Australia Hangover Cure Products Market Size & Outlook
Australia hangover cure products market, 2016-2030 (US$M)
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Australia hangover cure products market highlights
- The Australia hangover cure products market generated a revenue of USD 12.5 million in 2022 and is expected to reach USD 43.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 16.8% from 2023 to 2030.
- In terms of segment, tablet/capsule was the largest revenue generating product in 2022.
- Solution is the most lucrative product segment registering the fastest growth during the forecast period.
Hangover cure products market data book summary
| Market revenue in 2022 | USD 12.5 million |
| Market revenue in 2030 | USD 43.2 million |
| Growth rate | 16.8% (CAGR from 2022 to 2030) |
| Largest segment | Tablet/capsule |
| Fastest growing segment | Solution |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 0.6% of the global hangover cure products market in 2022.
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan hangover cure products market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 43.2 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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Australia 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.
Tablet/capsule was the largest segment with a revenue share of 46.4% in 2022. Horizon Databook has segmented the Australia hangover cure products market based on solution, tablet/capsule, powder, patches covering the revenue growth of each sub-segment from 2016 to 2030.
The consumption of alcohol is widespread within Australia since it is associated with social and cultural activities, which drives the demand for hangover cure products among consumers.
According to the data released it states that The National Drug Strategy Household Survey (NDSHS) in 2019 found that population aged 14 and above consumed around three-quarters (77%) of alcohol in the last 12 months.
Such indicators have boosted the demand for hangover cure products since there has been an increased awareness regarding the use of such products to avoid hangovers after drinking.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia hangover cure products market , including forecasts for subscribers. This country databook contains high-level insights into Australia hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hangover cure products market size, by product, 2016-2030 (US$M)
Australia Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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