Retail Bubble Tea Kits Market By Base Ingredient (Black Tea, Green Tea, Oolong Tea, White Tea), By Flavor (Original Flavor, Coffee Flavor, Fruit Flavor, Chocolate Flavor, Others), By Component (Flavor, Creamer, Sweetener, Liquid, Tapioca Pearls, Others), By Distribution Channel (Supermarkets And Hypermarkets, Convenience Store, Online Retail, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The retail bubble tea kits market size was valued at $47,224.4 thousand in 2020, and is estimated to reach $133,554.4 thousand by 2030, registering a CAGR of 9.9% from 2021 to 2030.
Bubble tea kit comprise bubble tea components, which are sold as single unit and single price. Components of bubble tea are flavor, creamer, sweetener, liquid, tapioca pearls, and others. These components are provided with bubble tea kits in pouches or in cans. Bubble tea kits vary according to flavor, sweetener, and tapioca pearls.
Rise in inclination of consumers toward versatile teas with innovative bold flavors and availability of options to make boba tea at home with bubble tea kits are expected to favor growth of the market during the forecast period. Online sales have witnessed quite a notable growth among bubble tea consumers over local hypermarkets or other grocery stores. Ease of buying several types of bubble tea kits, wider variety of options, and availability of home delivery options are some of the benefits offered to bubble tea consumers from ecommerce sales. Therefore, online sales of bubble tea kits have increased in 2020.
The outbreak of COVID-19 has positively impacted the retail bubble tea kits market. The outbreak of COVID-19 pandemic has forced government bodies to impose strict closures of production facilities, restaurants, hotels, and cafes to maintain safety measures and implement social distancing, which had led to decrease in on-trade sales of bubble tea. Hence, people started buying bubble tea kits to make their own boba tea at home.
The retail bubble tea kits market is segmented on the basis of base ingredient, flavor, component, distribution channel, and region. On the basis of base ingredient, the market is categorized into black tea, green tea, oolong tea, and white tea. On the basis of flavor, it is segmented into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. By component, it is segregated into flavor, creamer, sweetener, liquid, tapioca pearls, and others. On the basis of distribution channel, it is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, Taiwan, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and rest of LAMEA).
However, counterfeit, similar tastes, and low-quality bubble tea kits are expected to hamper growth of the market. Bubble tea kits have gained significant popularity and due to its popularity and high sales revenue, many small companies or organizations have started producing low quality and similar tasting versions of such products and started selling them with the sole purpose of gaining profits.
The major players operating in the market are ORBITEL INTERNATIONAL, BUBBLE TEA HOUSE COMPANY, Boba Barista, Locca Bubble Tea, Bubble Tea Supply, THE TEASHED, The Bubble Tea Club, Buddha Bubbles Boba, BOBA CHiC, and Bek Foods.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global plant based food ingredients market with current trends and future estimations to elucidate the imminent investment pockets in the market.
The report provides information regarding drivers, restraints, and opportunities with impact analysis.
A quantitative analysis from 2020 to 2030 is provided to showcase the financial competency of the market.
Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Competitive intelligence highlights business practices followed by leading market players across various regions.
Key Market Segments
By Base Ingredient
Black Tea
Green Tea
Oolong Tea
White Tea
By Flavor
Original Flavor
Coffee Flavor
Fruit Flavor
Chocolate Flavor
Others
By Component
Flavor
Creamer
Sweetener
Liquid
Tapioca Pearls
Others
By DISTRIBUTION CHANNEL
Supermarkets And Hypermarkets
Convenience Store
Online Retail
Others
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Turkey
Rest of LAMEA
Key Market Players
BUBBLE TEA HOUSE COMPANY
Boba Barista
Locca Bubble Tea
Bubble Tea Supply
THE TEASHED
The Bubble Tea Club
Buddha Bubbles Boba
BOBA CHiC
Bobagreen
ORBITEL INTERNATIONAL
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