Bubble Tea Market Demand, Report 2023-2028

Bubble Tea Market Overview:

The latest report by IMARC Group, titled “Bubble Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the bubble tea market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global bubble tea market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028. 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.

Industry Growth:

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.

Competitive Landscape with Key Players:

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

Key Market Segmentation:

Base Ingredients:

Black Tea

Green Tea

Oolong Tea

White Tea

Flavor:

Original Flavor

Coffee Flavor

Fruit Flavor

Chocolate Flavor

Others

Component:

Flavor

Creamer

Sweetener

Liquid

Tapioca Pearls

Others

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)

Key Highlights of the Report:

Market Performance

Market Outlook

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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