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Global Bubble Tea Market to reach USD 3864.2 Million by 2025.Global Bubble Tea Market valued approximately USD 1945.6 Million in 2016 is anticipated to grow with a healthy growth rate of more than 8.5 % over the forecast period 2018-2025.
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It has witnessed a high growth in recent years, owing to the increased popularity of bubble tea amongst the millennials. Bubble tea, or ‘boba’, was first introduced in the 1980s in Taiwan. Its main ingredient, which distinguishes it from other types of tea, is the soft, chewy tapioca balls. It comes in more than 250 flavors, and it is being sold by all types of vendors, street-side food stalls and malls alike.
Bubble tea has recently gained popularity in countries all over the world due to Instagram influencers and their trend of trying out new food and drinks. It has given a huge opportunity to manufacturers to come up with new flavors of this drink, which has proven to be cost-effective, and a healthy, delicious alternative to carbonated drinks. Its main base ingredient is tea, which is further divided into black, green, oolong, and white tea. Among these, green tea is estimated to have the most profitable market share. On the basis of flavors, it is subdivided into the original tea flavor, coffee, fruit, chocolate, etc. The highest predictable growth on the basis of taste is that of fruit-flavored boba, as it provides a wide range of flavors to choose from, and has a higher nutritional value. The chocolate flavored bubble tea is also expected to have a significant growth in the market, due to the numerous variations in flavor that can be achieved with chocolate.
The bubble tea market has been popular in Asian countries for a long time. It has high nutritional value and many health benefits, like reduced cholesterol, weight loss, and increased metabolism. However, the presence of artificial preservatives and excess sugar are the major restraints faced by this market. In the Asia Pacific region, China is the largest consumer of bubble tea. In 2017, North America and the Asia Pacific dominated the global bubble tea market, accounting for more than 80% of the global market share. Europe is expected to have the highest growth rate during the forecast period, followed by the Asia Pacific region.
The detailed segments and sub-segment of the market are explained below:
By End User
o Kids (<10 years)
o Teenagers (<25 years)
o Adults
By Type:
o Original Bubble tea
o Fruit flavored Bubble tea
o Others
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
• Historical year – 2015, 2016
• Base year – 2017
• Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include:-
• Lollicup USA
• CuppoTee Company
• Bubble Tea House Company
• Ten Ren's Tea Time.
• Boba Box Limited.
• Sumos Sdn Bhd.
• Gong Cha USA
• Boba Tea Company
• Troika JC. (Qbubble).
• Fokus Inc.
• Kung Fu Tea
• Boba Guys Inc
• Chatime
• ShareTea
• Kuaikeli Enterprise Co., Ltd. (Quickly)
• 8tea5
• COCO International Co., Ltd.
• Vivi Bubble and so on.
Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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Major Point from Table of Content:
Chapter 1. Global Bubble Tea Market Definition and Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Global Bubble Tea Market Dynamics
Chapter 5. Global Bubble Tea Market, By End User
Chapter 6. Global Bubble Tea Market, By Type
Chapter 7. Global Bubble Tea Market, by Regional Analysis
Chapter 8. Competitive Intelligence
8.1. Company Market Share (Subject to Data Availability)
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Lollicup USA Inc.
8.3.1.1. Overview
8.3.1.2. Financial (Subject to Data Availability)
8.3.1.3. Product Summary
8.3.1.4. Recent Developments
8.3.2. CuppoTee Company
8.3.3. Bubble Tea House Company
8.3.4. Ten Ren's Tea Time.
8.3.5. Boba Box Limited.
8.3.6. Sumos Sdn Bhd.
8.3.7. Gong Cha USA
8.3.8. Boba Tea Company
8.3.9. Troika JC. (Qbubble).
8.3.10. Fokus Inc.
8.3.11. Kung Fu Tea
8.3.12. Boba Guys Inc
8.3.13. Chatime
8.3.14. ShareTea
8.3.15. Kuaikeli Enterprise Co., Ltd. (Quickly)
8.3.16. 8tea5
8.3.17. COCO International Co., Ltd.
8.3.18. Vivi Bubble
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