HEALTHCARE
Global CBD Skin Care Product Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global CBD Skin Care Product Market, By Source (Hemp, Marijuana), Product Type (Creams, Moisturizers and Lotions, Balm, Serums, Face & Body Cleansers, Sunscreens, Soaps, CBD Oils, Others ), Packaging Type (Pumps and Dispensers, Tubes, Jar/ Bottles, Sticks, Others), Distribution Channel (Hypermarkets and Supermarkets, Departmental Stores, Online Stores, Retail Pharmacies, Others), Price Range (Economic, Premium), End-user (Men, Women), Application (Mass Market, Smoke Shops, E-commerce, Others) Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global CBD skin care product market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
CBD skin care products are cosmetics infused with cannabidiol (CBD), a non-psychoactive chemical extracted from cannabis plants. These products usually consist of oils, serums, creams, and masks intended to nourish and enhance skin health. CBD is thought to have anti-inflammatory, antioxidant, and calming qualities, making it useful for treating acne, eczema, and aging skin. The CBD skin care product market includes these products' global production, distribution, and sale. It involves a variety of stakeholders, including CBD extractors, product producers, retailers, and customers. The market is being driven by rising consumer awareness of CBD's potential advantages, growing acceptance of cannabis-derived products, and increased research into CBD's dermatological applications. Regulatory and quality standards are important in determining market dynamics and customer trust.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rising acceptance and legalization of cannabis-derived products.
- Growing demand for anti-inflammatory and antioxidant skincare solutions.
RESTRAINTS
- Regulatory complexities and varying legal status of CBD across regions.
- Limited clinical evidence supporting CBD's skincare benefits.
OPPORTUNITIES
- Expansion into new markets with relaxed regulatory environments.
- Innovations in product formulations and delivery methods.
CHALLENGES
- Concerns over product quality, consistency, and labeling accuracy.
- Competitive pressures from traditional skincare brands and alternative natural ingredients
SEGMENTATION
- Source
- Hemp
- Marijuana
- Product Type
- Creams
- Moisturizers and Lotions
- Balm
- Serums
- Face & Body Cleansers
- Sunscreens
- Soaps
- CBD Oils
- Others
- Packaging Type
- Pumps and Dispensers
- Tubes
- Jar/ Bottles
- Sticks
- Others
- Distribution Channel
- Hypermarkets and Supermarkets
- Departmental Stores
- Online Stores
- Retail Pharmacies
- Others
- Price Range
- Economic
- Premium
- End-user
- Men
- Women
- Application
- Mass Market
- Smoke Shops
- E-commerce
- others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Canopy Growth Corporation
- The Cronos Group
- Tilray
- Hexo
- CannTrust
- Aurora Cannabis Inc.
- GW Pharmaceuticals plc.
- VIVO Cannabis Inc.
- Alkaline88, LLC.
- NewAge Inc.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global CBD Skin Care Product Market, by Source
- 3.2 Global CBD Skin Care Product Market, by Product Type
- 3.3 Global CBD Skin Care Product Market, by Packaging Type
- 3.4 Global CBD Skin Care Product Market, by Distribution Channel
- 3.5 Global CBD Skin Care Product Market, by Price Range
- 3.6 Global CBD Skin Care Product Market, by End-user
- 3.7 Global CBD Skin Care Product Market, by Application
- 3.8 Global CBD Skin Care Product Market, by Geography
- 3.9 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing consumer interest in natural and organic skincare products.
- 5.1.2 Growing awareness of CBD's potential benefits for skin health.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rising acceptance and legalization of cannabis-derived products.
- 5.2.2 Growing demand for anti-inflammatory and antioxidant skincare solutions.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Regulatory complexities and varying legal status of CBD across regions.
- 5.3.2 Limited clinical evidence supporting CBD’s skincare benefits.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion into new markets with relaxed regulatory environments.
- 5.4.2 Innovations in product formulations and delivery methods.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Concerns over product quality, consistency, and labeling accuracy.
