Market Overview:
The global bubble tea chain market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bubble tea across the globe. In terms of type, the hand-cranking segment is expected to dominate the global bubble tea chain market during the forecast period. This can be attributed to its low cost and easy operability as compared to electric-cranking machines. In terms of application, children are expected to dominate the global bubble tea chain market during the forecast period owing to their growing demand for flavored and healthy drinks.
Product Definition:
A Bubble Tea Chain is a business that specializes in selling bubble tea. The importance of Bubble Tea Chains is that they provide a convenient and affordable way for people to purchase bubble tea.
Hand-cranking:
Hand-cranking is the process of manually operating a machine to make drinks, especially tea or coffee. The technique is mostly used in restaurants and food stands where there are not enough electric motors for making drinks by using an automated mechanism. In such cases, hand-cranking machines are employed to provide quick service to customers.
The global market size was valued at USD 2 billion in 2015.
Electric-cranking:
Electric-cranking is the process of using an electric motor to create mechanical energy through the rotation of a shaft. The mechanical energy is then used to operate various equipment such as serving machines and cooking devices in order to make tea or coffee. In this process, there are no heat sources other than hot water which comes from the faucet attached with an electric kettle.
The concept behind electric-cranking was originated in Japan.
Application Insights:
The children segment held the largest market share of over 50% in 2017. The rising number of working parents and the need for convenient food products that can be consumed on-the-go are some of the major factors driving demand for bubble tea across this demographic. Furthermore, increasing spending by parents to provide better education and healthcare facilities to their children is expected to further drive demand from this segment.
The younger generation or millennials are projected to remain one of the key consumers as they prefer new age appropriate beverages such as matcha tea over traditional coffee and black tea drinks. Moreover, consumption patterns among millennials have changed significantly due to their hectic work schedules leading them consume more energy drinks compared with baby boomers who drink more conventional soft drinks such as Coca-Cola or PepsiCo.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period. The region accounted for a share of more than 50% in 2017 owing to increasing demand from countries, such as Japan and China. In addition, growing health awareness among consumers is anticipated to fuel product demand in APAC over the forecast period.
North America also held a significant share of global Bubble Tea Market due to high consumer preference for healthy beverages along with their affordability coupled with easy availability of flavors and types at almost every convenience store across U.S., Canada, and Mexico. Moreover, rising obesity problems among adults will further boost regional growth during the forecast years due to shifting consumer focus towards healthy drinks that are low calorie but rich in nutrition content as well as being inexpensive compared to other drinks on account of less amount used per serving size (8-ounce or 240 mL).
Growth Factors:
- Increasing demand for bubble tea from young adults and teenagers.
- Growing popularity of bubble tea among the health-conscious population.
- Rising number of Bubble Tea Chain outlets across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bubble Tea Chain Market Research Report
By Type
Hand-cranking, Electric-cranking
By Application
Children, Younger, Adult
By Companies
Gong Cha, CoCo Fresh, Boba Time, Chatime, ShareTea, 8tea5, Hey Tea, Happylemon, Yi Dian Dian
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Bubble Tea Chain Market Report Segments:
The global Bubble Tea Chain market is segmented on the basis of:
Types
Hand-cranking, Electric-cranking
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
Children, Younger, Adult
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:
- Gong Cha
- CoCo Fresh
- Boba Time
- Chatime
- ShareTea
- 8tea5
- Hey Tea
- Happylemon
- Yi Dian Dian
Highlights of The Bubble Tea Chain 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:
- Hand-cranking
- Electric-cranking
- By Application:
- Children
- Younger
- Adult
- 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 Chain 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 Chain is a Taiwanese tea chain with over 1,000 stores across Taiwan. Bubble Tea Chain specializes in bubble tea, which is a type of iced tea that typically contains sweetened condensed milk and flavoring.
Some of the major companies in the bubble tea chain market are Gong Cha, CoCo Fresh, Boba Time, Chatime, ShareTea, 8tea5, Hey Tea, Happylemon, Yi Dian Dian.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bubble Tea Chain Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bubble Tea Chain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bubble Tea Chain Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bubble Tea Chain Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bubble Tea Chain Market Size & Forecast, 2018-2028
4.5.1 Bubble Tea Chain Market Size and Y-o-Y Growth
4.5.2 Bubble Tea Chain Market Absolute $ Opportunity
Chapter 5 Global Bubble Tea Chain Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bubble Tea Chain Market Size Forecast by Type
5.2.1 Hand-cranking
5.2.2 Electric-cranking
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bubble Tea Chain Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bubble Tea Chain Market Size Forecast by Applications
6.2.1 Children
6.2.2 Younger
6.2.3 Adult
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bubble Tea Chain Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bubble Tea Chain Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bubble Tea Chain Analysis and Forecast
9.1 Introduction
9.2 North America Bubble Tea Chain Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bubble Tea Chain Market Size Forecast by Type
9.6.1 Hand-cranking
9.6.2 Electric-cranking
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bubble Tea Chain Market Size Forecast by Applications
9.10.1 Children
9.10.2 Younger
9.10.3 Adult
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bubble Tea Chain Analysis and Forecast
10.1 Introduction
10.2 Europe Bubble Tea Chain Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bubble Tea Chain Market Size Forecast by Type
10.6.1 Hand-cranking
10.6.2 Electric-cranking
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bubble Tea Chain Market Size Forecast by Applications
10.10.1 Children
10.10.2 Younger
10.10.3 Adult
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bubble Tea Chain Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bubble Tea Chain Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bubble Tea Chain Market Size Forecast by Type
11.6.1 Hand-cranking
11.6.2 Electric-cranking
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bubble Tea Chain Market Size Forecast by Applications
11.10.1 Children
11.10.2 Younger
11.10.3 Adult
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bubble Tea Chain Analysis and Forecast
12.1 Introduction
12.2 Latin America Bubble Tea Chain Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bubble Tea Chain Market Size Forecast by Type
12.6.1 Hand-cranking
12.6.2 Electric-cranking
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bubble Tea Chain Market Size Forecast by Applications
12.10.1 Children
12.10.2 Younger
12.10.3 Adult
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bubble Tea Chain Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bubble Tea Chain Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bubble Tea Chain Market Size Forecast by Type
13.6.1 Hand-cranking
13.6.2 Electric-cranking
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bubble Tea Chain Market Size Forecast by Applications
13.10.1 Children
13.10.2 Younger
13.10.3 Adult
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bubble Tea Chain Market: Competitive Dashboard
14.2 Global Bubble Tea Chain Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gong Cha
14.3.2 CoCo Fresh
14.3.3 Boba Time
14.3.4 Chatime
14.3.5 ShareTea
14.3.6 8tea5
14.3.7 Hey Tea
14.3.8 Happylemon
14.3.9 Yi Dian Dian
