Middle East & Africa Cbd Skin Care Market Size & Outlook
Middle East & Africa cbd skin care market, 2018-2030 (US$M)
MEA cbd skin care market highlights
- The MEA cbd skin care market generated a revenue of USD 29.8 million in 2021.
- The market is expected to grow at a CAGR of 29.5% 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, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 29.8 million |
| Market revenue in 2030 | USD 306.3 million |
| Growth rate | 29.5% (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, MEA region accounted for 4.0% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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CBD Skin Care Market Scope
CBD Skin Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 39.6% in 2024. Horizon Databook has segmented the Middle East & Africa cbd skin care market based on oils, creams & moisturizers, mask & serums, cleansers covering the revenue growth of each sub-segment from 2018 to 2030.
Rising disposable income of the people in Middle East & Africa is anticipated to boost the demand for CBD skin care products, which include high quality oils, creams, cleansers, and other products. Furthermore, growing awareness of the advantages of CBD for skin among the young population in the Middle Eastern countries is projected to drive the demand for CBD skin care products in the region.
Well-known countries specializing in the beauty business, such as Saudi Arabia and the UAE, are expected to offer promising opportunities for the CBD skin care market. Hence, manufacturers in the skin care industry are focusing on developing skin care products that contain CBD.
For instance, in March 2020, Cannuka, LLC, a leading cannabidiol (“CBD”) beauty and skincare brand, announced the official launch of its new CBD skin care range that includes CBD purifying gel balm cleanser face wash, which is available on its online platform. Furthermore, with the growing middleclass population in the Middle East & Africa, the demand for reliable and good quality skincare products is increasing. Such factors drive the market for CBD skin care products in the region.
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Target buyers of Middle East & Africa cbd skin care market databook
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Our clientele includes a mix of cbd skin care market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cbd skin care market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cbd skin care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa cbd skin care market
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