CBD Skin Care Market Size To Grow US$ 3.56 Billion by 2027

Cannabidiol (CBD) refers to a natural compound found in Cannabis sativa plants, including marijuana and hemp. It is extracted in the form of powder and is generally used for numerous skin care purposes. CBD is commonly mixed with oils, such as coconut, olive, hemp oil, etc., to increase the effectiveness of cannabidiol in several applications. The skincare and personal care products infused with CBD possess various beneficial skin-soothing, relaxing, anti-anxiety, pain-relieving, anti-inflammatory, hydrating, and antioxidant properties that aid in treating dry skin and certain inflammatory skin disorders. These items also help in enhancing sleep patterns and managing skin diseases, such as psoriasis, eczema, pimples, etc.

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CBD Skin Care Market Trends and Drivers:

The growing consumer consciousness towards personal grooming is primarily augmenting the CBD skin care market. Furthermore, the increasing prevalence of dermatological disorders, including sensitivity, inflammation, acne, dryness, etc., is positively influencing the global market. Apart from this, the inflammatory properties of CBD assist in lowering the life span of breakouts and eczema flare-ups while promoting the natural healing process of the skin, which is acting as another significant growth-inducing factor. Moreover, the legalization of cannabis for medical and recreational purposes and the rising focus of leading manufacturers on minimizing production costs are further catalyzing the market growth. Besides this, the introduction of sustainable methods for developing CBD products to ensure optimum and judicious use of resources is also bolstering the global market. Additionally, the inflating expenditure capacities of individuals and extensive investments by government bodies are expected to fuel the CBD skin care market in the coming years.

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CBD Skin Care Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aurora Cannabis Inc., Cannuka LLC, Canopy Growth Corporation, Curaleaf Holdings Inc., Dixie Brands Inc., Earthly Body, Elixinol Wellness Limited, High Tide Inc., Kapu Maku LLC (Populum), Kiehl’s LLC (L’Oreal S.A.), Lord Jones, Medical Marijuana Inc. and Myaderm.

The report has been segmented the market into following categories:

Breakup by Product Type:

• Oils
• Lotion and Creams
• Masks and Serums
• Bath and Soaps
• Others

Breakup by Source:

• Hemp
• Marijuana

Breakup by Price Range:

• Economic
• Premium

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Departmental Stores
• Online Stores
• Retail Pharmacies
• Others

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Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

•    Market Performance 
  • Market Outlook 
  • Porter's Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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