Why is the CBD Skin Care Product Market expected to grow by $1.7 Billion by 2025? “This year I’m trying some CBD oil on my feet, which my stylist recommended. I asked her if there was some kind of numbing cream, and she was like, ‘No! Try Lord Jones CBD Oil.’ So it could be a really exciting evening! I could be floating this year.”
– Mandy Moore
With growing years, CBD is receiving better attention which has helped this substance obtain a positive reputation globally. Furthermore, trusted platforms like PR News have revealed that the global CBD skin care market growth will likely go beyond USD $1.7 billion by the end of 2025.
Other sources speak about this industry registering a 32.9% CAGR in a specific period from 2019 to 2025. It is said to be a clear result of increasing awareness about the healing properties of CBD, which is almost tenfold when talking about improving skin texture.
Why is the CBD Skin Care Market Growing so Quickly?
The CBD-enriched beauty products are found suitable for almost all skin types. People consuming CBD products for skin-related problems have seen immense improvement in their skin texture over time. It treats dryness, acne, sensitivity issues, breakouts, eczema flare-ups, and much more. The secret behind treating such skin disorders is its antioxidant property, which can reduce inflammation problems. Moreover, it helps to eliminate aging signs.
The EU cosmetic ingredients database estimated that most hemp-enriched oils could be utilized as a surfactant cleanser and skin conditioner. Most hemp molecules effectively absorb in the skin receptors leaving a healthy and shimmering glow on the skin.
In 2018, the most hemp-based skincare products held a vast market share of up to 62.0%, proving as a great source of fatty acid content. Such products are best to rejuvenate skin, heal the damaged skin and boost the segment to leave a radiant glow on the skin.
When discussing some highlighting products that brought a remarkable change in the CBD skincare industry, it’s hard not to talk about different types of cbd salve offering topical support while healing all skin types with natural essential oils. A CBD salve product with basic ingredients as – organic beeswax, organic shea butter, organic comfrey, organic marigold, essential oils like – juniper, lavender, myrrh, and cajuput, etc. showed the most effective results.
What is the Market Share for CBD Skin Care?
Among all sorts of CBD oils for skin, a high majority of them accounted for the largest market reach of 40.0% in 2018. Products falling under this category showed consumers owning it for its anti-inflammatory properties, helping them avoid the inevitable pain due to different skin disorders. Besides, it helps to overcome painful acne, wrinkle-prone effects, and much more.
As a result, in 2018, a massive area of North America held the maximum market share of up to 40.0%, which is still expected to grow with the highest CAGR in the forthcoming years. The legalization of most CBD-oriented products has been shown as the most significant reason behind extensive popularity here. The progress began with regional market growth leading to national and then global improvement. By now, upto 33 states in the U.S. have reported having had a significant increase in the past few years.
With this, the hemp-based products have generated revenue growth of USD 147.0 million in 2018, and it’s likely to boost in the forthcoming years.
CBD Skin Care Product Market To Grow By $1.7 Billion By The End of 2025
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