The Global Functional Shots Market was valued at $404.3 Million in 2020. Growing at a high CAGR of more than 10.7% between 2021 and 2031, it is estimated to reach $1300.4 Million by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Over the years the consumers have emphasized on their ingredients, taste, and the functionality of the modern age beverage. This has led to the growth of the production and the development of the concentrated nutritional concoctions. These shots include garlic, seaweed, ginger, black pepper, spirula and many others. This will help to accelerate the growth of this market during the forecasted period.
Global Functional Shots Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Functional Shots Market has been segmented into product and distribution channel. On the basis of product Global Functional Shots Market has been segmented into Energy, Immunity, Detox, Others. On the basis of distribution channel Global Functional Shots Market has been segmented into Hypermarkets & Supermarkets, Convenience Stores, Online, Others.
By Region, North America Is Holding The Major Market Share
The Global Functional Shots Market has been geographically segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. In addition to this, North America Global Functional Shots Market is holding the largest market share at present and is estimated to witness high compound annual growth rate during the upcoming forecasted period. this region has been experiencing many strategic movements from the manufacturers of the functional shots to boost the growth of the market which has led this region dominate the market. Besides this Asia Pacific is also going to witness remarkable growth during the upcoming forecasted period.
Major Players in Global Functional Shots Market
Some of the major players in Global Functional Shots Market include Living Essentials Marketing, LLC, EBOOST, Kuli Kuli, Inc., Royal Pacific Foods, PepsiCo, Inc., AriZona Beverages USA, Kudu Energy LLC, Hawaiian OLA, LXR Biotech, LLC, Hardcell LLC.
The Global Functional Shots Market Has Been Segmented Into:
Global Functional Shots Market, By Product
Global Functional Shots Market, By Distribution Channel
Global Functional Shots Market, By Region
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