IMARC Group, a leading market research company, has recently released a report titled “Functional Shots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global functional shots market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Functional Shots Market?
The global functional shots market size reached US$ 517.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,031.5 Million by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.
What are Functional Shots?
Functional shots are specialized beverage products that are designed to provide targeted health benefits and support specific functions of the body. They are typically consumed in small, concentrated doses and are formulated with a combination of vitamins, minerals, herbs, amino acids, and other bioactive ingredients. Functional shots are often consumed by individuals seeking to boost energy, enhance cognitive function, improve athletic performance, support immune health, or address specific health concerns. They offer a convenient alternative to traditional supplements or beverages, providing a concentrated dose of nutrients and bioactive compounds in a single serving.
Request PDF Sample Report: https://www.imarcgroup.com/functional-shots-market/requestsample
What are the Growth Prospects and Trends in the Functional Shots Industry?
The growing emphasis on preventive healthcare and proactive wellness practices is one of the key factors creating a positive outlook for the market. Individuals widely consume functional shots as they provide a convenient way to incorporate targeted nutrients and bioactive compounds into daily routines, supporting overall well-being. In line with this, the widespread product adoption among fitness enthusiasts and athletes is propelling the market growth. These shots are commonly consumed pre- or post-workout to enhance performance, improve recovery, and replenish vital nutrients.
Apart from this, the development of functional shots formulated with clean, plant-based ingredients, free from artificial additives and preservatives, due to the rising demand for natural and organic products, is providing a considerable boost to the market growth. Other factors, including the introduction of customizable options, rapid advancements in the formulation and flavoring technologies, rising expenditure capacities of consumers, growing collaborations between beverage companies and wellness influencers, and widespread product availability across e-commerce platforms, are supporting the market growth.
Who are the Key Players Operating in the Functional Shots Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- AriZona Beverages USA
- EBOOST
- Hardcell LLC
- Hawaiian OLA
- Kuli Kuli Inc.
- Living Essentials LLC
- LXR Biotech LLC
- PepsiCo Inc.
- Royal Pacific Foods.
What is Included in Market Segmentation?
The report has categorized the market based on product and distribution channel.
Breakup by Product:
- Energy
- Immunity
- Detox
- Others
Based on Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
- Others
Regional Analysis:
- 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, South Africa, Others)
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3229&flag=C
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com/
Follow us on twitter: @ImarcServices
LinkedIn: https://www.linkedin.com/company/imarc-group