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Bubble Tea Market analysis report provides data and information about the scenario of Bubble Tea Market industry which makes it easy to be ahead of the competition in today’s speedily changing business environment. The parameters of the report range from latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights to innovation. The report also puts light on the company market share analysis and key company profiles which are the major aspects of competitive analysis. With the significant Bubble Tea Market report, best market opportunities are put forth along with the well-organized information to accomplish growth in the market.
With a full devotion and commitment Bubble Tea Market research report has been presented with the best realistic service and recommendations which can be trusted confidently. This market report delivers all-inclusive analysis of the market structure along with forecast of the diverse segments and sub-segments of the market. With the clear understanding of customer requirement, one method or combination of many methods have been used to construct this most excellent market research report.
Global Bubble Tea Market was valued at USD 596.79 million in 2021 and is expected to reach USD 1,119.56 million by 2029, registering a CAGR of 7.70%during the forecast period of 2022-2029.
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Bubble tea, also known as bubble milk tea, boba tea, pearl milk tea, boba juice, or simply boba, refers to a Taiwanese tea-based drink that was initially invented in Tainan and Taichung in the 1980s. Most of the bubble tea recipes consist of tea base mixed with milk or fruit, to which balls (pearls, bubbles, or boba) and fruit jelly are often added.
Some of the major players operating in the bubble tea market are:
- Lollicup USA Inc. (US)
- CuppoTee Company (Taiwan)
- Bubble Tea House Company (India)
- Ten Ren’s Tea Time (US)
- Boba Box Limited (UK)
- Sumos Sdn Bhd (Malaysia)
- Boba Tea Company (US)
- Troika JC. (Qbubble) (US)
- Fokus Inc. (Taiwan),
- Tea Time (China)
- Kuaikeli Enterprise Co., Ltd. (China)
- COCO International Co., Ltd. (Vietnam)
- Kung Fu Tea (US)
- Gong Cha (China)
- Boba Guys (US),
- Chatime (Taiwan)
- ShareTea (US)
- Coco Fresh (India)
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Consumption of Tea
The increase in the consumption of tea and coffee as nootropic drinks among students and working-class population acts as one of the major factors driving the growth of bubble tea market. The high consumption of tea among population who have busy working lifestyle as it is easy to prepare assist in the growth of market.
- Prevalence of Cardiovascular Diseases
The rise in the prevalence of cardiovascular diseases, diabetes, and oral bacteria, accelerate the market growth. The tea is known for reducing the occurrences of these diseases.
- Health Consciousness
The rise in the health consciousness among population further influences the market. The consumption of bubble tea is known to strengthen immune system, decline inflammation, boost energy and enhance cardiovascular health.
Opportunities
Furthermore, various product innovations, such as the launch of bubble teas in exotic flavors extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, aesthetically appealing packaging will further expand the market.
Recent Developments
- TA Associates announced an investment in Gong Cha Group in August’2019. The company aims to witness high growth business opportunities.
- Secret recipe launched a series of boba tea flavors in Jube’2019. The series include flavors, such as caramel, boba milk tea, boba brown sugar milk tea, boba signature tea and boba mignight blue.
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The bubble tea market is segmented on the basis of ingredients, flavours and component. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Base Ingredient
- Black Tea
- Green Tea
- Oolong Tea
- White Tea
On the basis of base ingredient, the bubble tea market is divided into black tea, green tea, oolong tea, and white tea.
Flavor
- Original Flavour
- Coffee Flavour
- Fruit Flavour
- Chocolate Flavour
- Others
On the basis of flavour, the bubble tea market is categorized into original flavour, coffee flavour, fruit flavour, chocolate flavour, and others.
Component
- Flavour
- Creamer
- Sweetener
- Liquid
- Tapioca Pearls
- Others
On the basis of component, the bubble tea market is classified into flavour, creamer, sweetener, liquid, tapioca pearls and others.
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