Press release
CBD Skincare Products Market Analysis in Good Shape in 2025; COVID-19 to Affect Future Growth Trajectory
CBD Skincare Products Market
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Market USP
Increasing popularity of natural skin care products
Growth Opportunities in the Market
Widespread use of moisturizers and creams: The moisturizers and creams segment dominated the global CBD skincare products market in 2018 and is expected to remain dominant during the forecast period. Moisturizers and creams are used by men and women on a daily basis to hydrate the skin. The rising prevalence of skin problems such as acne, wrinkles, and dark circles has influenced manufacturers to offer CBD-infused creams to treat skin issues.
Organic CBD skincare products: Consumers across the globe are adopting organic personal care products. The organic skin care products market accounted for approximately USD 4.5 billion in 2018. High instances of skin sensitivity and increasing awareness of the harmful effects of chemicals on the skin are leading to an increase in the demand for organic skincare products. This is projected to drive the growth of the organic CBD skincare products market during the forecast period.
Specialty stores a popular channel for CBD skincare product sales: Specialty stores are the preferred choice for consumers buying CBD skincare products. Retailers specializing in the distribution of personal care products are increasing the shelf space for CBD skincare products. In the US, pharmacies have started stocking CBD skincare products as well. However, e-commerce portals are gaining popularity among consumers due to the ease of home shopping and availability of choices, which is expected to result in the non-store-based segment registering the higher CAGR in the coming years.
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Key Players
L'Oréal S.A. (France)
Cannuka, LLC (US)
Elixinol Global Limited (Australia)
Medical Marijuana Inc. (US)
Endoca BV (Netherlands)
Redwood Wellness, LLC (US)
Leef Organics (US)
Green Growth Brands (US)
The CBD Skincare Company (US)
Kana Skincare (US)
Vertly Hemp (US)
Myaderm (US)
Marijuana Company of America, Inc. (US)
CBD For Life LLC (US)
Estée Lauder Companies (US)
Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
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