Analyzing Bubble Tea Market Size: Analysing USD 1.68 BILLION IN 2022

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Table of Contents

Bubble Tea Market Research Report: Forecast (2024-2030)

The global bubble tea market size reached Bubble Tea and is projected to grow at a CAGR of around 7.23% during the forecast period, i.e., 2024-30. The growth of the market is projected to be driven primarily by the buzz among individuals worldwide for bubble tea owing to its appeal & novelty. The world is observing a rapidly increasing number of people across different countries showing greater interest in innovative beverages infused with bold flavors and being highly experimental with flavors. Consequently, it is captivating consumer attention and amplifying the demand for bubble teas.

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Market Dynamics

Global Bubble Tea Market Growth Restraint: Rising Availability of Alternative Caffeinated Beverages Before beginning the day, several consumers depend highly on caffeinated drinks like coffee & tea, the most consumed & socially accepted nootropic beverages worldwide. Hence, despite the surging demand for innovative teas worldwide, the extensively growing availability of other caffeinated & conventional drinks like coffee & chocolate, coupled with the strong consumption trends of coffee in Western countries, are the major restraints to the growth of the Global Bubble Tea Market growth during 2024-30. Moreover, the growing availability of suitable alternatives like unsweetened tea, coconut water, & fruit-infused teas, among others, which offer benefits similar to bubble tea, is also hampering the market expansion.

Leading Companies in Bubble Tea Market:

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

Segmentation of the Industry

The Bubble Tea Market is highly fragmented and bifurcates into the following segmentations:

By Base Tea

-Black Tea

-Green Tea

-Oolong Tea

-White Tea

Among them all, green tea is expected to continue its dominance in the Bubble Tea Market during 2024-2030.

By Flavor

-Fruit

-Original

-Coffee

-Chocolate

-Others

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Regional Landscape

On the geographical front, the Bubble Tea Market expands across the following:

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

Among all regions, Asia-Pacific holds a prominent share of the Bubble Tea Market and is projected to witness significant growth during 2024-30.

About MarkNtel Advisors

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Regional Market Trends

Asia-Pacific Dominance

Asia-Pacific remains the largest and most lucrative market for bubble tea, with Taiwan, China, and Southeast Asian countries leading the way in consumption and production. The region’s rich tea culture, coupled with a burgeoning cafe culture and urbanization, has contributed to the market’s robust growth.

Growth in North America and Europe

North America and Europe have emerged as promising markets for bubble tea, driven by increasing multiculturalism, urbanization, and consumer curiosity for international flavors. Bubble tea has become a trendy beverage choice among young urbanites and food enthusiasts, leading to the establishment of specialty bubble tea shops and franchises across the regions.

Emerging Markets in Latin America and Middle East

Latin America and the Middle East are witnessing a surge in demand for bubble tea, fueled by changing consumer lifestyles, urbanization, and a growing appetite for exotic and novel food and beverage experiences. Bubble tea chains are expanding their presence in these regions, capitalizing on the rising popularity of the drink.

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