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2020
Cbd Skin Care Market

CBD Skin Care Market

by Product Type (Oils, Lotion & Creams, Masks & Serums, Bath & Soaps, and Others), Source (Hemp and Marijuana), and Distribution Channel (Departmental Stores, E-Commerce, Hypermarkets/Supermarkets, Retail Pharmacies, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A05926
Pages: 263
Jan 2020 | 15620 Views
Author(s) : Shankar B , Roshan D
Tables: 116
Charts: 51
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The global CBD skin care market size was valued at $633.6 million in 2018 and is anticipated to reach $3,484.00 million by 2026, with a CAGR of 24.80% during the forecast period. The CBD skin care market exhibits an incremental revenue opportunity of $2,747.4 million from 2019 to 2026. CBD (known as cannabidiol) is the non-intoxicating compound extracted from marijuana or hemp plants. CBD is extracted in the form of powder, and is usually mixed with an various types of oils including olive, coconut, or hemp oil, to increase the effectiveness of CBD in varied applications. CBD oil based products are comprised of various types of properties including, anti-inflammatory, antioxidant, and skin soothing. The presence of such outstanding properties in one single blend make CBD oil as one of the key components in skin care and personal care products. 

Holistic benefits of CBD infused skin care products are in spotlight after the legalization of marijuana and cannabis based cosmetics. CBD infused skin product is gaining popularity among consumers due to its calming properties. It has a potential to relive common skin issue through its anti-inflammatory, anti-oxidant properties. CBD-based skin care product also offers various benefits such as improved sleep and also helps in the treatment of various skin conditions such as eczema and psoriasis, as well as acne. The unique benefits associated with CBD based skin care has been capitalized by cosmetic companies. These companies are promoting CBD infused skin care products as “natural cosmetic” in the market. The multi-functional attributes of these products is expected to propel the demand for CBD skin care products.

CBD Skin Care Market

CBD oils are largely used as an active aromatherapy ingredient by sleep specialists. The calming properties of CBD oil are responsible for improved sleep among patient suffering from OSA. Moreover, the CBD oil infused products are largely used for the treatment of acne and psoriasis due to its anti-inflammatory properties. The presence of multi-functional benefits in CBD infused skin product is expected to fuel the revenue growth of the overall CBD skin care market forecast period.

Personal care industry is witnessing a shift toward CBD infused skin care products. According to California-based Hemp Industries Association (HIA), there were $147 million worth of hemp-based personal care products sold in the U.S. market in 2015. Majority of these personal care products were imported from the neighboring country, Canada. The sale of American-produced hemp-based personal care products has been increased double fold owing to acceptance of multi-channel distribution by wholesales, private labelers, and other importers. These stakeholders are developing a separate product line of CBD infused personal care products. This product line comprises skin care, hand care, and lip moisturizer products. Companies are primarily marketing their products for health benefits associated with CBD in skin care products. The innovative positioning of CBD infused skin care products coupled with effective distribution strategies are expected to boost the CBD Skin Care market growth during the forecast period.

CBD Skin Care Market
By Product Type

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Oil segment dominates the global market and is expected to retain its dominance throughout the forecast period.

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CBD based skin care products are largely regulated by authorities due to its THC content. Many developed countries does not clear guidelines on the use of CBD oil in personal care industry, which has resulted in limited sales of these products. Countries, such as Australia, Germany, and France have strict regulation on use of CBD in skin care products. These regulatory impositions from government authorities impedes the growth of CBD skin care product in the developed regions. The wellness hemp and medical cannabis nascent industry is witnessing a constant pressure from regulatory bodies despite their significant benefits. Such existence of regulatory pressure is expected to limit CBD skin care market share during the forecast period.

CBD Skin Care Market
By Form

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Hemp segment dominates the global market and is expected to retain its dominance throughout the forecast period.

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The CBD skin care market segmentation is categorized on the basis of product type, source, distribution channel, and region. By product type, CBD skin care market is categorized into oils, lotion and creams, masks and serums, bath and soaps and others. By form, it is bifurcated into hemp and marijuana. By distribution channel, it is classified into departmental stores, e-commerce, hypermarkets/supermarkets, retail pharmacies, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).

CBD Skin Care Market
By Distribution Channel

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Departmental stores segment is expected to grow at a highest CAGR of 23.5% during the forecast period.

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The CBD skin care market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America and Europe regions have strong revenue opportunity in the market. These regions offer lucrative growth opportunity for new entrants as well as established manufacturers owing to increased spending on personal care and cosmetic products and rise in incidences of skin diseases such as psoriasis, and acne. Moreover, favorable regulations and close monitoring of CBD based skin care product manufacturing is promoting the revenue growth CBD infused skin care products in these regions. The liberalization of hemp and marijuana cultivation in Canada is expected to play an important role in the growth of CBD based personal care products. In addition, the continuous efforts in terms of R&D from leading cosmetic companies are expected to boost the growth of product innovations in the CBD Skin Care market analysis.

