Bubble Tea Market: Valued at USD 1.68 Billion (2022) & To Rise at 7.23% CAGR During 2024-30

The Global Bubble Tea Market size was valued at USD 1.68 billion in 2022 and is anticipated to grow at a CAGR of around 7.23% during the forecast period, 2024-30, mentions MarkNtel Advisors in their recent research report. The market growth is primarily attributed to the rising popularity of bubble tea across the globe, given its appeal & newness. Also, the rising inclination of the global population toward fresh, innovative, and new beverages and the increasing keenness of individuals worldwide to try new flavors are boosting the demand for bubble teas.

Further, the report also highlights that bubble tea acts as an antioxidant and possesses anti-inflammatory characteristics which is why it is recommended by health experts. Moreover, it is also suggested that decent consumption of bubble tea supports the slowing down of cell damage, decreases cholesterol levels, improves the functionality of the brain, is effective against depression, and enhances concentration. All these aspects further trigger the Global Bubble Tea Market positively and are anticipated to continue in the coming years.

Global Bubble Tea Market Segmentation Analysis

• By Base Tea (Black Tea, Green Tea, Oolong Tea, and White Tea)
• By Flavor (Fruit, Original, Coffee, Chocolate, and Others)
• By Region (North America, South America, Europe, The Middle East & Africa, and Asia-Pacific)

Fruit-flavored bubble tea enjoys massive popularity and holds a significant share in the Global Bubble Tea Market given the increasing popularity of tea-based fruity beverages and the presence of a wide variety of fruity flavors. Flavors like lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, etc., have an additional edge of constituting decent nutritional value as compared to other flavors, which drive the segment’s lead in the Bubble Tea Market. The fruit flavor of the tea incorporates ample amounts of antioxidants & vitamins and enables the removal of toxins from the body, which further boosts the growth of the Global Bubble Tea Market.

Asia-Pacific retains a substantial share of the Bubble Tea Market and the trend is likely to continue in the forecast period of 2024-30 as well. The colossal demand for bubble teas across countries like Vietnam & Taiwan and the existence of prominent market players & new competitors across the region are expanding their offerings, thus fueling the market. Additional factors like the growing development of cafes/restaurants by bubble tea manufacturers/entrepreneurs in Asia-Pacific and the mounting expenditure by consumers on healthy beverages, and the flourishing production & consumption of numerous types of tea are also contributing extensively to the market growth.

Moreover, North America is also witnessing a roaring upsurge in the Bubble Tea Market owing to the escalating boba tea stores, predominantly in the US & Canada since more & more consumers are opting to go for no and low-alcohol beverages. Moreover, the rising inclination towards veganism and plant-based diets is also aiding the market growth across the region.

Key Players Retaining a Substantial Share in the Global Bubble Tea Market

The major companies holding a significant stake and leading in the Global Bubble Tea Market are Kung Fu Tea, Quickly, Lollicup USA, Inc., Bubble Tea Supply, Inc., Ten Ren’s Tea Time, Gong Cha, ChaTime, Bobabox Ltd., Fokus, Inc., Coco Fresh Tea and Juice, Happy Lemon, Cuppotee, Tiger Sugar, Grand Chainly Enterprise, and Share Tea.

Explore More Reports

https://www.marknteladvisors.com/research-library/global-plastic-recycling-market.html

https://www.marknteladvisors.com/research-library/uae-construction-chemicals-market.html

https://www.marknteladvisors.com/research-library/artificial-intelligence-neurology-market.html

https://www.marknteladvisors.com/research-library/free-space-optics-fso-visible-light-market.html

https://www.marknteladvisors.com/research-library/venous-stents-market.html

About MarkNtel Advisors

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

To find out more, visit MarkNtelAdvisors or follow us on Twitter, LinkedIn and Facebook.

Reach us:

Call: +1 628 895 8081, +91 120 4278433

Email: sales@marknteladvisors.com

Visit to know more:  www.marknteladvisors.com