North America 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 North America Functional Shots Market would witness market growth of 15.2% CAGR during the forecast period (2021-2027). Athletes participating in physical fitness activities highly prefer functional shots, thereby making them highly popular across the world. The younger population is highly inclined towards sports and other fitness activities and they have higher buying power, and a desire to purchase healthier goods. In the last couple of years, people have more preferences toward physical fitness; hence, there is a sharp rise in the number of health clubs and fitness centers around the world.
The demand for functional shots is boosted by the increment in the number of fitness centers around the world. Individuals especially the young generation are becoming aware of the negative effects of consuming soft drinks or any other drink. Due to the negative response against sugar, consumers are becoming conscious of the benefits and consequences of the products utilized in their beverages. These factors are expected to create new growth avenues for the global functional shots market during the forecast period.
These products are popular to provide the highest convenience. They are consumption-ready and can be stored easily. The majority of the functional shots can be stored in cold places like a refrigerator. Though, some of the products of the modern era can be easily stored at room temperature without compromising with the composition of the product.
The USA market dominated the North America Immunity Repellent Market by Country in 2020, and thereby, achieving a market value of $96 Million by 2027. The Canada market is experiencing a CAGR of 15.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 18.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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