Global Cannabidiol (CBD) Skin Care Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

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Global Cannabidiol (CBD) Skin Care Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

  • FMCG
  • Upcoming Report
  • Nov 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cbd Skin Care Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2025 –2032
Diagram Market Size (Base Year)
USD 2.07 Billion
Diagram Market Size (Forecast Year)
USD 16.50 Billion
Diagram CAGR
%
Diagram Major Markets Players
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Global Cannabidiol (CBD) Skin Care Market Segmentation, By Source (Hemp, Marijuana), Type (Oil, Creams and Moisturizers, Masks and Serums, Cleansers, Others), Application (Mass Market, Smoke Shops, E-commerce, others), Distribution (Online Sales, Offline Sales) – Industry Trends and Forecast to 2032

Cannabidiol (CBD) Skin Care Market

Cannabidiol (CBD) Skin Care Market Analysis

Cannabidiol (CBD) skin care has largely gained popularity due to its effective usage for various skin benefits. Moreover, they are also further effective in tackling inflammation, anxiety and insomnia and also helps to improve the physiological and cognitive functions in an individual along with regulation the mood, pain and memory. Cannabidiol (CBD) is one of 113 identified cannabinoids in cannabis plants and accounts for up to 40% of the plant's extract. As a result, its increased popularity regarding its benefits is projected to aid the market growth over forecast period.

Cannabidiol (CBD) Skin Care Market Size

Global cannabidiol (CBD) skin care market size was valued at USD 2.07 billion in 2024 and is projected to reach USD 16.50 billion by 2032, with a CAGR of 29.60% during the forecast period of 2025 to 2032.

Report Scope and Market Segmentation       

Attributes

Cannabidiol (CBD) Skin Care Key Market Insights

Segmentation

  • By Source: Hemp, Marijuana
  • By Type: Oil, Creams and Moisturizers, Masks and Serums, Cleansers, Others), Application (Mass Market, Smoke Shops, E-commerce, others
  • By Application: Mass Market, Smoke Shops, E-commerce, others
  • By Distribution: Online Sales, Offline Sales

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Key Market Players

Canopy Growth Corporation (Canada), The Cronos Group (Canada), Tilray. (U.S.), Hexo (Canada), CannTrust (Canada), Aurora Cannabis Inc. (Canada), GW Pharmaceuticals plc. (UK), VIVO Cannabis Inc. (Canada), Alkaline88, LLC. (U.S.), NewAge Inc. (U.S.), Cannara. (Canada), Dixie Brands (U.S.), KANNAWAY LLC. (U.S.), The Supreme Cannabis Company, Inc (Canada), CANNABIS Aphria (Canada), CURA CS, LLC. (U.S.), KAZMIRA  (U.S.), Curaleaf (U.S.) and CannazALL (U.S.)

Market Opportunities

  • Growing Technological Advancements
  • Funding and Research and Development (R&D) Activities

Cannabidiol (CBD) Skin Care Market Definition

Cannabidiol (CBD) is a non-intoxicating compound, which is generally extracted from marijuana or hemp plants in the form of powder and is used for various skin care purposes. The skincare and personal care products infused with cannabidiol (CBD) possess various types of beneficial skin-soothing, relaxing, anti-anxiety, pain-relieving properties, hydrating, antioxidant and anti-inflammatory properties which aids in treating dry skin or certain inflammatory skin disorders.

Cannabidiol (CBD) Skin Care Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Growing Awareness Regarding its Benefits

The cannabidiol skin care is becoming increasingly popular across the globe, owing to the increased awareness about the benefits of cannabidiol and its medicinal properties. Moreover, the increasing adoption of CBD skin care products as it possess antioxidant properties counteracting the signs of aging boosts the overall demand for the cannabidiol (CBD) skin care market.

Furthermore, the factors such as surge in public-private funding for targeted research activities, high disposable income, rapid urbanization, changing lifestyles, and rising product innovations and development due to technological advancements worldwide boost the market value. Moreover, increased internet penetration, continued product development and commercialization, government supportive regulations for the use of cannabis-related products, particularly in developing nations, and rising per capita expenditure will all contribute to the market's future growth rate.

Opportunities

  • Growing Technological Advancements

Furthermore, the increasing number of technological advancements driven with a view to minimize the production costs coupled with the developmental operations directed towards sustainable development to ensure optimum and judicious use of resources generate lucrative opportunities to the market players in the forecast period of 2025 to 2032.

