CBD Infused Cosmetics Market Overview
CBD Infused Cosmetics Market Size was estimated at 17.38 (USD Billion) in 2022. The Cbd Infused Cosmetics Market Industry is expected to grow from 21.56(USD Billion) in 2023 to 150.0 (USD Billion) by 2032. The Cbd Infused Cosmetics Market CAGR (growth rate) is expected to be around 24.06% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key CBD Infused Cosmetics Market Trends Highlighted
Key Market Drivers:The surge in consumer demand for natural and organic skincare products, coupled with the growing acceptance of cannabis-based products for wellness, is driving the global CBD-infused cosmetics market. Additionally, the perceived anti-inflammatory and antioxidant properties of CBD have resonated with consumers seeking solutions for skin conditions, pain relief, and overall well-being.Opportunities to Explore:The market presents significant opportunities for manufacturers to develop innovative and targeted CBD-infused cosmetics that cater to specific skin types and concerns. There is a growing demand for products formulated with nano-CBD, which enhances absorption and bioavailability in the skin. Moreover, collaborations between CBD and non-cannabis brands are emerging to expand the consumer base and increase product offerings.Recent Trends:In recent times, the CBD-infused cosmetics market has witnessed a shift towards more sophisticated formulations. Products now include active ingredients such as peptides, hyaluronic acid, and retinol, which complement the benefits of CBD. Additionally, the popularity of CBD-infused haircare products, such as shampoos and conditioners, has increased as consumers seek holistic wellness solutions. The market is also seeing a trend towards full-spectrum CBD, which contains a wider range of beneficial cannabinoids.
Cbd Infused Cosmetics Market Driver
Rising Demand for Natural and Organic Cosmetics
More and more, there is a tendency among consumers to purchase natural and organic products, as they believe they are healthier and safer for their skin. CBD is a natural compound found in cannabis, which may be the solution, due to its anti-inflammatory and antioxidant properties. Therefore, the growing demand for natural and organic cosmetics is expected to positively affect the demand for the above products.
Growing Awareness of the Benefits of CBD
As we observe a growing interest in a relatively new product in recent years, which is CBD, it can be assumed that the next product trend will be a cosmetics one. From the research provided, it is already shown that CBD helps with a variety of skin conditions, including acne, eczema, and psoriasis. It is clear that in the near future, people who have realized that CBD makes their skin healthier will want to purchase cosmetics enriched by this component.
Legalization of Cannabis in Various Regions
Legalization of cannabis in multiple regions has facilitated the production of the more accessible CBD amounts. Due to the decline in stigmatization, the quantity and variety of CBD-infused production, including cosmetics, have been significantly enhanced. Thus, with the further legalization of cannabis in more regions, such as the CBD Infused Cosmetics Market Industry, is going to increase.Parenthetical Citation: Reference List Nast, C. 2021.The Best CBD Beauty Products. Allure. Web. Roskell, R. 2021. The 9 Best All-Natural CBD Skincare Products Available in the UK. Harper’s Bazaar. Web.
Cbd Infused Cosmetics Market Segment Insights
Cbd Infused Cosmetics Market Product Type Insights
The CBD Infused Cosmetics Market has been segmented into five major segments, which are cleansers and exfoliators, moisturizers and lotions, serums and oils, masks, and makeup. Among these segments, the moisturizers and lotions segment is expected to account for the largest market share in 2023. This can be attributed to the growing demand for natural and organic skin care products. The serums and oils segment is also expected to grow at a significant rate during the forecast period. This can be explained by the increasing popularity of anti-aging and anti-wrinkle products.The cleansers and exfoliators segment is expected to grow at a moderate rate, mainly due to the growing awareness about the significance of cleansing and exfoliating the skin. The masks segment is also expected to grow at a moderate rate, driven by the increasing demand for sheet masks and clay masks. The makeup segment is expected to be one of the smallest segments in the market. This is due to the fact that there are concerns about the possibility of skin irritation and allergic reactions due to the use of these products. In conclusion, the CBD Infused Cosmetics Market is expected to grow at a significant rate during the forecast period.It is expected that this will be driven by the increased demand for natural and organic skin care products, the rise in disposable income, and the growing awareness about the benefits of using cannabidiol. The market will also benefit from the increased popularity of online shopping and the growing number of social media influencers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cbd Infused Cosmetics Market Application Insights
Market Segmentation The CBD Infused Cosmetics Market has been segmented on the basis of application into Skincare and Haircare. In 2023, the Skincare segment is projected to dominate the global market. The increasing consumption of CBD infused skincare products due to their anti-aging, anti-inflammatory and moisturizing properties will proportionally increase the share for the Skincare segment in the forecast period. The Haircare segment is also anticipated to observe significant growth as a result of the increasing preference checks for CBD hair care products leading to improved hair growth, promote dandruff, and reduces scalp health.
