Product ID: SQMIG30F2038
Global Hangover Cure Products Market Size, Share, Growth Analysis, By Product(Solutions, Tablets/Capsules), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031
Report ID:
SQMIG30F2038 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
63 |
Figures:
70
Global Hangover Cure Products Market Regional Insights
The rising utilization of hangover cure products to alleviate the adverse effects of excessive alcohol consumption, such as fatigue, nausea, and headaches, is anticipated to drive demand in North America. The U.S. hangover cure products market is projected to exhibit a CAGR of 14.3% during the forecast period. These products offer not only relief but also liver support and hydration maintenance after consuming alcohol excessively. The robust demand is bolstered by the economic progress in the U.S. and Canada, coupled with changing alcohol consumption patterns and evolving health and lifestyle preferences. In Europe, the demand for hangover cure products is on the rise, owing to heightened awareness and increased adoption among consumers in developed countries like the UK and Germany. The UK emerged as a leader in the European market with a 23.4% revenue share in 2022. Additionally, manufacturers are tapping into the growing preference for herbal and natural supplements by incorporating extracts of green tea, gotu kola, aloe vera, and other herbal ingredients.
In 2022, Asia Pacific held a substantial market share of 54.3%. This dominance can be attributed to the prevalent drinking culture in many countries across the region, leading to a higher frequency of hangovers and subsequently driving demand for hangover cure products. The Asia Pacific region is poised for a surge in demand during the forecast period due to growing awareness about the benefits of alcohol detox products. Notably, the Australian market is witnessing remarkable growth, with an expected CAGR of 16.9%. Hangover cure products in this region encompass comprehensive support, including liver aid, nutrient restoration, improved metabolism, reduced alcohol-induced nausea, hydration promotion, and enhanced energy levels. The incorporation of herbal ingredients is a notable trend as consumers show a growing inclination towards herbal options.
Global Hangover Cure Products Market Report Snapshots
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