Bubble Tea Industry Research Report 2024

Bubble Tea Industry Research Report 2024


Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a 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.

According to APO Research, the global Bubble Tea market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

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%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Bubble Tea, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bubble Tea.

The report will help the Bubble Tea manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Bubble Tea market size, estimations, and forecasts are provided in terms of sales volume (M Cups) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bubble Tea market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Kung Fu Tea
Gong Cha
Boba Guys
Chatime
ShareTea
8tea5
Quickly
CoCo Fresh
ViVi Bubble Tea

Bubble Tea segment by Type
Classic/Original
Fruit Flavored
Other Flavors

Bubble Tea segment by Application
18-25 years old
26-35 years old
36-45 years old
Other Groups

Bubble Tea Segment by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Bubble Tea market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Bubble Tea and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Bubble Tea.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Bubble Tea manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Bubble Tea by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Bubble Tea in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
Chapter 11: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Global Market Growth Prospects
2.2.1 Global Bubble Tea Market Size (2019-2030) & (US$ Million)
2.2.2 Global Bubble Tea Sales (2019-2030)
2.2.3 Global Bubble Tea Market Average Price (2019-2030)
2.3 Bubble Tea by Type
2.3.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
2.3.2 Classic/Original
2.3.3 Fruit Flavored
2.3.4 Other Flavors
2.4 Bubble Tea by Application
2.4.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
2.4.2 18-25 years old
2.4.3 26-35 years old
2.4.4 36-45 years old
2.4.5 Other Groups
3 Market Competitive Landscape by Manufacturers
3.1 Global Bubble Tea Market Competitive Situation by Manufacturers (2019 Versus 2023)
3.2 Global Bubble Tea Sales (M Cups) of Manufacturers (2019-2024)
3.3 Global Bubble Tea Revenue of Manufacturers (2019-2024)
3.4 Global Bubble Tea Average Price by Manufacturers (2019-2024)
3.5 Global Bubble Tea Industry Ranking, 2022 VS 2023 VS 2024
3.6 Global Manufacturers of Bubble Tea, Manufacturing Sites & Headquarters
3.7 Global Manufacturers of Bubble Tea, Product Type & Application
3.8 Global Manufacturers of Bubble Tea, Date of Enter into This Industry
3.9 Global Bubble Tea Market CR5 and HHI
3.10 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Kung Fu Tea
4.1.1 Kung Fu Tea Company Information
4.1.2 Kung Fu Tea Business Overview
4.1.3 Kung Fu Tea Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.1.4 Kung Fu Tea Bubble Tea Product Portfolio
4.1.5 Kung Fu Tea Recent Developments
4.2 Gong Cha
4.2.1 Gong Cha Company Information
4.2.2 Gong Cha Business Overview
4.2.3 Gong Cha Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.2.4 Gong Cha Bubble Tea Product Portfolio
4.2.5 Gong Cha Recent Developments
4.3 Boba Guys
4.3.1 Boba Guys Company Information
4.3.2 Boba Guys Business Overview
4.3.3 Boba Guys Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.3.4 Boba Guys Bubble Tea Product Portfolio
4.3.5 Boba Guys Recent Developments
4.4 Chatime
4.4.1 Chatime Company Information
4.4.2 Chatime Business Overview
4.4.3 Chatime Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.4.4 Chatime Bubble Tea Product Portfolio
4.4.5 Chatime Recent Developments
4.5 ShareTea
4.5.1 ShareTea Company Information
4.5.2 ShareTea Business Overview
4.5.3 ShareTea Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.5.4 ShareTea Bubble Tea Product Portfolio
4.5.5 ShareTea Recent Developments
4.6 8tea5
4.6.1 8tea5 Company Information
4.6.2 8tea5 Business Overview
4.6.3 8tea5 Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.6.4 8tea5 Bubble Tea Product Portfolio
4.6.5 8tea5 Recent Developments
4.7 Quickly
4.7.1 Quickly Company Information
4.7.2 Quickly Business Overview
