CBD-infused Cosmetics Market to increase by USD 4.64 billion from 2022 to 2027; North America accounts for 42% of the global market growth- Technavio

NEW YORK, Nov. 22, 2023 /PRNewswire/ — The CBD-infused cosmetics market size is expected to grow by USD 4.64 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 27.04% during the forecast period. Innovation and portfolio expansion leading to CBD-infused product premiumization are notably driving the CBD-infused cosmetics market. However, factors such as lack of awareness of CBD-infused cosmetics and market penetration in developing countries may impede market growth. The market is segmented by source (hemp and marijuana), product (skincare, makeup and haircare, fragrances, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The Free sample report is available in PDF format 

Key Segment Analysis

The market share growth of the hemp segment is significant during the forecast period. The growth of the hemp segment is fuelled by the rising consumer desire for natural and sustainable beauty products. Some of the main advantages of this segment include anti-inflammatory and antioxidant qualities which are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Geographical Market Analysis 

North America accounts for 42% of the growth of the global market during the forecast period. Some of the main factors contributing to the market growth in North America include the growing use of online platforms to shop for CBD-infused cosmetics, and the rising awareness and growing adoption of organic cosmetic products. Hence, such factors drive the market growth in North America.

Company Insights 
The CBD-infused cosmetics market is fragmented, and companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:
Blueberries Medical Corp, Cannuka LLC, CBD For Life, De La Beuh, Earthly Body Inc., Endoca BV, Herbivore Botanicals, Imbue Botanicals LLC, Isodiol International Inc., Josie Maran Cosmetics LLC, Joy Organics LLC, Kana Skincare, LOreal SA, MALIN GOETZ, Manuka Pharm, Medical Marijuana Inc., The CBD Skincare Co, The Estee Lauder Companies Inc., Unilever PLC, and Vertly LLC

View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The body masks market size is estimated to grow at a CAGR of 10.04% between 2022 and 2027. The market size is forecast to increase by USD 215.46 million. 

The nail polish market size is estimated to grow at a CAGR of 4.46% between 2022 and 2027. The market size is forecast to increase by USD 3,623.95 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Source

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cbd-infused-cosmetics-market-to-increase-by-usd-4-64-billion-from-2022-to-2027-north-america-accounts-for-42-of-the-global-market-growth–technavio-301995069.html

SOURCE Technavio