CBD Skin Care Market
By Region

2026
North America 
Europe
Asia Pacific
Lamea

North America dominates the market and is expected to grow with a CAGR of 24.3% during the forecast period

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The key players operating in the global CBD Skin Care industry include Kiehl’s LLC, Cannuka LLC, Leef Organics, Medical Marijuana Inc., Lord Jones, Kapu Maku LLC, VERTLYBALM, Elixinol Global Limited, Fab CBD Company, and Endoca LLC. Other CBD Skin Care market players identified in the value chain are L’Oreal, Varm Cosmo, L’Eela, Apothecanna, Charlotte’s Web Holdings, Kana Skincare, Josie Maran Cosmetics, Cronos Group, CBD Biotech, and Estee Lauder.

Key Benefits for Stakeholders:

  • The report provides detailed qualitative and quantitative analysis of the current CBD Skin Care market trends and future estimations that help evaluate the share and the CBD Skin Care market opportunity.
  • The key drivers, restraints, opportunities, and detailed market analysis are elucidated in the study.
  • The market analysis is conducted by following key product positioning and monitoring the top competitors within the industry.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable market growth.
  • Industry player positioning segment facilitates benchmarking and provides a clear understanding of the present position of players in CBD skin care market

CBD Skin Care Market Report Highlights

Aspects Details
BY PRODUCT TYPE
  • OILS
  • LOTION 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
BY REGION
  • NORTH AMERICA  (US, CANADA, MEXICO)
  • EUROPE  (GERMANY, UK, FRANCE, ITALY, Spain, REST OF EUROPE)
  • ASIA-PACIFIC  (CHINA, INDIA, JAPAN, AUSTRALIA, SOUTH KOREA, REST OF ASIA-PACIFIC)
  • LAMEA  (LATIN AMERICA, MIDDLE EAST, AFRICA)
Key Market Players Cannuka, LLC, The Elixinol Group, Endoca BV, FAB CBD, Kapu Maku LLC, KIEHL'S LLC (L'ORÉAL), LEEF ORGANICS LTD, Lord Jones, Medical Marijuana, Inc, VERTLYBALM
 

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Stringent government regulations and compliances are expected to boost the growth of CBD oil in personal care applications. Close monitoring on hemp and marijuana cultivations for cosmetic products from regulatory authorities is playing an important role in increasing the overall production of CBD based skin care products. Many organizations and authorities have implemented certain regulations on the use of CBD oil in cosmetic products. For example, European Union provided some details on the use of CBD oil under cosmetics regulation CE 1223/2009. This regulatory prohibits the use of narcotics in cosmetic products. This regulation considers cannabis, cannabis resin, extracts, and tinctures as narcotics and excluded seed and leaves. Hence, cannabidiol, for cosmetic product, can only be derived from seeds or leaves not accompanied by the tops. 

The market is strongly regulated by government authorities. The scope and usage of cannabidiol varies from country to country. In Canada, cannabis sativa seed oil is authorized with an amount of THC of 10 μg/g. The close watch from these regulatory bodies enforce the production process to follow set GMP during manufacturing. As a result, the manufacturers are focusing on setting up new production facilities for their CBD product portfolio. These companies are innovatively promoting their product offering through various channel strategies and are mainly focusing on e-commerce platforms. These stakeholders are anticipated to witness significant growth in CBD skin care products owing to the outstanding benefits and “natural” content.

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FREQUENTLY ASKED QUESTIONS?

A. The global CBD skin care was valued at $633.6 million in 2018.

A. The global CBD skin care is projected to reach $3,484.0 million by 2026, registering a CAGR of 24.8% from 2019 to 2026.

A. North America and Europe will provide more business opportunities for CBD Skin Care products in coming years. The US, EU5 countries would be largest consumer of CBD skin care product in future.

A. The key players in CBD skin care market are Kiehl’s LLC, Cannuka LLC, Leef Organics, Medical Marijuana Inc., Lord Jones, Kapu Maku LLC, VERTLYBALM, Elixinol Global Limited, Fab CBD Company, and Endoca LLC

A. Oils, lotion and cream are the leading segments in the CBD skin care market. CBD oil has anti-inflammatory benefits which makes CBD a suitable ingredient for acne-prone skin, while its calming benefits help reactive skin look and feel better. These benefits of CBD oils are making it a desirable product for skincare.

A. The CBD Skin Care Market is projected to register a CAGR of 24.8% from 2019 to 2026.

A. The forecast period in the CBD skin care market report is from 2019 to 2026.

A. The active players in the CBD skin care market are Kiehl’s LLC, Cannuka LLC, Leef Organics, Medical Marijuana Inc., Lord Jones, Kapu Maku LLC, VERTLYBALM, Elixinol Global Limited, Fab CBD Company, Endoca LLC, L’Oreal, Varm Cosmo, L’Eela, Apothecanna, Charlotte’s Web Holdings, Kana Skincare, Josie Maran Cosmetics, Cronos Group, CBD Biotech, Estee Lauder etc.

A. CBD masks when applied topically helps in reducing the redness and inflammation and it also helps in improving skin conditions such as rosecea, rashes, irritation, and acne. CBD can also reduce oil production to balance the condition of the skin and can provide a mattifying effect.

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