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Global CBD Skin Care Market to reach USD 9044.6 Million by the end of 2030

Global CBD Skin Care Market Size study & Forecast, by Product Type (Oils, Lotions and Creams, Masks and Serums, Bath and Soaps, Others), by Source (Hemp, Marijuana), by Distribution Channel (Departmental Stores, E-Commerce, Hypermarkets/Supermarkets, Retail Pharmacies, Others) and Regional Analysis, 2023-2030

Product Code: OIRPC-86509027
Publish Date: 10-08-2023
Page: 200

Global CBD Skin Care Market is valued at approximately USD 1537 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 24.8% over the forecast period 2023-2030. Cannabidiol, also known as CBD, is a non-intoxicating substance that is obtained from marijuana or hemp plants. To boost the efficiency of CBD in a variety of applications, it is typically combined with different types of oils, such as hemp, coconut, or olive oil. Products made from CBD oil have a variety of beneficial features, such as those that are anti-inflammatory, antioxidant, and soothing to the skin. CBD oil is one of the main ingredients in many cosmetic and personal care products as it combines such exceptional qualities. The holistic advantages of CBD-infused skin care products have come to light after the legalization of marijuana and cannabis-based cosmetics. Increasing awareness of CBD infused skin care products among consumers, the growing impact of social media on skincare and the increase in e-commerce channel sales of CBD are the driving factors that are boosting the growth of CBD skincare market.

The increasing awareness of CBD infused skin care products among consumers is driving the growth of the CBD skin care market. Consumers are becoming more knowledgeable about the potential benefits of CBD for skincare, leading to a rising demand for CBD-infused products. This trend is prompting companies to develop and expand their range of CBD skin care offerings to cater to this growing consumer interest. According to Statista, in 2018, the global market for skin care products containing cannabidiol (CBD) was estimated to be worth around 710 million US dollars. By 2024, it is predicted that the market would be worth 959 million dollars. According to another survey by Statista on the influence of social media on consumer buying decisions in India in March 2022, it was revealed that 76% of respondents purchased skincare and cosmetics as a result of the influence of social media and 70% of participants said that social media influenced their purchases of personal care items, thus driving the market growth. Moreover, technological and innovative advancements while creating CBD skin care and the rising trends in skincare and wellness may create lucrative opportunities for the growth of the market in the forecast years. However, the strict regulation by government authorities on CBD based skin care products due to their THC content stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global CBD Skin Care Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to consumer’s awareness and interest in CBD-infused products, including skincare, a well-developed beauty and skincare market, and a strong retail presence and e-commerce growth. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising consumer awareness regarding the benefits of CND-infused products, growing beauty and personal care industry and increasing influence of K-beauty and J-beauty.

Major market player included in this report are:
Populum (Kapu Maku LLC)
Sephora USA, Inc.
Earthly Body
Kiehl’s LLC
The CBD Skincare Co.
Cannuka, LLC
Josie Maran Cosmetics
Leef Brands Inc. (Icanic Brands Company, Inc.)
Folium Biosciences
Pacific Roots LLC
Recent Developments in the Market:
Ø In March 2022, Lotus introduced the Hemp Youth Glow product line, featuring organic hemp seed oil obtained through a cold-pressed process. This line of products not only offers natural skincare benefits but also helps combat signs of aging, addressing age-related concerns effectively.
Ø In July 2022, Global, a medical cannabis company, has recently unveiled its new CBD-hemp skincare line called Fuss Pot. This product line is now available both in physical stores and online, catering to the growing demand for CBD-infused skincare products. The introduction of Fuss Pot showcases Global’s entry into the CBD skincare market, capitalizing on the increasing popularity of CBD in the beauty and wellness industry.
Ø In July 2021, Bombay Hemp Company, an Indian company specializing in hemp and CBD health & wellness products, recently introduced new skincare items. This launch is a direct response to the rising consumer interest in hemp oils and CBD beauty products. The introduction of these new skincare items reflects the growing market relevance of CBD skincare, as more consumers seek out natural and CBD-infused options for their skincare routines.

