Technavio has been monitoring the global bubble tea market and the market is poised to grow by USD 963.05 million during 2019-2023 at a CAGR of over 7% during the forecast period. Request Free Sample Pages
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Read the 116-page research report with TOC on "Bubble Tea Market Analysis Report by Geography (Americas, APAC, and EMEA), by Base ingredient (Black tea, Green tea, and Others), by Component (Flavor, Creamer, Sweetener, Tapioca balls and popping balls, and Others), and Segment Forecasts, 2019 - 2023".
The market is driven by the rising accessibility and availability of the products through organized retail. In addition, the introduction of new flavors is anticipated to further boost the growth of the bubble tea market.
With the growth of population and rapid urbanization, organized retailers are expanding to various locations. This growth is also driving the establishment of online specialty stores such as Tesco.com and hypermarkets and supermarkets such as Walmart. Vendors provide food and beverage items that are affordable, convenient, and nutritious through the different retail outlets. They also sell ingredients such as tea powder, popping balls, and tapioca balls to prepare bubble tea. Thus, the rising accessibility and availability of bubble tea products through organized retail outlets is expected to drive market growth during the forecast period.
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Major Five Bubble Tea Market Companies:
Fanale Drinks is headquartered in the US and operates the business under various segments such as Toppings, Bubble Tea Flavoring Powder, Snow Ice/Frozen Yogurt, and Containers. The company offers products such as Tapioca Pearls / Boba and Tea Leaves.
Fokus is headquartered in Taiwan and offers products through the following business units: Concentrated Juice, Premium Tea, Jelly, and Others. The company offers products such as Popping boba and Premium Tea.
GRAND CHAINLY is headquartered in Taiwan and operates under various business segments, namely Bubble Tea Toppings, Tea & Flavorings, Store Equipment and Machine Supplies, and Drinking Cups & Packaging Containers. The company offers products such as Tea Leaves and Tapioca Pearls and Balls Supplies.
HUEY-YUHE ENTERPRISE is headquartered in Taiwan and offers products through the following business segments: Products and Service. The company offers products such as Beverage Materials and Jelly & Popball.
Lollicup USA is headquartered in the US and offers products through the following business segments: Karat, Karat Earth, Tea Zone, and Total Clean. The company offers products such as BOBA (TAPIOCA), POPPING PEARLS, and TEA LEAVES.
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Bubble Tea Base Ingredient Outlook (Revenue, USD Million, 2019 - 2023)
- Black tea
- Green tea
Bubble Tea Regional Outlook (Revenue, USD Million, 2019 - 2023)
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Related Reports on Consumer Staples are:
Tea Market – Global Tea Market by type (black tea, green tea, and others), distribution channel (online and offline), and geography (the Americas, APAC, and EMEA).
Oolong Tea Market – Global Oolong Tea Market by product (conventional oolong tea and organic oolong tea) and geography (the Americas, APAC, and EMEA).
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