CBD Skincare Market: Notable Developments & Geographical Outlook

 Driven by the rising demand from the personal care sector, the CBD skincare market is expected to register CAGR of ~26% between 2020 and 2030, finds Future Market Insights (FMI) in its study.

Known for its several medical benefits and healing properties, cannabidoil (CBD) applications have gradually penetrated into skincare businesses. CBD offers numerous antioxidant and anti-inflammatory benefits that can help in treatment various skin problems.

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While there are limited studies on CBD benefits, it is in general considered safe for topical use.  The World Health Organization’s (WHO’s) Expert Committee on Drug Dependence (ECDD) has concluded in November 2017 that in its pure state CDB is unlikely have potential harm.

The report on the CBD skincare market is intended to help market players gauge investment feasibility across the key segments. It discovers hidden opportunities within the market as well as cautions companies against potential threats.

The global market for CBD skin care is witnessing growth due to the ability of these products to treat various skin conditions. Growing awareness about the benefits of CBD skin care products has boosted their adoption by the personal care industry. CBD is used for the treatment of skin care conditions such as dry skin, psoriasis, eczema, and acne. According to FMI, this is expected to remain a key factor driving the demand for CBD skin care at the global level.

By Segment:

Based on product type

  • CBD oil
  • serums
  • creams & moisturizers
  • cleansers
  • sunscreens
  • other products

Based on Sales Channel

  • hypermarkets/supermarkets
  • drug stores & pharmacies
  • specialty outlets
  • online retailers
  • others

Based on product type

  • CBD oil
  • serums
  • creams & moisturizers
  • cleansers
  • sunscreens
  • other products

Including CBD as a key ingredient in cosmetic products is a key trend prevailing in Europe’s beauty market. At the start of 2019, Holland & Barrett an innovative line of CBD infused cosmetics from Eos Scientific.

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CBD products can be now found across various retailers in Europe, including Sephora and Boots besides various online platforms.

Throughout the world, various suppliers have been busy innovating and launching cosmetic products including CBD ingredients in the market. CBD in skin care is clearly a burgeoning trend in the beauty industry.

The trend has penetrated in Latin America as well, as the region witnessed a spurt of business initiatives and product launches containing CBD thanks to a more favourable regulatory approach.

While hemp is being used in beauty treatments since ages, researchers claim that incorporating CBD ingredients is now in key focus among manufacturers. There will be more emphasis on natural and organic ingredients especially since consumers are rendered more conscientious.

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Major Key Players:

Some of the key players operating in the CBD skincare market are include Green Growth Brands, Kiehl’s LLC, Cannuka, LLC, The CBD Skincare Company, Vertly Hemp, Leela Body Care Company CBD For Life, Josie Maran Cosmetics, Lord Jones, Fab CBD Company, Kapu Maku LLC, IldiPekar Skin Care & Spa, Mazz Hanna, Kana Skincare, Leef Organics, Earthly, Body, Myaderm, Elixinol Global Limited, Medical Marijuana Inc., Naturally Splendid, and Endoca LLC.

 

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