Industry Overview:
IMARC Group, a leading market research company, has recently releases report titled “Bubble Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global Bubble Tea Industry Report, Share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Bubble Tea Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.4 Billion |
| Market Forecast in 2028 | US$ 3.6 Billion |
| Growth rate (2023 to 2028) | CAGR of 7.1% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Bubble Tea?
Bubble tea, alternatively known as pearl milk tea, refers to a sweet beverage produced using black or green tea, typically mixed with milk or fruit syrup and small balls of tapioca. It is available in numerous flavors such as original, coffee, fruit, chocolate, strawberry, etc. Hot or cold bubble tea variants are rich in vitamin C, caffeine, and antioxidants which aid in boosting energy, reducing inflammation, and strengthening the immune system and cardiovascular health. Consequently, they are in extensive demand among consumers across the globe.
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What are the growth prospects and trends in the Bubble Tea industry?
The growing food and beverage industry across countries and the emerging trend among fast food, quick service, and casual dining restaurants and cafes of experimenting with versatile teas and bold flavors to offer their consumers innovative beverage variations are among the key factors driving the bubble tea market. In addition to this, the elevating health consciousness among the masses and the rising awareness regarding the benefits of consuming bubble tea regularly are acting as significant growth-inducing factors. In line with this, the shifting preference toward coffee and tea as nootropic beverages among working professionals and students for improving memory, concentration, motivation, and learning capabilities are also positively influencing the global market. Moreover, the launch of new products in exotic flavors and aesthetically appealing packaging by leading market players is further stimulating the market growth. Apart from this, the increasing demand for organic and natural beverages and the escalating product availability through online retail platforms are expected to propel the bubble tea market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Key Market Segmentation:
Breakup by Base Ingredients:
- Black Tea
- Green Tea
- Oolong Tea
- White Tea
Breakup by Flavor:
- Original Flavor
- Coffee Flavor
- Fruit Flavor
- Chocolate Flavor
- Others
Breakup by Component:
- Flavor
- Creamer
- Sweetener
- Liquid
- Tapioca Pearls
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Who are the key players operating in the industry?
- Boba Loca USA Inc.
- Bubble Tea Supply
- CoCo Fresh Tea & Juice
- Fanale Drinks
- Fokus Inc
- Huey-Yuhe Enterprise Co. Ltd.
- Kung Fu Tea
- Lollicup USA Inc.
- Quickly Chapel Hill
- Sharetea
- Troika J C Inc
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