LONDON--(BUSINESS WIRE)--Technavio has been monitoring the CBD infused cosmetics market and it is poised to grow by USD 3.09 billion during 2020-2024, progressing at a CAGR of about 31% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- The skincare segment is expected to be the leading segment in the global market during the forecast period.
- At what rate is the market projected to grow?
- The market is expected to grow at a CAGR of about 31%.
- Who are the top players in the market?
- Cannuka LLC, Cronos Group Inc., Elixinol Global Ltd., Endoca BV, Isodiol International Inc., Khiron Life Sciences Corp., L’Oréal SA, The CBD Skincare Co., The Estée Lauder Companies Inc., and Unilever Group. are some of the major market participants.
- What are the key market drivers?
- Increasing introduction of organic CBD cosmetic products and product portfolio expansion are among the major factors driving the market.
- How big is the North America market?
- The North America region will contribute 43% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cannuka LLC, Cronos Group Inc., Elixinol Global Ltd., Endoca BV, Isodiol International Inc., Khiron Life Sciences Corp., L’Oréal SA, The CBD Skincare Co., The Estée Lauder Companies Inc., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Product portfolio expansion has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
CBD Infused Cosmetics Market 2020-2024: Segmentation
CBD Infused Cosmetics Market is segmented as below:
-
Product
- Skincare
- Make-up and Haircare
- Fragrances
- Others
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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CBD Infused Cosmetics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The CBD infused cosmetics market report covers the following areas:
- CBD Infused Cosmetics Market Size
- CBD Infused Cosmetics Market Trends
- CBD Infused Cosmetics Market Analysis
This study identifies an increase in the introduction of organic CBD cosmetic products as one of the prime reasons driving the CBD infused cosmetics market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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CBD Infused Cosmetics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist CBD infused cosmetics market growth during the next five years
- Estimation of the CBD infused cosmetics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the CBD infused cosmetics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of CBD infused cosmetics market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Skincare - Market size and forecast 2019-2024
- Make-up and haircare - Market size and forecast 2019-2024
- Fragrances - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increase in introduction of organic CBD cosmetic products
- Multichannel distribution for CBD cosmetics
- Growing popularity of anti-pollution and anti-aging CBD-infused
- cosmetic products
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Cannuka LLC
- Cronos Group Inc.
- Elixinol Global Ltd.
- Endoca BV
- Isodiol International Inc.
- Khiron Life Sciences Corp.
- L’Oréal SA
- The CBD Skincare Co.
- The Estée Lauder Companies Inc.
- Unilever Group
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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