The Europe Functional Shots Market would witness market growth of 15.6% CAGR during the forecast period (2021-2027). Functional shots are considered as non-alcoholic beverages filled with various nutrients to offer many health advantages.
There are many flavors of functional shots which are available in the market and are modified to offer a desirable quantity of carbohydrates, probiotics, electrolytes, minerals, dietary fibers, and vitamins. Sports and energy drinks, enhanced water, yogurt, fruit juices, and ready-to-drink (RTD) teas are some of the easily available functional shots. Consistent consumption of functional shots can help in avoiding various problems like bowel diseases, indigestion, and diarrhea and also boost the immune system.
In the last couple of years, consumers have given special place and the importance towards the taste, ingredients, and functionality of modern-day beverages. This trend has catalyzed the production and development of concentrated nutritional concoctions. The demand for functional shots is expected to boost with the rising demand for convenient, effortless, and economical wellness.
The growth of functional shots is fuelled by the growing demand for wellness products with an aim to enhance digestion, immunity, brainpower, energy, and youth. Moreover, the handy packaging of these products provides the convenience of usage, hence supporting the adoption rate of functional shots.
The Germany market dominated the Europe Online Market by Country in 2020, thereby, achieving a market value of $17.2 Million by 2027. The UK market is exhibiting a CAGR of 15.7% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 18.3% during (2021 - 2027).
Based on Product, the market is segmented into Energy, Immunity, Detox, and Other Products. Based on Distribution Channel, the market is segmented into Convenience Stores, Hypermarkets & Supermarkets, Online and Other Distribution Channels. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Functional Shots Market Size will Hit $1.4 Billion by 2027, at a CAGR of 16%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., AriZona Beverages Company LLC, Kuli Kuli, Inc., Living Essentials Marketing LLC (5-hour ENERGY), EBOOST, Dragononi, Inc. (Hawaiian OLA), Royal Pacific International, LXR Biotech, LLC, Hardcell LLC, and Kudu Energy LLC.
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