Europe Hangover Cure Products Market Size & Outlook
Europe hangover cure products market, 2016-2030 (US$M)
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Europe hangover cure products market highlights
- The Europe hangover cure products market generated a revenue of USD 298.7 million in 2022.
- The market is expected to grow at a CAGR of 15.6% from 2023 to 2030.
- In terms of segment, powder was the largest revenue generating product in 2022.
- Patches is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 298.7 million |
| Market revenue in 2030 | USD 952.1 million |
| Growth rate | 15.6% (CAGR from 2022 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Patches |
| 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, Europe region accounted for 14.6% 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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Europe 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.
Powder was the largest segment with a revenue share of 42.42% in 2022. Horizon Databook has segmented the Europe 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 significantly increasing in the European region due to growing awareness about anti-hangover products and their increasing penetration among consumers in developed countries such as Germany and the U.K.
Furthermore, due to the growing preference of consumers for herbal and natural supplements, manufacturers are focusing on adding extracts of green tea, gotu kola, aloe vera, and others to hangover cure products.
According to a research study by The Lancet in 2019, the European region has the highest prevalence of alcohol drinkers and one of the highest rates of alcohol consumption per capita in the world. This scenario is likely to create huge opportunities for the hangover cure products market in this region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hangover cure products market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hangover cure products market size, by country, 2016-2030 (US$M)
Europe Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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