Market By Source, Application, Distribution, And Geography | Forecast 2019-2028
A variety of different compounds, known as cannabinoids, are present in cannabis. It also comprises tetrahydrocannabinol (THC), which is known for inducing psychoactive effects. CBD-based products possess skin soothing, antioxidant, and anti-inflammatory properties. The existence of such outstanding properties in a single blend makes CBD as one of the key components in skin care and personal care products.
The global CBD skin care market was valued at $551.57 million in 2019, and is expected to reach $3168.44 million by 2028, growing at a CAGR of 21.44% during the forecast period.
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Triton Market Research’s report on the CBD skin care market provides an in-depth insight into the market. The detailed analysis of the market includes the impact of COVID-19 on CBD skin care, key insights, Porter’s five forces analysis, market attractiveness index, and industry components.
Growing usage of cannabis for medical and recreational purposes, coupled with the holistic benefits of CBD-infused skincare products, is the key growth enabler for the market. The beauty & personal care industry is observing an alteration towards CBD-infused skincare products. These product lines comprise hand care, lip moisturizer, and skincare products. Firms are mainly marketing their products for health benefits allied to CBD in skincare products. The pioneering positioning of these products, coupled with the effective supply chain strategies, is expected to boost the revenue growth of the market during the forecast period.
Other than the market drivers, there is growth in the acceptance of cannabis in medical, consumer goods manufacturing, and industries, and thus, the studied industry is attracting investments into R&D activities by leading players, which is expected to offer lucrative growth opportunity. Furthermore, the introduction and sales of CBD skincare products through online channels is further anticipated to enable the market to grow their revenue.
However, the risk of bacterial contamination and constant pressure from regulatory bodies restrain the market. Moreover, the manufacturing of CBD-based skincare products requires a separate production facility. However, the establishment of separate production facilities increases the overall cost of goods, and is likely to hinder the growth of the global CBD skin care market.
The key geographies covered in the global CBD Skin Care market are:
• North America: United States and Canada
• Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East & Africa: South Africa and Rest of Middle East & Africa
The segmentation analysis of the CBD skin care market includes:
• Source is segmented into:
O Hemp
O Marijuana
• Application is segmented into:
O Oils
O Lotion & Creams
O Masks & Serums
O Bath & Soaps
O Other Products
• Distribution Channels is segmented into:
O Supermarkets/Hypermarkets
O Retail Pharmacies
O Departmental stores
O E-Commerce
O Other Distributors
The top companies of the CBD skin care industry are The CBD Skincare Company, Endoca BV, Cronos Group Inc, Joy Organics, Elixinol Limited, Khiron Life Sciences Corp, Vertlybalm, Fab CBD, Isodiol International Inc, Kapu Maku LLC (Populum), Kiehl’s LLC (Acquired By L’oreal), Cannuka LLC, Medical Marijuana Inc, and Leef Organics Ltd.
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VIEW REPORT1. GLOBAL CBD SKIN CARE MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. NORTH AMERICA & EUROPE HOLD SIGNIFICANT GROWTH OPPORTUNITY
2.2.2. SHIFT TOWARD CBD-INFUSED SKINCARE PRODUCTS
2.2.3. ONLINE SALES OF CBD SKINCARE PRODUCTS
2.3. IMPACT OF COVID-19 ON CBD SKIN CARE INDUSTRY
2.4. PORTER’S FIVE FORCES ANALYSIS
2.4.1. THREAT OF NEW ENTRANTS
2.4.2. THREAT OF SUBSTITUTE
2.4.3. BARGAINING POWER OF BUYERS
2.4.4. BARGAINING POWER OF SUPPLIERS
2.4.5. THREAT OF COMPETITIVE RIVALRY
2.5. MARKET ATTRACTIVENESS INDEX
2.6. INDUSTRY COMPONENTS
2.7. MARKET DRIVERS
2.7.1. HOLISTIC BENEFITS OF CBD-INFUSED SKINCARE PRODUCTS
2.7.2. GROWING USAGE OF CANNABIS FOR MEDICAL AND RECREATIONAL PURPOSES
2.7.3. DEMAND FOR ORGANIC PERSONAL CARE PRODUCTS
2.8. MARKET RESTRAINTS
2.8.1. RISK OF BACTERIAL CONTAMINATION
2.9. MARKET OPPORTUNITIES
2.9.1. INCREASING HEALTH AWARENESS
2.9.2. PERSONALIZED SKINCARE PRODUCTS
2.10. MARKET CHALLENGES
2.10.1. CONSTANT PRESSURE FROM REGULATORY BODIES
3. GLOBAL CBD SKIN CARE MARKET OUTLOOK - BY SOURCE
3.1. HEMP
3.2. MARIJUANA
4. GLOBAL CBD SKIN CARE MARKET OUTLOOK - BY APPLICATION
4.1. OILS
4.2. LOTION & CREAMS
4.3. MASKS & SERUMS
4.4. BATH & SOAPS
4.5. OTHER APPLICATIONS
5. GLOBAL CBD SKIN CARE MARKET OUTLOOK - BY DISTRIBUTION CHANNELS
5.1. SUPERMARKETS/HYPERMARKETS
5.2. RETAIL PHARMACIES
5.3. DEPARTMENTAL STORES
5.4. E-COMMERCE
5.5. OTHER DISTRIBUTION CHANNELS
6. GLOBAL CBD SKIN CARE MARKET – REGIONAL OUTLOOK
6.1. NORTH AMERICA
6.1.1. MARKET BY SOURCE
6.1.2. MARKET BY APPLICATION
6.1.3. MARKET BY DISTRIBUTION CHANNELS
