Market Insights
As per recent research by MarkNtel Advisors, The Global Bubble Tea Market size reached USD 1.68 Billion in 2022 and is projected to grow at a CAGR of around 7.23% during the forecast period, i.e., 2024-30.
Global Bubble Tea Market Key Drivers:
Increasing Consumer Inclination toward Healthy Drinks – The mounting prevalence of lifestyle disorders like obesity & diabetes owing to the busy lifestyles of consumers has compelled them to shift toward healthy beverages like ginger & boba teas, mainly due to their easy customization with various bases & toppings like jellies, fruit bits, syrups, & tapioca balls, i.e., prime aspect projected to drive the Bubble Tea Market during 2024-30. Green tea-based milk tea helps lower blood pressure as well as the risk of cancer.
In addition, the moderate consumption of bubble tea improves the balance of vitamins & minerals in the human body owing to the presence of numerous inclusions like fruit bits, cream, & yogurt, among others. Moreover, the growing working class populace in developing countries, increasing establishment of boba tea outlets, and rising health consciousness among consumers are also promoting the adoption of bubble tea globally and thus driving the market.
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Market Segmentation and Consumer Behavior:
By Base Tea
- Black Tea – Market Size & Forecast 2019-2030, USD Million
- Green Tea- Market Size & Forecast 2019-2030, USD Million
- Oolong Tea- Market Size & Forecast 2019-2030, USD Million
- White Tea- Market Size & Forecast 2019-2030, USD Million
By Flavor
- Fruit – Market Size & Forecast 2019-2030, USD Million
- Original- Market Size & Forecast 2019-2030, USD Million
- Coffee – Market Size & Forecast 2019-2030, USD Million
- Chocolate – Market Size & Forecast 2019-2030, USD Million
- Others – Market Size & Forecast 2019-2030, USD Million
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Bubble Tea Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Key Players and Competitive Strategies in the Bubble Tea Market
Several prominent players dominate the Bubble Tea Market, including:
- Kung Fu Tea
- Quickly
- Lollicup USA, Inc.
- Bubble Tea Supply, Inc.
- Ten Ren’s Tea Time
- Gong Cha
- ChaTime
- Bobabox Ltd.
- Fokus, Inc.
- Coco Fresh Tea and Juice
- Happy Lemon
- Cuppotee
- Tiger Sugar
- Grand Chainly Enterprise
- Share Tea
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Questions Addressed in this Study
1.What factors are driving the Bubble Tea Market growth?
2.How is the Bubble Tea Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Bubble Tea Market?
4.What is the current size of the Bubble Tea Market, and how is it projected to change in the future?
5.What is the future outlook for the Bubble Tea Market in terms of technological advancements and market expansion?
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