Australia Bubble Tea Market Size to be Worth US$ 131.99 Million by 2032, at a CAGR of 9.7% | Polaris Market Research, Inc.

New York, April 01, 2024 (Polaris Market Research)"Australia Bubble Tea Market by Product (White Tea, Green Tea, Oolong Tea and Black Tea), Flavor (Coffee, Fruit, Taro, Classic, Strawberry) - Forecast to 2032" the market size for Australia bubble tea is projected to increase from USD 58.71 Million in 2023 to USD 131.99 Million by 2032, exhibiting a CAGR of 9.7% during the forecast period.

Bubble tea, also known as pearl milk tea or boba tea, is a tea-based drink that first appeared in Asia in the 1980s. The blend then made its way to the US and other parts of the world in the 1990s. Bubble tea is made by blending tea with fruit, milk, and fruit juices. The tasty tapioca balls or pearls are then added as a topping to drink.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/press-releases/australia-bubble-tea-market

Along with the tapioca balls, the topping of bubble tea can take the form of grass jelly, aloe vera, red bean, and popping boba. Bubble tea is known for its unique taste and edible experience. Also, the wide variety of flavors and toppings means boba tea caters to diverse tastes and preferences.

The rising demand for tea and coffee-based drinks is one of the major factors driving the Australia bubble tea market growth. Besides, the availability of a wide range of flavors tailored to specific consumer preferences is supporting the development of the market.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The market for bubble tea in Australia is anticipated to witness competition owing to the presence of several key players. A few prominent players operating in the market are:

• BubbleTea Australia
• Chaffic
• Chatime
• Gong Cha
• Palgong
• ShareTea
• T BUN International
• Ten Ren Tea Co. Ltd
• UTOPIA
• Xing Fu Tang

𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

• The growing demand for exotic and unique flavors and rising partnerships to gain consumer insights are some of the major factors propelling the market expansion in the coming years.

• The green tea segment is projected to witness the fastest CAGR over the forecast period.

• The market analysis is mainly based on product and flavor.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3703/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

• White Tea
• Green Tea
• Oolong Tea
• Black Tea

𝐁𝐲 𝐅𝐥𝐚𝐯𝐨𝐮𝐫

• Coffee
• Fruit
• Taro
• Classic
• Strawberry
• Others

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/australia-bubble-tea-market

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐁𝐮𝐛𝐛𝐥𝐞 𝐓𝐞𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• The black tea segment dominated the market in 2023, driven by its natural and authentic flavor. It also offers health benefits, such as reducing blood glucose levels and bad cholesterol.

• The fruit segment led the market in 2023 and is expected to maintain its dominance because fruits provide both diversity and nourishment.

• The Australian key market players include Gong Cha, T BUN International, Chatime, Ten Ren Tea Co. Ltd, ShareTea, Chaffic, BubbleTea Australia, Palgong, UTOPIA, and Xing Fu Tang.

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐋𝐢𝐠𝐡𝐭𝐰𝐞𝐢𝐠𝐡𝐭 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3425569/automotive-lightweight-material-market-2024-industry

𝐂-𝐑𝐞𝐚𝐜𝐭𝐢𝐯𝐞 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3425575/c-reactive-protein-testing-market-size-overview-business

𝐁𝐚𝐤𝐢𝐧𝐠 𝐄𝐧𝐳𝐲𝐦𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3425589/baking-enzymes-market-2024-industry-size-growth-revenue

𝐌𝐞𝐚𝐭 𝐒𝐮𝐛𝐬𝐭𝐢𝐭𝐮𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3425594/meat-substitutes-market-by-top-manufacturers-with-production

𝐑𝐮𝐛𝐛𝐞𝐫 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3425603/rubber-processing-chemicals-market-2024-industry-analysis

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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