Latin America Cbd Skin Care Market Size & Outlook
Latin America cbd skin care market, 2018-2030 (US$M)
Latin America cbd skin care market highlights
- The Latin America cbd skin care market generated a revenue of USD 39.7 million in 2021.
- The market is expected to grow at a CAGR of 25.1% from 2022 to 2030.
- In terms of segment, oils was the largest revenue generating product in 2021.
- Mask & Serums is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 39.7 million |
| Market revenue in 2030 | USD 297.8 million |
| Growth rate | 25.1% (CAGR from 2021 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Mask & Serums |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oils, Creams & Moisturizers, Mask & Serums, Cleansers |
| Key market players worldwide | Cronos Group Inc, Cannuka, Earthly Body, Josie Maran Cosmetics, Sephora, The CBD Skincare |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global cbd skin care market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,182.4 million by 2030.
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CBD Skin Care Market Scope
CBD Skin Care Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cbd skin care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cbd skin care market will help companies and investors design strategic landscapes.
Oils was the largest segment with a revenue share of 39.29% in 2024. Horizon Databook has segmented the Latin America cbd skin care market based on oils, creams & moisturizers, mask & serums, cleansers covering the revenue growth of each sub-segment from 2018 to 2030.
The CBD skin care market in Central & South America is expected to witness traction in the forecast years due to the legalization of cannabis in the rapidly growing economies of Brazil, Argentina, Peru, and Colombia. The integration of hemp-derived CBD as a potential alternative to marijuana-derived CBD is driving the CBD skin care market’s growth that is expected to continue in the upcoming years.
CBD contains non-psychoactive components that make it a potent ingredient in skincare and wellness products. Moreover, the increasing imports of CBD-infused products from the U.S. are also accelerating this regional market’s growth. Several U.S.-based market players such as Bluebird Botanicals, Mary’s Nutritionals, and Green Roads are entering the South American countries, owing to the increasing product penetration and growing popularity of CBD products among the regional population for consumption.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cbd skin care market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cbd skin care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cbd skin care market
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