Bubble Tea Market Research Report: Forecast (2024-2030)
The global bubble tea market size reached Bubble Tea and is projected to grow at a CAGR of around 7.23% during the forecast period, i.e., 2024-30. The growth of the market is projected to be driven primarily by the buzz among individuals worldwide for bubble tea owing to its appeal & novelty. The world is observing a rapidly increasing number of people across different countries showing greater interest in innovative beverages infused with bold flavors and being highly experimental with flavors. Consequently, it is captivating consumer attention and amplifying the demand for bubble teas.
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Market Dynamics
Global Bubble Tea Market Growth Restraint: Rising Availability of Alternative Caffeinated Beverages Before beginning the day, several consumers depend highly on caffeinated drinks like coffee & tea, the most consumed & socially accepted nootropic beverages worldwide. Hence, despite the surging demand for innovative teas worldwide, the extensively growing availability of other caffeinated & conventional drinks like coffee & chocolate, coupled with the strong consumption trends of coffee in Western countries, are the major restraints to the growth of the Global Bubble Tea Market growth during 2024-30. Moreover, the growing availability of suitable alternatives like unsweetened tea, coconut water, & fruit-infused teas, among others, which offer benefits similar to bubble tea, is also hampering the market expansion.
Leading Companies in Bubble Tea Market:
Kung Fu Tea, Quickly, Lollicup USA, Inc., Bubble Tea Supply, Inc., Ten Ren’s Tea Time, Gong Cha, ChaTime, Bobabox Ltd., Fokus, Inc., Coco Fresh Tea and Juice, Happy Lemon, Cuppotee, Tiger Sugar, Grand Chainly Enterprise, Share Tea
Segmentation of the Industry
The Bubble Tea Market is highly fragmented and bifurcates into the following segmentations:
By Base Tea
-Black Tea
-Green Tea
-Oolong Tea
-White Tea
- Among them all, green tea is expected to continue its dominance in the Bubble Tea Market during 2024-2030.
By Flavor
-Fruit
-Original
-Coffee
-Chocolate
-Others
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Regional Landscape
On the geographical front, the Bubble Tea Market expands across the following:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
- Among all regions, Asia-Pacific holds a prominent share of the Bubble Tea Market and is projected to witness significant growth during 2024-30.
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