According to a research report titled ‘Global Hangover Cure Products Market Size study, by Product (Solutions, Tablets/Capsules, Powder and Patches), by Distribution Channel (Offline and Online), and Regional Forecasts 2021-2027’ available with MarketStudyReport, global hangover cure products market valued at USD 1.56 billion in 2020 is likely to record a CAGR of 14.6% over the next six years to amass USD 4.05 billion by the year 2027.
 

Widespread awareness about anti-hangover products is anticipated to propel the growth of global hangover cure products market. Also, increasing preference for lowering alcohol consumption due to surging obesity rate as well as other lifestyle related diseases is boosting the product demand.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4219690/
 

As per Statista, the U.S. has seen surge in obesity cases from 39.8% in 2015-16 to 42% in 2017-18. Another statistic from the same source revealed that in India, the consumption of alcohol has increased from 5.94 billion liters in 2018 to 6.53 billion liters in 2020.
 

Rising investments and R&D initiatives taken by the market competitors to enhance product specifications will create favorable growth scenario as well. For instance, Cheers Health Inc. has reportedly secured funds worth USD 2.1 million in 2019 for brand building and products upgradation.
 

Adding further, rising preference for herbal products is predicted to propel the global hangover cure products market growth in upcoming years. However, rising side effect cases due to excessive usage may hinder the market outlook during the forecast years.
 

On the basis product type, the marketplace is segmented into solutions, capsules/tablets, powder, and patches. Whereas, as per distribution channel, the market is bifurcated into online, and offline.
 

Talking about regional outlook, Asia Pacific market garnered significant revenues in the past year and is expected grow at a fast pace during the forecast period, owing to rising awareness of alcohol detox products as well as surging trend of alcohol consumption among the regional populace.
 

Coming to competitive landscape, major global hangover cure products market players are Rebound Hangover Patch, Abbott Laboratories, La Mend Inc., TRIO Patch, Dtox Hangover Patches, SmartPatches, RallyPatch LLC, Wet Buffalo Patch, Ozmo Patch, and LiveToShine.