Asia Pacific Hangover Cure Products Market Size & Outlook
Asia Pacific hangover cure products market, 2016-2030 (US$M)
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Asia Pacific hangover cure products market highlights
- The Asia Pacific hangover cure products market generated a revenue of USD 1,110.9 million in 2022.
- The market is expected to grow at a CAGR of 14.9% from 2023 to 2030.
- In terms of segment, solution was the largest revenue generating product in 2022.
- Tablet/Capsule is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,110.9 million |
| Market revenue in 2030 | USD 3,381.8 million |
| Growth rate | 14.9% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Tablet/Capsule |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Tablet/Capsule, Powder, Patches |
| Key market players worldwide | Abbott Laboratories, Bayer AG, Unilever PLC, More Labs, The Himalaya Drug Company, Rally Labs, Drinkwel, Cheers, Dotshot, AfterDrink, Purple Tree Labs, No Days Wasted, LES Labs, EZ Lifestyle, DrinkAde, Bytox Hangover Patch, Party Patch |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 54.3% of the global hangover cure products market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 952.1 million by 2030.
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Hangover Cure Products Market Scope
Hangover Cure Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hangover cure products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hangover cure products market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 52.42% in 2022. Horizon Databook has segmented the Asia Pacific hangover cure products market based on solution, tablet/capsule, powder, patches covering the revenue growth of each sub-segment from 2016 to 2030.
The demand for hangover cure products is expected to increase in Asia Pacific in the coming years owing to the growing awareness about the benefits of alcohol detox products. These products include tonics for hangover prevention, which provide liver support, restore essential nutrients, help improve metabolism, reduce nausea caused due to excessive alcohol consumption, help rehydrate, and boost energy.
The rising trend of alcohol consumption, particularly wine and beer, among young consumers is steadily increasing in countries such as China, Japan, and South Korea, which is driving the demand for hangover cure products.
According to research by Lancet, in 2019, alcohol consumption in China, the largest economy in Asia Pacific, is registering a steady rise. The research suggested that drinking in China is no more limited to social occasions and business dinners, and is now also associated with personal occasions, fun, leisure, and relaxation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hangover cure products market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hangover cure products market size, by country, 2016-2030 (US$M)
Asia Pacific Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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