Market Overview:
The global bubble tea market is segmented on the basis of type, application and region. The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%. The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share. Asia Pacific dominates the global bubble tea market with a significant revenue contribution followed by Europe and North America. Latin America is expected to grow at a high CAGR during the forecast period owing to increasing demand from countries such as Brazil and Mexico.
Product Definition:
A Taiwanese tea drink that is made with black or green tea, milk, and tapioca pearls. Bubble tea is usually served cold with ice and can be sweetened or unsweetened. The popularity of bubble tea has led to the development of many different flavors and variations.
Classic/Original:
The global classic/original is a type of flavored tea that has been in demand since the beginning of time. It is prepared using natural ingredients and has no additives or preservatives. The growth factor for this product variant can be attributed to its unique taste, flavor, and health benefits as compared to other variants such as fruit flavors and green tea extracts.
Fruit Flavored:
Fruit flavored is a type of flavor used in food and beverage products. It's derived from natural sources such as fruits, vegetables, nuts or herbs. The most common flavors are strawberry, orange, pineapple and mango among others.
The global fruit flavored market size was valued at USD 2.51 billion in 2016.
Application Insights:
The 26-35 years old segment held a considerable market share of 25.1% in 2017. The consumption of bubble tea is significantly increasing among the millennials, as it is considered to be a healthy alternative and offers various health benefits owing to its ingredients such as vitamins, minerals and amino acids. Furthermore, the availability of different flavors has increased the demand among this age group which results in higher consumption globally.
36-45 years old application segment will expand at the fastest CAGR from 2018 to 2030 with 5%. This can be attributed to growing awareness regarding fitness & nutrition coupled with rising disposable income due to high employment rate across developed economies like U.S., Canada etc.
Regional Analysis:
Asia Pacific is expected to be the most promising region over the forecast period. The key reason being, increasing disposable income of consumers and rising popularity of iced beverages in countries such as China and Japan. However, North America is also likely to capture a significant market share owing to its high demand for premium products with innovative flavors. Moreover, companies are expanding their business in this region by introducing new products that can cater to regional demands and tastes. For instance, J-Tea & Co., a Taiwan based company has introduced fruit tea flavored drinks under its brand name ‘Taiwan Oolong Fruit Tea’ which is an original combination of fruit flavor with oolong tea extract powder infused into it (in case any product was needed).
Growth Factors:
- Increasing disposable income of the consumers in developing countries is expected to drive the Bubble Tea market growth.
- The rising trend of tea consumption among youngsters is another key factor that is anticipated to fuel Bubble Tea market growth over the forecast period.
- Growing popularity of healthy and refreshing drinks is projected to create lucrative opportunities for Bubble Tea players in the near future.
- Proliferation of bubble tea chains across different regions is likely to boost sales over the next few years.
- Increasing demand for innovative flavors and toppings in bubble tea beverages will propel market expansion during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Bubble Tea Market Research Report
By Type
Classic/Original, Fruit Flavored, Other Flavors, The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
By Application
18-25 years old, 26-35 years old, 36-45 years old, Other Groups, The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
By Companies
Kung Fu Tea, Gong Cha, Boba Guys, Chatime, ShareTea, 8tea5, Quickly, CoCo Fresh, ViVi Bubble Tea
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Bubble Tea Market Report Segments:
The global Bubble Tea market is segmented on the basis of:
Types
Classic/Original, Fruit Flavored, Other Flavors, The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
18-25 years old, 26-35 years old, 36-45 years old, Other Groups, The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kung Fu Tea
- Gong Cha
- Boba Guys
- Chatime
- ShareTea
- 8tea5
- Quickly
- CoCo Fresh
- ViVi Bubble Tea
Highlights of The Bubble Tea Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Classic/Original
- Fruit Flavored
- Other Flavors
- The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
- By Application:
- 18-25 years old
- 26-35 years old
- 36-45 years old
- Other Groups
- The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bubble Tea Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bubble tea is a type of tea that is made by steeping bubble tea leaves in hot water. The resulting drink has a sweet and refreshing flavor.