Cbd Infused Cosmetics Market Target Group Insights
The target group for the CBD Infused Cosmetics Market is segmented into Women, Men, and Unisex. Among these segments, Women hold the largest market share due to their increasing awareness of the benefits of CBD for skin care and their willingness to spend on premium beauty products. The CBD Infused Cosmetics Market revenue for the Women segment is expected to reach USD 78.9 billion by 2024, driven by the growing demand for anti-aging, moisturizing, and acne-prone skin care products. The Men segment is also witnessing significant growth as men become more conscious of their appearance and seek products that cater to their specific skin care needs.The CBD Infused Cosmetics Market revenue for the Men segment is projected to reach USD 23.6 billion by 2024, supported by the increasing popularity of beard care, shaving products, and anti-aging creams. Unisex products are gaining traction as they offer a convenient and inclusive solution for all genders. The CBD Infused Cosmetics Market revenue for the Unisex segment is estimated to reach USD 16.5 billion by 2024, driven by the rising demand for gender-neutral products that address common skin concerns.
Cbd Infused Cosmetics Market Cannabinoid Source Insights
The CBD Infused Cosmetics Market is segmented by Cannabinoid Source into Full-spectrum CBD, Broad-spectrum CBD, and CBD Isolate. The Full-spectrum CBD segment is estimated to account for the largest market share in 2023, owing to the presence of all naturally occurring cannabinoids, including THC, in full-spectrum CBD extracts. The Broad-spectrum CBD segment is expected to grow at the highest CAGR during the forecast period, due to its ability to provide the benefits of CBD without the psychoactive effects of THC. The CBD Isolate segment is expected to hold a significant market share, as it offers a pure form of CBD without any other cannabinoids or plant compounds.In 2023, the CBD Infused Cosmetics Market for Full-spectrum CBD is valued at USD 6.5 billion, Broad-spectrum CBD is valued at USD 4.2 billion, and CBD Isolate is valued at USD 3.8 billion. By 2032, the market for Full-spectrum CBD is projected to reach USD 40.5 billion, Broad-spectrum CBD is projected to reach USD 27.5 billion, and CBD Isolate is projected to reach USD 24.0 billion.
Cbd Infused Cosmetics Market Sales Channel Insights
The sales channel segment of the CBD Infused Cosmetics Market plays a crucial role in determining market growth and revenue generation. Among the key sales channels, online retailers have emerged as a dominant force, capturing a significant share of the market. In 2023, the online retail segment is projected to account for approximately 45% of the CBD Infused Cosmetics Market revenue. The convenience, wide product selection, and competitive pricing offered by online platforms have contributed to their popularity among consumers. Brick-and-mortar stores, on the other hand, continue to hold a substantial market share, particularly in regions with established retail infrastructure.In 2023, brick-and-mortar stores are expected to account for around 30% of the CBD Infused Cosmetics Market revenue. The physical presence of these stores allows consumers to experience products firsthand, receive personalized recommendations, and benefit from in-store promotions. Spas and salons represent a niche but growing segment of the Cbd Infused Cosmetics Market. In 2023, this segment is projected to account for approximately 25% of the market revenue. Spas and salons offer a luxurious and professional setting for consumers to indulge in Cbd-infused cosmetic treatments, contributing to the premiumization of the market.The increasing popularity of self-care and wellness routines is driving growth in this segment as consumers seek holistic skincare solutions.
CBD Infused Cosmetics Market Regional Insights
The CBD Infused Cosmetics Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023, owing to the increasing demand for CBD-infused cosmetics products in the region. Europe is expected to be the second-largest market, followed by APAC. The APAC market is expected to grow at the highest CAGR during the forecast period, owing to the rising awareness of the benefits of CBD-infused cosmetics products in the region. South America and MEA are expected to account for a smaller share of the CBD Infused Cosmetics Market in 2023.However, these regions are expected to witness significant growth during the forecast period, owing to the increasing demand for CBD-infused cosmetics products in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
CBD Infused Cosmetics Market Key Players And Competitive Insights
The major suppliers that are considered the most active in the Cbd Infused Cosmetics Market industry are concentrating on product development, expanding their geographical presence, and investing in research and development to ensure the quality of their products. The infused Cosmetics Market is projected to grow over the following years, as the popularity of such products is constantly increasing and an increasing number of consumers acknowledging such benefits of the infused Cosmetics Market. The market is forecasted to remain fragmented as there is a considerable number of small and medium-sized suppliers currently active in the CBD Infused Cosmetics Market sector. However, large suppliers are gradually acquiring smaller brands to expand their reach and gain a larger share of the market. The Body Shop is one of the most prominent competitors in the CBD Infused Cosmetics Market. It offers a broad range of CBD Infused Cosmetics Market products, including skincare, haircare, and body care products. Its products are of the highest quality, sourced ethically, and free from harmful ingredients such as parabens, sulfates, and phthalates. In addition, the company has a strong footprint in the UK and seeks to grow in other international markets. The second supplier that was reviewed is Kiehl's. The company is one of the leading players in the CBD Infused Cosmetics Market in the United States. It produces CBD Infused Cosmetics Market skincare products, including cleansers, creams, and serums. Kiehl's Cbd Infused Cosmetics Market products are made of the highest quality natural components and have been tested to prove their safety and efficacy.
Key Companies in the CBD Infused Cosmetics Market Include
- Eaze
- Hexo
- Lord Jones
- Canopy Growth
- Vertly
- Organigram Holdings
- WeedMD
- Sundial Growers
- MedMen
- Cronos Group
- Tilray
- Flowr
- Aurora Cannabis
- Cannuka
- TGOD
CBD Infused Cosmetics Market Industry Developments
The CBD Infused Cosmetics Market size was valued at USD 21.56 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 24.06% from 2024 to 2032. The growth of the market is attributed to the increasing legalization of cannabis and cannabis-derived products, rising consumer awareness about the benefits of CBD, and growing demand for natural and organic cosmetics.Recent news developments in the market include the launch of new CBD-infused cosmetic products by major players such as L'Oréal, Estee Lauder, and Unilever. Additionally, several countries have legalized or decriminalized the use of cannabis, which is expected to further boost the growth of the CBD-infused cosmetics market.
CBD Infused Cosmetics Market Segmentation Insights
CBD Infused Cosmetics Market Product Type Outlook
- Cleansers and Exfoliators
- Moisturizers and Lotions
- Serums and Oils
- Masks
- Makeup
CBD Infused Cosmetics Market Application Outlook
CBD Infused Cosmetics Market Target Group Outlook
CBD Infused Cosmetics Market Cannabinoid Source Outlook
- Full-spectrum CBD
- Broad-spectrum CBD
- CBD Isolate
CBD Infused Cosmetics Market Sales Channel Outlook
- Online Retailers
- Brick-and-mortar Stores
- Spas and Salons
CBD Infused Cosmetics Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
17.38(USD Billion) |
| Market Size 2023 |
21.56(USD Billion) |
| Market Size 2032 |
150.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
24.06% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Eaze, Hexo, Lord Jones, Canopy Growth, Vertly, Organigram Holdings, WeedMD, Sundial Growers, MedMen, Cronos Group, Tilray, Flowr, Aurora Cannabis, Cannuka, TGOD |
| Segments Covered |
Product Type, Application, Target Group, Cannabinoid Source, Sales Channel, Regional |
| Key Market Opportunities |
Increased consumer demand for natural and organic beauty products Growing awareness of the potential benefits of CBD for skin care Rising disposable income in emerging markets Legalization of cannabis in various countries and states Development of innovative new CBD-infused cosmetic products |
| Key Market Dynamics |
Rising consumer demand for natural and organic skincare products Growing legalization of cannabis for medicinal and recreational use Increasing awareness of the potential benefits of CBD for skin health Strong growth in the ecommerce channel for beauty products Rising disposable income in developing countries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The CBD Infused Cosmetics Market size was valued at USD 21.56 billion in 2023 and is projected to reach USD 150.0 billion by 2032, exhibiting a CAGR of 24.06% during the forecast period.
North America is expected to dominate the CBD Infused Cosmetics Market over the forecast period. The increasing demand for natural and organic skincare products, along with the growing popularity of CBD for its therapeutic benefits, is driving the growth in this region.
The key growth drivers of the CBD Infused Cosmetics Market include rising consumer awareness about the benefits of CBD for skin health, increasing demand for natural and organic skincare products, growing popularity of CBD-infused cosmetics among millennials and Gen Z consumers, and increasing legalization of CBD in various countries.
The major applications of CBD Infused Cosmetics include skincare, haircare, and makeup. CBD-infused skincare products are gaining popularity due to their anti-inflammatory, anti-aging, and moisturizing properties. CBD-infused haircare products are used to promote hair growth, reduce dandruff, and improve scalp health. CBD-infused makeup products are used to enhance skin appearance and provide a natural, radiant glow.
The key competitors in the CBD Infused Cosmetics Market include The Estee Lauder Companies, L'Oréal, Johnson & Johnson, Procter & Gamble, Unilever, Beiersdorf, Shiseido, Amorepacific, Natura & Co, and Cannuka.
The CBD Infused Cosmetics Market is expected to register a CAGR of 24.06% from 2024 to 2032.
The challenges faced by the CBD Infused Cosmetics Market include a lack of regulation and standardization, limited consumer awareness, and high production costs.
The COVID-19 pandemic had a positive impact on the CBD Infused Cosmetics Market as consumers increasingly sought natural and organic skincare products to boost their overall well-being.
The key trends in the global CBD-infused Cosmetics Market include the growing popularity of full-spectrum CBD products, increasing demand for CBD-infused cosmetics for men, and rising adoption of CBD-infused cosmetics by luxury brands.
The future outlook of the CBD Infused Cosmetics Market is positive due to increasing demand for natural and organic skincare products, growing popularity of CBD for its therapeutic benefits, and increasing legalization of CBD in various countries.
