South Korea Hangover Cure Products Market Size & Outlook
South Korea hangover cure products market, 2016-2030 (US$M)
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South Korea hangover cure products market highlights
- The South Korea hangover cure products market generated a revenue of USD 336.3 million in 2022 and is expected to reach USD 991.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.5% 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 336.3 million |
| Market revenue in 2030 | USD 991.5 million |
| Growth rate | 14.5% (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, South Korea accounted for 16.4% 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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South Korea 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 53.14% in 2022. Horizon Databook has segmented the South Korea 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 has been increasing in South Korea as consumers are engaged in alcohol consumption on a day-to-day basis. With this, the country has developed more diversified hangover curing methods.
According to South China Morning Post, drinking is a casual activity in South Korea and is common in both formal and informal occasions. People like to socialize over an alcoholic drink with business groups to establish bond and understanding.
The country exhibits a preference for soju shots, a fermented rice spirit containing 20% alcohol. Thus, the integration of alcohol in social structure, traditions, and lifestyle is expected to create a strong opportunity for hangover cure products in South Korea.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea hangover cure products market , including forecasts for subscribers. This country databook contains high-level insights into South Korea hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea hangover cure products market size, by product, 2016-2030 (US$M)
South Korea Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
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