CBD Skin Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

  • Single User License $1500

CBD Skin Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : January, 2023 | Consumer Goods

Report Digest

Global CBD Skin Care Market: Overview

Market prospects and interest of cosmetic companies in CBD (cannabidiol, its FDA-regulated name) have stemmed from its numerous medical and therapeutic benefits. CBD is bereft of marijuana’s tetrahydrocannabinol (THC) content, has wide-ranging beneficial effects in skin care, such as in acne control and anti-aging. The drive for CBD skin care market has gathering strength on the back of a growing body of studies ascertaining the anti-inflammatory effects of CBD on skin. CBD skin care has also gathered steam in personal care due to its antioxidant effect. Moreover, it is considered to reduce sensitivity of skin and various other problems that arise due to this.

The study on the CBD skin care market strives to offer a comprehensive assessment of the market proposition of various formulations, prospects in various end-use industries, and current opportunities in emerging economies of the world. The analysts take a closer look at the changes in consumer preferences and regulatory norms in various parts of the world, to shed light on how growth trajectories will be affected in near future.

Global CBD Skin Care Market: Key Developments

CBD brands in developed nations have started taking active interest in skin care and beauty care segments. An emerging hemp-derived CBD brands HUGS Wellness has in June 2020 announced that it aspired to enter the CBD skin care market with exciting launches. It has recently launched chamomile clay mask and eye serum. The Austin-based company through CBD skin care hopes to explore new possibilities in personal and beauty care industry. Through the product, the company aims at meeting the skin inflammation, wrinkles, and irritation reduction needs of its consumers.

Such product launches will inevitable expand the horizon of CBD skin care market. The company has based its products on rigorous testing of extracts and CBD in them.

Some of the well-entrenched players in the CBD skin care market looking to gain sizable shares by the end of 2028 are the CBD Skincare.co,           Myaderm, LEEF Organics, Kiehl’s, Josie Maran Cosmetics, Earthlybody (CBD Daily), and Cannuka, LLC. Several players are leaning on offering clean labelling to attract prospective consumers.

Global CBD Skin Care Market: Growth Dynamics

The study of the CBD skin care market takes a closer look at key drivers and restraints shaping its growth dynamics. The analysis also provides a detailed scrutiny of the key consumer and industry trends in CBD that will impact opportunities for personal and beauty care product manufacturers in various parts of the world.

A key driver of CBD skin care market is the vast purported benefits of CBD in anti-wrinkle and anti-aging formulations. The demand for exotic formulations spurs consumers’ interest in hemp-derived CBD formulations. Further, growing spending on appearances among young adults, men as well as women, has spurred interest in CBD skin care market. Moreover, millennials are showing interest in exotic plant-based formulations for the care of sensitive skin types.

Global CBD Skin Care Market: Regional Analysis

On the regional front, North America has emerged as a remarkable lucrative market with vast revenue potential. A large number of research and development has been made in part of the U.S. and Canada on evaluating the beneficial effects of CBD on various kin types. Further, several beauty care brands are keen on entering the CBD care market by launching new products in the region. Moreover, a favorable regulatory outlook toward the therapeutic use of CBD oil has helped cement the prospects of the regional market.

On the other hand, the opportunities in Asia Pacific are expected to rise at promising pace.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?