NEW YORK, May 26, 2021 /PRNewswire/ -- The CBD-infused cosmetics market is expected to grow by USD 2.22 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the CBD-infused cosmetics market in optimistic, probable, and pessimistic forecast scenarios.
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The CBD-infused cosmetics market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Cbd-infused cosmetics market is segmented as below:
Makeup And Haircare
The Middle East and Africa
The CBD-infused cosmetics market is driven by the growth of the cosmetics industry. In addition, the growth of the cosmetics industry is expected to trigger the CBD-infused cosmetics market toward witnessing a CAGR of over almost 25% during the forecast period.
Related Report on Consumer Staples Include: Global Anti-acne Cosmetics Market- The anti-acne cosmetics market is segmented by product (cleansers, emulsions, and masks) and geography (Europe, APAC, North America, South America, and MEA). Request FREE Sample Report
Global Vegan Cosmetics Market- The vegan cosmetics market is segmented by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America). Request FREE Sample Report
Market positioning of vendors
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