09.03.19
The CBD Skin Care Market is expected to grow to $1.7 billion by 2025, according to this new report by Grand View Research.
Forecasters say the market will expand at a CAGR of 32.9% over the forecast period.
The healing properties of CBD ingredients are expected to encourage the manufacturers to develop products infused with these ingredients, thereby driving the market in the coming years.
Key Findings
Key findings from the report include:
- The global CBD skin care market is expected to expand at a CAGR of 32.9% from 2019 to 2025, thereby reaching a value of USD 1.7 billion by 2025
- North America led the market, accounting for a share of more than 40.0% in 2018, owing to high demand and legalization of cannabis in U.S. and Canada
- Hemp based products generated a revenue of USD 147.0 million in 2018
Major Players
Some of the major players operating in the global market are Kiehl's LLC; Cannuka LLC.; Elixinol Global Limited; Medical Marijuana Inc.; Endoca LL; Lord Jones; VERTLYBALM; Kapu Maku LLC; and Leef Organics.
Photo: Kiehl's Cannabis Sativa Seed Oil Herbal Concentrate at Sephora