  • Funding and Research and Development (R&D) Activities

The surging funding from federal government pertaining to the research and development proficiencies are projected to expand the future growth of the cannabidiol (CBD) skin care market. Moreover, the various research and development (R&D & R&D) activities aimed at lowering THC content and a growing emphasis on obtaining faster regulatory approval will positively influence market growth.

Restraints/Challenges

  • Issues Associated with Raw Material Prices and Availability

Fluctuations or volatility in the cost of raw materials hampers the overall market's growth. Furthermore, the cannabidiol (CBD) skin care ' 'market's expansion is being hampered by the inconsistent availability of raw materials in one location.

  • Norms, Standards and Regulations

The government's imposition of rigorous rules on a wide variety of industrial applications relevant to industrial activities will further slow the market's growth pace. Lack of standardization rules, a lack of awareness in backward economies regarding the benefits and high costs of cannabis products, and a shift in the demand-supply spectrum due to regulatory strengthening in the Asia-Pacific area would exacerbate the market position. As a result, these factors are estimated to challenge the cannabidiol (CBD) skin care market over the forecast period.

Additionally, the CBD skin care products can induce skin swelling, itching, and peeling. This factors will further stymie market expansion.

This cannabidiol (CBD) skin care market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cannabidiol (CBD) skin care market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Cannabidiol (CBD) Skin Care Market Scope

The cannabidiol (CBD) skin care market is segmented on the basis of source, type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

  • Hemp
  • Marijuana

Type

  • Oil
  • Creams and Moisturizers
  • Masks and Serums
  • Cleansers
  • Others

 Application

  • Mass Market
  • Smoke Shops
  • E-commerce
  • others

Distribution

  • Online Sales
  • Offline Sales

Cannabidiol (CBD) Skin Care Market Regional Analysis

The cannabidiol (CBD) skin care market is analyzed and market size insights and trends are provided by country, source, type, application and distribution channel as referenced above.

The countries covered in the cannabidiol (CBD) skin care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2025-2032. The market growth over this region is attributed to the legalization of marijuana in Canada and U.S and the presence of large number of key players within the region.

On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2025-2032, due to the rising awareness about the benefits of cannabidiol-infused beauty products within this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Cannabidiol (CBD) Skin Care Market Share

The cannabidiol (CBD) skin care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cannabidiol (CBD) skin care market.

Cannabidiol (CBD) Skin Care Market Leaders Operating in the Market Are:

  • Canopy Growth Corporation (Canada)
  • The Cronos Group (Canada)
  • Tilray. (U.S.)
  • Hexo (Canada)
  • CannTrust (Canada)
  • Aurora Cannabis Inc. (Canada)
  • GW Pharmaceuticals plc. (UK)
  • VIVO Cannabis Inc. (Canada)
  • Alkaline88, LLC. (U.S.)
  • NewAge Inc. (U.S.)
  • Cannara. (Canada)
  • Dixie Brands (U.S.)
  • KANNAWAY LLC. (U.S.)
  • The Supreme Cannabis Company, Inc (Canada)
  • CANNABIS Aphria (Canada)
  • CURA CS, LLC. (U.S.)
  • KAZMIRA  (U.S.)
  • Curaleaf (U.S.)
  • CannazALL (U.S.)

Latest Developments in Cannabidiol (CBD) Skin Care Market

  • In December 2021, Sentient Brands has launched its Oeuvre influencer and social media marketing campaign. According to Sentient Brands, Oeuvre's product design, formulas, and disruptive "Luxury Clean Beauty" branding strategy set it apart in a market cluttered with homogeneous CBD skincare products. The Company's Oeuvre social media marketing plan is now focusing on influencer marketing and paid advertising on Instagram, Facebook, and Pinterest


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Frequently Asked Questions

Growing Awareness Regarding its Benefits are the growth drivers of the Cannabidiol (CBD) Skin Care Market.
The source, type, application, and distribution channel are the factors on which the Cannabidiol (CBD) Skin Care Market research is based.
The major companies in the Cannabidiol (CBD) Skin Care Market are Canopy Growth Corporation (Canada), The Cronos Group (Canada), Tilray. (U.S.), Hexo (Canada), CannTrust (Canada), Aurora Cannabis Inc. (Canada), GW Pharmaceuticals plc. (UK), VIVO Cannabis Inc. (Canada), Alkaline88, LLC. (U.S.), NewAge Inc. (U.S.), Cannara. (Canada), Dixie Brands (U.S.), KANNAWAY LLC. (U.S.), The Supreme Cannabis Company, Inc (Canada), CANNABIS Aphria (Canada), CURA CS, LLC. (U.S.), KAZMIRA (U.S.), Curaleaf (U.S.) and CannazALL (U.S.)