The Rising Prevalence of Alcohol Use Disorder Accelerating the Anti-hangover Supplements Market Growth Globally | Future Market Insights, Inc.
The Anti-hangover Supplements Market is expected to reach US$ 6.8 billion by 2033, with sales revenue of 14.5% CAGR Abbott, Bayer AG, More Labs, Flyby Ventures LLC, and Himalaya Wellness are some key players in the industry.
NEWARK, Del, Nov. 15, 2023 (GLOBE NEWSWIRE) — As per Future Market Insights’ industry analysis, the valuation for the global anti-hangover supplements market was around US$ 1.9 billion in 2023 and is projected to exhibit a CAGR of 14.5% over the forecast period, with an estimated valuation of US$ 6.8 billion by 2033.
The increased consumption of alcoholic beverages globally is one of the primary aspects boosting demand for anti-hangover supplements. In countries such as the United States, China, and Germany, alcohol consumption is becoming a serious medical condition. The growth can be linked to the increasing popularity of wine and beer among young consumers because of changes in lifestyle and the introduction of innovative ingredients.
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Rising obesity and other lifestyle-related disorders are growing awareness of anti-hangover supplements and solutions. People have employed herbal cures for hangovers for ages. Antioxidants, including vitamins, isoflavonoids, and polyphenolic compounds, which can scavenge free radicals are abundant in medicinal plants, fruits, and vegetables. Previous research on rodents suggested that oxidative stress is a significant factor in the development of hangover symptoms and showed that several antioxidants can reduce the harmful effects of alcohol consumption.
In both animal and human trials, several natural plants and products have favorable effects on alcohol metabolism. They could improve the liver’s production of ADH and ALDH and lower the blood’s alcohol content.
Key Takeaways from the Market Study:
- Solutions are the leading segment based on product and held around 50.2% of the global market value share in 2022 due to the growing customer preference for herbal and plant-based products.
- The offline segment is set to lead in distribution channels, with a projected market value share of around 85.1% by 2022.
- Hangover cure goods are mainly distributed through offline distribution channels such as pharmacies, health and wellness centers, supermarkets, hypermarkets, and department stores.
- East Asia is considered the most lucrative region, with a value share of 24.3% in 2022, increasing public knowledge of the advantages of alcohol detox products.
- Europe is considered the most lucrative region, with a value share of 21.4% in the year 2022, owing to the increasing prevalence of alcoholism.
“Increasing prevalence of alcohol consumption and its associated side effects is set to propel the sales of anti-hangover supplements market across the globe. Therefore, key companies are concentrating on acquisitions and developing novel products with improved efficacy for better health outcomes.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Report Scope as per Anti-hangover Supplement Industry Analysis:
| Attribute | Details |
| Forecast Period | 2017 to 2022 |
| Historical Data Available for | 2023 to 2033 |
| Market Analysis | US$ 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 |
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| Pricing | Available upon Request |
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Market Competition:
The anti-hangover supplements market is fragmented, and a variety of regional, up-and-coming, and established businesses are operating within it. A unique anti-hangover supplement with improved efficacy has been formulated, and key stakeholders have started promotional activities to introduce it.
- In September 2022, H-PROOF received a patent for its revolutionary nutraceutical, The Anytime You Drink Vitamin. The edible tablets aid in promoting liver health, alcohol metabolism, and replenishing essential nutrients, allowing the beginning of the day to feel better than usual after ingesting alcohol.
- In September 2020, Unilever agreed to buy Liquid I.V., a health-science nutrition and Wellness Company based in the United States, with a product line that includes Hydration, Energy, and Sleep; Liquid I.V. offers a 360-degree approach to wellness. In addition, Liquid I.V. is non-GMO, vegan, gluten-free, soy-free, and dairy-free.
Key Market Segments Covered in the Anti-hangover Supplement Industry:
By Product:
- Solutions
- Tablets/Capsules
- Powder
- Patches
By Distribution Channel:
- Offline
- Online Stores
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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