LONDON–(BUSINESS WIRE)–The CBD skincare market is expected to grow by USD 1.64 billion, progressing at a CAGR of over 33% during the forecast period.

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The benefits of CBD in skincare is one of the major factors propelling market growth. However, factors such as easy availability of counterfeit products will hamper the market growth.

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CBD Skincare Market: Type Landscape

The growing consumer awareness about the numerous skincare benefits of CBD will drive the growth of the CBD skincare oil market segment. Moreover, the increasing penetration of the internet has accelerated the awareness of the several skincare benefits of CBD through various social media platforms, thereby increasing the demand for the CBD skincare market. Market growth in this segment will be slower than the growth of the market in the mask, serum, and lotion segment.

CBD Skincare Market: Geographic Landscape

North America had the largest CBD skincare market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing demand for a wide range of CBD skincare products and the presence of a large number of major vendors will significantly influence CBD skincare market growth in this region. 41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for CBD skincare in North America. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

• 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.

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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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Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 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

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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.