The global anti-hangover supplement market is expected to record a valuation of USD 1.9 billion by the end of 2023 and further expand at a remarkable CAGR of 14.5% to reach a valuation of USD 6.8 billion by 2033. According to a recent study by Future Market Insights, the solutions segment based on the product is leading the market with a share of about 50.2% in 2022.
Key Market Highlights
The development of a sedentary lifestyle and growing awareness among consumers are driving the demand for hangover rehydration supplement. A sedentary lifestyle increases the risk of diabetes and cardiovascular disease due to the adoption of unhealthy habits. This further drives the need for vitamin supplement to support the metabolism and combat tiredness.
Alcoholism and alcohol misuse can have severe negative impacts on a person's health, as well as on their emotional stability. Its prolonged use not only weakens the immune system but also increases the risk of mental health problems. However, during the foreseeable years, this is expected to provide lucrative opportunities for growth in the overall anti-hangover Supplement market.
According to a research study in 2021, the National Survey on Drug Use and Health (NSDUH) in the United States estimates that 29.5 million Americans, people older than 12 years, have alcohol use disorder (AUD).
Russia, similarly, has a high prevalence of alcohol use disorder, which is around 20.9%. This is the most common drug that causes addiction in people all over the world. Numerous epidemiology studies demonstrate that alcohol misuse is widespread throughout various population groups.
Attributes | Key Statistics |
---|---|
Market Value (2022) | USD 1.7 billion |
Market Value (2023) | USD 1.9 billion |
Market Value (2033) | USD 6.8 billion |
Estimated Growth (2023 to 2033) | 14.5 % CAGR |
Share of Top 5 Countries | 56.4% |
Anti-hangover Supplement are produced with quick-acting, top-notch components that the body needs for effective functioning. Pills aimed at preventing hangovers are filled with vital vitamins and nutrients that have been shown to lessen and eliminate the typical symptoms. A few of these vitamins, notably vitamins B, C, D, and E, are necessary for the production of patented hangover prevention formula.
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The market value for anti-hangover supplement was around 1.2% of the overall global dietary supplement market in 2022. The sales of anti-hangover supplement expanded at a CAGR of 10.5% from 2017 to 2022, owing to the adaption of the supplement.
The demand for anti-hangover supplement is expected to stay strong, offsetting any industry margin compressions. The preference for anti-hangover supplement is growing as these supplement have a positive effect on human health after consumption of alcohol, which leads to severe dehydration, low blood sugar, nausea, dizziness, fatigue, and severe throbbing headaches.
Attributes | Key Statistics |
---|---|
Estimated Growth (2017 to 2022) | 10.5% CAGR |
These post-alcohol symptoms require supplement to ease physical as well as mental exhaustion. This is a key factor driving the production growth of the anti-hangover supplement market. Furthermore, the prevalence of underage drinking, heavy drinking, and binge drinking have been brought into day-to-day lifestyle.
According to the 2019 NSDUH, 39.7 percent of 12- to 20-year-olds had consumed at least one alcoholic beverage in their lifetimes. The market is expected to witness promising growth in the given forecast period owing to increased awareness of anti-hangover medications among consumers. With the ability to access online drug portals and websites of international organizations in the health sector, consumers are becoming more aware of the value of well-being and prevention.
Thus, owing to the aforementioned factors, the global market is expected to grow at a rate value of 14.5% from 2023 to 2033.
Anti-hangover supplement play an essential role in delivering better health outcomes. Anti-hangover supplement have superior qualities yet come along with a few drawbacks.
Global consumption of alcoholic beverages like beer, wine, and spirits is significant. Alcohol is toxic and harmful to humans, as is acetaldehyde, which is a by-product of alcohol. Numerous health issues, including hangovers, liver damage, and cancer, can be brought on by either a chronic alcohol use disorder or occasional binge drinking.
Some organic foods, including common herbs, fruits, and vegetables, may be used as dietary supplement or medicines to prevent and treat issues brought on by excessive alcohol intake. In 2020, the United States FDA issued a warning against seven players for selling unapproved supplement. Buyers can wrongly believe that by consuming these products, they might avoid or lessen the adverse effects of excessive drinking on their health. These factors cumulatively propose a negative effect on the developmental growth of the anti-hangover supplement market.
Top Countries | CAGR |
---|---|
United States | 33.9% |
China | 2.7% |
Germany | 3.1% |
South Korea | 10.0% |
Japan | 6.9% |
The United States dominates North America with a total market share of about 89.4% in 2022 and is expected to continue to experience the same growth throughout the forecast period.
An increase in the prevalence of alcohol consumption and sedentary lifestyle will project the anti-hangover supplement market. According to the National Institute of Alcohol Abuse & Alcoholism, 2022, in the United States, alcohol use accounted for 43.1% of the 85,688 liver disease fatalities among people 12 and older.
Around 67,486 males died from excessive alcohol use consumption making it the third leading cause of death in the United States. Alcohol use accounted for 39.0 percent of the 32,202 fatalities from liver disease that occurred in females.
Germany is set to exhibit a growth rate of nearly 8.2% in the Europe anti-hangover supplement market during the forecast period.
An increase in the consumption of nutritional supplement and more focus on health improvement is driving the market for Germany during the forecast period. According to a German-wide consumer survey on dietary Supplement with vitamins and minerals in 2022, 28% to 50% of middle-aged people consume nutrient Supplement, as 19.4% of Germans are hazardous drinkers.
China holds around 26.2% share in the East Asia market in 2022 and is projected to display growth at a lucrative rate of 13.4% during the forecast period.
