

In this report, the global CBD skincare market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• CBD Skincare Market, By Product Type:
• Creams
• Moisturizers
• Lotions
• Balms
• Serums
• Face & Body Cleaners
• Sunscreens
• Others
• CBD Skincare Market, By Source Type:
• Hemp
• Marijuana
• CBD Skincare Market, By Distribution Channel:
• Supermarkets/Hypermarkets
• Specialty Stores
• Multi-Branded Stores
• Pharmacy & Drug Stores
• Online
• Non-Retail
• CBD Skincare Market, By Region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Turkey

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global CBD skincare market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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