Bubble Tea Market is Expected to Grow at a Healthy CAGR with Top players

Bubble Tea is also popular by the names boba milk tea, tapioca tea, pearl milk tea, boba tea, bubble drink, tapioca pearl drink, momi tea, QQ, and milk tea. Bubble tea was invented as tea-based drink in Taichung, Taiwan’s tea shops in 1980s. Bubble tea drinks contain a tea based mixed with milk and fruit flavor. The taste of bubble tea comes from the small chewy tapioca balls known as boba, pearls, the chewy balls, or zhen zhu.

The tea is made from various flavors and in variety of ways, which has evolved over the decades. There are many different recipes of each tea shop that makes them stand out from the rest. The ingredients of bubble tea includes fresh fruits, syrup, milk, cream, shaved ice, black tea, soy milk, and green jasmine tea. Increasing disposable income and changing taste presences of consumers is predicted to boost the demand for bubble tea over the approaching years.

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The global bubble tea market was valued at US$ 2,013.2 Mn in 2018, and is expected to register a CAGR of 5.1%, in terms of revenue over the forecast period (2019-2027), to reach US$ 3,122.4 Mn by 2027.

Major players operating in the global bubble tea market are Teapioca Lounge, OCOCO International Co., Ltd., Kung Fu Tea, Lollicup Coffee & Tea, Vivi Bubble Tea, Chatime, Boba Guys, Chill Bubble Tea, Boba Tea Company, and Real Fruit Bubble Tea.

Detailed Segmentation:

• Global Bubble Tea Market, By Tea Type:
o Black Tea
o Green Tea
o White Tea
o Oolong Tea
o Others

• Global Bubble Tea Market, By Flavor Type:
o Flavored
o Original

• Global Bubble Tea Market, By Boba Type:
o Black Boba
o Clear Boba
o Flavored Tapioca Boba
o Others

• Global Bubble Tea Market, By End User:
o Kids (Less Than Age 10)
o Teenagers (Age 10 –Age 17)
o Adults (More than Age 17)

Reasons for purchasing this Report:

- Insightful information regarding the Bubble Tea Market
- Identification of growth in various segments and sub-segments
- Strategic recommendations for investment opportunities
- Complete and distinct analysis of the market drivers and restraints
- The market study includes Market valuations and forecast for the upcoming years
- Accelerates the decision-making process through the availability of the drivers and limitations

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