Cannabis Facial Oils Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0196358
  • Format: Electronic (PDF)
  • Number of Pages: 221
  • Author(s): Joshi, Madhavi

Report Overview

The Cannabis Facial Oils Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.50% during the forecast period (2024-2030).

Cannabis Facial Oils Market

(Market Size)
$650 million
$1.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 16.50%
2023 Market Size USD 650 million
2030 Market Size USD 1.8 billion
Key Players Kiehl’s, The Body Shop, Josie Maran, Lord Jones, Herbivore Botanicals

Market Summary

The cannabis facial oils market represents a specialized and rapidly evolving segment within the broader food and beverages and personal care industries. This market focuses on skincare products infused with cannabinoids, primarily cannabidiol (CBD), derived from hemp or cannabis plants. These oils are formulated to leverage the purported anti-inflammatory and antioxidant properties associated with cannabinoids, targeting consumers seeking natural and wellness-oriented skincare solutions. The market is characterized by a convergence of trends, including the growing consumer inclination towards organic and plant-based ingredients, the destigmatization of cannabis, and increasing disposable income allocated to premium personal care products. Key players range from dedicated cannabis companies to established cosmetic giants expanding their portfolios to include these innovative offerings. The regulatory landscape, particularly concerning the sourcing and marketing of CBD, plays a critical role in shaping market dynamics and distribution channels across different regions.

Key Highlights

The cannabis facial oils market is distinguished by several pivotal factors that underscore its potential and current trajectory. A primary highlight is the intense product innovation, with companies developing formulations that combine CBD with other potent botanicals like jojoba, rosehip, and argan oils to enhance efficacy and appeal. The market benefits significantly from robust digital marketing and e-commerce strategies, allowing brands to educate consumers and directly reach a targeted audience interested in clean beauty. Furthermore, the entry of major, well-established cosmetic and personal care corporations into this space validates the category and accelerates its growth through extensive R&D capabilities and vast distribution networks. The consumer demographic is another key highlight, skewing towards millennials and Generation Z, who show a strong preference for transparent branding, ethical sourcing, and products with perceived wellness benefits. This has prompted brands to invest heavily in third-party lab testing and certifications to build consumer trust and differentiate their products in a crowded marketplace.

Drivers, Opportunities & Restraints

The growth of the cannabis facial oils market is propelled by a confluence of powerful drivers. The most significant is the rising consumer awareness and acceptance of the potential therapeutic benefits of cannabinoids for skin health, such as reducing redness, calming irritation, and managing acne. This is complemented by the global shift towards natural and organic personal care products, positioning cannabis-infused oils as a desirable option within the clean beauty movement. Increased legalization of hemp-derived CBD in various regions has removed major barriers to production and retail, facilitating market entry for numerous companies. Opportunities abound in product diversification, such as developing oils tailored for specific skin concerns like aging or sensitivity, and in geographic expansion into emerging markets with favorable regulations. However, the market faces considerable restraints, including a complex and often fragmented regulatory environment that can vary drastically between countries and even states, creating uncertainty for operators. Additionally, the high cost of quality raw materials and compliant manufacturing processes can result in premium product pricing, potentially limiting the addressable market. Consumer skepticism and a lack of universal scientific consensus on the efficacy of topical CBD also present ongoing challenges to widespread adoption.

Concentration Insights

The competitive landscape of the cannabis facial oils market exhibits a mix of fragmentation and consolidation. The market features a high concentration of small to medium-sized, niche brands that were early entrants and have built a loyal customer base through a focus on authenticity, organic sourcing, and a direct-to-consumer business model. These companies often emphasize their artisanal quality and strong brand stories. Concurrently, there is a notable trend towards consolidation as larger, well-capitalized players from the conventional cosmetics and pharmaceutical industries are acquiring or forming strategic partnerships with these smaller pioneers to gain immediate market access and product expertise. This activity is creating a more structured competitive environment. Geographically, market concentration is highest in North America, particularly in the United States and Canada, where regulatory frameworks are more developed. Europe is also emerging as a significant hub, with companies like those in the UK and Germany showing strong activity, while the Asia-Pacific region remains a largely untapped opportunity with stricter regulations currently in place.

