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CBD Cosmetics Market to Grow By $2.2 Billion in 2024

The CBD-infused cosmetics market is anticipated to soar in the next three years.

Global technology research and advisory company Technavio reports that the CBD market has seen a CAGR uptick of nearly 25% since 2020, a trend that is expected to continue through 2024. The report outlines an up-to-date analysis of the current market scenario, its environment, trends and drivers. Because the market is fragmented, researchers say its fragmentation degree will pick up speed during the forecast period.

CBD-infused cosmetics include fragrances, skin care, makeup and hair care and are distributed globally. The Global CBD oil market is segmented by product and includes marijuana- and hemp-derived CBD oils; while the global cannabis-infused edible products market comprise food and beverage.


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