CBD skincare products Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Cannabidiol, or CBD, is a compound obtained from the marijuana or hemp plant. CBD is commonly used in skincare products due to its ability to minimize inflammation and pain associated with inflammatory skin disorders. It has a variety of properties, including anti-inflammatory, antioxidant, and skin calming properties. They can also aid in the natural healing of the skin.

MARKET DYNAMICS

CDB skincare has antioxidant properties that combat aging signs, particularly in the geriatric population, which boosts the market growth. Increasing public perception of the product's healing properties also motivates the manufacturer; this is another factor driving market development. Since CBD skincare products can cause skin swelling, itching, and peeling, will hamper the market growth.

MARKET SCOPE

The "CBD skincare products Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the CBD skincare products market with detailed market segmentation by type and distribution channel. The global CBD skincare products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading CBD skincare products market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

By Type

  Oil

  Creams & Moisturizers

  Masks & Serums

  Bath and soaps

  Others

By Distribution Channel

•   Supermarkets and hypermarkets
  
•   Departmental Stores
  
•   Online Retail
  
•   Others
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global CBD skincare products market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The CBD skincare products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the CBD skincare products market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the CBD skincare products market in these regions.

MARKET PLAYERS

The report covers vital developments in the CBD skincare products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the CBD skincare products market are anticipated to lucrative growth opportunities in the future with the rising demand for CBD skincare products in the global market. Below mentioned is the list of few companies engaged in the CBD skincare products market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the CBD skincare products market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

- Leef Organics
- L'Oreal
- Kana Skincare
- Estee Lauder
- Varm Cosmo
- CBD Biotech
- Cannuka LLC
- Fab CBD Company
- Endoca LLC.
- Lord Jones

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

CBD skincare products Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Oil Creams and Moisturizers Masks and Serums Bath and soaps By Distribution Channel Supermarkets and hypermarkets Departmental Stores Online Retail
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Leef Organics L'Oreal Kana Skincare Estee Lauder Varm Cosmo CBD Biotech Cannuka LLC Fab CBD Company Endoca LLC.