Latin America Hangover Cure Products Market Size & Outlook
Latin America hangover cure products market, 2016-2030 (US$M)
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Latin America hangover cure products market highlights
- The Latin America hangover cure products market generated a revenue of USD 116.6 million in 2022.
- The market is expected to grow at a CAGR of 13.8% from 2023 to 2030.
- In terms of segment, tablet/capsule 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 116.6 million |
| Market revenue in 2030 | USD 327.7 million |
| Growth rate | 13.8% (CAGR from 2022 to 2030) |
| Largest segment | Tablet/capsule |
| 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, Latin America region accounted for 5.7% 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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Latin America 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 59.78% in 2022. Horizon Databook has segmented the Latin America hangover cure products market based on solution, tablet/capsule, powder, patches covering the revenue growth of each sub-segment from 2016 to 2030.
The Central & South America hangover cure products market is witnessing strong growth due to the rapidly growing economies of Brazil and Argentina. The strong growth of the market is estimated to continue, backed by factors such as widespread adoption of products, and increasing awareness about such products.
The diversification of the Central & South America hangover cure market such as normalized government norms and regulations concerning the import and export of such products, and overall improved economic structure are the factors which are expected to positively impact the market growth in the coming years.
According to a report published by the World Health Organization (WHO) on the Global Status Report on Alcohol and Health in 2018, a few countries in Central & South America, such as Panama, Brazil, Nicaragua, and Costa Rica, accounted for the highest proportion of alcohol consumption, including rum, whiskey, vodka, brandy, cognac, and some digestives.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America hangover cure products market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America hangover cure products market size, by country, 2016-2030 (US$M)
Latin America Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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