CBD Skincare Market size to grow at a CAGR of 26.74% from 2022 to 2027: The skincare benefits offered by CBD to drive the market growth - Technavio

NEW YORK, June 29, 2023 /PRNewswire/ -- The CBD skincare market is estimated to grow by USD 2,197.99 million from 2022 to 2027. The growth momentum will progress at a CAGR of 26.74%  during the forecast period. The market is segmented by Type (Oils, Cream moisturizers and cleansers, and Mask serum and lotion), Source (hemp and marijuana), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The market share growth by the oils segment will be significant for market growth during the forecast period. The reduction of redness of the skin is a major benefit of CBD oil and it is highly effective in treating sensitive skin that easily reacts to allergens and is prone to eczema, dermatitis, and other skin-related ailments. It is also a very popular skin conditioning agent, which helps to enhance the overall appearance of the skin by making it soft and smooth. Hence, such factors drive the market growth during the forecast period. Download a Sample Report!

CBD Skincare Market Insights -

• Vendors: 15+, Including Blessed CBD, Cannuka LLC, CBD For Life, Charlottes Web Holdings Inc., Dixie Elixirs LLC, Earthly Body Inc., Elixinol Wellness Ltd., Endoca BV, High Tide Inc., Isodiol International Inc., Josie Maran Cosmetics LLC, Kana Skincare, Kush Creams, Leef Organics Ltd., LOreal SA, Myaderm Inc., Nordic Organics Inc., Redwood Wellness LLC, The CBD Skincare Co, and Vertly LLC, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (Oils, Cream moisturizer and cleanser, and Mask serum and lotion) and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

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CBD skincare market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including Blessed CBD, Cannuka LLC, CBD For Life, Charlottes Web Holdings Inc., Dixie Elixirs LLC, Earthly Body Inc., Elixinol Wellness Ltd., Endoca BV, High Tide Inc., Isodiol International Inc., Josie Maran Cosmetics LLC, Kana Skincare, Kush Creams, Leef Organics Ltd., LOreal SA, Myaderm Inc., Nordic Organics Inc., Redwood Wellness LLC, The CBD Skincare Co, and Vertly LLC

CBD Skincare Market ? Market Dynamics

Major Trends - 

The increasing collaboration among vendors and business expansion is an emerging market trend. The collaborations among market participants help them to expand their product portfolios, geographic presence, as well as distribution networks. The expansion of business by vendors enables them to widen their customer base by increasing their geographical presence. Hence, such trends boost the market growth during the forecast period.

Key challenges - 

The easy availability of counterfeit products is one of the factors hindering the CBD skincare market growth. Counterfeiting has increased over the past few years, as consumers prefer low-priced products to expensive ones. The digital era makes it possible for counterfeiters to sell their products without a prior product review or inspection. Therefore, the presence of numerous counterfeit products can lead to market fragmentation, which can lead to the lack of price standardization, an uneven competitive scenario, and the erosion of market share held by international vendors. Moreover, there are several countries across the world where the selling of CBD skincare products has yet not been legalized. This has led to the illegal sales of CBD skincare products in these countries where the products offered by the manufacturers do not adhere to the general standards associated with the manufacturing, labeling, and selling of these products. Such factors are hindering market growth.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The CBD skincare market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this CBD Skincare Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the CBD skincare market between 2023 and 2027
• Precise estimation of the size of the CBD skincare market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the CBD skincare market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of CBD skincare market vendors

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The CBD-infused cosmetics market size is expected to increase by USD 3.15 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 24.39%. Furthermore, this report extensively covers CBD-infused cosmetics market segmentation by product (skincare, make-up and haircare, fragrances, and others) and geography (North America, Europe, APAC, South America, and MEA). The innovation and portfolio expansion leading to product premiumization is notably driving the CBD-infused cosmetics market growth.

The Global CBD oil market size is estimated to grow by USD 5,361.32 million accelerating at a CAGR of 27.63% between 2022 and 2027. This report extensively covers market segmentation by end-user (medical, personal use, pharmaceutical, and wellness), product (marijuana-derived CBD oil and hemp-derived CBD oil), and geography (North America, South America, Europe, APAC, and Middle East and Africa). The growing millennial population in key cannabis markets is notably driving the market growth. 

