Bubble Tea Market Research Report
Growth opportunities in the Bubble Tea Market look promising
over the next six years. This is mainly due to the ongoing extension in the
product portfolio, market strategies to attract customers, and low cost.
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Bubble Tea Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The major drivers contributing to the growth of the global bubble
tea market include their several health advantages, accessibility in
different flavors, and the augmenting consumption of tea and coffee as a
nootropic drink by students and the working-class population. Also, the
increasing inclination towards fitness and wellness has raised the demand for
zero fat and low-calorie products, which has further strengthened the bubble
tea market size. In addition, the mounting prominence of several kinds of hot
drinks is fuelling the market share. The economical price and the instantaneous
switch of the tea lovers' from traditional to flavored teas have stimulated the
market growth. However, the availability of several alternative drinks such as
coffee and side effects after the consumption of excess tea and added
artificial colors will hinder the market growth.
Type Segment
Drivers
Based on the type, black tea is projected to dominate the
market during the forecast period. This is primarily attributed to its
authentic and organic flavor. Moreover, the drink helps decrease the blood
sugar level, bad cholesterol and enhance gut health. It is also an excellent
source of antioxidants. On the other hand, green tea is predicted to expand at
a faster CAGR over the forecast period. This is because of the expanding
awareness about the health benefits associated with its consumption.
Regional
Drivers
Based on the regional coverage, Asia Pacific is forecasted
to witness a faster CAGR during the forecast period. The tea was first served
and launched in Taiwan. Thailand accounts to be the major consumers, and in
accordance with the ASEAN Post, in December 2019, the average consumption of
bubble tea in the country was nearly six cups per person per month. On the
other edge, Europe is expected to lead the market during the forecast period
owing to aggravating demand for healthy hot beverages. U.K., Germany, and Italy
are some of the prominent market contributors, and their robust prevalence will
bolster the market growth.
Bubble
Tea Market’s leading Manufacturers:
·
Fokus Inc.
·
Lollicup USA Inc.
·
Gong Cha USA
·
Ten Ren’s Tea Time
·
Bubble Tea House Company
·
Sumo’s (M) Sdn Bhd
·
Tazo Bubble Tea Company
·
Boba Box Limited
·
CuppoTee Company
·
Bubble Tea House Company
Bubble Tea Market Segmentation:
Segmentation by Type
•
Green tea
•
Black tea
•
Oolong tea
•
White tea
Segmentation by Flavor Type
•
Original
•
Chocolate
•
Fruit
•
Coffee
•
Others
Segmentation by Point of Sales
•
Online
•
Retail stores
•
Supermarkets
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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