Technavio has been monitoring the CBD skincare market and it is poised to grow by USD 1.64 bn during 2020-2024, progressing at a CAGR of over 33% 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.
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Technavio has announced its latest market research report titled Global CBD Skincare Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
- What are the major trends in the market?
Growing demand among the millennial and middle-aged population is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 32.45% and the incremental growth of the market is anticipated to be 1.64 bn. - Who are the top players in the market?
Cannuka LLC, Cronos Group Inc., Elixinol Global Ltd., Endoca BV, Isodiol International Inc., Josie Maran Cosmetics LLC, Khiron Life Sciences Corp., L'Oréal SA, Medical Marijuana Inc., and The CBD Skincare Co., are some of the major market participants. - What is the key market driver?
The benefits of CBD in skincare is one of the major factors driving the market. - How big is the North America market?
The North America region will contribute 41% 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., Josie Maran Cosmetics LLC, Khiron Life Sciences Corp., L'Oréal SA, Medical Marijuana Inc., and The CBD Skincare Co. are some of the major market participants. The benefits of CBD in skincare will offer immense growth opportunities. To make 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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CBD Skincare Market 2020-2024: Segmentation
CBD Skincare Market is segmented as below:
- Type
- Oils
- Cream, Moisturizer, And Cleanser
- Mask, Serum, And Lotion
- Source
- Hemp
- Marijuana
- Geographic Landscape
- North America
- APAC
- Europe
- South America
- MEA
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CBD Skincare 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 skincare market report covers the following areas:
- CBD Skincare Market Size
- CBD Skincare Market Trends
- CBD Skincare Market Industry Analysis
This study identifies growing demand among the millennial and middle-aged population as one of the prime reasons driving the CBD skincare 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 Skincare Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist CBD skincare market growth during the next five years
- Estimation of the CBD skincare market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the CBD skincare market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of CBD skincare market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation 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 TYPE
- Market segmentation by type
- Comparison by type
- Oils Market size and forecast 2019-2024
- Cream, moisturizer, and cleanser Market size and forecast 2019-2024
- Mask, serum, and lotion Market size and forecast 2019-2024
- Market opportunity by type
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: MARKET SEGMENTATION BY SOURCE
- Market segmentation by source
- Comparison by source
- Hemp Market size and forecast 2019-2024
- Marijuana Market size and forecast 2019-2024
- Market opportunity by source
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Increasing collaboration among vendors and business expansion
- Growing demand among millennial and middle-aged populations
- Rising demand from emerging markets
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Cannuka LLC
- Cronos Group Inc.
- Elixinol Global Ltd.
- Endoca BV
- Isodiol International Inc.
- Josie Maran Cosmetics LLC
- Khiron Life Sciences Corp.
- L'Oréal SA
- Medical Marijuana, Inc.
- The CBD Skincare Co.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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