4.7.3 Quickly Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.7.4 Quickly Bubble Tea Product Portfolio
4.7.5 Quickly Recent Developments
4.8 CoCo Fresh
4.8.1 CoCo Fresh Company Information
4.8.2 CoCo Fresh Business Overview
4.8.3 CoCo Fresh Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.8.4 CoCo Fresh Bubble Tea Product Portfolio
4.8.5 CoCo Fresh Recent Developments
4.9 ViVi Bubble Tea
4.9.1 ViVi Bubble Tea Company Information
4.9.2 ViVi Bubble Tea Business Overview
4.9.3 ViVi Bubble Tea Bubble Tea Sales, Revenue and Gross Margin (2019-2024)
4.9.4 ViVi Bubble Tea Bubble Tea Product Portfolio
4.9.5 ViVi Bubble Tea Recent Developments
5 Global Bubble Tea Market Scenario by Region
5.1 Global Bubble Tea Market Size by Region: 2019 VS 2023 VS 2030
5.2 Global Bubble Tea Sales by Region: 2019-2030
5.2.1 Global Bubble Tea Sales by Region: 2019-2024
5.2.2 Global Bubble Tea Sales by Region: 2025-2030
5.3 Global Bubble Tea Revenue by Region: 2019-2030
5.3.1 Global Bubble Tea Revenue by Region: 2019-2024
5.3.2 Global Bubble Tea Revenue by Region: 2025-2030
5.4 North America Bubble Tea Market Facts & Figures by Country
5.4.1 North America Bubble Tea Market Size by Country: 2019 VS 2023 VS 2030
5.4.2 North America Bubble Tea Sales by Country (2019-2030)
5.4.3 North America Bubble Tea Revenue by Country (2019-2030)
5.4.4 U.S.
5.4.5 Canada
5.5 Europe Bubble Tea Market Facts & Figures by Country
5.5.1 Europe Bubble Tea Market Size by Country: 2019 VS 2023 VS 2030
5.5.2 Europe Bubble Tea Sales by Country (2019-2030)
5.5.3 Europe Bubble Tea Revenue by Country (2019-2030)
5.5.4 Germany
5.5.5 France
5.5.6 U.K.
5.5.7 Italy
5.5.8 Russia
5.6 Asia Pacific Bubble Tea Market Facts & Figures by Country
5.6.1 Asia Pacific Bubble Tea Market Size by Country: 2019 VS 2023 VS 2030
5.6.2 Asia Pacific Bubble Tea Sales by Country (2019-2030)
5.6.3 Asia Pacific Bubble Tea Revenue by Country (2019-2030)
5.6.4 China
5.6.5 Japan
5.6.6 South Korea
5.6.7 India
5.6.8 Australia
5.6.9 China Taiwan
5.6.10 Indonesia
5.6.11 Thailand
5.6.12 Malaysia
5.7 Latin America Bubble Tea Market Facts & Figures by Country
5.7.1 Latin America Bubble Tea Market Size by Country: 2019 VS 2023 VS 2030
5.7.2 Latin America Bubble Tea Sales by Country (2019-2030)
5.7.3 Latin America Bubble Tea Revenue by Country (2019-2030)
5.7.4 Mexico
5.7.5 Brazil
5.7.6 Argentina
5.8 Middle East and Africa Bubble Tea Market Facts & Figures by Country
5.8.1 Middle East and Africa Bubble Tea Market Size by Country: 2019 VS 2023 VS 2030
5.8.2 Middle East and Africa Bubble Tea Sales by Country (2019-2030)
5.8.3 Middle East and Africa Bubble Tea Revenue by Country (2019-2030)
5.8.4 Turkey
5.8.5 Saudi Arabia
5.8.6 UAE
6 Segment by Type
6.1 Global Bubble Tea Sales by Type (2019-2030)
6.1.1 Global Bubble Tea Sales by Type (2019-2030) & (M Cups)
6.1.2 Global Bubble Tea Sales Market Share by Type (2019-2030)
6.2 Global Bubble Tea Revenue by Type (2019-2030)
6.2.1 Global Bubble Tea Sales by Type (2019-2030) & (US$ Million)
6.2.2 Global Bubble Tea Revenue Market Share by Type (2019-2030)
6.3 Global Bubble Tea Price by Type (2019-2030)
7 Segment by Application
7.1 Global Bubble Tea Sales by Application (2019-2030)
7.1.1 Global Bubble Tea Sales by Application (2019-2030) & (M Cups)
7.1.2 Global Bubble Tea Sales Market Share by Application (2019-2030)
7.2 Global Bubble Tea Revenue by Application (2019-2030)
7.2.1 Global Bubble Tea Sales by Application (2019-2030) & (US$ Million)
7.2.2 Global Bubble Tea Revenue Market Share by Application (2019-2030)
7.3 Global Bubble Tea Price by Application (2019-2030)
8 Value Chain and Sales Channels Analysis of the Market
8.1 Bubble Tea Value Chain Analysis
8.1.1 Bubble Tea Key Raw Materials
8.1.2 Raw Materials Key Suppliers
8.1.3 Bubble Tea Production Mode & Process
8.2 Bubble Tea Sales Channels Analysis
8.2.1 Direct Comparison with Distribution Share
8.2.2 Bubble Tea Distributors
8.2.3 Bubble Tea Customers
9 Global Bubble Tea Analyzing Market Dynamics
9.1 Bubble Tea Industry Trends
9.2 Bubble Tea Industry Drivers
9.3 Bubble Tea Industry Opportunities and Challenges
9.4 Bubble Tea Industry Restraints
10 Report Conclusion
11 Disclaimer

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