South Africa Hangover Cure Products Market Size & Outlook
South Africa hangover cure products market, 2016-2030 (US$M)
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South Africa hangover cure products market highlights
- The South Africa hangover cure products market generated a revenue of USD 13.1 million in 2022 and is expected to reach USD 33.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.6% 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.
Hangover cure products market data book summary
| Market revenue in 2022 | USD 13.1 million |
| Market revenue in 2030 | USD 33.8 million |
| Growth rate | 12.6% (CAGR from 2022 to 2030) |
| Largest segment | Tablet/capsule |
| Fastest growing segment | Patches |
| 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, South Africa 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 Middle East & Africa, South Africa hangover cure products market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 33.8 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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South 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 47.33% in 2022. Horizon Databook has segmented the South Africa hangover cure products market based on solution, tablet/capsule, powder, patches covering the revenue growth of each sub-segment from 2016 to 2030.
Growing awareness about anti-hangover/hangover cure products, along with their increasing penetration and availability, is likely to drive the South Africa market over the forecast period. Consumers in the country are becoming increasingly aware of the benefits associated with the consumption of hangover cure products, which help in improving metabolism.
Another major factor that is driving the hangover cure products market is the number of new products being launched by key players in the market. For instance, in October 2019, The Plug, a beverage brand, launched a science-backed anti-hangover drink.
The brand differentiates itself through its natural proprietary formula with an exceptional flavor, zero added sugar, and only 40 calories. The brand was launched through an Indiegogo campaign and emerged as the #1 trending name within the food & beverage, drink, and hangover categories.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa hangover cure products market , including forecasts for subscribers. This country databook contains high-level insights into South Africa hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa hangover cure products market size, by product, 2016-2030 (US$M)
South Africa Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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