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United States Cbd Skincare Market Forecast 2024-2032

Publisher Inkwood Research
Published Mar 15, 2024
Length 128 Pages
SKU # INKR18647224

Description

United States Cbd Skincare Market Forecast 2024-2032


KEY FINDINGS

The United States CBD skincare market is projected to grow at a CAGR of 21.61% during the forecast period 2024-2032. Various factors stimulate the market growth, such as brands' investment in educating consumers about CBD benefits in skincare and beauty, the rise in CBD-infused product stocking by major retailers and beauty specialty stores, and progress in clarifying CBD’s legal status across countries.

MARKET INSIGHTS

In the United States CBD skincare market, brands are increasingly leveraging the power of celebrity partnerships and influencer collaborations to amplify their reach and brand recognition. By forging alliances with well-known figures in the beauty and wellness industries, CBD beauty brands are able to co-create products or engage in promotional campaigns that resonate with a wider audience. This strategy enhances brand visibility and adds an element of credibility and trust, as consumers often look to celebrities and influencers for recommendations and endorsements.

Moreover, within the sphere of CBD skincare innovation, brands are exploring various delivery methods to cater to diverse skincare needs. Experimentation with formulations such as serums, creams, and masks allows brands to offer a wide range of options tailored to different skin types and concerns. By diversifying their product offerings, brands can better address specific skincare concerns while tapping into the growing consumer demand for CBD-infused skincare solutions.

This adaptability reflects a strong approach to product development aimed at meeting evolving consumer preferences and needs in the competitive skincare market. However, despite the promising growth prospects, the market faces challenges arising from consumer misinformation and a lack of education regarding CBD products. Misconceptions about CBD's efficacy, safety, and legality persist, hindering broader adoption and consumer confidence.

Furthermore, the lack of comprehensive educational initiatives contributes to consumer uncertainty regarding CBD skincare. To tackle this issue effectively, market stakeholders must collaborate to provide accurate information, dispel myths, and improve consumer awareness through transparent communication and educational campaigns. By tackling these obstacles, the CBD skincare market in the United States can reach its maximum potential and firmly establish itself as a trusted and mainstream sector within the beauty and wellness industry.

COMPETITIVE INSIGHTS

Some of the major companies in the United States CBD skincare market include Joy Organics, Vertlybalm Ltd, FAB CBD Skincare, Endoca BV, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Table of Contents

128 Pages
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Methodology
1.3. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Country Snapshot
2.3. Country Analysis
2.4. Scope Of Market
2.5. Major Market Findings
2.5.1. Integration Of Cbd In Mainstream Brands
2.5.2. Emphasis On Transparency And Third-party Testing
2.5.3. Emergence Of Nanoemulsion Technology In Product Formulations
3. Market Dynamics
3.1. Key Drivers
3.1.1. Brands Investment In Educating Consumers About Cbd Benefits In Skincare & Beauty
3.1.2. Rise In Cbd-infused Product Stocking By Major Retailers & Beauty Specialty Stores
3.1.3. Progress In Clarifying Cbd’s Legal Status Across Countries
3.2. Key Restraints
3.2.1. Consumer Misinformation And Lack Of Education
3.2.2. High-quality Cbd Extracts Can Be Expensive, Leading To Higher Product Prices
4. Key Analytics
4.1. Key Market Trends
4.1.1. Cbd's Tie To Natural Ingredients Makes It Popular For Clean Beauty Seekers
4.1.2. Cbd Beauty Brands Partner With Celebrities And Influencers For Co-branded Products Or Promotions
4.1.3. Brands Experimenting With Delivery Methods Like Serums, Creams, And Masks To Provide Different Skincare Needs
4.2. Porter's Five Forces Analysis
4.2.1. Buyers Power
4.2.2. Suppliers Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Growth Prospect Mapping
4.3.1. Growth Prospect Mapping For United States
4.4. Market Maturity Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Sourcing
4.5.2. Product Formulation And Manufacturing
4.5.3. Distribution And Logistics
4.5.4. Retails & Sales
4.5.5. End-user
4.6. Key Buying Criteria
4.6.1. Cost
4.6.2. Product Features
4.6.3. Availability
4.6.4. Brand Name
5. Market By Source
5.1. Natural And Organic
5.1.1. Hemp-derived Cbd
5.1.2. Marijuana-derived Cbd
5.2. Synthetic
6. Market By User Demographic
6.1. Male
6.2. Female
7. Market By Product Type
7.1. Cbd Oil
7.2. Cream
7.3. Moisturizer And Lotions
7.4. Balm
7.4.1. Lip Balm
7.4.2. Eye Balm
7.5. Mask & Serum
7.6. Face & Body Cleanser
7.7. Soap
7.8. Other Product Types
8. Market By Price Range
8.1. Economic
8.2. Premium
9. Market By Packaging
9.1. Pump And Dispensers
9.2. Tube
9.3. Jar/Bottle
9.4. Stick
9.5. Other Packaging
10. Market By Distribution Channel
10.1. Supermarket/Hypermarket
10.2. Specialty Store
10.3. Pharmaceutical Store
10.4. Departmental Store
10.5. Online Retail
10.6. Other Distribution Channels
11. Competitive Landscape
11.1. Key Strategic Developments
11.1.1. Mergers & Acquisitions
11.1.2. Product Launches & Developments
11.1.3. Partnerships & Agreements
11.1.4. Business Expansions Divestitures
11.2. Company Profiles
11.2.1. Cannuka Llc
11.2.1.1. Company Overview
11.2.1.2. Product List
11.2.2. Elixinol North America Limited
11.2.2.1. Company Overview
11.2.2.2. Product List
11.2.3. Endoca Bv
11.2.3.1. Company Overview
11.2.3.2. Product List
11.2.4. Fab Cbd Skincare
11.2.4.1. Company Overview
11.2.4.2. Product List
11.2.5. Isodiol International Inc
11.2.5.1. Company Overview
11.2.5.2. Product List
11.2.6. Joy Organics
11.2.6.1. Company Overview
11.2.6.2. Product List
11.2.7. Vertlybalm Ltd
11.2.7.1. Company Overview
11.2.7.2. Product List

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