U.S. Cbd Skin Care Market Size & Outlook, 2021-2030
U.S. cbd skin care market, 2017-2030 (US$M)
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U.S. cbd skin care market highlights
- The U.S. cbd skin care market generated a revenue of USD 213.7 million in 2021 and is expected to reach USD 2,350.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 30.5% 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.
Cbd skin care market data book summary
| Market revenue in 2021 | USD 213.7 million |
| Market revenue in 2030 | USD 2,350.1 million |
| Growth rate | 30.5% (CAGR from 2021 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Mask & Serums |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 29.0% of the global cbd skin care market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cbd skin care market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 376.7 million by 2030.
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CBD Skin Care Market Scope
CBD Skin Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 38.79% in 2021. Horizon Databook has segmented the U.S. cbd skin care market based on oils, creams & moisturizers, mask & serums, cleansers covering the revenue growth of each sub-segment from 2017 to 2030.
The U.S. dominated the North America CBD skin care market, which is attributed to the legalization of cannabis. According to a report published on State Medical Marijuana Laws by the NCSL, as of May 18, 2021, the use of medical cannabis products is legal in 36 states and 4 territories across the U.S.
Furthermore, consumers are likely to be driven by the benefits of CBD-infused skin care products. As per the FDA Regulation of Cannabidiol (CBD) Products, marijuana is illegal, while industrial hemp and cannabis is not. Therefore, CBD derivatives can be legally produced and supplied. This creates potential opportunities for CBD derivatives in skin care products such as creams, serums, ointments and among others.
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Target buyers of U.S. 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. cbd skin care market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cbd skin care market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. cbd skin care market size, by product, 2017-2030 (US$M)
U.S. CBD Skin Care Market Outlook Share, 2021 & 2030 (US$M)
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