CBD Skin Care Product Market Growth: Market Trends and Insights
The CBD Skin Care Product Market size was valued at US$ 3.34 billion in 2022 and is projected to reach US$ 20.03 billion by 2030, with a growing CAGR of 25.1% over the forecast period 2023-2030.
The CBD skin care product market has been experiencing a significant surge in recent years, driven by the growing awareness of the potential benefits of CBD for skincare. CBD, or cannabidiol, is a non-psychoactive compound derived from the cannabis plant that is known for its anti-inflammatory and antioxidant properties.
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One of the key factors driving the growth of this market is the increasing demand for natural and organic skincare products. Consumers are becoming more conscious about what they put on their skin and are actively seeking out products with clean ingredients. CBD fits perfectly into this trend as it is a natural compound that can be sourced from organically grown hemp plants.
Moreover, CBD has shown promising results in addressing various skin concerns such as acne, eczema, psoriasis, and aging signs. Its anti-inflammatory properties help soothe irritated skin and reduce redness, while its antioxidant properties protect against free radicals that can damage the skin cells. These benefits have made CBD an attractive ingredient for skincare formulations.
KEY MARKET SEGMENTS
By Product Type
- Lotion and creams
- Masks and serums
- Bath and soaps
By Form Type
By Distribution Channel Type
- Departmental Stores
Major Players Listed in the Report are as Follows:
Cannuka, LLC, The Elixinol Group, Endoca BV, FAB CBD, Kapu Maku LLC, KIEHL’S LLC (L’ORÉAL), LEEF ORGANICS LTD, Lord Jones, Medical, Marijuana, Inc, VERTLYBALM, and Others.
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