Hangover Cure Products Industry Overview
The global hangover cure products market size was estimated at USD 2.34 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2030.
The increasing consumption of alcohol across the world is one of the key factors fueling the demand for hangover cure products over the forecast period. Alcohol consumption is steadily increasing in various countries including the U.S., China, India, Spain, Italy, South Africa, and Canada, thereby fueling the demand for hangover cure products.
Gather more insights about the market drivers, restrains and growth of the Hangover Cure Products Market
The market is anticipated to experience growth during the forecast period due to the increasing adoption of hangover cure products and the rising awareness of anti-hangover products in developed countries like the U.S., the UK, and Germany. These products include alcohol detox solutions, such as hangover prevention tonics, which aid in liver support, replenish vital nutrients, promote hydration, and enhance energy levels. Furthermore, as consumers increasingly prefer herbal-based options, companies are launching products that incorporate herbal ingredients like milk thistle and other plant extracts. These ingredients not only safeguard the liver and facilitate acetaldehyde metabolism but also assist in eliminating toxins from the body.
The global market for hangover cure products is poised for growth, driven by the growing health consciousness among consumers worldwide. In addition, manufacturers are expected to seize significant opportunities through product innovation in the field of hangover remedies in the upcoming years. Many companies are adopting a natural and herbal approach, reducing the use of artificial or synthetic ingredients in their hangover cure products. This shift aligns with the increasing health awareness among consumers, leading to increased demand for natural and herbal alternatives in this market segment.
Consumers are becoming more cognizant of the advantages associated with the consumption of hangover cure products, which aid in improving metabolism, alleviating nausea resulting from excessive alcohol consumption, and promoting hydration. Notably, hangover cure products infused with ginger are particularly effective in reducing nausea and alleviating stomach discomfort.
Browse through Grand View Research's Alcohol Tobacco Industry Research Reports.
- The global ready to drink mocktails market size was valued at USD 8.26 billion in 2023 and is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- The global tequila seltzers market size was estimated at USD 3.36 billion in 2023 and is expected to grow at a CAGR of 8.9% from 2024 to 2030.
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
- 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
Key Companies profiled:
- 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)
Recent Developments
- In December 2022, De Faire Medical, a Swedish probiotic company, introduced Myrkl, its pre-drinking supplement, in the United States. Myrkl, an anti-hangover solution, has been launched in both the US and Canada. The supplement asserts its ability to break down 70% of alcohol within 60 minutes of consumption. Taking two pills before drinking, users are claimed to be able to prevent hangover symptoms such as headache, nausea, and fatigue.
- In July 2022, AWKN, a London-based company, introduced an exhilarating new hangover prevention supplement available in a convenient liquid sachet format. With distribution in the UK, EU, and North America, this product offers a proven formulation that combines a thoughtfully curated selection of Eastern-inspired vitamins, minerals, and herbs. These ingredients work together to provide support to the body during alcohol consumption.
Order a free sample PDF of the Hangover Cure Products Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
