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.
Bubble Tea report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Bubble Tea market is projected to reach US$ 27780 million in 2029, increasing from US$ 8062.1 million in 2022, with the CAGR of 19.1% during the period of 2023 to 2029. Demand from 18-25 years old and 26-35 years old are the major drivers for the industry.
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.
Global Bubble Tea Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2018 to 2029, as well as the production volume by region during the same period.
Global Leading Market Research Publisher QYResearch announces the release of the report “Global Bubble Tea Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”. Based on historical analysis (2018-2022) and forecast calculations (2023-2029), this report provides a detailed analysis of the production volume for each type from 2018 to 2029, as well as production by region during the same period. It aims to help readers gain a comprehensive understanding of the global Bubble Tea market with multiple angles, which provides sufficient supports to readers’ strategy and decision making. As the market is constantly changing, the report explores competition, supply and demand trends, as well as the key factors that contribute to its changing demands across many markets.
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Overall, this report will provide you with the insights and information needed to make informed business decisions and stay ahead of the competition.
Global Bubble Tea Market report also includes a pricing analysis for each type, manufacturer, region, and global price from 2018 to 2029. This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.
The Bubble Tea market is segmented as below:
By Company
Kung Fu Tea
Gong Cha
Boba Guys
Chatime
ShareTea
8tea5
Quickly
CoCo Fresh
ViVi Bubble Tea
Segment by Type
Classic/Original
Fruit Flavored
Other Flavors
Segment by Application
18-25 years old
26-35 years old
36-45 years old
Other Groups
Each chapter of the report provides detailed information for readers to understand the Bubble Tea market further:
Chapter 1: Bubble Tea Market Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Bubble Tea, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Bubble Tea industry.
Chapter 3: Bubble Tea Market Historical (2018-2022) and forecast (2023-2029) volume and revenue analysis of Bubble Tea in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4: Bubble Tea Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9: Bubble Tea Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10: Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Bubble Tea introduction, etc. Bubble Tea Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11: Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12: Market Channel, Distributors and Customers are listed.
Chapter 13: QYResearch’s Conclusions of Bubble Tea market based on comprehensive survey.
Chapter 14: Methodology and Data Sources.
Some of the Key Questions Answered in this Report:
- What is the Bubble Teamarket size at the regional and country-level
- What are the key drivers, restraints, opportunities, and challenges of the Bubble Teamarket, and how they are expected to impact the market
- What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) sales value, production value, consumption value, import and export of Bubble Tea
- Who are the global key manufacturers of the Bubble TeaIndustry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)
- What are the Bubble Teamarket opportunities and threats faced by the vendors in the global Bubble Tea Industry
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application
- What focused approach and constraints are holding the Bubble Teamarket
- What are the different sales, marketing, and distribution channels in the global industry
- What are the upstream raw materials and of Bubble Teaalong with the manufacturing process of Bubble Tea
- What are the key market trends impacting the growth of the Bubble Teamarket
- Economic impact on the Bubble Teaindustry and development trend of the Bubble Tea industry
- What are the Bubble Teamarket opportunities, market risk, and market overview of the Bubble Tea market
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