Global CBD Skincare Market 2020-2024
Technavio has been monitoring the global CBD skincare market and it is poised to grow by USD 1.64 bn during 2020-2024, progressing at a CAGR of 33% during the forecast period. Our reports on global CBD skincare market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by benefits of CBD in skincare. In addition, growing demand among millennial and middle-aged populations is anticipated to boost the growth of the global CBD skincare market as well.
Technavio’s global CBD skincare market is segmented as below:
- Cream, Moisturizer, And Cleanser
- Mask, Serum, And Lotion
- North America
- South America
Key Trends for global CBD skincare market growth
This study identifies growing demand among millennial and middle-aged populations as the prime reasons driving the global CBD skincare market growth during the next few years.
Prominent vendors in global CBD skincare market
We provide a detailed analysis of around 25 vendors operating in the global CBD skincare market, including some of the vendors such as 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.