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Source
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global CBD skincare market 2017 - 2021
• Exhibit 18: Historic Market Size ? Data Table on global cbd skincare market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size ? Type Segment 2017 - 2021 ($ million)

• 4.3 Source Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size ? Source Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Oils - Market size and forecast 2022-2027
• Exhibit 34: Chart on Oils - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Oils - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Oils - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Oils - Year-over-year growth 2022-2027 (%)

• 6.4 Cream moisturizer and cleanser - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Cream moisturizer and cleanser - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Cream moisturizer and cleanser - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Cream moisturizer and cleanser - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cream moisturizer and cleanser - Year-over-year growth 2022-2027 (%)

• 6.5 Mask serum and lotion - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Mask serum and lotion - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Mask serum and lotion - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Mask serum and lotion - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Mask serum and lotion - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)
• Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Source

• 7.1 Market segments 
• Exhibit 48: Chart on Source - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Source - Market share 2022-2027 (%)

• 7.2 Comparison by Source 
• Exhibit 50: Chart on Comparison by Source
• Exhibit 51: Data Table on Comparison by Source

• 7.3 Hemp - Market size and forecast 2022-2027
• Exhibit 52: Chart on Hemp - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Hemp - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Hemp - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Hemp - Year-over-year growth 2022-2027 (%)

• 7.4 Marijuana - Market size and forecast 2022-2027
• Exhibit 56: Chart on Marijuana - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Marijuana - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Marijuana - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Marijuana - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Source 
• Exhibit 60: Market opportunity by Source ($ million)
• Exhibit 61: Data Table on Market opportunity by Source ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Canada - Market size and forecast 2022-2027
• Exhibit 91: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Cannuka LLC 
• Exhibit 115: Cannuka LLC - Overview
• Exhibit 116: Cannuka LLC - Product / Service
• Exhibit 117: Cannuka LLC - Key offerings

• 12.4 Charlottes Web Holdings Inc. 
• Exhibit 118: Charlottes Web Holdings Inc. - Overview
• Exhibit 119: Charlottes Web Holdings Inc. - Product / Service
• Exhibit 120: Charlottes Web Holdings Inc. - Key news
• Exhibit 121: Charlottes Web Holdings Inc. - Key offerings

• 12.5 Dixie Elixirs LLC 
• Exhibit 122: Dixie Elixirs LLC - Overview
• Exhibit 123: Dixie Elixirs LLC - Product / Service
• Exhibit 124: Dixie Elixirs LLC - Key offerings

• 12.6 Earthly Body Inc. 
• Exhibit 125: Earthly Body Inc. - Overview
• Exhibit 126: Earthly Body Inc. - Product / Service
• Exhibit 127: Earthly Body Inc. - Key offerings

• 12.7 Elixinol Wellness Ltd. 
• Exhibit 128: Elixinol Wellness Ltd. - Overview
• Exhibit 129: Elixinol Wellness Ltd. - Business segments
• Exhibit 130: Elixinol Wellness Ltd. - Key offerings
• Exhibit 131: Elixinol Wellness Ltd. - Segment focus

• 12.8 Endoca BV 
• Exhibit 132: Endoca BV - Overview
• Exhibit 133: Endoca BV - Product / Service
• Exhibit 134: Endoca BV - Key offerings

• 12.9 Isodiol International Inc. 
• Exhibit 135: Isodiol International Inc. - Overview
• Exhibit 136: Isodiol International Inc. - Product / Service
• Exhibit 137: Isodiol International Inc. - Key offerings

• 12.10 Josie Maran Cosmetics LLC 
• Exhibit 138: Josie Maran Cosmetics LLC - Overview
• Exhibit 139: Josie Maran Cosmetics LLC - Product / Service
• Exhibit 140: Josie Maran Cosmetics LLC - Key offerings

• 12.11 Leef Organics Ltd. 
• Exhibit 141: Leef Organics Ltd. - Overview
• Exhibit 142: Leef Organics Ltd. - Product / Service
• Exhibit 143: Leef Organics Ltd. - Key offerings

• 12.12 LOreal SA 
• Exhibit 144: LOreal SA - Overview
• Exhibit 145: LOreal SA - Business segments
• Exhibit 146: LOreal SA - Key news
• Exhibit 147: LOreal SA - Key offerings
• Exhibit 148: LOreal SA - Segment focus

• 12.13 Myaderm Inc. 
• Exhibit 149: Myaderm Inc. - Overview
• Exhibit 150: Myaderm Inc. - Product / Service
• Exhibit 151: Myaderm Inc. - Key offerings

• 12.14 Nordic Organics Inc. 
• Exhibit 152: Nordic Organics Inc. - Overview
• Exhibit 153: Nordic Organics Inc. - Product / Service
• Exhibit 154: Nordic Organics Inc. - Key offerings

• 12.15 Redwood Wellness LLC 
• Exhibit 155: Redwood Wellness LLC - Overview
• Exhibit 156: Redwood Wellness LLC - Product / Service
• Exhibit 157: Redwood Wellness LLC - Key offerings

• 12.16 The CBD Skincare Co 
• Exhibit 158: The CBD Skincare Co - Overview
• Exhibit 159: The CBD Skincare Co - Product / Service
• Exhibit 160: The CBD Skincare Co - Key offerings

• 12.17 Vertly LLC 
• Exhibit 161: Vertly LLC - Overview
• Exhibit 162: Vertly LLC - Product / Service
• Exhibit 163: Vertly LLC - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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