Type Insights

The cannabis facial oils market is segmented primarily based on the type of cannabinoid used and the source of the cannabis extract. The dominant type is cannabidiol (CBD)-infused oil, which is non-psychoactive and widely legal in many regions when derived from hemp containing less than 0.3% THC. CBD oils are favored for their associated anti-inflammatory and soothing properties. Full-spectrum CBD oil, which contains a range of cannabinoids and terpenes from the cannabis plant, including trace amounts of THC, is popular among consumers seeking the purported "entourage effect" for enhanced benefits. Broad-spectrum oil offers a middle ground, containing multiple cannabinoids but with all THC removed. There is also a segment for oils containing other cannabinoids like cannabigerol (CBG) or cannabinol (CBN), though these are less common. The source material, whether organic or conventionally grown hemp, also defines product types, with a clear consumer preference and premium attached to certified organic ingredients that assure purity and a lack of pesticides or heavy metals.

Application Insights

Cannabis facial oils are applied across various skincare routines, targeting a spectrum of specific skin concerns and desired outcomes. A primary application is in anti-aging regimens, where the antioxidant properties of cannabinoids are marketed to combat free radical damage, reduce the appearance of fine lines and wrinkles, and improve skin elasticity. Another significant application is for acne-prone and sensitive skin; the anti-inflammatory qualities are promoted to help reduce redness, calm irritation, and regulate sebum production. Consumers also use these oils as intensive moisturizers to restore the skin's lipid barrier and provide deep hydration, especially for dry and dehydrated skin types. Furthermore, these oils are increasingly incorporated into post-procedure care, such as after chemical peels or microdermabrasion, to aid in soothing and healing the skin. The application method is also a point of insight, with consumers using the oil as a standalone serum, mixing it with moisturizers, or applying it as the final step in a routine to lock in moisture.

Regional Insights

The adoption and growth of the cannabis facial oils market vary significantly by region, influenced largely by local legislation, cultural attitudes, and consumer purchasing power. North America, led by the United States and Canada, is the most advanced and lucrative market. The U.S. benefits from the federal legalization of hemp-derived CBD, which has spurred a boom in product innovation and availability through both online and brick-and-mortar retailers. Europe represents the second-largest market, with countries like the United Kingdom, Germany, and Switzerland showing progressive attitudes and established regulatory pathways for CBD products, driving steady growth. The Asia-Pacific region remains nascent due to stringent drug laws in many countries, though markets like Australia, with its legal medical cannabis program, and parts of Southeast Asia are showing signs of potential future development. Latin America and the Middle East & Africa are currently minor markets, with growth hindered by restrictive regulations and lower consumer awareness, though this landscape is subject to change as global attitudes evolve.

Company Insights

The competitive arena features a diverse array of companies, from agile startups to multinational corporations. Prominent pure-play companies include Lord Jones, Kiehl's (which has launched CBD-infused products), and Cannuka, which are recognized for their specialized focus and high-quality formulations. These brands have often built their reputation on transparency, sourcing, and educational marketing. The market has also attracted significant attention from major players in the beauty and personal care industry. Companies like L'Or?al, through its brand Kiehl's, and The Est?e Lauder Companies, which invested in Origins, have begun exploring and launching products containing cannabis-derived ingredients. This involvement from established giants brings considerable R&D resources, marketing muscle, and extensive retail distribution, which helps legitimize the category and accelerate consumer adoption. The strategies employed range from organic product development to acquisitions and partnerships with specialized cannabis producers to ensure supply chain integrity and expertise.

Recent Developments

The cannabis facial oils market is dynamic, with recent developments highlighting its maturation and increasing competitiveness. A prominent trend is the surge in clinical research and trials initiated by companies to substantiate the efficacy claims of their products, moving beyond anecdotal evidence to build scientific credibility. There has been a wave of strategic mergers and acquisitions, with larger cosmetic and pharmaceutical firms acquiring smaller, successful CBD skincare brands to quickly gain market share and product IP. Formulation advancements are continuous, with recent launches focusing on water-soluble CBD technologies for better skin absorption and multi-cannabinoid blends that combine CBD with CBG or CBN for targeted effects. On the regulatory front, efforts towards clearer labeling standards and harmonization of laws across regions are ongoing, providing more stability for businesses. Furthermore, brands are increasingly prioritizing sustainability, introducing initiatives for recyclable packaging and carbon-neutral production processes to appeal to environmentally conscious consumers.

