Bubble Tea Trends and Forecast
The future of the global bubble tea market looks promising with opportunities in the black tea, green tea, oolong tea, and white tea markets. The global bubble tea market is expected to grow with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are rise in the amount of tea and coffee consumed by working-class and student populations as nootropic beverages, growing health consciousness among population, as well as, changing consumer preferences globally.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bubble Tea by Segment
The study includes a forecast for the global bubble tea by flavor, base ingredient, component, and region.
Bubble Tea Market by Flavor [Shipment Analysis by Value from 2018 to 2030]:
• Original Flavor
• Coffee Flavor
• Fruit Flavor
• Chocolate Flavor
• Others
Bubble Tea Market by Base Ingredient [Shipment Analysis by Value from 2018 to 2030]:
• Black Tea
• Green Tea
• Oolong Tea
• White Tea
Bubble Tea Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Flavor
• Creamer
• Sweetener
• Liquid
• Tapioca Pearls
• Others
Bubble Tea Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Bubble Tea Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bubble tea companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bubble tea companies profiled in this report include-
• Boba Box Limited
• SumoÄX%$%Xs
• Tbaar
• TP Tea
• Bubble Tea House Company
• KF Tea Franchising
• Cuppo Tee Company Limited
Bubble Tea Market Insights
Lucintel forecasts that fruit flavor is expected to witness the highest growth over the forecast period due to shift in consumer preference towards nutritious drinks and enhanced flavor.
Within this market, black tea is expected to witness the highest growth due to increase in the popularity of bubble tea with black tea.
North America is expected to witness highest growth over the forecast period due to increase in awareness regarding healthy lifestyle and higher adoption of healthy beverages in the region.
Features of the Global Bubble Tea Market
Market Size Estimates: Bubble tea market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bubble tea market size by flavor, base ingredient, component, and region in terms of value ($B).
Regional Analysis: Bubble tea market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different flavors, base ingredients, components, and regions for the bubble tea market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bubble tea market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for bubble tea market?
Answer: The global bubble tea market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the bubble tea market?
Answer: The major drivers for this market are rise in the amount of tea and coffee consumed by working-class and student populations as nootropic beverages, growing health consciousness among population, as well as, changing consumer preferences globally.
Q3. What are the major segments for bubble tea market?
Answer: The future of the global bubble tea market looks promising with opportunities in the black tea, green tea, oolong tea, and white tea markets.
Q4. Who are the key bubble tea market companies?
Answer: Some of the key bubble tea companies are as follows:
• Boba Box Limited
• SumoÄX%$%Xs
• Tbaar
• TP Tea
• Bubble Tea House Company
• KF Tea Franchising
• Cuppo Tee Company Limited
Q5. Which bubble tea market segment will be the largest in future?
Answer: Lucintel forecasts that fruit flavor is expected to witness the highest growth over the forecast period due to shift in consumer preference towards nutritious drinks and enhanced flavor.
Q6. In bubble tea market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increase in awareness regarding healthy lifestyle and higher adoption of healthy beverages in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bubble tea market by flavor (original flavor, coffee flavor, fruit flavor, chocolate flavor, and others), base ingredient (black tea, green tea, oolong tea, and white tea), component (flavor, creamer, sweetener, liquid, tapioca pearls, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Bubble Tea Market, Bubble Tea Market Size, Bubble Tea Market Growth, Bubble Tea Market Analysis, Bubble Tea Market Report, Bubble Tea Market Share, Bubble Tea Market Trends, Bubble Tea Market Forecast, Bubble Tea Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.