Functional Shots Market Size, Share and Analysis 2021-2026 According to IMARC Group’s latest report, titled “Functional Shots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market grew at a CAGR of around 10% during 2015-2020. Functional shots are non-alcoholic beverages that are fortified with several nutrients, such as electrolytes, minerals, carbohydrates, probiotics, dietary fibers, and vitamins. The shots are generally manufactured using onion, black pepper, ginger, garlic, beetroot, seaweed, and mushrooms. They can be customized and are available in a wide variety of flavors and types, including yogurt, energy drinks, enhanced water, ready-to-drink teas, and fruit juices. The regular consumption of functional shots can help strengthen the immune system and prevent bowel diseases, indigestion, and diarrhea.
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The functional shots market is primarily driven by the shifting consumer preference toward concentrated nutritional beverages. This can be attributed to the rising consumer health consciousness and their increasing expenditure power. The COVID-19 outbreak has significantly increased the demand for functional shots, which is further boosting the market growth. The availability of plant-based and vegan product variants and the increasing research and development (R&D) activities in food engineering are factors creating a positive outlook for the market. Looking forward, IMARC Group expects the functional shots market to exhibit strong growth during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- AriZona Beverages USA
- EBOOST
- Hardcell LLC
- Hawaiian OLA
- Kuli Kuli Inc.
- Living Essentials LLC
- LXR Biotech LLC
- PepsiCo Inc.
- Royal Pacific Foods.
Market Segmentation:
Breakup by Product:
- Energy
- Immunity
- Detox
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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