July 11, 2022
According to the research report titled ‘Global Hangover Rehydration Supplements Market Size study, by Product (Tablets/Capsules, Powder, and Solutions), by Distribution Channel (Online, Offline) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global hangover rehydration supplements market is anticipated to record 14.2% CAGR over 2022-2028.
Seasoned analysts cite that global hangover rehydration supplements market growth is attributed to rising alcohol consumption among individuals, and increasing knowledge of hangover prevention products.
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For instance, a study conducted by Nanos Research in Canada analyzed data from the Canadian Centre on Substance and Addiction to discover that consumption of alcohol and cannabis increased during pandemic as people has to stay at home.
For the uninitiated, a hangover is a collection of unpleasant physical and mental symptoms brought on by excessive alcohol consumption. Numerous factors, including low blood sugar, electrolyte imbalance and dehydration, and disruption of GIT (gastrointestinal tract) function and biological cycles, contribute to this state when alcohol is consumed. Hangover symptoms include fatigue, headaches, disorientation, wooziness, and thirst. After a night of indulgence, it is especially common in the morning.
Furthermore, high product prevalence, and launch of new products are expected to bolster industry outlook in the coming years. However, unlawful sale of hangover supplements may stifle worldwide hangover rehydration supplements industry expansion during the forecast years.
Based on product terrain, the industry is divided into powder, tablets/capsules, and solutions. In terms of distribution channel, the market is split into online and offline.
Regionally, the latest industry trends are studied across North America (U.S., Canada), Europe (U.K, France, Germany, Spain, Italy), Asia Pacific (China, South Korea, India, Australia, Japan), and Latin America (Brazil, Mexico).
Among these, North America industry holds a major revenue share at present, owing to the easy availability of alcohol rehydration solutions, and growing product awareness among the younger generation in the region.
On the competitive front, Drinkwel LLC, EZ Lifestyle, The IV Doc Inc., DOTSHOT, Rally Labs LLC, Himalaya Wellness Company, No Days Wasted, Kaplan Laboratory LLC, and Cheers Health Inc. are the leading plyers in global hangover rehydration supplements market.