CBD Skin Care Product Market Size to Surge from USD 2.3 Billion in 2023 to USD 22.19 Billion by 2032
The CBD Skin Care Product Market was valued at USD 2.30 billion in 2023 and is projected to reach USD 22.19 billion by 2032, growing at a robust CAGR of 28.7% during the forecast period 2024-2032. The rising awareness of the therapeutic and cosmetic benefits of CBD-infused personal care products is driving significant demand globally. The increasing cultivation and sales of cannabis in North America, coupled with consumer preference for natural, chemical-free skincare solutions, further boost market growth. Key players like Juana Skin, Bombay Hemp Company, and Avicanna Inc. are innovating with new product lines including facial creams, balms, and lotions that harness the power of hemp oil and cannabis seed extracts.