South Korea Hangover Cure Products Market Size & Outlook
Related Markets
South Korea hangover cure products market highlights
- The South Korea hangover cure products market generated a revenue of USD 336.3 million in 2022 and is expected to reach USD 991.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14.5% from 2023 to 2030.
- In terms of segment, solution was the largest revenue generating product in 2022.
- Tablet/Capsule is the most lucrative product segment registering the fastest growth during the forecast period.
Hangover cure products market data book summary
| Market revenue in 2022 | USD 336.3 million |
| Market revenue in 2030 | USD 991.5 million |
| Growth rate | 14.5% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Tablet/Capsule |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Tablet/Capsule, Powder, Patches |
| Key market players worldwide | Abbott Laboratories, Bayer AG, Unilever PLC, More Labs, The Himalaya Drug Company, Rally Labs, Drinkwel, Cheers, Dotshot, AfterDrink, Purple Tree Labs, No Days Wasted, LES Labs, EZ Lifestyle, DrinkAde, Bytox Hangover Patch, Party Patch |
Other key industry trends
- In terms of revenue, South Korea accounted for 16.4% of the global hangover cure products market in 2022.
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan hangover cure products market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 43.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hangover Cure Products Market Scope
Hangover Cure Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Party Patch | View profile | 11-50 | Las Vegas, Nevada, United States, North America | https://partypatch.com |
| Bytox Hangover Patch | View profile | - | Brooklyn, New York, United States, North America | https://www.bytox.com/ |
| DrinkAde | View profile | 1-10 | Las Vegas, Nevada, United States, North America | https://drinkade.com |
| EZ Lifestyle | View profile | 1-10 | Ontario, California, United States, North America | https://ez-lifestyle.com/ |
| LES Labs | View profile | 1-10 | Los Angeles, California, United States, North America | http://www.leslabs.com |
| No Days Wasted | View profile | 1-10 | Vancouver, British Columbia, Canada, North America | https://nodayswasted.co/ |
| Purple Tree Labs | View profile | 1-10 | San Diego, California, United States, North America | http://GotPurpleTree.com |
| AfterDrink | View profile | 1-10 | Kensington, Kensington and Chelsea, United Kingdom, Europe | https://www.afterdrink.com |
| Dotshot | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | https://dotshot.in/ |
| Cheers | View profile | 11-50 | Houston, Texas, United States, North America | https://cheershealth.com/ |
| Drinkwel | View profile | - | Los Angeles, California, United States, North America | http://drinkwel.co.uk/ |
| Rally Labs | View profile | 11-50 | Portland, Oregon, United States, North America | http://www.rallylabs.io/ |
| More Labs | View profile | 11-50 | Los Angeles, California, United States, North America | https://www.morelabs.com/ |
| The Himalaya Drug Company | View profile | 5001-10000 | Bangalore, Karnataka, India, Asia | http://www.himalayawellness.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Unilever PLC | View profile | 128377 | 100 Victoria Embankment, London, United Kingdom, EC4Y 0DY | https://www.unilever.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
South Korea hangover cure products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hangover cure products market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 53.14% in 2022. Horizon Databook has segmented the South Korea hangover cure products market based on solution, tablet/capsule, powder, patches covering the revenue growth of each sub-segment from 2016 to 2030.
The demand for hangover cure products has been increasing in South Korea as consumers are engaged in alcohol consumption on a day-to-day basis. With this, the country has developed more diversified hangover curing methods.
According to South China Morning Post, drinking is a casual activity in South Korea and is common in both formal and informal occasions. People like to socialize over an alcoholic drink with business groups to establish bond and understanding.
The country exhibits a preference for soju shots, a fermented rice spirit containing 20% alcohol. Thus, the integration of alcohol in social structure, traditions, and lifestyle is expected to create a strong opportunity for hangover cure products in South Korea.
Reasons to subscribe to South Korea hangover cure products market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea hangover cure products market databook
-
Our clientele includes a mix of hangover cure products market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea hangover cure products market , including forecasts for subscribers. This country databook contains high-level insights into South Korea hangover cure products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea hangover cure products market size, by product, 2016-2030 (US$M)
South Korea Hangover Cure Products Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
