Forecast of the global CBD skin care market in the next 5 years

CBD has a variety of antioxidant and anti-inflammatory properties, and is very beneficial for skin problems such as dry skin, inflammation and free radical damage. It can also effectively fight acne, eczema and psoriasis.

The report "CBD Skincare Market-Forecasts from 2020 to 2025" released by ResearchAndMarkets, an international market research institution, shows that the market is valued at approximately US$274 million in 2019.

Benefiting from the rise of cross-border e-commerce and young consumers' preference for natural innovative ingredients, the global demand for CBD skin care products is growing rapidly, and small investors are flocking in. In addition, market participants are constantly implementing growth strategies while launching new products, which has had a positive impact on the growth of the CBD skin care market.
 
However, CBD is still illegal in some countries, which is a major constraint on market growth. For example, in Australia, both CBD and THC are completely banned for use in cosmetics. In addition, such products are quite expensive, which also prevents the CBD skincare market from realizing its full potential.

Europe

In almost all European countries, CBD can be legally used for various purposes. Therefore, Europe has become the main market for CBD skin care products. The area is also home to some international beauty brands. While these brands are launching new CBD skin care products, they are also investing in research and development.

North America

Throughout the forecast period, North America's market share is also considerable. The main skin care companies are located in the United States and Canada and other countries, coupled with the increasing awareness of the benefits of CBD skin care products, has promoted the demand for CBD skin care products in the region.

Asia Pacific

The Asia-Pacific region will experience significant growth during the forecast period. The country with the largest industrial hemp cultivation area in China is also one of the main markets for hemp CBD skin care products. More and more skin care products are sold through online channels, which has further promoted the growth of the CBD skin care products market in the region.

Leading company

The following are the main players in the CBD skincare market:
CronosGroup Inc.
ElixinolGlobal Ltd.
EndocaBV
IsodolInternational Inc.
JosieMaran Cosmetics LLC
Kiehl's
The CBDSkincare Co
CannukaLLC
Ignite International Brands
OvationScience Inc.
JaneStreet LLC.