Press release
Bubble Tea Market Growth: Unraveling the Future Trends, Key Players, and Market Size Estimations From 2024 - 2029
Bubble Tea Market
What Is The Projected Market Size Of The Global Bubble Tea Market And Its Growth Rate?
• Market Size in 2024: $3.12 billion
• Market Size in 2025: $3.37 billion (CAGR of 7.9%)
• Projected Market Size in 2029: $4.71 billion (CAGR of 8.7%)
The market growth is attributed to factors like cultural influence, celebrity endorsements, menu diversification, sustainability initiatives, and the growing health-conscious consumer base among others.
What Is Driving The Growth In The Bubble Tea Market?
The growth in the bubble tea market is primarily driven by the increase in tea consumption globally. This surge in consumption owes its gratitude to the numerous health advantages of tea and the adaptable nature of its flavors and types. Bubble tea, a unique and refreshing beverage, has notably grabbed the consumer's interest, propelling the market's growth. The emergence of specialty tea shops and an easy online ordering system have further increased consumer access to bubble tea. For instance, in 2022, the value of US tea imports, including flavored and unflavored varieties, reached $508 million, a significant increase from $131 million three decades ago. Such a rise in tea consumption is expected to drive the bubble tea market.
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Who Are the Key Players Driving Bubble Tea Market Growth?
• Lollicup Inc.
• CuppoTee Company
• Bubble Tea House Company
• Ten Ren's Tea Co. Ltd.
• Boba Box Limited
• Sumos Sdn Bhd
• Troika JC.
• Fokus Inc.
• Tea Time
• Kuaikeli Enterprise Co. Ltd.
• COCO International Co. Ltd.
• Kung Fu Tea
• Gong Cha
• Kevito Ltd.
• Qbubble Troika J C Inc.
• Biju Bubble Tea
• Bubbleology
• Chatime
• Comebuy
• Ding Tea
• Fanale Drinks
• Happy Lemon
• Heytea
• Koi Thé
• Nayuki
• OneZo
• Presotea
• Quickly
• Royaltea
• Sharetea
• The Alley
• The Tea Terrace
• The Whale Tea
What Are The Key Trends In The Bubble Tea Market?
• Specialty and limited-edition offerings
• Health and wellness focus
• Customization and personalization
• Sustainability initiatives
• Fusion and experimentation
What Are The Segments Of The Global Bubble Tea Market?
• By Type: Black Tea, Green Tea, Oolong Tea, White Tea, Other Types
• By Flavor: Original, Fruit, Coffee, Chocolate, Other Flavors
• By Component: Flavor, Creamer, Sweetener, Liquid, Tapioca Pearls, Other Components
Which Region Leads The Bubble Tea Market?
Asia-Pacific was the largest region in the bubble tea market in 2024 and is expected to continue leading in the forecast period. The regions covered in the bubble tea market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Bubble Tea Market Global Market Report?
- Market Size Analysis: Analyze the Bubble Tea Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bubble Tea Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bubble Tea Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bubble Tea Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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