Bubble Tea Market Predicted to Grow Expeditiously: to Surpass $6.27 Billion During 2024-2032

The global bubble tea market size is expected to reach USD 6.27 billion by 2032, according to a new study by Polaris Market Research. The report "Bubble Tea Market Share, Size, Trends, Industry Analysis Report, By Flavor (Original Flavor, Coffee Flavor, Fruit Flavor, Chocolate Flavor, and Others); By Base Ingredient; By Component; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Bubble Tea, typically called pearl milk tea or boba milk tea, is a chilled, foamy drink produced with a base of tea shaken with sweeteners, flavors, and/or milk, with tapioca pearls at the base. It is a Taiwanese tea-based beverage that originated in Taichung (Taiwan) in the 1980s. This tea is typically blended with milk or fruit and comes with other toppings or chewy tapioca balls.

𝗚𝗲𝘁 𝗮 𝗙𝗥𝗘𝗘 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗕𝘂𝗯𝗯𝗹𝗲 𝗧𝗲𝗮 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 @ https://www.polarismarketresearch.com/industry-analysis/bubble-tea-market/request-for-sample

Bubble tea typically starts with a base of brewed tea, which can be black, green, oolong, or even fruit-flavored tea. The tea is often sweetened with sugar or flavored syrups to taste. Milk or non-dairy milk alternatives, such as almond milk or soy milk, are added to create a creamy texture.
One of the defining features of bubble tea is the addition of tapioca pearls. These small, black, marble-sized balls are made from tapioca starch extracted from the cassava root. They are cooked until soft and chewy, then sweetened with a sugar syrup. Tapioca pearls are added to the bottom of the cup before pouring in the tea mixture.

Fundamental Stats

The market was valued at USD 2.94 billion in 2023 and is expected to grow to USD 6.27 billion by 2032.
The bubble tea market is anticipated to grow at a CAGR of 8.8% during the forecast period of 2024-2032.
In 2023, North America conquered the market. Also, Asia Pacific is expected to witness a major growth rate.

Here is the list of some of the prominent players in the market covered by the report:
• Boba Box Limited
• Bubble Tea House Company
• Chatime Group
• Coca Fresh Tea & Juice
• Cuppo Tee Company Limited
• Gong Cha
• K.O.I. The Co, Ltd.
• KF Tea Franchising LLC
• Lollicup USA Inc.
• Quickly
• Tbaar Inc.
• TIGER SUGAR
• Xing Fu Tang
• Yummy Town
𝗕𝘂𝘆 𝘁𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 @https://www.polarismarketresearch.com/buy/3711/2

Market Segmentation

By flavor analysis, the chocolate flavor sector witnesses the highest growth. The rise in demand for drinks with chocolate flavors among all age groups can be attributed to two factors: people's growing knowledge of the health advantages of dark chocolate and cocoa and their excellent taste and texture. Furthermore, the component analysis indicates that the liquid category will expand at the fastest rate. It is accelerated by the expanding range of liquid flavors and syrups that are available, as well as the growing propensity and preference of consumers towards liquid alternatives since they enable customization and creativity to produce new flavors in response to dietary preferences and requirements of customers.
Bubble Tea Market Report Highlights

Fruit flavor segment accounted for the largest share, owing to growing consumption of flavored bubble tea due to its numerous health benefits
Black tea segment held the largest share, as it is used in improving people's health by reducing sugar level and bad cholesterol
Liquid segment will grow at highest growth rate, due to growing need and preference for liquid syrups and flavor bubble tea worldwide
North America dominated the global market, on account of region's high spending capacity of such healthy beverages and greater awareness about its health benefits
The key market players include Cuppo tea Company Limited, Chatime Group, Bubble Tea House Company, Boba Box Limited, Quickly, and KF Tea Furnishing

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 :https://www.polarismarketresearch.com/industry-analysis/bubble-tea-market

Polaris Market Research has segmented the bubble tea market report based on flavor, base ingredient, component, and region:
Bubble Tea, Flavor Outlook (Revenue - USD Billion, 2019 - 2032)
Original Flavor
Coffee Flavor
Fruit Flavor
Chocolate Flavor
Others
Bubble Tea, Base Ingredient Outlook (Revenue - USD Billion, 2019 - 2032)
Black Tea
Green Tea
Oolong Tea
White Tea
Bubble Tea, Component Outlook (Revenue - USD Billion, 2019 - 2032)
Flavor
Creamer
Sweetener
Liquid
Tapioca
Pearls
Others
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