China Hangover Cure Products Market Size & Outlook
China hangover cure products market, 2016-2030 (US$M)
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China hangover cure products market highlights
- The China hangover cure products market generated a revenue of USD 112.5 million in 2022 and is expected to reach USD 347.7 million by 2030.
- The China market is expected to grow at a CAGR of 15.1% 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.
Hangover cure products market data book summary
| Market revenue in 2022 | USD 112.5 million |
| Market revenue in 2030 | USD 347.7 million |
| Growth rate | 15.1% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Tablet/Capsule |
| 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, China accounted for 5.5% 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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China 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 54.04% in 2022. Horizon Databook has segmented the China hangover cure products market based on solution, tablet/capsule, powder, patches covering the revenue growth of each sub-segment from 2016 to 2030.
According to a report published by Guardian News & Media Limited in May 2019, the average consumption of alcohol among men in China was 11 liters, majorly spirits and beer, whereas women consumed 3 liters in 2017.
The average alcohol consumption among adults in China was more than 7 liters, reporting an increase of 70% in China’s consumption in 1990. The report also added that the global alcohol consumption has increased significantly in the last 30 years, mostly due to heightened sales in China and India.
The report further predicted that the per capita alcohol intake of China will exceed the U.S. by 2030. The average per capita consumption of alcohol among adults in China is expected to be over 10 liters yearly by 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the China hangover cure products market , including forecasts for subscribers. This country databook contains high-level insights into China hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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China hangover cure products market size, by product, 2016-2030 (US$M)
China Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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