Global CBD Skin Care Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Source, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Lotions and Creams
Masks and Serums
Bath and Soaps

By Source:

By Distribution Channel:
Departmental Stores
Retail Pharmacies

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. CBD Skin Care Market, by Region, 2020-2030 (USD Million)
1.2.2. CBD Skin Care Market, by Product Type, 2020-2030 (USD Million)
1.2.3. CBD Skin Care Market, by Source, 2020-2030 (USD Million)
1.2.4. CBD Skin Care Market, by Distribution Channel, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global CBD Skin Care Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global CBD Skin Care Market Dynamics
3.1. CBD Skin Care Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing awareness of CBD infused skin care products Growing impact of social media on skin care Increase in e-commerce channel sales of CBD
3.1.2. Market Challenges Regulatory impositions from government bodies
3.1.3. Market Opportunities Technological advancements in CBD Formulation Rising wellness and skincare trends
Chapter 4. Global CBD Skin Care Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global CBD Skin Care Market, by Product Type
5.1. Market Snapshot
5.2. Global CBD Skin Care Market by Product Type, Performance – Potential Analysis
5.3. Global CBD Skin Care Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
5.4. CBD Skin Care Market, Sub Segment Analysis
5.4.1. Oils
5.4.2. Lotions and Creams
5.4.3. Masks and Serums
5.4.4. Bath and Soaps
5.4.5. Others
Chapter 6. Global CBD Skin Care Market, by Source
6.1. Market Snapshot
6.2. Global CBD Skin Care Market by Source, Performance – Potential Analysis
6.3. Global CBD Skin Care Market Estimates & Forecasts by Source 2020-2030 (USD Million)
6.4. CBD Skin Care Market, Sub Segment Analysis
6.4.1. Hemp
6.4.2. Marijuana
Chapter 7. Global CBD Skin Care Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global CBD Skin Care Market by Distribution Channel, Performance – Potential Analysis
7.3. Global CBD Skin Care Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Million)
7.4. CBD Skin Care Market, Sub Segment Analysis
7.4.1. Departmental Stores
7.4.2. E-Commerce
7.4.3. Hypermarkets/Supermarkets
7.4.4. Retail Pharmacies
7.4.5. Others
Chapter 8. Global CBD Skin Care Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. CBD Skin Care Market, Regional Market Snapshot
8.4. North America CBD Skin Care Market
8.4.1. U.S. CBD Skin Care Market Product Type breakdown estimates & forecasts, 2020-2030 Source breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada CBD Skin Care Market
8.5. Europe CBD Skin Care Market Snapshot
8.5.1. U.K. CBD Skin Care Market
8.5.2. Germany CBD Skin Care Market
8.5.3. France CBD Skin Care Market
8.5.4. Spain CBD Skin Care Market
8.5.5. Italy CBD Skin Care Market
8.5.6. Rest of Europe CBD Skin Care Market
8.6. Asia-Pacific CBD Skin Care Market Snapshot
8.6.1. China CBD Skin Care Market
8.6.2. India CBD Skin Care Market
8.6.3. Japan CBD Skin Care Market
8.6.4. Australia CBD Skin Care Market
8.6.5. South Korea CBD Skin Care Market
8.6.6. Rest of Asia Pacific CBD Skin Care Market
8.7. Latin America CBD Skin Care Market Snapshot
8.7.1. Brazil CBD Skin Care Market
8.7.2. Mexico CBD Skin Care Market
8.8. Middle East & Africa CBD Skin Care Market
8.8.1. Saudi Arabia CBD Skin Care Market
8.8.2. South Africa CBD Skin Care Market
8.8.3. Rest of Middle East & Africa CBD Skin Care Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Populum (Kapu Maku LLC) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Sephora USA, Inc.
9.3.3. Earthly Body
9.3.4. Kiehl’s LLC
9.3.5. The CBD Skincare Co.
9.3.6. Cannuka, LLC
9.3.7. Josie Maran Cosmetics
9.3.8. Leef Brands Inc. (Icanic Brands Company Inc.)
9.3.9. Folium Biosciences
9.3.10. Pacific Roots LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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