Bubble Tea Market, By Ingredient (Black Tea, Green Tea, Oolong Tea, and White Tea), By Flavor (Original, Coffee, Fruit, Chocolate, and Others), By Component (Flavor, Creamer, Sweetener, Liquid, Tapioca pearls, and Others) and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI26819 | Publish Date: May 2023 | No. of Pages: 134

Global Bubble Tea Market By Overview

Introduction:

Bubble tea is widely consumed, tea-based beverage. It is flavored tea invented by the Taiwanese which is also known as pearl milk tea, boba juice, and boba milk tea. Bubble tea contains base component as a tea, along with chewy tapioca balls. Bubble tea can be made by blending milk, fruits, tea, and tapioca. Bubble tea can be consumed in both cold as well as hot form. Different types of topping are added to the bubble tea which includes pearls, grass jelly, fruit jelly, agar jelly, and puddings. Bubble tea is available with wide range of flavors in many verities among which green bubble tea and black bubble tea are most popular beverages. It has excellent properties such as low-fat and low-calorie content, rich in antioxidants, anti -inflammatory, and anti-carcinogenic. Bubble tea which is also known as pearl milk tea and boba juice and can be made using tea as the base component with addition of chewy tapioca balls on order to lead to better experience. The global bubble tea market accounted for US$ 2.54 billion in 2020 and is estimated to be US$ 5.33 billion by 2030 and is anticipated to register a CAGR of 7.8%.

Global Bubble Tea Market By Dynamics

Rising consumption of bubble tea

Growing demand for bubble tea owing to its excellent properties such as low-fat and low-calorie content, rich in antioxidants, anti-inflammatory, and anti-carcinogenic, particularly in the developing countries is major factor driving growth of the global bubble tea market. Bubble tea is ready-to-drink tea which is available at low-cost owing to which it is highly preferred by growing working population are major factors expected to fuel growth of the target market over the forecast period. Increasing R&D investments by manufacturers operating in the target market, in order to gain competitive edge is expected to support growth of the global bubble tea market in near future.

However, addition of artificial color, preservatives, and excess sugar to bubble tea is a key factor expected to restrain growth of the target market in the near future. Also, availability of substitutes at lower cost is another factor expected to hinder growth of the target market in the near future.

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Global Bubble Tea Market By Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global bubble tea market is segmented based on ingredient, flavor, component, and region.

The ingredient segment includes black tea, green tea, oolong tea, and white tea. The flavor segment is further sub segmented into original, coffee, fruit, chocolate, and others. On the basis of component, the global bubble tea market has been segmented as flavor, creamer, sweetener, liquid, tapioca pearls, and others.

Regional Insights:

The global bubble tea market accounted for US$ 2.54 billion in 2020 and is estimated to be US$ 5.33 billion by 2030 and is anticipated to register a CAGR of 7.8%. On region the global bubble tea market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America currently dominates the market for bubble tea and is expected to continue its strong hold for a few more years owing to growing demand for bubble tea in the leading countries of region, owing to health benefits of bubble tea, in the region. Increasing consumption of bubble tea at rapid pace in the countries of region especially in U.S. and Canada due to its health benefits is major factor propelling growth of the target market in the region. Availability of bubble tea at lower price as compared to other similar beverages, couple with health benefits of green and black tea, particularly in countries such as India and China are some major factors expected to support growth of the Asia Pacific market over the forecast period. Europe bubble tea market accounted for significant market share

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Ingredients- Black Tea, Green Tea, Oolong Tea, and White Tea

By Flavor– Original, Coffee, Fruit, Chocolate, and Others

By Component– Flavor, Creamer, Sweetener, Liquid, Tapioca Pearls, and Others  

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global bubble tea market report based on ingredient, flavor, component, and region.

Global Bubble Tea Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Bubble Tea Market By Key Players

The key players operating in the global bubble tea market includes Lollicup USA Inc., CuppoTee Company, Bubble Tea House Company, Ten Ren\'s Tea Time, Boba Box Limited, Sumos Sdn Bhd, Gong Cha USA, Boba Tea Company, Troika JC. (Qbubble), and Fokus Inc.

Boba Tea Company:

Boba had introduced various secret recipe such as boba caramel milk tea, boba brown sugar with milk, boba milk tea, boba brown sugar milk tea, boba kopi-C, boba signature fruit tea, boba cham, and boba midnight blue.

Global Bubble Tea Market By Company Profile

  • Lollicup USA Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CuppoTee Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bubble Tea House Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ten Ren\'s Tea Time
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boba Box Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sumos Sdn Bhd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gong Cha USA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boba Tea Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Troika JC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fokus Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Bubble Tea Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Bubble Tea Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Ingredient
      • Market Snippet, By Flavor
      • Market Snippet, By Component
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Bubble Tea Market, By Ingredient 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Black Tea
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Green Tea
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Oolong Tea
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • White Tea
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Bubble Tea Market, By Flavor 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Original
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Coffee
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Fruit
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Chocolate
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Bubble Tea Market, By Component, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Flavor
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Creamer
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Sweetener
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Liquid
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Tapioca Pearls
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Bubble Tea Market, By Region, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Ingredient, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Flavor, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Ingredient, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Flavor, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Ingredient, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Flavor, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Ingredient, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Flavor, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Ingredient, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Flavor, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Component, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
  • Lollicup USA Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CuppoTee Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bubble Tea House Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ten Ren\'s Tea Time
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boba Box Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sumos Sdn Bhd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gong Cha USA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boba Tea Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Troika JC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fokus Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global bubble tea market has been segmented on the basis of ingredient, flavor, component, and region.

Growing demand for bubble tea in the leading countries of region is major factor driving the market.

The markets in Asia-Pacific and Europe are expected to register high growth rate, owing to the availability of bubble tea at low price over other similar beverages, couple with increasing awareness regarding health benefits of bubble tea in the countries of the region, over the forecast period.

Key players operating in the global bubble tea market includes Lollicup USA Inc., CuppoTee Company, Bubble Tea House Company, Ten Ren\'s Tea Time, Boba Box Limited, Sumos Sdn Bhd, Gong Cha USA, Boba Tea Company, Troika JC., and Fokus Inc.