Middle East & Africa Hangover Cure Products Market Size & Outlook
Middle East & Africa hangover cure products market, 2016-2030 (US$M)
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MEA hangover cure products market highlights
- The MEA hangover cure products market generated a revenue of USD 37.3 million in 2022.
- The market is expected to grow at a CAGR of 12.8% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 37.3 million |
| Market revenue in 2030 | USD 97.6 million |
| Growth rate | 12.8% (CAGR from 2022 to 2030) |
| Largest segment | Tablet/capsule |
| Fastest growing segment | Solution |
| 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, MEA region accounted for 1.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Hangover Cure Products Market Scope
Hangover Cure Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 43.43% in 2022. Horizon Databook has segmented the Middle East & Africa hangover cure products market based on solution, tablet/capsule, powder, patches covering the revenue growth of each sub-segment from 2016 to 2030.
Although the consumption of alcohol in the Middle East and North Africa is notably lower compared to the rest of the world, there has been a rise in the consumption of alcohol, particularly beer, in some Middle Eastern countries such as Bahrain, Cyprus, Egypt, Iran, and Iraq.
These countries primarily drive the market for hangover cure products in the region. These alcohol detox products prevent hangovers by providing essential nutrients, liver support, and boost energy with vitamin B.
The plant extracts in these products aid in better liver function, remove toxins, and metabolize acetaldehyde. Hence, increasing heath awareness and penetration of antihangover products among consumers in the region is fueling the growth of this market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hangover cure products market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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MEA hangover cure products market size, by country, 2016-2030 (US$M)
Middle East & Africa Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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