CBD Skin Care Market is estimated to flourish at a compound annual growth rate (CAGR) of 35.8% by 2024
As per the research conducted by Fast. MR, the report titled “CBD Skin Care Market - By Source (Marijuana-derived CBD and Hemp-derived CBD), By Product Type (CBD Oil, Serum, Creams & Moisturizers, Cleansers, Sunscreens and Other Products), By Distribution Channel (Supermarket & Hypermarket, Online Stores, Drug Stores & Pharmacies, Specialty Outlets and Others) – Global Market Analysis, Trends, Opportunity and Forecast, 2018-2024”provides current as well as future analysis of the market by evaluating the major applications, advantages, trends, and challenges. The report dives deeper to produce useful insights into CBD Skin Care Market such as major global regions and key competitors and strategies that can be used for the entry-level player too.
Global CBD skin care market accounted for USD 415.6 Million in 2018. Further, the market is expected to register a compound annual growth rate (CAGR) of 35.8% between 2019 and 2024. Factors such as increasing consumer interest in CBD infused skin care products and supportive government acts & regulations is believed to impel the growth of global CBD skin care market.
Market Insights
Growth Drivers – CBD Skin Care Market
Increasing Awareness Regarding Benefits of CBD
Growing awareness regarding skin benefits has increased the consumer base of CBD based products across the globe. This factor is anticipated to positively impact the growth of global CBD skin care market during the forecast period. Further, legalization of CBD through Farm Act, 2018 coupled with increasing adoption of CBD infused skin care products in United States is also believed to significantly contribute to the growth of CBD skin care market.
Innovation in Products
Increasing expenditure in research & development and launch of new products is anticipated to drive the growth of global CBD skin care market in the upcoming years. Several manufacturers of CBD skin care are focusing on launch of new innovative products to increase their market share. For instance, on June 6, 2019, CBD Brands Inc., announced the launch of CaniSun™–a line of premium sunscreen lotions infused with pure CBD.
Barriers – CBD Skin Care Market
Stringent Regulations Regarding CBD Approval
Strict rules and regulations regarding the approval of CBD based products is one of the major factors which is restricting the growth of global CBD skin care market. Furthermore, non-legalization of CBD in various countries across the world is also negatively impacting the growth rate of global CBD skin care market.
Segmentation
By Source
- Marijuana-derived CBD
- Hemp-derived CBD
By Product Type
- CBD Oil
- Serum
- Creams & Moisturizers
- Cleansers
- Sunscreens
- Other Products
By Distribution Channel
- Supermarket & Hypermarket
- Online Stores
- Drug Stores & Pharmacies
- Specialty Outlets
- Others
By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
- SAINT JANE BEAUTY
- Josie Maran Cosmetics
- Cannuka, LLC
- Green Growth Brands
- Lord Jones
- The CBD Skincare Company
- CBD For Life
- Kapu Maku LLC
- Mazz Hanna
- Kana Skincare
- CBD Brands
- Other Prominent Players
Table of Content
1. Preface
1.1. Research Methodology
1.1.1. Industry Research
1.1.2. Research Process and Design
1.1.2.1. Secondary Research
1.1.2.2. Key Sources and Use of Primary Research
1.1.2.3. Market Size Estimation and Forecast
1.1.2.4. Research Report
1.2. Geographic Scope
1.3. Years Considered
1.4. Key Deliverables of the Study
1.5. Assumptions and Limitations for Market Estimation and Forecasting
2. Executive Summary
2.1. Market Snapshot
2.2. Market Overview
2.3. Top Global CBD Skin Care Market Trends for 2019
3. Global Market Maturity, By Region
3.1. North America
3.2. Europe
3.3. Asia Pacific
3.4. Latin America
3.5. Middle East & Africa
4. Porter’s Five Force Analysis
4.1. Threat of Substitutes
4.2. Bargaining Power of Buyers
4.3. Bargaining Power of Suppliers
4.4. Threat of New Entrants
4.5. Degree of Competition
5. Value Chain Analysis
6. Market Dynamics
6.1. Growth Drivers & Barriers in CBD Skin Care Market
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Rest of World
6.2. Opportunities in CBD Skin Care Market
7. Global CBD Skin Care Market
7.1. Introduction
7.2. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
8. Global CBD Skin Care Market Segmentation Analysis, By Source
8.1. Introduction
8.2. Strategic Insights
8.2.1. BPS Analysis, By Source
8.2.2. Market Attractiveness, By Source
8.3. Marijuana-derived CBD
8.3.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
8.4. Hemp-derived CBD
8.4.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
9. Global CBD Skin Care Market Segmentation Analysis, By Product Type
9.1. Introduction
9.2. Strategic Insights
9.2.1. BPS Analysis, By Product Type
9.2.2. Market Attractiveness, By Product Type
9.3. CBD Oil
9.3.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
9.4. Serum
9.4.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
9.5. Creams & Moisturizers
9.5.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
9.6. Cleansers
9.6.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
9.7. Sunscreens
9.7.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
9.8. Other Products
9.8.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
10. Global CBD Skin Care Market Segmentation Analysis, By Distribution Channel
10.1. Introduction
10.2. Strategic Insights
10.2.1. BPS Analysis, By Distribution Channel
10.2.2. Market Attractiveness, By Distribution Channel
10.3. Supermarket & Hypermarket
10.3.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
10.4. Online Stores
10.4.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
10.5. Drug Stores & Pharmacies
10.5.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
10.6. Specialty Outlets
10.6.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
10.7. Others
10.7.1. Market Value & Forecast (USD Million) and Y-o-Y Growth Analysis (%), 2018-2024
11. Geographical Analysis
11.1. Introduction
11.2. North America CBD Skin Care Market Value & Forecast (USD Million) and CAGR (%), 2018-2024
11.3. Europe Market Value & Forecast (USD Million) and CAGR (%), 2018-2024
11.4. Asia Pacific Market Value & Forecast (USD Million) and CAGR (%), 2018-2024
11.5. Latin America Market Value & Forecast (USD Million) and CAGR (%), 2018-2024
11.6. Middle East & Africa Market Value & Forecast (USD Million) and CAGR (%), 2018-2024
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