According to a new report Global Functional Shots Market, published by KBV research, The Global Functional Shots Market size is expected to reach $1.4 billion by 2027, rising at a market growth of 16% CAGR during the forecast period.
The immunity shots segment would showcase the highest growth rate during the forecast period. Around the world, consumers have become aware of the importance of high immunity levels due to the outbreak of the COVID-19 pandemic. Makers are utilizing this opportunity by developing products that can meet these growing demands.
The online segment would exhibit the highest growth rate during the forecast period. There are many companies that are actively introducing their products online. In September 2020, BOS Brands introduced a new range of functional rooibod-based health shots that are easily available on the BOS online store and Amazon. The rooibus-based health shot is accessible in four types, including “Bounce Back”, “Chill Out”, “Let it Glow”, and “Gut a Problem?”
Based on region, North America emerged as the leading region in terms of revenue in 2020. The region has been witnessing various strategic activities from the makers of functional shots in order to utilize the growth of the market.
Full Report: https://www.kbvresearch.com/functional-shots-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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