Market Overview:
The global functional shots market grew at a CAGR of around 10% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Functional shots refer to non-alcoholic beverages fortified with specific nutrients to provide various health benefits. They are usually available in a wide variety of flavors and are customized to provide the desired quantity of carbohydrates, electrolytes, minerals, vitamins, dietary fibers and probiotics. Some of the commonly available functional shots include sports and energy drinks, yogurt, enhanced water, fruit juices and ready-to-drink (RTD) teas. They are manufactured using ingredients, such as onion, ginger, black pepper, beetroot, garlic, mushrooms and seaweed. Regular consumption of functional shots can aid in preventing bowel diseases, diarrhea and indigestion and improve the immune system.
The global market is primarily driven by the increasing health consciousness among the masses. Furthermore, the rising preference for ready-to-drink (RTD) beverages is also stimulating the market growth. With the shifting consumer preference from carbonated beverages towards concentrated nutritional concoctions, there is a significant increase in the demand for functional shots fortified with various natural ingredients. Moreover, as the coronavirus disease (COVID-19) continues to spread across the globe, consumers are increasing the intake of functional shots to improve their immunity, metabolism, energy levels and overall health. Additionally, various product innovations, such as the launch of vegan and plant-based functional shots in exotic flavors and attractive packaging, are acting as other growth-inducing factors. In line with this, aggressive promotional activities by the product manufacturers through proliferating social media and e-commerce platforms, is also contributing to the growth of the market. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities in the field of food engineering, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global functional shots market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product and distribution channel.
Breakup by Product:
- Energy
- Immunity
- Detox
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AriZona Beverages USA, EBOOST, Hardcell LLC, Hawaiian OLA, Kuli Kuli Inc., Living Essentials LLC, LXR Biotech LLC, PepsiCo Inc. and Royal Pacific Foods.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Product, Distribution Channel, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
AriZona Beverages USA, EBOOST, Hardcell LLC, Hawaiian OLA, Kuli Kuli Inc., Living Essentials LLC, LXR Biotech LLC, PepsiCo Inc. and Royal Pacific Foods |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global functional shots market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global functional shots market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global functional shots market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Functional Shots Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Energy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Immunity
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Detox
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Hypermarkets and Supermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Convenience Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 AriZona Beverages USA
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 EBOOST
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Hardcell LLC
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Hawaiian OLA
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Kuli Kuli Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Living Essentials LLC
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 LXR Biotech LLC
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 PepsiCo Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Royal Pacific Foods
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
List of Figures
Figure 1: Global: Functional Shots Market: Major Drivers and Challenges
Figure 2: Global: Functional Shots Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Functional Shots Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Functional Shots Market: Breakup by Product (in %), 2020
Figure 5: Global: Functional Shots Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Global: Functional Shots Market: Breakup by Region (in %), 2020
Figure 7: Global: Functional Shots (Energy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Functional Shots (Energy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Functional Shots (Immunity) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Functional Shots (Immunity) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Functional Shots (Detox) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Functional Shots (Detox) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Functional Shots (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Functional Shots (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Functional Shots (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Functional Shots (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Functional Shots (Convenience Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Functional Shots (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Functional Shots (Online Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Functional Shots (Online Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Functional Shots (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Functional Shots (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: North America: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: North America: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: United States: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: United States: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Canada: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Canada: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Asia Pacific: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Asia Pacific: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: China: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: China: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Japan: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Japan: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: India: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: India: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: South Korea: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: South Korea: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Australia: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Australia: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Indonesia: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Indonesia: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Others: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Others: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Europe: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Europe: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Germany: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Germany: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: France: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: France: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: United Kingdom: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: United Kingdom: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Italy: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Italy: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Spain: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Spain: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Russia: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Russia: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Latin America: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Latin America: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Brazil: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Brazil: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Mexico: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Mexico: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Middle East and Africa: Functional Shots Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Middle East and Africa: Functional Shots Market: Breakup by Country (in %), 2020
Figure 71: Middle East and Africa: Functional Shots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Global: Functional Shots Industry: SWOT Analysis
Figure 73: Global: Functional Shots Industry: Value Chain Analysis
Figure 74: Global: Functional Shots Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Functional Shots Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Functional Shots Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Functional Shots Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: Global: Functional Shots Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Functional Shots Market: Competitive Structure
Table 6: Global: Functional Shots Market: Key Players