LAMEA Functional Shots Market By Product (Energy, Immunity, Detox, and Other Products), By Distribution Channel (Convenience Stores, Hypermarkets & Supermarkets, Online and Other Distribution Channels), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Functional Shots Market would witness market growth of 17% CAGR during the forecast period (2021-2027). The range of benefits of the functional shot depends on the actual ingredients present in it.
Nutrients and other ingredients such as flowers, fruits, roots, and spices vary depending on the brands and flavors. Ginger, for instance, is beneficial to decrease nausea and is inflammatory; turmeric is beneficial for inflammation and is an immunity-booster; wheatgrass is full of vitamins like A, C, and E and is a rich source of calcium and energy.
Recent studies have shown that the ingredients present in functional shots have positive effects o the body and brain. Functional shots are a better alternative than consuming soda and zero-calorie beverages with minimum nutrients. These benefits of functional shots are likely to fuel its consumption across the world, thereby creating lucrative growth opportunities for the leading players operating in the functional shots market.
The growth of the market is highly supported by product launches. The leading players have been engaged in developing products that strike at the majority of health problems. In October 2019, Bolthouse Farms introduced carrot-based functional shots that are accessible in several forms. These are specifically made to effectively provide a nutritional boost and manage various health issues.
The Energy market dominated the Saudi Arabia Functional Shots Market by Product in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6.9 Million by 2027. The Immunity market is exhibiting a CAGR of 17.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Functional Shots Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
- Other Products
By Distribution Channel
- Convenience Stores
- Hypermarkets & Supermarkets
- Other Distribution Channels
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- PepsiCo, Inc.
- AriZona Beverages Company LLC
- Kuli Kuli, Inc.
- Living Essentials Marketing LLC (5-hour ENERGY)
- Dragononi, Inc. (Hawaiian OLA)
- Royal Pacific International
- LXR Biotech, LLC
- Hardcell LLC
- Kudu Energy LLC
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