CBD Skincare Products Market Growth, Demand, Industry Developments, Regional Analysis, Business Strategies and Forecast by 2030

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The CBD skincare product market refers to the segment of the beauty and personal care industry that focuses on products infused with cannabidiol (CBD), a non-psychoactive compound derived from the cannabis plant. CBD has gained popularity in skincare due to its potential anti-inflammatory, antioxidant, and soothing properties. CBD skincare products typically include items such as creams, lotions, serums, masks, and cleansers, formulated to address various skin concerns such as acne, inflammation, aging, and dryness. The market for CBD skincare products has witnessed significant growth in recent years, driven by increasing consumer interest in natural and organic ingredients, as well as growing awareness of CBD's potential benefits for skin health. However, regulatory uncertainty and quality control issues remain challenges for industry stakeholders. Nonetheless, the CBD skincare product market is expected to continue expanding as more consumers seek out alternative and holistic approaches to skincare.

CBD Skincare Product Market Size was estimated at USD 5,238.5 million in 2021. The CBD skincare products industry is projected to grow from USD 5,526.6 million in 2022 to USD 8,039.4 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.5% throughout the forecast period (2022 - 2030).

Key Companies in the CBD skincare product market include

  • L'Oréal S.A.
  • Cannuka LLC
  • Elixinol Global Limited
  • Medical Marijuana Inc.
  • Endoca BV
  • Redwood Wellness LLC
  • Leef Organics
  • Green Growth Brands
  • The CBD Skincare Company
  • Kana Skincare
  • Vertly Hemp
  • Myaderm
  • Marijuana Company Of America Inc.
  • CBD For Life LLC
  • Estée Lauder Companies

Drivers, restraints, and opportunities-

The growth of the CBD skin care market is driven by a rise in preference toward sustainable skin care products and surge in awareness and acceptance of cannabis.  On the other hand, regulatory imposition on product manufacturing & marketing and high probabilities of product contamination hamper the growth to some extent. Nevertheless, growth in revenue through online sales channels are expected to offer lucrative opportunities for the key players in the industry. 

Key questions answered in the report:

  • Which are the five top players of the CBD skin care market?
  • How will the CBD skin care market change in the next five years?
  • Which product and application will take a lion’s share of the CBD skin care market?
  • What are the drivers and restraints of the CBD skin care market?
  • Which regional market will show the highest growth?
  • What will be the CAGR and size of the CBD skin care market throughout the forecast period?

CBD Skincare Products Industry Developments

April 2022:

 Icanic Brands Company, Inc., a multi-state brand operator of premium cannabis brands in California, announced the acquisition of all of the common stock (the "Leef Shares") of LEEF Holdings, Inc. ("LEEF"), a California-based extractions company, under the terms of a merger agreement (the "Merger Agreement") between the Company and its wholly-owned subsidiary.

July 2021:

 Bombay Hemp Company, an Indian company specializing in hemp and CBD health and wellness products, has expanded its skin care product line as consumer interest in hemp oils and CBD beauty products grows. To address diverse skin concerns, the product line comprises facial creams, balms, and lotions.

Browse The Related Report:@

https://www.marketresearchfuture.com/reports/quick-service-restaurants-qsr-market-10541

https://www.marketresearchfuture.com/reports/probiotic-cosmetics-market-10554

https://www.marketresearchfuture.com/reports/bicycle-apparels-accessories-market-10572

https://www.marketresearchfuture.com/reports/cylindrical-locks-market-10575

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Market Research Future (part of Wantstats Research and Media Private Limited), 

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