According to a new market research report published by sheer analytics and insights, “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″, as per the latest market research report titled, Global Functional Shots Market – Industry analysis, size, share, growth, trends, and forecast, 2021 – 2031.
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Over the years the consumers have emphasized 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, horseradish, moringa habanero peppers, reishi mushrooms. Hence the demand for convenient, effortless, and affordable wellness will help to accelerate the growth of this market during the forecasted period. also, the current COVID-19 pandemic has acted as a game-changer for the industry as many consumers are looking to seek immunity-boosting products which in turn has led to the rapid growth of the market.
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The Global Functional Shots Market Has Been Segmented Into:
By Product
- Energy
- Immunity
- Detox
- Others
By Distribution Channel
- Hypermarkets & Supermarkets
- Convenience Stores
- Online
- Others
By Region
- North America
- USA
- Canada
- Mexico
- Rest of North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- Brazil
- South Africa
- UAE
- Rest of LAMEA
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