CBD Skincare Products Market: The availability of many advantages in CBD-infused skin products is anticipated to drive the market’s revenue growth

According to the report, the global CBD Skincare Products Market is expected to grow from USD 0.87 Billion in 2022, which is expected to reach USD 7.24 Billion by 2033, growing at a CAGR of 24.80% from 2023 to 2033. CBD skincare products are cosmetic formulations that incorporate cannabidiol (CBD), a non-intoxicating compound found in the cannabis plant, into their ingredients. These products are designed to be applied topically to the skin to help promote overall skin health and address a variety of skin concerns such as inflammation, dryness, and acne. CBD skincare products can come in various forms such as lotions, creams, balms, serums, masks, and cleansers, and may also contain other beneficial ingredients such as antioxidants, essential oils, and vitamins. CBD is believed to have anti-inflammatory and antioxidant properties that can help soothe and protect the skin, making it a popular ingredient in many skincare products.

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Key Highlights:

• The global CBD Skincare Products Market size was valued at USD 0.87 Billion in 2022 growing at a CAGR of 24.80% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on the Global CBD Skincare Products Market focusing on various aspects including market size and forecast, market dynamics, competitors’ market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID-19 impact, the CBD Skincare Products Market report also includes the following data points:

• COVID-19 Impact on CBD Skincare Products Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players’ Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the CBD Skincare Products Market

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Key Players

Some of the major CBD Skincare Products Market players holding high market shares include Cannuka, The Elixinol Group, Endoca BV, FAB CBD, Kapu Maku, and KIEHL’S LLC (L’ORÉAL). These players use acquisition and new product development as key strategies to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Cannuka
• The Elixinol Group
• Endoca
• FAB CBD
• Kapu Maku
• KIEHL’S LLC (L’ORÉAL)
• LEEF ORGANICS LTD
• Lord Jones
• Medical Marijuana Inc
• VERTLYBALM

Segmental Analysis

Market Segment By Product Type with a focus on market share, consumption trend, and growth rate of the CBD Skincare Products Market:

• Oils
• Lotion and creams
• Masks and serums
• Bath and soaps
• Others

Market Segment By Source with a focus on market share, consumption trend, and growth rate of the CBD Skincare Products Market:

• Hemp
• Marijuana

Market Segment By Distribution Channel with a focus on market share, consumption trend, and growth rate of the CBD Skincare Products Market:

• Departmental stores
• E-commerce
• Hypermarkets/supermarkets
• Retail pharmacies
• Others

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Global CBD Skincare Products Market Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

About EvolveBI
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