Bubble Tea Market Booms: $5.4B Forecast by 2032, Driven by Health Trends and Innovative Flavors

Bubble Tea Market Surges: Projected to Reach $5.4 Billion by 2032, Fueled by Health-Conscious Trends and Diverse Flavor Innovations.

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, November 22, 2023 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Bubble Tea Market," The Bubble Tea Market Size was valued at $3 billion in 2022, and is estimated to reach $5.4 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.

𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 @ https://www.alliedmarketresearch.com/request-sample/3194

The global bubble tea market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecast period. This is attributed to the growth in health awareness and rise in adoption of bubble tea, owing to its health benefits and popularity among health-conscious consumers and young generation. Availability of bubble tea at lower prices and introduction of additional healthy ingredients in it by different market players drive the global bubble tea market growth. In addition, rise in number of vegan people helps to drive the growth of the market. However, excess sugar content in these drinks leads to health issues and trend of coffee consumption is expected to restrict the market growth. In addition, due to the presence of artificial preservatives in bubble tea, consumers have changed their preference toward organic beverages, which hampers the growth of the global bubble tea market. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for market expansion.

The key players operating in the Bubble Tea Industryinclude Lollicup USA, Inc., 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), and Fokus Inc.

The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 @ https://www.alliedmarketresearch.com/purchase-enquiry/3194

»» 𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬

1. This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bubble tea market analysis from 2022 to 2032 to identify the prevailing bubble tea market opportunities.

2. The market research is offered along with information related to key drivers, restraints, and opportunities.

3. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

4. In-depth analysis of the bubble tea market segmentation assists to determine the prevailing market opportunities.

5. Major countries in each region are mapped according to their revenue contribution to the global market.

6. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

7. The report includes the analysis of the regional as well as global bubble tea market trends, key players, market segments, application areas, and market growth strategies.

The bubble tea market is segmented on the basis of base ingredient, flavor, component, and region. On the basis of base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. On the basis of component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 @ https://www.alliedmarketresearch.com/request-for-customization/3194

Consumers all around the world have become very conscious about their health and body image. They look for viable alternatives to unhealthy food and beverages. Bubble tea is a healthy beverage with a number of benefits such as it helps to protect the body against free radicals that cause cellular damage. Moreover, it is available in different taste and is quite a novel drink outside of southeast Asian countries which boost its attractiveness as a product.

According to the bubble tea market analysis, in 2022, the black tea segment generated the highest revenue and is expected to remain dominant during the forecast period. This is attributed to rise in the popularity of bubble tea with black tea as the base ingredient across the globe. However, the green tea segment is expected to grow at the highest CAGR during the Bubble Tea Market Forecast period owing to growth in number of health-conscious consumers across the globe.

On the basis of flavor, the fruit flavor segment was the most prominent segment accounting for the highest Bubble Tea Market Share. This is attributed to change in preference of consumers toward healthy beverages and better taste. However, the chocolate flavor segment is expected to witness highest growth, owing to increase in its popularity of in all age groups.

On the basis of component, the liquid component segment generated maximum revenue in 2019 and is expected to continue this Bubble Tea Market Trends throughout the forecast period. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. However, the sweeteners segment is expected to grow at the highest CAGR during the forecast period, owing to availability of organic sweeteners such as honey-based sweeteners for bubble teas.

𝐁𝐔𝐘 𝐍𝐎𝐖 @ https://www.alliedmarketresearch.com/checkout-final/16d831bffaca4287e4c640f54273bce5

On the basis of region, North America accounted for the maximum share in the global market in 2022 and is expected to remain dominant during the forecast period. This is attributed to higher expenditure of consumers on healthy beverages. Moreover, aggressive marketing and celebrity brand endorsements for various flavors of bubble tea help push sales in this region. However, Europe is expected to grow with the highest CAGR throughout the forecast period and is thus likely to bring myraid Bubble Tea Market Opportunities, owing to changes in the buying behavior of people and rise in awareness of bubble tea in this region.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

1. Maize Flour Market: Global Opportunity Analysis and Industry Forecast 2021–2030
2. Sorghum and Sorghum Seeds Market: Global Opportunity Analysis and Industry Forecast 2020–2030

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn