According to Allied Market Research (AMR), the market research and business-consulting wing of Allied Analytics LLP, the CBD skin care market is anticipated to exceed $3.5 billion by 2026.
After legalization, cannabis-based cosmetics are swiftly becoming the norm. There has been an increase of cannabis derivatives, including cannabidiol and hemp oil, as the active natural ingredients among wellness and personal care products. Consumers are looking for CBD-infused products with natural active ingredients over other chemical based cosmetics.
North America is anticipated to dominate the CBD skin care market share, registering a CAGR of 24.3% during the forecast period, as consumers look for products with a combination of anti-inflammatory, antioxidant, and antibacterial properties.
The departmental stores distribution segment is anticipated to dominate the global CBD skin care market analysis, with e-commerce growing by almost ¼ annually.
For anti-inflammation, CBD interacts with two CBD receptors in the human body - called CB1 and CB2 - leading to reduction of interleukins or white blood cell secretions. This lessens inflammation, making CBD a good ingredient for sunscreens.
CBD also acts as an antioxidant by retaining skin moisture and combating dryness causing irritated or itchy skin. Thus it is an effective ingredient in ointments for psoriasis, eczema, or scarring.
Lastly, CBD controls sebum production in the sebaceous glands; its interaction with gram-negative bacteria makes it an ace card for acne treatment.
Because of the apparent benefits that CBD offers in skin care, leading cosmetic brands, upscale retailers, and even some private label brands have already explored or launched CBD-based skincare products in the mainstream cosmetic market.