CBD Infused Cosmetics Market by Product and Geography - Forecast and Analysis 2021-2025

The CBD-infused cosmetics market share is expected to increase by USD 3.07 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 21.42%.

This CBD-infused cosmetics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers CBD-infused cosmetics market segmentation by product (skincare, make up and haircare, fragrances, and others) and geography (North America, Europe, APAC, South America, and MEA). The CBD-infused cosmetics market report also offers information on several market vendors, including Cronos Group Inc., Elixinol Global Ltd., Endoca BV, Green Light Acquisitions LLC, Isodiol International Inc., Khiron Life Sciences Corp., LOreal SA, The CBD Skincare Co., The Estee Lauder Companies Inc., and Unilever Group among others.

What will the CBD-infused Cosmetics Market Size be During the Forecast Period?

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CBD-infused Cosmetics Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The innovation and portfolio expansion leading to product premiumization is notably driving the CBD-infused cosmetics market growth, although factors such as lack of awareness and market penetration in developing countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the CBD-infused cosmetics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key CBD-infused Cosmetics Market Driver

The growing competition and consumer demand for improved products have been encouraging vendors to focus on R&D operations. To attain differentiation in the competitive market, vendors are looking at including innovative ingredients and technologies with practical benefits and minimal or no side effects. Vendors are releasing products, which will help consumers in overcoming hair and skin-related issues such as hair loss and damage and skin drying and wrinkling due to pollution and unhealthy lifestyles. Vendors are offering products in premium ranges to make a mark in the luxury cosmetics segment. As a result, the sales are increasing, contributing to the CBD-infused cosmetics market growth.

Key CBD-infused Cosmetics Market Trend

The rising awareness about the adverse effects of synthetic cosmetic products has increased the demand for organic CBD-infused cosmetics, which is one of the key CBD-infused cosmetics market trends. Organic CBD-infused organic cosmetics include ingredients such as aloe vera, sea salt, shea butter, mango seed butter, lanolin, and others, which are preferred by the consumers at present. Organic products are free from harmful ingredients such as sulfate and formaldehyde. Vendors offering organic CBD-infused organic cosmetics adhere to high standards of purity set by various regulatory bodies in different countries, increasing their reliability quotient.

Key CBD-infused Cosmetics Market Challenge

The lack of awareness and market penetration in developing countries will be a major challenge for the CBD-infused cosmetics market during the forecast period. CBD-infused cosmetics are common in most developed countries. However, their penetration in developing countries, especially in Tier-2 and Tier-3 cities in these countries, is very low. Also, the market in these countries faces several challenges, such as the lack of knowledge about the latest products and a greater demand for traditional cosmetic products. Furthermore, in developing countries, price consciousness among the people is a major hurdle that restricts the adoption of such premium cosmetic products. Vendors find it difficult to penetrate emerging markets in APAC and Eastern Europe due to the lack of knowledge related to the products offered among people.

This CBD-infused cosmetics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global CBD-infused cosmetics market as a part of the global personal products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the CBD-infused cosmetics market during the forecast period.

Who are the Major CBD-infused Cosmetics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Cronos Group Inc.
• Elixinol Global Ltd.
• Endoca BV
• Green Light Acquisitions LLC
• Isodiol International Inc.
• Khiron Life Sciences Corp.
• LOreal SA
• The CBD Skincare Co.
• The Estee Lauder Companies Inc.
• Unilever Group

This statistical study of the CBD-infused cosmetics market encompasses successful business strategies deployed by the key vendors. The CBD-infused cosmetics market is fragmented and the vendors are deploying growth strategies such as strategic mergers and acquisitions, collaborations, and new product launches to compete in the market.

Product Insights and News

• Cronos Group Inc. - The company offers CBD-infused cosmetics through its subsidiary Redwood Wellness.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The CBD-infused cosmetics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

CBD-infused Cosmetics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the CBD-infused cosmetics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the personal products market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for CBD-infused Cosmetics Market?

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45% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for CBD-infused cosmetics in North America. Market growth in this region will be faster than the growth of the market in other regions.

The launch of innovative products, the growing use of online platforms to shop for CBD-infused cosmetics, and the rising awareness and growing adoption of organic cosmetic products will facilitate the CBD-infused cosmetics market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

During the COVID-19 pandemic in 2020, the CBD-infused cosmetics products market in North American countries, such as the US and Canada, witnessed a slow growth rate, especially due to the long repurchase cycle for CBD-infused cosmetics products. Many corporate offices have adopted work-from-home policies, which has made it unnecessary for people to commute to their workplaces. This has limited their exposure to external environmental factors like rain and sun that affect their skin or hair. 

What are the Revenue-generating Product Segments in the CBD-infused Cosmetics Market?

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The CBD-infused cosmetics market share growth by the skincare segment will be significant during the forecast period. The growth of this segment is mainly driven by the increased awareness of the importance of skincare among people globally. Nowadays, consumers are willing to spend more on premium skincare products than before. Also, CBD-infused skincare cosmetics manufacturers are continually focusing on product innovations and new product launches to expand their customer base. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the CBD-infused cosmetics market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this CBD-infused Cosmetics Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive CBD-infused cosmetics market growth during the next five years
• Precise estimation of the CBD-infused cosmetics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the CBD-infused cosmetics industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of CBD-infused cosmetics market vendors

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