6.1.4. COUNTRY ANALYSIS
6.1.4.1. UNITED STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET BY SOURCE
6.2.2. MARKET BY APPLICATION
6.2.3. MARKET BY DISTRIBUTION CHANNELS
6.2.4. COUNTRY ANALYSIS
6.2.4.1. UNITED KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. RUSSIA
6.2.4.7. REST OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET BY SOURCE
6.3.2. MARKET BY APPLICATION
6.3.3. MARKET BY DISTRIBUTION CHANNELS
6.3.4. COUNTRY ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH KOREA
6.3.4.5. ASEAN COUNTRIES
6.3.4.6. AUSTRALIA & NEW ZEALAND
6.3.4.7. REST OF ASIA-PACIFIC
6.4. LATIN AMERICA
6.4.1. MARKET BY SOURCE
6.4.2. MARKET BY APPLICATION
6.4.3. MARKET BY DISTRIBUTION CHANNELS
6.4.4. COUNTRY ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST OF LATIN AMERICA
6.5. MIDDLE EAST AND AFRICA
6.5.1. MARKET BY SOURCE
6.5.2. MARKET BY APPLICATION
6.5.3. MARKET BY DISTRIBUTION CHANNELS
6.5.4. COUNTRY ANALYSIS
6.5.4.1. SOUTH AFRICA
6.5.4.2. REST OF MIDDLE EAST & AFRICA
7. COMPETITIVE LANDSCAPE
7.1. CANNUKA LLC
7.2. CRONOS GROUP INC
7.3. ELIXINOL LIMITED
7.4. ENDOCA BV
7.5. FAB CBD
7.6. ISODIOL INTERNATIONAL INC
7.7. JOY ORGANICS
7.8. KAPU MAKU LLC (POPULUM)
7.9. KHIRON LIFE SCIENCES CORP
7.10. KIEHL'S LLC (ACQUIRED BY L'OREAL)
7.11. LEEF ORGANICS LTD
7.12. MEDICAL MARIJUANA INC
7.13. THE CBD SKINCARE COMPANY
7.14. VERTLYBALM
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE 1: GLOBAL CBD SKIN CARE MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 2: GLOBAL CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 3: GLOBAL CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 4: GLOBAL CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 5: GLOBAL CBD SKIN CARE MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 10: EUROPE CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 11: EUROPE CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 12: EUROPE CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 13: EUROPE CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 18: LATIN AMERICA CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
TABLE 22: MIDDLE EAST AND AFRICA CBD SKIN CARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND AFRICA CBD SKIN CARE MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND AFRICA CBD SKIN CARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND AFRICA CBD SKIN CARE MARKET, BY DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: GLOBAL CBD SKIN CARE MARKET, BY HEMP, 2019-2028 (IN $ MILLION)
FIGURE 4: GLOBAL CBD SKIN CARE MARKET, BY MARIJUANA, 2019-2028 (IN $ MILLION)
FIGURE 5: GLOBAL CBD SKIN CARE MARKET, BY OILS, 2019-2028 (IN $ MILLION)
FIGURE 6: GLOBAL CBD SKIN CARE MARKET, BY LOTION & CREAMS, 2019-2028 (IN $ MILLION)
FIGURE 7: GLOBAL CBD SKIN CARE MARKET, BY MASKS & SERUMS, 2019-2028 (IN $ MILLION)
FIGURE 8: GLOBAL CBD SKIN CARE MARKET, BY BATH & SOAPS, 2019-2028 (IN $ MILLION)
FIGURE 9: GLOBAL CBD SKIN CARE MARKET, BY OTHER APPLICATIONS, 2019-2028 (IN $ MILLION)
FIGURE 10: GLOBAL CBD SKIN CARE MARKET, BY SUPERMARKETS/HYPERMARKETS, 2019-2028 (IN $ MILLION)
FIGURE 11: GLOBAL CBD SKIN CARE MARKET, BY RETAIL PHARMACIES, 2019-2028 (IN $ MILLION)
FIGURE 12: GLOBAL CBD SKIN CARE MARKET, BY DEPARTMENTAL STORES, 2019-2028 (IN $ MILLION)
FIGURE 13: GLOBAL CBD SKIN CARE MARKET, BY E-COMMERCE, 2019-2028 (IN $ MILLION)
FIGURE 14: GLOBAL CBD SKIN CARE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2019-2028 (IN $ MILLION)
FIGURE 15: GLOBAL CBD SKIN CARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 16: UNITED STATES CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 17: CANADA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 18: UNITED KINGDOM CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 19: GERMANY CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 20: FRANCE CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 21: SPAIN CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 22: ITALY CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 23: RUSSIA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 24: REST OF EUROPE CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 25: CHINA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 26: JAPAN CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 27: INDIA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 28: SOUTH KOREA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 29: ASEAN COUNTRIES CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 30: AUSTRALIA & NEW ZEALAND CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 31: REST OF ASIA-PACIFIC CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 32: BRAZIL CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 33: MEXICO CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 34: REST OF LATIN AMERICA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 35: SOUTH AFRICA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 36: REST OF MIDDLE EAST & AFRICA CBD SKIN CARE MARKET 2019-2028 (IN $ MILLION)