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?

A hangover is an accumulation of unpleasant mental and physical symptoms caused by excessive alcohol consumption. Alcohol consumption contributes to this state in several ways, including improper dehydration and electrolyte balance, lowering blood sugar levels, and disrupting GIT activity and biological rhythms. A hangover causes a headache, sleepiness, dizziness, confusion, and thirst. It is most common in the morning after a night of overindulgence. Hangovers can occur when the liver is unable to break down acetaldehyde. Acetaldehyde builds up when the body is unable to keep up with the volume or rate of consumption. Morning Recovery strives to be a hangover remedy that quickly breaks down acid.

Global Hangover Rehydration Supplements Market Overview

The rising global consumption of alcoholic beverages is one of the key factors driving demand for hangover rehydration supplements over the forecast period. Alcohol consumption is steadily rising in a number of countries, including the United States, China, India, Spain, Italy, South Africa, and Canada. The rise in consumption is attributed to the growing popularity of wine and beer among young consumers as a result of increased availability, as well as the introduction of new varieties. Growing awareness of hangover rehydration supplement products is expected to drive demand in the coming years, owing to a growing preference for reducing alcohol consumption as a result of rising obesity and other lifestyle-related diseases. Excessive alcohol consumption can lead to the development of chronic diseases and other serious problems such as high blood pressure, heart disease, stroke, liver disease, and digestive issues over time. However, Illegal sales of hangover supplements may limit market growth during the forecast period. For instance, the United States Food and Drug Administration announced in July 2020 that it had issued warning letters to seven companies for illegally selling unapproved products labelled as dietary supplements that claimed to cure, treat, mitigate, or prevent hangovers, in violation of the Federal Food, Drug, and Cosmetic Act (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-

Based on Product, the market is bifurcated into Solutions, Tablets / Capsules, and Powder. Solutions accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 15.40% during the forecast period. The solution supplements segment accounted for the largest market share and is expected to grow at the fastest rate during the forecast period. Growing popularity of products such as Pedialyte, Morning Recovery, and Never Too Hangover in the United States and the United Kingdom is expected to drive demand for solutions over the forecast period. Because of the growing consumer preference for herbal and plant-based products, market participants are developing hangover cure products with ingredients such as ginseng, turmeric, and milk thistle.

Hangover Rehydration Supplements Market by Application

• Online
• Offline

Based on Application, the market is bifurcated into Online, and Offline. Offline accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 14.09% during the forecast period. During the forecast period, the offline segment held the largest market share. Increasing product visibility at various retail stores such as Safeway, CVS Health, Walgreens, Wal-Mart, and Target is a key factor driving offline sales of hangover rehydration supplements. The growing number of health-conscious consumers around the world is driving up demand for nutritional and functional drinks. Despite the fact that the detox product market is relatively small and fragmented, with many different small businesses competing, there are some brands that stand out.

Hangover Rehydration Supplements Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Get Summarized Market Report By Geography-

On the basis of regional analysis, the Global Hangover Rehydration Supplements Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia Pacific accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 16.13% during the forecast period. Owing to the growing preference for herbal products, market players in the Asia Pacific are focusing on using herbal ingredients in their supplements. For instance, in February 2019, Baidyanath Group introduced Armr, an herbal anti-hangover product, and Shunya, an herb-infused vitamin drink, in India. Such initiatives are likely to fuel the market growth over the forecast period.

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.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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