Global Bubble Tea Market Growth 2023-2029

Global Bubble Tea Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Bubble Tea Industry Forecast” looks at past sales and reviews total world Bubble Tea sales in 2022, providing a comprehensive analysis by region and market sector of projected Bubble Tea sales for 2023 through 2029. With Bubble Tea sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bubble Tea industry.
This Insight Report provides a comprehensive analysis of the global Bubble Tea landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bubble Tea portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bubble Tea market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bubble Tea and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bubble Tea.
The global Bubble Tea market size is projected to grow from US$ 7886.7 million in 2022 to US$ 27950 million in 2029; it is expected to grow at a CAGR of 27950 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Bubble Tea market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Classic/Original
Fruit Flavored
Other Flavors
Segmentation by application
18-25 years old
26-35 years old
36-45 years old
Other Groups
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kung Fu Tea
Gong Cha
Boba Guys
Chatime
ShareTea
8tea5
Quickly
CoCo Fresh
ViVi Bubble Tea
Key Questions Addressed in this Report
What is the 10-year outlook for the global Bubble Tea market?
What factors are driving Bubble Tea market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Bubble Tea market opportunities vary by end market size?
How does Bubble Tea break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.