openPR Logo
Press release

Bubble Tea Market Growth, Industry Striking Revenue Forecast by 2027

Bubble Tea Market Growth, Industry Striking Revenue Forecast

The global bubble tea market growth is set to gain traction from its possession of numerous health benefits. Boba tea acts as an antioxidant. It is also preferred by health-conscious consumers owing to its low-fat and low-calorie content. Fortune Business Insights™ published this information in a new report, titled, "Bubble Tea Market Size, Share & Covid-19 Impact Analysis, By Type (Black Tea, Green Tea, Oolong Tea, and White Tea), Flavor (Original, Fruit, Chocolate, Coffee, and Others), and Regional Forecast, 2020 - 2027." The report further states that the market size was USD 2.02 billion in 2019 and is projected to reach USD 3.39 billion by the end of 2027, exhibiting a CAGR of 7.2% during the forecast period.

COVID-19 Pandemic to Affect Growth Backed by Surging Prices of Tea

The Indian Tea Association mentioned that on an average, the prices of tea surged by 25%-40% owing to the complete lockdown in the major tea growing countries amid COVID-19. Other reasons for this are the drop in crop size and the irregular movement of cargo. The outbreak of this pandemic has also caused several manufacturers to shut their factories down for maintaining social distancing and preventing transmission of the virus. Our reports are specially curated to help you understand the current situation.

Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/bubble-tea-market-101564

This Report Answers the Following Questions:

What are the significant trends driving the market?
What are the developments & innovations done by renowned companies?
What are the challenges, opportunities, drivers, and hindrances for the market?
Which are the new segments to focus in the coming years for prioritizing investments?
Drivers & Restraints

The emergence of New Flavors & Formulations to Drive Growth

Bubble tea is available in various flavors and types, such as black tea, jasmine, green tea, and fruit-flavored tea. The fruit-flavored ones are further segregated into sweetened fruit drink and cream drink. Consumers are provided with a wide range of products to choose from. To attract more consumers, prominent companies are introducing new formulations and flavors, as well as opening new outlets worldwide. These factors are set to aid the bubble tea market growth in the coming years. However, the increasing trend of consuming coffee in Western countries may hamper demand.

List of the Leading Companies Profiled in the Global Bubble Tea Market are:

Chatime Group (Taiwan, China)
Bubble Tea Supply Inc. (Hawaii, United States)
Gong Cha (Taiwan, China)
CoCo Fresh Tea & Juice (Taiwan, China)
Quickly (Taiwan, China)
Kung Fu Tea (New York City, United States)
Tiger Sugar Korea (Seoul, South Korea)
Boba Loca USA Inc. (United States)
Lollicup USA, Inc. (United States)
Happy Lemon (United Kingdom)
Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/bubble-tea-market-101564

Major Segment

Black Tea Segment to Grow Rapidly Fueled by Preference by Health-conscious Consumers

Based on type, the black tea segment held 41.70% in terms of bubble tea market share in 2019. This growth is attributable to their rising preference by health-conscious consumers across the globe. Consumers nowadays are inclining rapidly towards organic and natural beverages. It would also spur growth.

Regional Analysis

Increasing Sales in Taiwan & Vietnam to Augment Growth in Asia Pacific

Geographically, in 2019, Asia Pacific procured USD 823.90 million in terms of revenue. Bubble tea originally came from Taiwan. Later, it spread to the other countries of Asia Pacific. Taiwan and Vietnam would contribute to the maximum growth in this region because of the high rate of sales. North America, on the other hand, would hold the second-largest share because of the rising consumption of boba tea.

Competitive Landscape

Key Players Aim to Open New Outlets Worldwide to Cater to High Demand

Several manufacturers are investing extensively in opening new outlets globally. Some of the others are trying to enhance the flavors and functionality of these teas for meeting the surging demand from the consumers.

