Global Hangover Cure Products Market is valued approximately at USD 1.56 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 14.60% over the forecast period 2021-2027. Growing awareness regarding anti-hangover products are expected to increase the demand in coming years due to rising preference for reducing alcohol consumption owing to growing obesity and other lifestyle-related diseases and increasing investment in hangover cure products by developers. According to Statista, obesity rates in United States adults has increased from 39.8% in 2015-16 to 42% in 2017-18. Also, consumption of alcoholic beverages in India has increased from 5.94 billion liters in 2018 to 6.53 billion liters in 2020. Additionally, in 2019, Cheers Health Inc., raised funding of USD 2.1 million for building its brand and upgrading products. Furthermore, research and development initiatives taken by market players to enhance product specifications and growing preference for herbal products are expected to fuel demand in coming years. However, growing cases of side effects owing to excess consumption may hamper the growth during forecast period.
Asia Pacific is the leading region in world market among Asia Pacific, North America, Europe, Latin America, and Rest of the World, and is also expected to grow with the fastest pace during forecast period. Growing awareness regarding alcohol detox products and growing trend of alcohol consumption is fueling demand in Asia Pacific market.
Major market player included in this report are:
Rebound Hangover Patch
D-Tox Hangover Patches
La Mend, Inc. (The Good Patch)
Wet Buffalo Patch
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Distribution Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Hangover Cure Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers