Bubble Tea Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Bubble Tea Market: Snapshot
The global bubble tea market has been estimated to reach $4.3 billion during the forecast period from 2020 to 2030. Further, the bubble tea market is likely to grow at a CAGR of 7.80% in the foreseeable years.
The bubble tea market has been gaining traction in recent years due to the increasing popularity of the industry product. In addition to this, the increasing adoption of the healthy beverages, for example, white tea, oolong tea, black tea, and green tea has also been contributing to the growth opportunities in the bubble tea market in the coming years.
In recent years, people are becoming more conscious related to their healthcare conditions. Along with this, the rising consumption of the flavored bubble tea among young generations is also fueling growth avenues in the bubble tea market in the forthcoming years.
Furthermore, aggressive celebrity endorsement and advertisements are also contributing to the growth impetuses in the bubble tea market.
On the flip side, increasing consumption of the excess sugar content in the bubble tea market drinks can lead to certain health issues.
This factor is likely to restrict the growth avenues in the bubble tea market in the near future.
Bubble tea is also known with different other names, for example, bubble milk tea, pearl milk tea, boba tea, boba juice, or simply bubble tea. It is utilized tea as the base segment, while the inclusion of chewy tapioca balls are known to give improved experience to this drink. Bubble tea is accessible in different diverse flavors with a wide range of flavored custard balls.
It accompanies characteristics, for example, anti-carcinogenic and anti-inflammatory properties. It has very less fat content, and low calorie. It is known to be rich in antioxidants.
A couple of the most widely recognized flavors favored by clients in bubble tea involve passion fruit, chocolate, honeydew, plum, taro, lychee, strawberry, mango, coffee, ginger, peach, and with fruit flavor being the prevailing one trailed by chocolate and original flavored bubble tea.
Makers of this prepared to-drink refreshment have kept up its affordability, resultantly fueling the global bubble tea market.
What's more, the expansion of organic products, fruits and jellies to the bubble tea together with the advantages of tea, supplements the development of global buble tea market
The bubble tea market players have determined to acquire new scope as there has been an constant rise on spending more on research and development work by numerous individuals of the bubble tea producing organizations, hence propelling further the development of the bubble tea market. Nevertheless, a significant number of the market members are foreseen to make entry into the developing economies that are yet to be tapped to discover new scopes.
Global Bubble Tea Market: Overview
This report on the global bubble tea market is a comprehensive market intelligence study that brings forth the lucrativeness of the said market. Beginning with an executive summary that comprise a snapshot of how the demand for Bubble Tea has evolved over the recent past and where is it headed to in the future, the report delves into the analysis of various market dynamics, such as opportunities, trends, challenges, and drivers. A detailed overview of the said market with the analysis of porter’s five forces has been provided in a bid to present a concise and clear landscape of the market vendors to the readers. The market intelligence study also points at mergers, important conglomerates, numerous research and development activities, acquisitions, and corroborations. The said publication allows market stakeholders to study the market in detail and carefully and take well-informed decisions so as to optimize profit and minimize cost.
The world market for bubble tea is expected to grow at a robust CAGR and is anticipated to attain a significant market valuation by the end of the period of forecast.
Global Bubble Tea Market: Trends and Opportunities
Bubble tea comes with various different names such as boba tea, pearl milk tea, boba juice, bubble milk tea, or just bubble tea. It is made by making use of tea as the base component, whilst the addition of chewy tapioca balls can result in better experience to this beverage. Bubble tea is available in various different flavors with many different flavored tapioca balls. It comes with attributes such as anti-inflammatory and anti-carcinogenic properties, low calorie and low-fat content, rich in antioxidants. A few of the most common flavors preferred by users in bubble tea comprise chocolate, passion fruit, honeydew, taro, plum, lychee, strawberry, ginger, coffee, peach, mango, and with fruit flavor being the dominant one and it is followed by chocolate and original flavor bubble tea.
Manufactures of this ready-to-drink beverage have maintained its cost-effectiveness, thereby driving the world market for bubble tea. In addition to this, the addition of fruits & jellies to the bubble tea together with the benefits of tea supplements the growth.
Global Bubble Tea Market: Market Potential
The market vendors have been forecasted to obtain new opportunities as there has been an increased emphasis on spending more on the work of research and development by many of the Bubble Tea manufacturing companies thereby driving further growth of the said market. In addition to that, many of the market participants are anticipated to make a foray into the emerging economies that are yet to be explored so as to find new opportunities.
Global Bubble Tea Market: Regional Analysis
The geographical segmentation of the world market for bubble tea is divided into Europe, North America, Latin America, and Asia Pacific. The Asia-Pacific bubble tea market is experiencing a rapid rate of growth, as bubble tea has garnered popularity owing to its low price, improved taste, and availability of varied and novel flavors. In addition to this, rapid urbanization and growth of ready-to-drink beverages in the region is set to drive the growth of the market.
Global Bubble Tea Market: Competitive Landscape
A few leading market players that are operating in the world market for bubble tea comprise eminent names such as Fokus Inc., Gong Cha USA, Lollicup USA Inc., Bubble Tea House Company, Troika JC. (Qbubble), Boba Box Limited, Ten Ren's Tea Time, CuppoTee Company, Boba Tea Company, and Sumos Sdn Bhd.
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