Global Hangover Rehydration Supplements Market Size By Product(Solutions, Tablets / Capsules, and Powder), By Application(Online, and Offline), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Hangover Rehydration Supplements Market Size By Product(Solutions, Tablets / Capsules, and Powder), By Application(Online, and Offline), By Geographic Scope And Forecast
Hangover Rehydration Supplements Market Size And Forecast
Hangover Rehydration Supplements Market size was valued at USD 1,288.55 Million in 2020 and is projected to reach USD 3,863.74 Million by 2028, growing at a CAGR of 14.96% from 2021 to 2028.
The rising global consumption of alcoholic beverages is one of the key factors driving demand for hangover rehydration supplements over the forecast period. The Global Hangover Rehydration Supplements Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Hangover Rehydration Supplements?
So, you had a few too many drinks last night? That probably means you're dealing with a hangover, that delightful collection of icky mental and physical symptoms you get from going overboard with the booze. Alcohol really messes with you, causing dehydration and throwing your electrolytes off balance, tanking your blood sugar, and messing with your stomach and your natural sleep cycle. You'll likely feel that pounding headache, be super sleepy, dizzy, confused, and crazy thirsty. Yep, hangovers usually hit hardest the morning after a night of overdoing it. They happen because your liver can't keep up with breaking down something called acetaldehyde, which builds up when you drink too much, too fast. That's where something like Morning Recovery comes in; it's supposed to help your body quickly break down that nasty stuff.
Global Hangover Rehydration Supplements Market Overview
Ever notice how everyone seems to be drinking more these days? Well, that's a big reason why we're seeing more interest in hangover rehydration supplements. Places like the United States, China, India, and even sunny Spain are seeing a steady increase in alcohol consumption. What's driving it? A lot of it is thanks to younger folks discovering wine and beer, and all the new options out there. But it's not all fun and games. People are also becoming more aware of these supplements because they're trying to cut back on the booze, thanks to growing concerns about obesity and other health issues. Let's be real, too much alcohol can lead to some serious problems down the road, like high blood pressure, heart issues, and liver disease. However, the market isn't without its challenges. Illegal sales of these supplements could slow things down. For example, the U.S. Food and Drug Administration slapped warning letters on seven companies back in July 2020 for selling unapproved stuff that claimed to "cure" hangovers, which is a no-no according to the law (FD&C Act).
Global Hangover Rehydration Supplements MarketSegmentation Analysis
The Global Hangover Rehydration Supplements Market is segmented on the basis of Product, Application, and geography.
Hangover Rehydration Supplements Market by Product
Solutions
Tablets / Capsules
Powder
To Get Summarized Market Report By Product-
Okay, so when we look at the market based on the Product type, it's basically split into three areasSolutions, Tablets/Capsules, and Powder. Right now, Solutions are leading the pack – they had the biggest slice of the pie in 2020, and they're expected to keep growing really fast, like a whopping 15.40% each year! It seems like everyone's reaching for liquid options. What's driving this? Well, popular drinks like Pedialyte, Morning Recovery, and Never Too Hangover are becoming super popular in places like the United States and the United Kingdom. Plus, because more and more people are looking for natural and plant-based remedies, companies are coming out with hangover cures that include ingredients like ginseng, turmeric, and milk thistle.
Hangover Rehydration Supplements Market by Application
Online
Offline
When we look at how people are buying hangover rehydration supplements, it breaks down into two main categoriesOnline and Offline. Now, in 2020, good old Offline was the big winner, and get this - it's predicted to keep growing super fast, like at a rate of 14.09% each year! Seriously, even though the online space is there, a lot of folks are still grabbing these supplements at stores. Why? Well, think about it - you see them right there when you're shopping at places like Safeway, CVS Health, Walgreens, Wal-Mart, and Target. That visibility really helps! Plus, more and more people are getting into healthy living, which is boosting the whole market for drinks that give you a nutritional boost. Even though there are tons of small companies out there all trying to sell detox products, there are definitely a few brands that are starting to make a name for themselves.
Hangover Rehydration Supplements Market by Geography
North America
Europe
Asia Pacific
Rest of the world
To Get Summarized Market Report By Geography-
Okay, so when we look at the Hangover Rehydration Supplements Market around the world, we can break it down by regionNorth America, Europe, Asia Pacific, and then basically everywhere else. Turns out, Asia Pacific was the biggest market in 2020, and they're expected to keep growing like crazy at a rate of 16.13% each year! What's driving this? Well, people in Asia Pacific seem to really like herbal products. Because of this strong preference, companies there are really focusing on using herbal ingredients in their supplements. Take, for example, the Baidyanath Group launching Armr, a herbal anti-hangover product, and Shunya, an herb-infused vitamin drink, in India back in February 2019. Things like that will probably really help the market grow over the next few years.
Key Players
The “Global Hangover Rehydration Supplements Market ” study report will provide a valuable insight with an emphasis on the global market including some of the major players such asLabs, Himalaya Wellness, Rally Labs, Flyby Ventures, Drinkwel, and others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Company Name
Key Development
Description
Pharma Way AB
Business Expansion
Pharma Way AB, a Swedish Foodtech company, launch Dot Shot in the USA and Europe through e-commerce.
Gen.G
Partnership
Gen.G, the global esports organization connecting the best gamers in the United States and Asia, and More Labs, the science-backed brand behind the hangover cure Morning Recovery, will partner to help Gen.G’s CSGO team in the areas of player focus and performance.
Report Scope
Report Attributes
Details
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion)
Key Companies Profiled
Himalaya Wellness, Rally Labs, Flyby Ventures, Drinkwel, and others.
Segments Covered
By Product, By Application, and By Geography
Customization Scope
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
We dig deep into the market using both qualitative and quantitative methods, segmenting it based on things like the economy, but also other, less obvious factors. You'll get market value data in USD Billion for every segment and sub-segment. We'll point out the region and segment we think will grow the fastest and be the biggest. We'll also break down each geographic area, looking at product/service consumption and what's influencing the market there. Think of it as a tour of the market, region by region. Plus, we'll give you a competitive landscape view, showing market rankings of major players, new product launches, partnerships, expansions, and acquisitions from the last five years. We'll provide detailed company profiles, including overviews, insights, product benchmarking, and SWOT analysis for key players. Get a sense of where the industry is now and where it's going, considering recent developments like growth opportunities, drivers, challenges, and restraints in both new and established regions. We'll also provide an in-depth analysis using Porter's five forces and give you insight through the value chain. Finally, expect a market dynamics scenario, growth opportunities for the future, and 6 months of analyst support after the sale.
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