- 5.5.2 Competitive pressures from traditional skincare brands and alternative natural ingredients
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY SOURCE
- 6.1 Source Summary
- 6.2 Market Attractive Index
- 6.3 Global CBD Skin Care Product Market, by Source (2019-2032)
- SECTION 7 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY PRODUCT TYPE
- 7.1 Product Type Summary
- 7.2 Market Attractive Index
- 7.3 Global CBD Skin Care Product Market, by Product Type (2019-2032)
- SECTION 8 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY PACKAGING TYPE
- 8.1 Packaging Type Summary
- 8.2 Market Attractive Index
- 8.3 Global CBD Skin Care Product Market, by Packaging Type (2019-2032)
- SECTION 9 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY DISTRIBUTION CHANNEL
- 9.1 Distribution Channel Summary
- 9.2 Market Attractive Index
- 9.3 Global CBD Skin Care Product Market, by Distribution Channel (2019-2032)
- SECTION 10 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY PRICE RANGE
- 10.1 Price Range Summary
- 10.2 Market Attractive Index
- 10.3 Global CBD Skin Care Product Market, by Price Range (2019-2032)
- SECTION 11 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY END-USER
- 11.1 End-user Summary
- 11.2 Market Attractive Index
- 11.3 Global CBD Skin Care Product Market, by End-user (2019-2032)
- SECTION 12 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY APPLICATION
- 12.1 Application Summary
- 12.2 Market Attractive Index
- 12.3 Global CBD Skin Care Product Market, by Application (2019-2032)
- SECTION 13 - GLOBAL CBD SKIN CARE PRODUCT MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global CBD Skin Care Product Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA CBD SKIN CARE PRODUCT MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America CBD Skin Care Product Market, by Source (2019-2032)
- 14.4 North America CBD Skin Care Product Market, by Product Type (2019-2032)
- 14.5 North America CBD Skin Care Product Market, by Packaging Type (2019-2032)
- 14.6 North America CBD Skin Care Product Market, by Distribution Channel (2019-2032)
- 14.7 North America CBD Skin Care Product Market, by Price Range (2019-2032)
- 14.8 North America CBD Skin Care Product Market, by End-user (2019-2032)
- 14.9 North America CBD Skin Care Product Market, by Application (2019-2032)
- 14.10 North America CBD Skin Care Product Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE CBD SKIN CARE PRODUCT MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe CBD Skin Care Product Market, by Source (2019-2032)
- 15.4 Europe CBD Skin Care Product Market, by Product Type (2019-2032)
- 15.5 Europe CBD Skin Care Product Market, by Packaging Type (2019-2032)
- 15.6 Europe CBD Skin Care Product Market, by Distribution Channel (2019-2032)
- 15.7 Europe CBD Skin Care Product Market, by Price Range (2019-2032)
- 15.8 Europe CBD Skin Care Product Market, by End-user (2019-2032)
- 15.9 Europe CBD Skin Care Product Market, by Application (2019-2032)
- 15.10 Europe CBD Skin Care Product Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC CBD SKIN CARE PRODUCT MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific CBD Skin Care Product Market, by Source (2019-2032)
- 16.4 Asia-Pacific CBD Skin Care Product Market, by Product Type (2019-2032)
- 16.5 Asia-Pacific CBD Skin Care Product Market, by Packaging Type (2019-2032)
- 16.6 Asia-Pacific CBD Skin Care Product Market, by Distribution Channel (2019-2032)
- 16.7 Asia-Pacific CBD Skin Care Product Market, by Price Range (2019-2032)
- 16.8 Asia-Pacific CBD Skin Care Product Market, by End-user (2019-2032)
- 16.9 Asia-Pacific CBD Skin Care Product Market, by Application (2019-2032)
- 16.10 Asia-Pacific CBD Skin Care Product Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA CBD SKIN CARE PRODUCT MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America CBD Skin Care Product Market, by Source (2019-2032)
- 17.4 South America CBD Skin Care Product Market, by Product Type (2019-2032)
- 17.5 South America CBD Skin Care Product Market, by Packaging Type (2019-2032)
- 17.6 South America CBD Skin Care Product Market, by Distribution Channel (2019-2032)
- 17.7 South America CBD Skin Care Product Market, by Price Range (2019-2032)
- 17.8 South America CBD Skin Care Product Market, by End-user (2019-2032)
- 17.9 South America CBD Skin Care Product Market, by Application (2019-2032)
- 17.10 South America CBD Skin Care Product Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA CBD SKIN CARE PRODUCT MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa CBD Skin Care Product Market, by Source (2019-2032)
- 18.4 Middle East and Africa CBD Skin Care Product Market, by Product Type (2019-2032)
- 18.5 Middle East and Africa CBD Skin Care Product Market, by Packaging Type (2019-2032)
- 18.6 Middle East and Africa CBD Skin Care Product Market, by Distribution Channel (2019-2032)
- 18.7 Middle East and Africa CBD Skin Care Product Market, by Price Range (2019-2032)
- 18.8 Middle East and Africa CBD Skin Care Product Market, by End-user (2019-2032)
- 18.9 Middle East and Africa CBD Skin Care Product Market, by Application (2019-2032)
- 18.10 Middle East and Africa CBD Skin Care Product Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global CBD Skin Care Product Market, Company Share Analysis
- 19.2 North America CBD Skin Care Product Market, Company Share Analysis
- 19.3 Europe CBD Skin Care Product Market, Company Share Analysis
- 19.4 Asia-Pacific CBD Skin Care Product Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Canopy Growth Corporation
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 The Cronos Group
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 Tilray
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Hexo
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 CannTrust
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 Aurora Cannabis Inc.
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 GW Pharmaceuticals plc.
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 VIVO Cannabis Inc.
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Alkaline88, LLC.
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 NewAge Inc.
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.