The alcohol dependence in China is nearly 3.5%, making it a public health problem in the country. Traditional Chinese medicines are widely prescribed for alcohol toxicity and liver deficiencies. Therefore, compounds derived from natural sources like malus Hupehensis leaves, also have been investigated to possess an enormous potential for research and development of anti-hangover Supplement.
Solutions segment by product type are expected to present high growth at a rate of 18.3% by the the year 2022, with a market share of about 50.2% in the global market in 2022.
By Product | Solutions |
---|---|
CAGR | 18.3% |
A significant element that is projected to fuel demand for solutions over the forecast period is the rising popularity of goods like Pedialyte, Morning Recovery, and Never Too Hangover in the United States and the United Kingdom.
The offline segment holds a prominent market share value of 85.1% during the year 2022. The main distribution outlets for hangover remedies are pharmacies and health and wellness centers, as well as select supermarkets, hypermarkets, and department stores. The majority of pharmacies also provide delivery services to increase their customer base.
By Product | Offline |
---|---|
CAGR | 14.3% |
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With several competitors in the anti-hangover supplement production sphere, the overall market is highly fragmented. To meet consumer demand and expand their customer base, these companies are implementing mergers and acquisitions, partnerships and collaborations, and new product launches. Key players are also focused on promoting better health outcomes and introducing accessibility to anti-hangover supplement within low-income economies.
Instances of key developmental strategies by the industry players in the market are given below:
Attribute | Details |
---|---|
Forecast Period | 2017 to 2022 |
Historical Data Available for | 2023 to 2033 |
Market Analysis | USD billion for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC, North Africa and South Africa |
Key Market Segments Covered | Product, Distribution Channel, and Region |
Key Companies Profiled | Abbott; Bayer AG; More Labs; Flyby Ventures LLC; Cheers Health Inc.; Himalaya Wellness; Rally Labs LLC; Drinkwel, LLC; Liquid I.V., Inc.; DOTSHOT; Toniiq; NoDaysWasted; Purple TreeLabs; LES Labs; EZ Lifestyle (Over EZ); DrinkAde; Kaplan Laboratory LLC (H-PROOF); Bytox; Cheal Hangover Patch; Party Patch; Rebound Hangover Fix; TRIO Patch; SmartPatches; DTOX Hangover Patch; La Mend, Inc. (The Good Patch); RallyPatch; Ozmo Patch; Wet Buffalo Patch; LiveToShine |
Pricing | Available upon Request |
The global market is worth USD 1.7 billion in 2022 and is set to expand 3.5X over the next ten years.
The market is expected to reach USD 6.8 billion by 2033, with sales revenue of 14.5% CAGR.
An increase in alcohol consumption, an increase in sedentary lifestyle, and product development.
South Korea, China, the United States, Germany, and Japan are prominent countries in the industry.
The United States accounted for about 89.4% of the North American market in the year 2022.
Demand for anti-hangover supplement in Europe is expected to grow 12.6% in 2022.
Demand for anti-hangover supplement in East Asia is expected to register a growth of 17.0% in 2022.
Demand for anti-hangover supplement in South Asia is expected to register a growth of 15.6% in 2022
China, the United States, and South Korea are the key producers of anti-hangover supplement.
Abbott, Bayer AG, More Labs, Flyby Ventures LLC, and Himalaya Wellness are some key players in the industry.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Market Background 6. Global Market Demand (Units) Analysis 2017 to 2022 and Forecast, 2022 to 2033 7. Global Market - Pricing Analysis 8. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2022 and Forecast, 2022 to 2033 9. Global Market Analysis 2017 to 2022 and Forecast 2022 to 2033, by Product 9.1. Solutions 9.2. Tablets/Capsules 9.3. Powder 9.4. Patches 10. Global Market Analysis 2017 to 2022 and Forecast 2022 to 2033, by Distribution Channel 10.1. Offline 10.2. Online Stores 11. Global Market Analysis 2017 to 2022 and Forecast 2022 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia 11.6. Oceania 11.7. Middle East and Africa (MEA) 12. North America Market Analysis 2017 to 2022 and Forecast 2022 to 2033 13. Latin America Analysis 2017 to 2022 and Forecast 2022 to 2033 14. Europe Market Analysis 2017 to 2022 and Forecast 2022 to 2033 15. East Asia Market Analysis 2017 to 2022 and Forecast 2022 to 2033 16. South Asia Market Analysis 2017 to 2022 and Forecast 2022 to 2033 17. Oceania Market Analysis 2017 to 2022 and Forecast 2022 to 2033 18. Middle East and Africa (MEA) Market Analysis 2017 to 2022 and Forecast 2022 to 2033 19. Market Structure Analysis 20. Competition Analysis 20.1. Abbott 20.2. Bayer AG 20.3. More Labs 20.4. Flyby Ventures LLC 20.5. Cheers Health Inc. 20.6. Himalaya Wellness 20.7. Rally Labs LLC 20.8. Drinkwel, LLC 20.9. Liquid I.V., Inc. 20.10. DOTSHOT 20.11. Toniiq 20.12. NoDaysWasted 20.13. Purple TreeLabs 20.14. LES Labs 20.15. EZ Lifestyle (Over EZ) 20.16. DrinkAde 20.17. Kaplan Laboratory LLC (H-PROOF) 20.18. Bytox 20.19. Cheal Hangover Patch 20.20. Party Patch 20.21. Rebound Hangover Fix 20.22. TRIO Patch 20.23. SmartPatches 20.24. DTOX Hangover Patch 20.25. La Mend, Inc. (The Good Patch) 20.26. RallyPatch 20.27. Ozmo Patch 20.28. Wet Buffalo Patch 20.29. LiveToShine 21. Assumptions and Acronyms Used 22. Research Methodology
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