Some of the major players in the bubble tea market are Kung Fu Tea, Gong Cha, Boba Guys, Chatime, ShareTea, 8tea5, Quickly, CoCo Fresh, ViVi Bubble Tea.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bubble Tea Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bubble Tea Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bubble Tea Market - Supply Chain
4.5. Global Bubble Tea Market Forecast
4.5.1. Bubble Tea Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bubble Tea Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bubble Tea Market Absolute $ Opportunity
5. Global Bubble Tea Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bubble Tea Market Size and Volume Forecast by Type
5.3.1. Classic/Original
5.3.2. Fruit Flavored
5.3.3. Other Flavors
5.3.4. The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bubble Tea Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bubble Tea Market Size and Volume Forecast by Application
6.3.1. 18-25 years old
6.3.2. 26-35 years old
6.3.3. 36-45 years old
6.3.4. Other Groups
6.3.5. The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bubble Tea Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bubble Tea Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bubble Tea Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bubble Tea Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bubble Tea Demand Share Forecast, 2019-2026
9. North America Bubble Tea Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bubble Tea Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bubble Tea Market Size and Volume Forecast by Application
9.4.1. 18-25 years old
9.4.2. 26-35 years old
9.4.3. 36-45 years old
9.4.4. Other Groups
9.4.5. The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bubble Tea Market Size and Volume Forecast by Type
9.7.1. Classic/Original
9.7.2. Fruit Flavored
9.7.3. Other Flavors
9.7.4. The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bubble Tea Demand Share Forecast, 2019-2026
10. Latin America Bubble Tea Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bubble Tea Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bubble Tea Market Size and Volume Forecast by Application
10.4.1. 18-25 years old
10.4.2. 26-35 years old
10.4.3. 36-45 years old
10.4.4. Other Groups
10.4.5. The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bubble Tea Market Size and Volume Forecast by Type
10.7.1. Classic/Original
10.7.2. Fruit Flavored
10.7.3. Other Flavors
10.7.4. The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bubble Tea Demand Share Forecast, 2019-2026
11. Europe Bubble Tea Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bubble Tea Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bubble Tea Market Size and Volume Forecast by Application
11.4.1. 18-25 years old
11.4.2. 26-35 years old
11.4.3. 36-45 years old
11.4.4. Other Groups
11.4.5. The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bubble Tea Market Size and Volume Forecast by Type
11.7.1. Classic/Original
11.7.2. Fruit Flavored
11.7.3. Other Flavors
11.7.4. The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bubble Tea Demand Share, 2019-2026
12. Asia Pacific Bubble Tea Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bubble Tea Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bubble Tea Market Size and Volume Forecast by Application
12.4.1. 18-25 years old
12.4.2. 26-35 years old
12.4.3. 36-45 years old
12.4.4. Other Groups
12.4.5. The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bubble Tea Market Size and Volume Forecast by Type
12.7.1. Classic/Original
12.7.2. Fruit Flavored
12.7.3. Other Flavors
12.7.4. The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bubble Tea Demand Share, 2019-2026
13. Middle East & Africa Bubble Tea Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bubble Tea Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bubble Tea Market Size and Volume Forecast by Application
13.4.1. 18-25 years old
13.4.2. 26-35 years old
13.4.3. 36-45 years old
13.4.4. Other Groups
13.4.5. The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bubble Tea Market Size and Volume Forecast by Type
13.7.1. Classic/Original
13.7.2. Fruit Flavored
13.7.3. Other Flavors
13.7.4. The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bubble Tea Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bubble Tea Market: Market Share Analysis
14.2. Bubble Tea Distributors and Customers
14.3. Bubble Tea Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kung Fu Tea
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gong Cha
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boba Guys
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chatime
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ShareTea
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. 8tea5
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Quickly
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CoCo Fresh
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ViVi Bubble Tea
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