Below are the Two Latest Bubble Tea Industry Developments:

September 2020: BreadTalk, a multinational food and beverage corporation based in Singapore opened Charlie Tea at Takashimaya. The foundation of all beverages is based on three types of tea, namely, Red Phoenix, Mount Wu, and Green Jade.
September 2020: Chen Shucheng, a Singaporean veteran actor opened a new outlet of Meme Xpress, a Malaysian bubble tea brand in Singapore. It specializes in brown sugar and yoghurt-based beverages.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner -

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bubble Tea Market Growth, Industry Striking Revenue Forecast by 2027 here

News-ID: 2601729 • Views: 116

More Releases from Fortune Business Insights Pvt. Ltd

Offshore Drilling Market To Boom Industry Size: 2022, Growth Perspectives, Devel …
The global offshore drilling market size stood at USD 31.26 billion in 2018 and is projected to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. | 2022 Energy And Power Industry Global Analysis by Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2029 is latest study published by Fortune Business Insights. Request a
Essential Oils Market Development, Revenue, Future Growth and Forecast to 2029
The global essential oils market size is set to gain traction by reaching USD 18.25 billion by 2028 while exhibiting a CAGR of 9.57% in the forecast period. This information is given by Fortune Business Insights™ in its report, titled, "Essential oils Market, 2021-2028." The report further observes that the market stood at USD 8.74 billion in 2020. The rising trend of green consumerism and natural inputs for food preservation
Aerospace Additive Manufacturing Market Share, Size, Trend, Demand, Analysis by …
The global aerospace additive manufacturing market size is expected to grow substantially because of the rising demand for complex aircraft parts. The incorporation of the manufacturing technique is expected to facilitate market development. Fortune Business Insights™ mentions this information in its report titled "Aerospace Additive Manufacturing Market, 2021-2028." Aerospace additive manufacturing is a 3D printed aircraft component manufacturing technique that effectively produces customizable parts using lightweight and durable components. It reduces
Surveillance Radar Market Size, Analysis, Share, Research, Business Growth and F …
The global surveillance radar market is set to gain traction from the rising investments by the U.S. in the deployment of surveillance radar-based unmanned aerial vehicles (UAVs) for enhancing battlefield operations. This information is given by Fortune Business Insights™ in a new study, titled, “Surveillance Radar Market Size, Share & Industry Analysis, By Platform (Airborne, Ground, Naval, and Space), By Application (Commercial, Military, Homeland Security, Others), By Radar Type (Short

All 5 Releases


More Releases for Tea

Black Tea Market to see Huge Growth by 2026: Barrys Tea, Tea Leaves AUST, TWG Te …
The "Black Tea - Market Development Scenario " Study has been added to HTF MI database. The study envisage qualitative as well as quantitative market data and follows Industry benchmark classification and NAICS standards to built strong players coverage for final study. Some of the major and emerging players identified are Barrys Tea, Tea Leaves AUST Pty Ltd, TWG Tea, Basilur Tea, The Republic of Tea, Yogi Tea, ITO EN
Bubble Tea Market
https://www.qandqmarketresearch.com/reports/7404101/bubble-tea-market-1 The global Bubble Tea market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Bubble Tea volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bubble Tea market size by analyzing historical data and future prospect. Regionally, this report focuses on
Canned Tea Market
https://www.qandqmarketresearch.com/reports/7304730/canned-tea-market-106 Canned tea is a relatively recent method of marketing tea which has been sold traditionally as leaf tea and also, for the last 100 years, in tea bag form. It utilises the canning process to produce a ready made drink. Perceived advantages are ease of use minimal or no preparation time and the possibility of additives such as flavours or sugar; the disadvantages are the cost of shipment and therefore
Organic Tea Market Is Booming Worldwide | Bigelow Green Tea, Dilmah Organic Tea, …
HTF MI recently introduced Global Organic Tea Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Bigelow Green Tea, Dilmah Organic Tea, EDEN, Coconut Pouchong Tea, Allegro
Slimming Tea , Slimming Tea Market, Slimming Tea Market Trend, Slimming Tea Mark …
Global Slimming Tea Market WiseGuyRerports.com Presents “Global Slimming Tea Market 2018-2022” New Document to its Studies Database. The Report Contain 130 Pages With Detailed Analysis. Description Slimming tea is used to manage or lose body weight owing to the presence of high contents of antioxidants in it. Slimming teas are available in several types such as green tea, herbal tea, and other teas such as oolong tea, white tea, organic tea, and flavored
Slimming Tea, Health Choices Grow Tea Market
The report covers all the crucial elements of the market and presents quantitative and qualitative information about these elements on a global as well as regional level. The report is titled “Global Slimming Tea Market 2018-2022”. Slimming tea is used to manage or lose body weight owing to the presence of high contents of antioxidants in it. Slimming teas are available in several types such as green tea, herbal tea, and other