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According to our (Global Info Research) latest study, the global Bubble Tea market size was valued at USD 8295.5 million in 2023 and is forecast to a readjusted size of USD 26870 million by 2030 with a CAGR of 18.3% during review period.
Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a China Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. There are many varieties of the drink with a wide range of ingredients. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca.
Chatime, Coco Fresh, Gong Cha and Quickly are the main manufacturers of bubble milk tea, with the top three accounting for about 15% of the whole market.
Asia-Pacific is estimated to have a major share in the global market with nearly 60%.
The Global Info Research report includes an overview of the development of the Bubble Tea industry chain, the market status of 18-25 years old (Classic/Original, Fruit Flavored), 26-35 years old (Classic/Original, Fruit Flavored), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Bubble Tea.
Regionally, the report analyzes the Bubble Tea markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Bubble Tea market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Bubble Tea market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Bubble Tea industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (M Cups), revenue generated, and market share of different by Type (e.g., Classic/Original, Fruit Flavored).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Bubble Tea market.
Regional Analysis: The report involves examining the Bubble Tea market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Bubble Tea market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Bubble Tea:
Company Analysis: Report covers individual Bubble Tea manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Bubble Tea This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (18-25 years old, 26-35 years old).
Technology Analysis: Report covers specific technologies relevant to Bubble Tea. It assesses the current state, advancements, and potential future developments in Bubble Tea areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Bubble Tea market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Bubble Tea market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Classic/Original
- Fruit Flavored
- Other Flavors
Market segment by Application
- 18-25 years old
- 26-35 years old
- 36-45 years old
- Other Groups
Major players covered
- Kung Fu Tea
- Gong Cha
- Boba Guys
- Chatime
- ShareTea
- 8tea5
- Quickly
- CoCo Fresh
- ViVi Bubble Tea
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Bubble Tea product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Bubble Tea, with price, sales, revenue and global market share of Bubble Tea from 2019 to 2024.
Chapter 3, the Bubble Tea competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Bubble Tea breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Bubble Tea market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Bubble Tea.
Chapter 14 and 15, to describe Bubble Tea sales channel, distributors, customers, research findings and conclusion.