Hangover Rehydration Supplements Market Rising Global Alcoholic Beverage Consumptionc

According to Precision Business Insights (PBI), the latest report the global hangover rehydration supplements market is expected to be worth USD 1,316.9 million in 2022 and projected to grow at an 14.5% CAGR from 2022 to 2028. Increase in the consumption of alcoholic beverages among the teenage, young, and adult population across the developed and developing countries is anticipated to boost the growth of market over the forecast years. Moreover, rise in R&D for the development of newer supplements by the market players coupled with rise in awareness about hangover rehydration supplements in emerging economies, and rise in disposable income are burgeon the growth of market over the forecast years.

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The Tablets/capsule Segment is Dominating the Hangover Rehydration Supplements Market:
Based on the Product type, the Hangover rehydration market is segmented into tablets/capsules, Powder, and solutions. The Tablets/capsule segment is anticipated to grow at a significant CAGR over the forecast years, Owing to high product visibility. Alka Seltzer and Berocca are two popular medications that Bayer AG sells to prevent hangovers. Increased use of tablets and capsules in the United States is anticipated to boost market expansion. For instance, Bayer AG introduced Berocca in the United States, where it is offered through drugstores and online retailers like Amazon and Walmart.

North America Leads Hangover Rehydration Supplements Market:
North America is expected to hold a significant market share in the global Hangover Rehydration Supplements market. It is projected to grow at a prominent growth rate over the forecast years. One of the key drivers fueling the market's expansion is rising alcohol use, particularly in the period of the epidemic. For instance, a research study titled "The concerning increasing trend of alcohol beverage sales in the US during the COVID-19 pandemic" published by Columbia University Mailman School of Public Health in November 2021 stated that during the COVID-19 pandemic months of March 2020 to September 2020, US alcohol retail store sales increased compared to usual trends while food services and drinking places sales decreased noticeably during the same period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
Global Hangover Rehydration Supplements Market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance In March 2022, Sen-Jam Pharmaceutical developed a medication to prevent alcohol hangovers.

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The hangover rehydration supplements market is segmented based on type, basis on energy source, end use and geography.
By Product Type
o Tablets/Capsules
o Powder
o Solutions

By Distribution
o Pharmacy
o E-commerce

By Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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Key player's profiles in the hangover rehydration supplements market report are Cheers Health, Inc., DOTSHOT, Drinkwel, LLC, EZ Lifestyle, Flyby, Himalaya Wellness, Kaplan Laboratory, LLC., LES Labs, More Labs, No Days Wasted, Rally Labs LLC

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