China Taiwan Crises
Bubble Tea Market

Bubble Tea Market Size, Share and Segmentation 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 Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1414 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Bubble Tea Market Size was valued at USD 2.5 billion in 2021 and is expected to reach USD 4.56 billion by 2028, and grow at a CAGR of 9% over the forecast period 2022-2028.

Bubble tea or boba is an exceptional Taiwanese drink ready by mixing tea base with flavors, milk, or sugars and afterward adding custard pearls that sit at the base. The custard balls are gotten from cassava root that contains L-ascorbic acid and calcium. The ubiquity of bubble tea is expanding quickly across the world and it is accessible in different flavors like mango, peach, pomegranate, and others. Dark tea, white tea, green tea, and oolong tea are utilized as a base for getting ready to bubble tea which is then redone utilizing syrups like lychee, and strawberry.

Bubble Tea Market Revenue Graph

What's more, many bubble teas are ready with pudding, syrups, natural products, jams, yogurt, and others. The flavor of bubble tea relies upon natural product flavors, syrups, and natural product jams that are utilized as a base flavor. Bubble tea has different advantages, for example, it assists with reinforcing the resistant framework, supports energy, and further develops heart wellbeing, which makes it a famous refreshment.

Market Dynamics:

Driving Factors:

  • Development in wellbeing cognizance and expansion in the reception of sound drinks.

Restraining Factors:

  • Abundance of sugar content in these beverages promotes medical problems and a pattern of espresso utilization.

Opportunities:

  • Presentation of different new flavors and mixes and appeal among the youthful populace for an assortment of teas.

Challenges:

  • Lockdown limitations, prohibition on import and product exercises, and break-in-store network exercises.

Impact of Covid-19:

The rise of COVID-19 has obliged government associations to stringently close eateries, ranches, and undertakings to safeguard wellbeing safety measures and to accomplish social distance. This has brought about delays on the way and both the activity of supply (tea domains) and interest for utilization focus being stopped by the absence of staff and fewer guests to bistros around mid-afternoon. The Indian Tea Association reports that tea costs, both in light of the irruptive development of freight and the decrease in crop size, have expanded by 25% to 40% overall.

Market Estimations:

Dark tea held the biggest portion of the overall industry and is supposed to keep up with strength over the conjecture time frame. This development is ascribed to the valid normal kind of dark tea. Also, the beverage decreases glucose levels and terrible cholesterol and further develops stomach wellbeing. It additionally goes about as a brilliant wellspring of cell reinforcements.

Then again, the green tea item section is expected to witness the quickest CAGR. The development can be ascribed to the rising mindfulness about the medical advantages related to the utilization of green tea.

The natural product flavor section represented the most extreme portion of the overall industry and is supposed to keep up with the main situation over the conjecture time frame. The accessibility of different organic product flavors, for example, strawberry, enthusiasm organic product, mango, pineapple, melon, watermelon, avocado, coconut, grape, lychee, peach, honeydew, kiwi, and banana, is the key element driving the portion development.

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

Bubble Tea Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Asia-Pacific (APAC) overwhelms the bubble tea market due to the maximum usage of the bubble tea inside the area.

Europe is supposed to observe huge development during the conjecture time of 2022 to 2029 on account of the expansion in the interest for sound hot drinks in the area.

The nation segment of the report additionally gives individual market influencing variables and changes in the guideline in the market locally that influences the current and future patterns of the market. The information focuses on downstream and upstream worth chain investigation, specialized patterns, and watchman's five powers examination, contextual analyses are a portion of the pointers used to conjecture the market situation for individual nations. Likewise, the presence and accessibility of worldwide brands and they’re provoke looked because of huge or scant rivalry between the neighborhood and homegrown brands, the effect of homegrown levies and shipping lanes are considered while giving figure examination of the nation information.

Key Players:

Bobabox Ltd., Bubble Tea House Company, Fokus, Inc., Gong Cha, ChaTime, Lollicup USA, Inc., Bubble Tea Supply, Inc., T Bun International, Ten Ren's Tea Time, Troika JC these are listed players in bubble tea market.

Bubble Tea Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.5 Billion
Market Size by 2028 US$ 4.56 Billion
CAGR CAGR 9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key 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)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Bobabox Ltd., Bubble Tea House Company, Fokus, Inc., Gong Cha, ChaTime, Lollicup USA, Inc., Bubble Tea Supply, Inc., T Bun International, Ten Ren's Tea Time, Troika JC 
Key Drivers •Development in wellbeing cognizance and expansion in the reception of sound drinks.
Market Opportunities •Presentation of different new flavors and mixes and appeal among the youthful populace for an assortment of teas.


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: The base year calculated in the Bubble Tea Market report is 2021.

Ans: Bobabox Ltd., Bubble Tea House Company, Fokus, Inc., Gong Cha, ChaTime, Lollicup USA, Inc., Bubble Tea Supply, Inc., T Bun International, Ten Ren's Tea Time, Troika JC are the key players in the global Bubble Tea market.

Ans: The abundance of sugar content in these beverages promotes medical problems and a pattern of espresso utilization and lockdown limitations, prohibition on import and product exercises, and break-in-store network exercises are the restrains/challenges faced by the Bubble Tea market.

Ans: The Global Bubble Tea Market Size is expected to reach USD 4.56 billion by 2028, and grow at a CAGR of 9% over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7.  PEST analysis

 

8. Global Bubble Tea market segmentation, by Base Ingredient

8.1 Black Tea

8.2 Green Tea

8.3 Oolong Tea

8.4 White Tea

 

9.  Global Bubble Tea market segmentation, by Flavor

9.1 Original Flavor

9.2 Coffee Flavor

9.3 Fruit Flavor

9.4 Chocolate Flavor

9.5 Others

 

10. Global Bubble Tea market segmentation by Component

10.1 Flavor

10.2 Creamer

10.3 Sweetener

10.4 Liquid

10.5 Tapioca Pearls

10.6 Others

 

11. Global Bubble Tea market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 the UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company profiles

12.1 Bobabox Ltd.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 Bubble Tea House Company

12.3 Fokus, Inc.

12.4 Gong Cha ChaTime

12.5 Lollicup USA, Inc.

12.6 Bubble Tea Supply, Inc.

12.7 T Bun International

12.8 Ten Ren's Tea Time

12.9 Troika JC

 

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

 

14. Conclusion

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The 5 steps process:

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Secondary Research

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