CBD Skin Care Market to grow at a CAGR of 24.90 percent to reach USD 3014.32 Mn by 2029

(EMAILWIRE.COM, January 07, 2024 ) As per Maximize Market research, the total global market for “CBD Skin Care” was USD 635.7 Mn in 2022 and is expected to grow at a CAGR of 24.90 percent over the forecast period to reach USD 3014.32 Mn by 2029.

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CBD Skin Care Market Report Scope and Research Methodology

The report includes CBD Skin Care Market size estimation, the growth rate, and existing and future market trends. A thorough report includes the drivers, restraints, upcoming opportunities, and challenges of the CBD Skin Care Market. For the analysis of the market, data was collected using both primary and secondary methods.

CBD Skin Care Market Dynamics

Increasing awareness about the potential benefits of CBD (cannabidiol) in skincare, including anti-inflammatory and antioxidant properties, has been a significant driver. Consumers are giving more importance to health and wellness which also drives the demand for natural and health beauty products in market.

CBD Skin Care Market Regional Insights

North America dominated the largest market share in 2022 due to its favorable regulation environment. For instance, cleaner regulations help to provide businesses to operate within legal boundaries.

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CBD Skin Care Market Segmentation

By Product Type

Oils

Lotion and Creams

Masks and Serums

Bath and Soaps

Others

By Application

Facial care

Body Care

By Source

Hemp

Marijuana

By Distribution Channel

Departmental Stores

E-Commerce

Hypermarkets/Supermarkets

Retail Pharmacies

Others

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CBD Skin Care Market Key Competitors include:

Cannuka, LLC

CBD For Life

Earthly Body

Elixinol Global Limited

Endoca Company

Green Growth Brands

Herbivore botanicals

IldiPekar Skin Care & Spa

Isodiol International Inc

Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:

CBD Edibles Market– The market size is expected to reach USD 28.5 Bn by 2029 at a CAGR of 13.6 percent during the forecast period.

CBD Hemp Oil Market– Market size is expected to reach USD 17.47 Bn by 2029 at a CAGR of 16.5 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.