CBD Skin Care Market Size, Share & Trends Analysis Report By Product (Oils, Masks & Serums), By Distribution Channel (E-commerce, Department Stores), By Source (Hemp, Marijuana), By Region, And Segment Forecasts, 2023 – 2030
New York, Dec. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “CBD Skin Care Market Size, Share & Trends Analysis Report By Product, By Distribution Channel, By Source, By Region And Segment Forecasts, 2023 – 2030” – https://www.reportlinker.com/p06373221/?utm_source=GNW
CBD Skin Care Market Growth & Trends
The global CBD skin care market size is expected to reach USD 8.62 billion by 2030, registering a CAGR of 31.5% over the forecast period. The awareness regarding CBD-based skin care products has increased significantly over the last few years owing to their excellent medicinal properties. CBD skin care products are gaining immense popularity among consumers owing to their exceptional anti-inflammatory and rich antioxidant properties. In addition, CBD-infused skin care products help in the proper functioning of the endocannabinoid system, which is responsible for balancing various crucial functions of the skin including oil production and melanocyte production, these factors are expected to bode well with the growth of the industry.
Normalized regulations related to the import of CBD cosmetic and personal care products are expected to boost its sales in the coming years.Furthermore, consumers in China are aware of the therapeutic benefits associated with CBD, including reduced skin puffiness, redness, and irritation, and are increasingly integrating them into their regular skin care routines.
Such factors are expected to boost the sales of CBD skin care products in China and other regions as well.The oils segment accounted for the largest share in 2022 and is expected to maintain its dominance throughout the forecast period. The demand for CBD oils for skin care is significantly increasing because of numerous benefits, such as reduced inflammation and irritation.
CBD oil is used to nourish and moisturize the skin.It provides various essential nutrients to the skin that helps protect the skin from peeling, dry patches, cuts, and cracks.
Thus, the growing consumer consciousness for a good appearance is driving the demand for CBD oil-based skin care products. Moreover, the increasing consumer awareness regarding the harmful effects of using chemical-based products is driving the demand for natural and organic skin care products, such as CBD oils.The department store segment was the largestin 2022due to convenience stores’ easy accessibility at nearby locations, they are used more often for purchasing products, thus driving the segment for the said channel. For instance, in January 2021, Avon launched CBD skin care products through its luxury department store.
Moreover, department store products are easily accessible and readily available, which is expected to contribute to the segment’s growth during the forecast period.The hemp-based CBD skin care accounted for the largest share in 2022. A higher concentration of CBD is expected to drive the demand for these products over the forecast period. Producers extract the hemp CBD oil tinctures by using complex extraction methods that leave the hemp-derived CBD oil with no taste and a golden hue, which is expected to increase product visibility among consumers with sensitive skin.The global industry is fragmented with a major share almost equally divided among key players.
CBD Skin Care Market Report Highlights
• North America held the largest revenue share in 2022 owing to the easy production and trade of cannabis in the region
• The masks & serums segment is projected to register the fastest growth rate during the forecast period owing to their easy application and fast results
• E-commerce is estimated to register the fastest CAGR during the forecast period owing to the availability of a wide range of products at a single e-commerce platform or stores
• Hemp-based CBD products are expected to maintain dominance over the forecast period owing to their rising popularity among skin-conscious consumers
Read the full report: https://www.reportlinker.com/p06373221/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
The Black-ish actress took to Instagram to share her gorgeous pics
If you're still looking for the best men's stocking stuffers, you're in luck! Shop a Coach wallet, cologne, the world's smallest power bank and more.
If you ask us, there are few things more refreshing in the entertainment world than when celebrities share make-up free selfies. When you work in Hollywood, it’s basically your job to look flawless and glamorous 24/7. Going to a big premiere? Bring on the beauty squad. Got a hot date night? Ooh, a nighttime look. […]
The brand's creator tells PEOPLE that "challenging the norms" in the beauty space made her nervous
Jame Lopez, star of WE TV’s Super Sized Salon and founder of Babydoll Beauty Couture, has died. The television personality was 37. News of Lopez’s death was confirmed by the beauty salon’s Instagram account which also shared a carousel of photos in honor of the late entrepreneur. “On behalf of the Babydoll Beauty Couture team, […]
The 55-year-old actress depends on this face and body cream to keep her youthful glow.
Moss previously wore her hair in this pink shade in an iconic photo shot by Juergen Teller in 1998
Zendaya debuted a new bob haircut at the Euphoria FYC event in LA. She was reunited with her co-stars Maude Apatow, Hunter Schafer and Sydney Sweeney.
Best gifts for her under $50, $100, $200 and splurge options. Thoughtful gift ideas in 2022 from Amazon, Apple, and more for every type of woman.
The reality TV star was the founder of Babydoll Beauty Couture
Christmas is this Sunday! Here's a list of affordable gifts for last-minute shoppers on a budget.
Consider this the ultimate guide to the in-office treatment that provides bloody-good hair results.
With ideas like the Diamond Dazzle Stik, Winc wine and Kate Spade gloves, these stocking stuffers for women will be a hit on Christmas morning
Cleanse your skin without drying it out with cleansing balms from Elemis, Clinique, Versed, Cerave, Belif, The Inkey List, Youth To The People and more.
Wells Fargo is predicting big things for Disney's sports behemoth ESPN in 2023.
Magna is buying a smaller part of the Veoneer portfolio, after losing a bidding war for the whole company with Qualcomm last year.
European Union antitrust watchdogs charged Meta Platforms, Inc (NASDAQ: META) for distorting competition in the markets for online classified ads by bundling the Facebook Marketplace to its social network. The European Commission paved the way for potential fines or changes to its business model, Bloomberg reports. EU Antitrust Commissioner Margrethe Vestager voiced disapproval for Meta tying its dominant social network Facebook to its online classified ad services Facebook Marketplace, leaving
In many ways, the Bank of Japan's bolt from the blue on Tuesday was the perfect bookend to what has been one of the most tumultuous years ever for financial markets. The BOJ's effective policy tightening impact on Japanese assets was instant and sizeable – the Nikkei slumped 2.5%, the yen had its best day in years and the 10-year JGB yield posted its biggest rise in almost two decades. The effect on global markets, however, may be more of a slow burner.
In its outlook for next year, the investment firm advises shifting away from large-cap technology stocks in favor of smaller caps with better valuations.
A proposed bill will lay out crypto supervisory powers of the Central Bank of Nigeria and the country's securities regulator, an official has said.