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South Korea Hangover Cure Products Market Size, Share & Trends Analysis Report By Product (Solution/Drinks, Powder), By Product Consumption Pattern (Before Drinking, After Drinking), By Distribution Channel, And Segment Forecasts, 2023 - 2030

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    Report

  • 81 Pages
  • April 2023
  • Region: South Korea
  • Grand View Research
  • ID: 5786692
The South Korea hangover cure products market size is expected to reach USD 1026.94 million by 2030, registering a CAGR of 17.2% from 2023 to 2030. Alcohol detox products include tonics for hangover prevention, which provide liver support, restore essential nutrients, help rehydrate, and boost energy.

Consumers in South Korea are seeking hangover pills that claim to support recovery and the body’s ability to deal with alcohol. Increasing penetration of hangover cure products, along with growing awareness about anti-hangover products in South Korea, is likely to drive market growth over the forecast timeframe.

With growing consumer preference for herbal-based products, companies operating in the market are increasingly launching products containing herbal ingredients such as milk thistle and other plant extracts that help in protecting the liver, metabolize acetaldehyde, as well as help remove toxins from the body.

In addition, increasing availability and the launch of a variety of these drinks are boosting the popularity of hangover cure products. Emerging players in the market are focusing on adding herbal extracts, including aloe vera, green tea extract, and Gotu kola, to their products for offering benefits to consumers, including improved blood circulation, and are advertising these products as sugar and gluten-free.

Distributors and retailers play a significant role in the South Korea hangover cure products industry. Product manufacturers depend on distributors and retailers to deliver their products to consumers. Third-party distributors and sales representatives distribute products to consumers domestically and globally.

Players such as Donga, Morning Care, and CJ Heotgaeso sell their products through authorized wholesalers or distributors worldwide owing to their strong presence in the South Korean market. However, most new entrants are targeting tech-savvy consumers and selling their products through online channels, including Amazon.com and eBay, among others.

South Korea Hangover Cure Products Market Report Highlights

  • Solution/ drinks is the leading segment in the hangover cure products market. Consumers are becoming increasingly aware of the benefits associated with the consumption of hangover cure products such as improved metabolism, reduce nausea caused due to excessive alcohol consumption, and hydrate the body, which is expected to support growth of the market
  • Launch of new and innovative hangover cure products, including ice creams, bars, gummies, jellies, chews, and sticks, are gaining popularity among South Koreans, which is expected to increase product visibility among consumers in South Korea in the coming years
  • The after drinking segment is expected to register a faster growth of 18.1% from 2022-2030. Increasing adoption of hangover cure products among a number of millennials and working adults post drinking excessive alcohol is expected to boost the growth of the segment in the forecast period. Consumers have started opting for hangover cure products that are aimed at hydrating the body and easing stomach upsets after excessive alcohol consumption

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
Chapter 3. U. Market Variables & Trends
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Suppliers Outlook
3.2.3. Manufacturing and Technology Trends
3.2.4. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Challenges
3.3.4. Market Opportunities
3.4. Industry Analysis - Porter’s Five Force Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Service Provider Adoption
4.5. Key Observations & Findings
Chapter 5. Hangover Cure Products Market: Product Analysis & Estimates
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Solution/ Drinks
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Powder
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Tablets/ Capsules
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Patches
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Others (Chew Sticks, Gummies, Bars)
5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Hangover Cure Products Market: Product Consumption Pattern Analysis & Estimates
6.1. Product Consumption Pattern Movement Analysis & Market Share, 2022 & 2030
6.1.1. Before Drinking
6.1.2. Market estimates and forecast, 2017 - 2030 (USD Million)
6.1.3. After Drinking
6.1.4. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Hangover Cure Products Market: Distribution Channel Analysis & Estimates
7.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
7.2. Offline
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3. Online
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Hangover Cure Products Market: Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Service Provider Benchmarking
8.6. Company Market Share Analysis, 2022 (Value % Share)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.8.1. Partnerships
8.8.2. Service Provider Launches
8.9. List of key companies analyzed in this section includes:
8.9.1. HK inno.N Corp.
8.9.2. GLAMI.COM
8.9.3. Dong-A Socio Holdings
8.9.4. Samyang Holdings Corporation
8.9.5. Bayer AG
8.9.6. HANDOK
8.9.7. Abbott
8.9.8. Flyby
8.9.9. Revival
8.9.10. Vit2go Online Shop
8.9.11. Zolv
List of Tables
1. South Korea hangover cure products market - Driving factor market analysis
2. South Korea hangover cure market - Restraint factor market analysis
3. South Korea hangover cure solutions/drinks market estimates and forecast, 2017 - 2030 (USD Million)
4. South Korea hangover cure powder market estimates and forecast, 2017 - 2030 (USD Million)
5. South Korea hangover cure tablets/capsules market estimates and forecast, 2017 - 2030 (USD Million)
6. South Korea hangover cure patches market estimates and forecast, 2017 - 2030 (USD Million)
7. South Korea other hangover cure products market estimates and forecast, 2017 - 2030 (USD Million)
8. South Korea hangover cure products consumption before drinking market estimates and forecast, 2017 - 2030 (USD Million)
9. South Korea hangover cure products consumption after drinking market estimates and forecast, 2017 - 2030 (USD Million)
10. South Korea hangover cure products market estimates and forecast, through offline, 2017 - 2030 (USD Million)
11. South Korea hangover cure products market estimates and forecast, through online, 2017 - 2030 (USD Million)
12. Company categorization
List of Figures
1. South Korea hangover cure products market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. South Korea hangover cure products market - Penetration & growth prospect mapping
7. South Korea hangover cure products market - Value chain analysis
8. Profit margin analysis
9. Profit margin analysis
10. Profit margin analysis
11. Consumption of alcohol among consumers of South Korea from 2019 - 2022, (Liters)
12. Alcoholic beverages shipped to the South Korea, (Volume % in Kiloliters), 2019
13. South Korea hangover cure products market: Porter’s five forces analysis
14. Roadmap of the South Korea hangover cure products market
15. Product Display Locations/Channels, South Korea
16. Product Display Locations/Channels, South Korea
17. Product Display Locations/Channels, South Korea
18. Product Display Locations/Channels, South Korea
19. Prevalence of heavy episodic drinking among males, by age group - South Korea
20. Prevalence of heavy episodic drinking among females, by age group - South Korea
21. South Korea hangover cure products consumption, by age group, 2021
22. Consumption of hangover cure products, by gender
23. South Korea hangover cure products consumption, by income group, 2021
24. Factors affecting buying decisions for hangover cure products
25. South Korea hangover cure products market: Product share (%) analysis, 2022 & 2030
26. South Korea hangover cure products market: Product consumption pattern share (%) analysis, 2022 & 2030
27. South Korea hangover cure products market: Distribution channel share (%) analysis, 2022 & 2030
28. South Korea hangover cure products market: Regional share (%) analysis, 2022 & 2030
29. South Korea hangover cure products company market share analysis, 2022

Companies Mentioned

  • HK inno.N Corp.
  • GLAMI.COM
  • Dong-A Socio Holdings
  • Samyang Holdings Corporation
  • Bayer AG
  • HANDOK
  • Abbott
  • Flyby
  • Revival
  • Vit2go Online Shop
  • Zolv

Methodology

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Table Information