Functional shots are made up of onion, ginger, black pepper, garlic, habanero pepper, horseradish, spirulina, moringa, reishi mushrooms, and seaweed. The advancement in microbiology, food engineering, nutrition, and biochemistry has enabled the manufactures to form innovative beverages such as functional shots. Functional shots have various health benefits, such as providing immunity support and energy. Functional shots are slowly becoming part of an essential diet for health-conscious consumers.
MARKET DYNAMICS
The COVID-19 pandemic has transformed the functional shots industry. Due to this pandemic, consumers are increasingly demanding products that boost immunity. Thus, this has become one of the main factors for the growth of the functional shots market. These functional shots are very convenient and provide easy storage. These functional shots can be directly stored in cold places, and there are some functional shots that can be stored at room temperature also. The convenient pricing of functional shots is also driving the market.
MARKET SCOPE
The "Global Functional Shots Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the functional shots market with detailed market segmentation by product and distribution channel and geography. The global functional shots market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading functional shots market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Functional Shots Market is segmented on the basis of product and distribution channel. On the basis of product, the market is segmented into energy, immunity, detox and others. On the basis of distribution channel, the market is divided into hypermarket and supermarket, convenience stores, online and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global functional shots market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The functional shots market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the functional shots market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the functional shots market in these regions.
MARKET PLAYERS
The reports cover key developments in the functional shots market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from functional shots market are anticipated to lucrative growth opportunities in the future with the rising demand for functional shots in the global market. Below mentioned is the list of few companies engaged in the functional shots market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the functional shots market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- EBOOST
- Kuli Kuli, Inc.
- The Ginger People
- Living Essentials Marketing, LLC
- AriZona Beverages USA
- Hawaiian OLA
- Hardcell LLC
- LXR Biotech, LLC
- PepsiCo, Inc.
- Future Nutrition
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.