CBD Skin Care Market to be Worth $8.62 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO — The global CBD skin care market size is expected to reach USD 8.62 billion by 2030, registering a CAGR of 31.5% over the forecast period, according to a new report by Grand View Research, Inc. The awareness regarding CBD-based skin care products has increased significantly over the last few years owing to their excellent medicinal properties. Key Industry Insights & Findings from the report: North America held the largest revenue share in 2022 owing to the easy production and trade of cannabis in the region. The masks & serums segment is projected to register the fastest growth rate during the forecast period owing to their easy application and fast results. E-commerce is estimated to register the fastest CAGR during the forecast period owing to the availability of a wide range of products at a single e-commerce platform or stores. Hemp-based CBD products are expected to maintain dominance over the forecast period owing to their rising popularity ...