Hangover Cure Product Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2022-2030
This report describes the global market size of Hangover Cure Product Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 15.3% from 2023 to 2030.
Antioxidants, preventive vitamins, minerals, and organic herbs are used in the formulation of hangover cure medicines to help liver detoxification. Together, these elements efficiently treat common hangover symptoms as headache and nausea.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Hangover Cure Product Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 15.3% during the forecast period 2023-2030. North American market for Hangover Cure Product Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
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Key players operating in the global Hangover Cure Products market are:
Abbott
Bayer AG
More Labs
The Himalaya Drug Company
Rally Labs LLC (Blowfish)
Flyby
Drinkwel, LLC
Cheers Health
Liquid I.V., Inc.
DOTSHOT
others.
Product
Solutions
Tablets/Capsules
Powder
Patches
In 2022, hangover treatment pills and capsules held the greatest market share with 36.7%. The key reason promoting the growth of this market is the rising popularity of tablets and capsules given by players like No Days Wasted and Flyby. In 2022, the sector for tablets and capsules held a sizable market share. The most widely used hangover remedy is tablets or capsules because of its high level of product visibility. It is anticipated that the growing use of tablets and capsules in China, Japan, and India will positively affect the expansion of the global market.
Type
Hangover Prevention
Hangover Remedies
The leading share of the market for hangover remedies was 76.0% in 2022, and it is anticipated that it will continue to hold that position throughout the forecast period. The majority of drinkers decide to take pills, tablets, and solutions to restore the body’s electrolyte balance after consuming alcohol. Customers are looking for hangover cures that particularly target the symptoms of a hangover, such as dehydration and insomnia, and include herbal substances like milk thistle, passionflower, kudzu root, lemon balm, and vitamins. The demand for herbal pills and tablets is rising as a result.
Distribution Channel
Online
Offline
The primary distributors of hangover remedies are “offline” distribution channels such pharmacies and health & wellness centres, as well as select supermarkets, hypermarkets, and department shops. The majority of pharmacies also provide delivery services in an effort to increase their customer base. Chemist Warehouse, Priceline Pharmacy, Soul Pattinson, TerryWhite Chemmart, Brunet, Costco, etc. are a few of the well-known physical retailers selling hangover remedies. The three main drivers of these products’ offline channel sales are immediate availability, improved product visibility at these retailers, and physical verification. A significant revenue share of 57.7% was accounted for by the sales of hangover remedies through the “online” distribution channel in 2022.
Investigator Observers Strong Growth in Specific Regions:
-Europe Market (Germany, UK, France, Russia, Italy)
-Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
-South America Market (Brazil, Argentina, Colombia)
-North America Market (United States, Canada, Mexico)
-Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The demand for the product is projected to increase due to the increased usage of hangover remedies to reduce the side effects of excessive alcohol use, such as nausea, exhaustion, and headaches. During the projected period, the U.S. market for hangover remedies is anticipated to grow at a CAGR of 14.3%. These solutions provide additional advantages for the liver as well as hydration assistance to ensure that the body functions properly after consuming too much alcohol. The brisk economic growth in the United States and Canada, together with shifting trends in alcohol consumption and altering health and lifestyle trends, all contribute to the brisk demand for these items.
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Market Forecast Related Considerations
– Impact on each country and various region
– Change in supply chain related operation
– Positive and negative scenarios of the market during the ongoing pandemic
– Impact on various sectors facing the greatest drawbacks are manufacturing, transportation and logistics, Healthcare, Chemical and retail and consumer goods.
Objectives of the Study
– To define, describe, and forecast the global Hangover Cure Products market by products and services and region
– To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall Hangover Cure Products market
– To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
– To forecast the size of the Hangover Cure Products market in five major regions along with their respective key countries (Europe, North America, Asia-Pacific, Latin America, and Middle East and Africa)
– To profile the key players in the global Hangover Cure Products market and comprehensively analyze their core competencies and market shares
– To track and analyze competitive developments such as product launches, expansions, and Research and Development activities of the leading players in the Hangover Cure Products market.
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