Current and Future Growth of Bubble Tea Market Forecast2023

Category: Others/ Misc

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The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.


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Bubble Tea Market Projected to Reach 3214 Million by 2023 According to a new report published by Allied Market Research titled Bubble Tea Market by Base Ingredient Flavor and Component: Global Opportunity Analysis and Industry Forecast 2017-2023 the global bubble tea market was valued at 1957 million in 2016 and is projected to reach 3214 million by 2023 growing at a CAGR of 7.40 from 2017 to 2023. The black bubble tea segment accounted for more than 42 share of the global bubble tea market in 2016. Bubble tea is a widely consumed flavored beverage containing tea as the basic component along with chewy tapioca balls. It originated in Taiwan and is known by various names such as pearl milk tea bubble milk tea boba juice boba tea or simply bubble tea. The bubble tea market is driven by cost-effective price and health benefits associated with bubble tea. However the addition of artificial preservatives color and presence of excess sugar in bubble tea restrain the market growth. The introduction of new flavors of bubble tea and decreases in demand for carbonated drinks provide opportunities for market expansion. Access Full Summary at : By base ingredient the global bubble tea market is divided into black tea green tea oolong tea and white tea. The green bubble tea segment is estimated to be the most lucrative segment from 2017 to 2023 and account for one-third share of the global bubble tea by 2023. This is attributable to its several health benefits such as prevention cancer and cardiovascular diseases reduction of cholesterol improved metabolism weight loss and reduced risk of type II diabetes as well as Alzheimers Parkinsons diseases. Based on flavor the global bubble tea market is divided into original flavor coffee flavor fruit flavor chocolate flavor and others. The fruit flavor bubble tea segment is estimated to grow at the highest CAGR during the forecast period owing to high consumer preference diversity in fruit flavor and higher nutritional value as compared to other flavors. Based on component the global bubble tea market is divided into flavor creamer sweetener liquid tapioca pearls and others. Liquid component is expected to dominate the bubble tea market throughout the forecast period as liquid is the base of the bubble tea. The major part of the liquid is the tea which is the key ingredient in the manufacturing of bubble tea. Download Sample Copy/TOC: Key Findings of the Bubble Tea Market:  The green bubble tea is expected to grow at a high CAGR of 8.20 in terms of value from 2017 to 2023.  The chocolate flavor is projected to grow at a high CAGR of 8.20 in terms of value.  Europe is expected to grow at the highest CAGR of 9.10 in terms of value.  The North American bubble tea accounted for more than 57 of the global market in 2016.

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 U.S. accounted for more than 97 of the North American market in 2016. In 2016 North America and Asia-Pacific collectively accounted for more than 83 of the global bubble tea industry in terms of value. This is due to the rapid gain in popularity of the bubble tea in these regions and its lower price. Europe is projected to grow at the highest rate followed by Asia-Pacific owing to increase in health benefits offered by consumption of bubble tea. The major companies profiled in this report are Lollicup USA Inc. CuppoTee Company Bubble Tea House Company Ten Rens Tea Time Boba Box Limited Sumos Sdn Bhd Gong Cha USA Boba Tea Company Troika JC. Qbubble and Fokus Inc. Send Inquiry Before Buying Here: enquiry/3194 About Us: Allied Market Research a market research and advisory company of Allied Analytics LLP provides business insights and market research reports to large as well as small medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors such as strategies future estimations growth or fall forecasting opportunity analysis and consumer surveys among others. As follows the company offers consistent business intelligent support to aid the clients to turn into prominent business firm. Contact: David Correa 5933 NE Win Sivers Drive 205 Portland OR 97220 United States Toll Free USA/Canada: +1-800-792-5285 +1-503-894-6022 +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India Pune: +91-20-66346060 Fax: +1 ⟨855 ⟩550-5975 Web:

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