Bubble Tea Market

Bubble Tea Market was estimated around USD 2,066 million in 2017 and is predicted to grow at a CAGR of 7.2% over the forecast period.

The factors driving the growth of Bubble Tea Market includes rise in the consumption of healthy beverages such as green tea, black tea, and oolong tea, growing consciousness amongst consumers about maintaining physical health and increase in the use of bubble tea in the East Asian Cuisine. According to the report published by Bloomberg, the Global Green Tea Market was calculated around USD 14.8 billion in 2021 and is predicted to reach USD 29.3 billion by the end of 2030, expanding at a CAGR of 8.04% over the forecast period (2022-2030), which will boost the Bubble Tea Market Growth in the approaching years. Moreover, easy availability of bubble tea products at the e-commerce platforms, rise in the launch of innovative flavors and blends, zero fat and low-calorie contents of bubble tea and increasing prevalence of cardiovascular diseases and diabetes around the world, are some of the additional factors supplementing the Bubble Tea Market size. In addition, the increasing investments by leading players on research and development, rise in the number of Free Trae Agreements (FTAs) amongst Governments, increasing disposable incomes and rapid urbanization, are further contributing to the market growth.

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The leading players operating in the market are CuppoTee Company, Ten Ren’s Tea Time, Boba Box Limited, Lollicup USA Inc., Sumo’s (M) Sdn Bhd, Fokus Inc., Gong Cha USA, Tazo Bubble Tea Company, The Bubble Tea Company and Bubble Tea House Company, among others.

However, the growth of Bubble Tea Market is hindered owing to easy availability of substitute beverages.

Product: Segment Analysis

Based on Product, the Black tea segment is expected to capture the largest market share during the forecast period attributed to rise in consumers preference for organic food and beverages across the globe.

Flavors: Segment Analysis

As per the Bubble Tea Market Analysis, the Coffee segment is predicted to expand at a significant CAGR over the forecast period owing to raising awareness amongst consumers about the health benefits of consuming coffee.

Regional: Segment Analysis

According to the Bubble Tea Market Research, the European region is anticipated to hold the highest market share during the forecast period. Growing demand for hot beverages across United Kingdom, Germany and France, rising awareness amongst consumers about health benefits of bubble tea, high population growth and improved living standards, are some of the important factors augmenting the market growth in Europe.

Market Segmentation
Global Bubble Tea Market by Type

• Green tea
• Black tea
• Oolong tea
• White tea

Global Bubble Tea Market by Flavor Type

• Original
• Chocolate
• Fruit
• Coffee
• Others

Global Bubble Tea Market by Point of Sales

• Online
• Retail stores
• Supermarkets

Global Bubble Tea Market by Region  

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

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