Global CBD-Infused Cosmetics Market Size Expected to Grow by USD 3.15 Billion as Competition Grows and Consumer Demand for Improved Products to Drive Growth

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NEW YORK, November 14, 2022 /PRNewswire/ — The CBD-infused cosmetics market the size should increase by $3.15 billion from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 24.39% during the forecast period. Innovation and portfolio expansion, increasing product awareness, and growth in the cosmetics industry are some of the major factors propelling the growth of the market. However, factors such as lack of market awareness and penetration in developing countries, availability of counterfeit products, and compliance with regulatory requirements for the manufacture of CBD-infused cosmetics will hamper the market growth. Get a comprehensive summary of the report outlining the market size and forecast, along with the research methodology. The Sample FREE Report is available in PDF format

Technavio has announced its latest market research report titled Global CBD-infused Cosmetics Market 2022-2026

CBD-Infused Cosmetics Market: Key Driver

The growing competition and consumer demand for improved products encouraged suppliers to focus on R&D operations. The vendors focus on including innovative ingredients and technologies with practical benefits and minimal side effects to differentiate themselves in the competitive market. They are launching products that will help consumers overcome hair and skin related issues. Sellers also offer products in premium ranges to tap into the luxury cosmetics segment, which is increasing their sales. These factors are contributing to the growth of the CBD-infused cosmetics market.

CBD-Infused Cosmetics Market: Geographic Landscape

By geography, the market has been segmented by North America, EuropeACPA, South Americaand MEA. North America is going to have a lucrative growth during the forecast period. Around 42% of the overall market growth is expected to come from this region. This growth is attributed to factors such as the increasing use of online platforms to purchase CBD cosmetics, the launch of innovative products, as well as the growing awareness and adoption of organic cosmetics. Moreover, the market growth in this region will be faster than the market growth in other regions. The United States and Canada writers are the key markets for CBD-infused cosmetics in North America.

Discover the contribution of each region summarized in concise infographics and detailed descriptions. Buy now for detailed information at regional and national level

CBD-Infused Cosmetics Market: Product Landscape

By product, the market has been segmented by skincare, makeup & haircare, fragrances and others. The skin care will be a significant contributor to the growth of the market over the forecast period. This growth is mainly due to factors such as an increased awareness of the importance of skin care. Manufacturers of CBD skin care cosmetics are focusing on product innovations and new product launches to expand their customer base.

CBD-Infused Cosmetics Market: Selected Companies Covered

  • Blueberries Medical Corp

  • Canapar srl

  • Cronos Group Inc.

  • De La Beuh

  • Elixinol Global Ltd

  • Endoca B.V.

  • Green Light Acquisitions LLC

  • herbivorous plants

  • Imbue Botanicals LLC

  • seasonal beauty

  • Isodiol International Inc.

  • Joy Organics LLC

  • Kana Skin Care

  • Khiron Life Science Society

  • LOreal SA

  • Malin Goetz

  • Medical Marijuana Inc

  • The CBD Skincare Company

  • Estee Lauder Co. Inc.

  • Unilever APIs

This report provides a comprehensive list of major vendors, their strategies, and the latest developments. Request a sample PDF now

CBD-Infused Cosmetics Market: What Our Reports Offer

  • Market share assessments for regional and country segments

  • Strategic recommendations for new entrants

  • Covers market data from 2021 to 2026

  • Market Trends (Drivers, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)

  • Strategic recommendations in key business segments based on market estimates

  • Competitive landscaping mapping major common trends

  • Company profiling with detailed strategies, financials and recent developments

  • Supply chain trends mapping the latest technological advancements

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cosmetics market by type, end user, distribution channel and geography – Forecast and analysis 2022-2026: The growing preference for organic cosmetics and cosmeceuticals is a major trend. Consumers are gradually shifting from chemical-based cosmetics to organic or chemical-free cosmetics. Chemical-free cosmetics and cosmeceuticals are gaining popularity with consumers.

Online market for high-end cosmetics by product and geography – Forecast and analysis 2022-2026: The growing preference for organic cosmetics and cosmeceuticals is a major trend. Compounds such as parabens and phthalates are also known to cause cancer and type II diabetes, due to which organic skin care products and cosmeceuticals are gaining more and more popularity. Organic products are made from natural extracts such as neem and aloe vera to protect the skin from premature aging.

Scope of the CBD-infused cosmetics market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 24.39%

Market Growth 2022-2026

$3.15 billion

Market structure

Fragmented

Annual growth (%)

24.07

Regional analysis

North America, Europe, APAC, South America, Middle East and Africa

Successful market contribution

North America at 42%

Main consumer countries

United States, Canada, China, United Kingdom and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Blueberries Medical Corp, Canapar srl, Cronos Group Inc, De La Beuh, Elixinol Global Ltd, Endoca BV, Green Light Acquisitions LLC, Herbivore Botanicals, Imbue Botanicals LLC, In Season Beauty, Isodiol International Inc., Joy Organics LLC, Kana Skincare, Khiron Life Sciences Corp, LOreal SA, MALIN GOETZ, Medical Marijuana Inc, The CBD Skincare Co, The Estee Lauder Co. Inc. and Unilever PLC

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Browse Basic consumption Market reports

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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(PRNewsfoto/Technavio)

(PRNewsfoto/Technavio)

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