The global Hangover Cure Products Market size is estimated to reach USD 6.18 billion by 2030, and grow at a CAGR of 14.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Over the past few years, the sales of hangover cure products have skyrocketed in the country. This increased availability has soared product adoption among Generation Z and millennials in the U.S. Increasing penetration of tablets/capsules worldwide is anticipated to have a positive impact on the market growth.
The
market is poised for growth during the forecast period due to the increasing
adoption of cure products and the growing awareness about anti-hangover
products globally. Market players are expanding their presence by utilizing
various distribution channels to reach a wider audience. In recent years, there
has been a notable rise in consumer interest in functional foods and drinks
worldwide. Therefore, ingredients that enhance energy, mental clarity, and
mood, and reduce stress are expected to gain traction among consumers in the coming
years. This trend towards functional foods and drinks presents opportunities
for manufacturers of hangover cure products.
In
addition, the widespread adoption of e-commerce has facilitated easy online
distribution of hangover cure products globally. This development is
anticipated to provide further opportunities for market players. The
introduction of innovative hangover cure products through various distribution
channels will play a vital role in driving market growth in the future.
Related Press
Release@ Hangover
Cure Products Market Report
Hangover Cure Products Market Report Highlights
- In terms of
product, hangover cure tablets/capsules held a market share of 36.8% in
2023. Hangover cure tablets containing dihydromyricetin are majorly
consumed worldwide. Nuun, a hydration solutions company, offers functional
effervescent tablets to enhance energy levels and provides optimum
hydration benefits. Such initiatives by market players will have a
positive impact on segment growth over the forecast period
- Based on remedies,
the shift in consumer inclination for remedies that offer benefits like
rehydration, boosting antioxidant levels in the body, treating hangovers,
and neutralizing alcohol by-products are expected to further drive the
market’s growth. The market for hangover remedies held the dominant share
of 74.5% in 2023 and is expected to retain its lead throughout the
forecast period.
- The online
channel is the leading platform for the sale of hangover cure products,
with a global share of 57.6% in 2023. To expand their reach and customer
base, FMCG companies and pharmaceutical firms are increasingly forging
partnerships with third-party aggregators like CVS Health and Amazon.com
to positively influence the segment’s growth
- Market
players are actively promoting their products as effective solutions for
hangover prevention, which has contributed to the increased adoption of
these products. In June 2022, a Swedish company, Myrkl, introduced a
"pre-drinking pill" in the UK, claiming that it breaks down alcohol
before it reaches the liver, thereby preventing the formation of toxic
acetaldehyde
Hangover Cure Products
Market Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 2.68
billion |
|
Revenue
forecast in 2030 |
USD 6.18
billion |
|
Growth
Rate (Revenue) |
CAGR of
14.9% from 2024 to 2030 |
|
Actuals |
2018 -
2023 |
|
Forecast period |
2024 - 2030 |
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Hangover Cure Products Market Segmentation
Grand
View Research has segmented the global hangover cure products market report on
the basis of product, type, distribution channel, and region
Hangover Cure Products Product Outlook (Revenue, USD
Million, 2018 - 2030)
- Solutions
- Tablets/Capsules
- Powder
- Patches
Hangover Cure Products Type Outlook (Revenue, USD
Million, 2018 - 2030)
- Hangover
Prevention
- Hangover
Remedies
Hangover Cure Products Distribution Channel Outlook
(Revenue, USD Million, 2018 - 2030)
- Online
- Offline
Hangover Cure Products Regional Outlook (Revenue, USD
Million, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Spain
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Central
& South America
- Brazil
- Argentina
- Middle East
& Africa
- South
Africa
- Turkey
List of Key Players of Hangover Cure Products Market
- Abbott
- Bayer AG
- More Labs
- The Himalaya
Drug Company
- Rally Labs
LLC (Blowfish)
- Flyby
- Drinkwel,
LLC
- Cheers
Health
- Liquid I.V.,
Inc.
- DOTSHOT
- AfterDrink
Ltd.
- Toniiq
- Purple Tree
Labs
- No Days
Wasted
- LES Labs
(Detoxx)
- EZ Lifestyle
(Over EZ)
- DrinkAde
- Kaplan
Laboratory, LLC (H-PROOF)
- Bytox
- Cheal
Hangover Patch
- Party Patch
- Rebound
Hangover Patch
- TRIO Patch
- SmartPatches
- D-Tox
Hangover Patches
- La Mend,
Inc. (The Good Patch)
- RallyPatch,
LLC
- Ozmo Patch
- Wet Buffalo
Patch
- LiveToShine
- AWKN
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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