The global hangover rehydration supplements market size is anticipated to reach USD 3.0 billion by 2025, expanding at a CAGR of 15.0% over the forecast period. One of the main drivers driving the demand for the hangover rehydration supplements market is rising alcoholic beverage intake around the world. Various economies, including the U.S., China, India, Spain, Italy, South Africa, and Canada, are slowly growing their alcohol intake. The rise in demand is attributed to the increasing popularity of wine and beer among young consumers as a result of increased supply and the introduction of new varieties.
Furthermore, manufacturers are concentrating on introducing herbal extracts such as aloe vera, green tea extract, and gotu kola for blood circulation, and promoting these drugs as sugar and gluten-free, owing to the increasing popularity of herbal supplements. As a result of the understanding of the benefits of alcohol withdrawal products, demand for hangover rehydration supplements is expected to rise in the coming years.
Hangover Rehydration Supplements Market Report Highlights
• Based on the product, the solutions segment accounted for more than 65.0% share of the global revenue in 2018. The tablets/capsules segment held a major market share in 2018. Tablets/capsules are the most popular hangover rehydration supplements in Europe owing to high product visibility.
• From the distribution channel standpoint, the offline segment accounted for the highest market share of more than 85% in 2018. A major factor driving the sales of hangover rehydration supplements across the offline channel was the label exposure at numerous discount stores such as Safeway, CVS Health, Walgreens, Wal-Mart, and Target.
• The Asia Pacific held more than 45.0% share of the global revenue due to increasing product visibility in China and India, coupled with growing awareness related to health benefits of hangover supplements among people
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Hangover Rehydration Supplements Market Segmentation
Grand View Research has segmented the global hangover rehydration supplements market by product, distribution channel, and region:
Hangover Rehydration Supplements Product Outlook (Revenue, USD Million, 2015 - 2025)
• Solutions
• Tablets/Capsules
• Powder
Hangover Rehydration Supplements Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
• Online
• Offline
Hangover Rehydration Supplements Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• Japan
• South Korea
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
List of Key Players of Hangover Rehydration Supplements Market
• Abbott
• Bayer AG
• Ansell Ltd.
• More Labs.
• Himalaya Wellness
• Rally Labs LLC
• Flyby Ventures LLC
• Drinkwel, LLC.
• Cheers Health, Inc.
• The IV Doc Inc.
• DOTSHOT
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