PUBLISHER: Grand View Research | PRODUCT CODE: 1375854
PUBLISHER: Grand View Research | PRODUCT CODE: 1375854
The U.S. hangover cure products market size is expected to reach USD 1.14 billion by 2030, registering a CAGR of 14.3% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The growth of the hangover cure products market in the U.S. is expected to be fueled by the increasing adoption and awareness of hangover cure solutions. The rising demand for hangover cure products is attributed to the growing awareness of their benefits and the desire to alleviate the negative effects of alcohol consumption.
The increasing alcohol consumption in the U.S. drives the demand for hangover cure products. As alcohol consumption rises, the likelihood of experiencing hangover symptoms increases, creating a greater need for effective remedies. The growing social and cultural acceptance of alcohol consumption and the prevalence of social events and gatherings contribute to higher alcohol intake in the U.S.
As individuals indulge in drinking, the aftermath of a hangover becomes a common concern. This has led to a heightened interest in hangover cure products that promise relief from symptoms such as headaches, nausea, fatigue, and dehydration. People are becoming more proactive about their well-being and actively looking for ways to enjoy socializing without fearing a debilitating hangover the next day. This shift in consumer behavior fosters a strong demand for hangover cure products that provide quick and effective relief
Based on the 2021 National Survey on Drug Use and Health (NSDUH), approximately 60 million individuals, constituting roughly 21.5% of the U.S. population aged 12 and above, acknowledged engaging in binge drinking within the previous month of the survey. The survey indicated that approximately 49.3% of full-time college students within the 18 to 22 age group reported alcohol consumption in the month before the survey. During the same timeframe, around 27.4% of these students participated in binge drinking. These habits and patterns drive the adoption of hangover cure products in the country.
Many consumers prefer herbal-based hangover cure products. Market players are actively addressing this trend by launching products that integrate herbal components, such as milk thistle and various plant extracts. These natural elements play a crucial role in facilitating the elimination of toxins from the body, safeguarding the health of the liver, and aiding in the breakdown of acetaldehyde, a substance produced when alcohol is metabolized.
By capitalizing on the potential benefits of these herbal ingredients, manufacturers aim to provide hangover cure products that not only alleviate symptoms but also promote overall well-being and detoxification. With the growing popularity of herbal supplements, companies are focusing on adding other herbal extracts, including aloe vera, green tea extract, and gotu kola, to their products for improved blood circulation and are advertising these products as sugar- and gluten-free. Thus, the demand for hangover cure products is expected to increase in the coming years, owing to the growing awareness about the benefits of alcohol detox products.