Report Segmentation

This comprehensive market report on cannabis facial oils provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The segmentation is primarily based on type, categorizing products into Full-Spectrum CBD, Broad-Spectrum CBD, and CBD Isolate oils, each with distinct characteristics and consumer appeal. The report further segments the market by application, detailing usage for anti-aging, acne treatment, moisturizing, and sensitive skin care, highlighting the specific drivers and growth prospects for each application area. A crucial segmentation is by distribution channel, analyzing sales through specialized online stores, company-owned e-commerce platforms, retail pharmacies, and specialty beauty stores. Geographically, the report provides an in-depth regional analysis covering North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining the unique regulatory, economic, and consumer trends influencing each region. This multi-faceted segmentation allows stakeholders to identify precise growth pockets, understand competitive dynamics, and formulate targeted strategies.

FAQs

What are the benefits of using cannabis facial oil?

Cannabis facial oils are primarily associated with anti-inflammatory and antioxidant properties. Users often report benefits such as reduced redness and irritation, calmer acne-prone skin, and improved hydration. The oils are also marketed for their potential to soothe sensitive skin and diminish the appearance of fine lines by combating oxidative stress.

Is CBD oil for the face legal?

The legality of CBD facial oil depends on its source and the local regulations of the country or state. In many regions, including much of the US and Europe, facial oils containing CBD derived from hemp with a THC content below 0.3% are legal. However, laws vary significantly, and it is crucial to check specific local legislation before purchasing or selling.

Does cannabis facial oil get you high?

No, cannabis facial oils designed for skincare do not produce a psychoactive effect or "high." These products are typically formulated using cannabidiol (CBD) extracted from hemp, which contains negligible amounts of THC, the compound responsible for psychoactive effects. They are intended for topical application and are not absorbed into the bloodstream in a way that would cause intoxication.

What is the difference between hemp seed oil and CBD oil?

Hemp seed oil and CBD oil are derived from different parts of the cannabis plant and have distinct compositions. Hemp seed oil is pressed from the seeds and is rich in omega fatty acids and vitamins, acting primarily as a moisturizer. CBD oil is extracted from the flowers, leaves, and stalks of the plant and contains cannabinoids, which are sought for their potential therapeutic properties on the skin.

How do you use cannabis facial oil?

Cannabis facial oil is typically used as a serum in a skincare routine. After cleansing and toning, a few drops are warmed between the palms and gently pressed into the face and neck. It can be used alone or followed by a moisturizer. Some users also incorporate it by mixing a drop with their daily moisturizer or foundation for added hydration.

Citius Research has developed a research report titled “Cannabis Facial Oils Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Cannabis Facial Oils Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Cannabis Facial Oils Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Cannabis Facial Oils Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Cannabis Facial Oils Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Cannabis Facial Oils Market
• Research Methodology
• Executive Summary
• Market Dynamics of Cannabis Facial Oils Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Cannabis Facial Oils Market
• Cost and Gross Margin Analysis of Cannabis Facial Oils Market
• Cannabis Facial Oils Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Cannabis Facial Oils Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Cannabis Facial Oils Market Key Stakeholders

Below are the key stakeholders for the Cannabis Facial Oils Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Cannabis Facial Oils Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Cannabis Facial Oils Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Cannabis Facial Oils Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Cannabis Facial Oils Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Cannabis Facial Oils Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Cannabis Facial Oils Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Cannabis Facial Oils Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Cannabis Facial Oils Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Cannabis Facial Oils Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Cannabis Facial Oils Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Cannabis Facial Oils Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Cannabis Facial Oils Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Cannabis Facial Oils Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Cannabis Facial Oils Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Cannabis Facial Oils Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Cannabis Facial Oils Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Cannabis Facial Oils Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports