As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Bubble Tea Market: By Type: Black, Green, Oolong, White; By Flavour: Original, Fruit, Coffee, Chocolate, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Price Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Bubble Tea Market Outlook

The global bubble tea market reached a value of almost USD 2.4 billion in the year 2020. The industry is further expected to grow at a CAGR of 7.5% between 2021 and 2026 to reach a value of almost USD 3.6 billion by 2026.

 

Global Bubble Tea Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The global bubble tea market is expected to witness a heathy growth in the forecast period aided by its increasing penetration across the globe. The Asia Pacific is the leading regional market for bubble tea. Within Asia, countries like Taiwan, People's Republic of China, Hong Kong, South Korea, the Philippines, and Singapore are the major market for the beverage. Taiwan is a significant market in the region as the beverage was designed in the country in the 1980s. The market for the drink is also growing in Asian countries like Malaysia and Vietnam. Other emerging markets of bubble tea are Europe and North America, with the UK and the US being the significant markets for the drink in these regions, respectively.

The overall increase in tea production and consumption is expected to aid the growth of the bubble tea market. Between 2007 and 2016, the tea output witnessed an annual growth of 4.4%, with China contributing significantly to the growth. The growth of the tea industry in China in the ten-year period was aided by the growth of its economy and a robust rise in its domestic consumption. In 2016, the country accounted for over 40% of the global tea output. The consumption of tea is also projected to grow globally, especially in the countries where the drink is traditionally produced. In the forecast period, black tea consumption is expected to witness a robust growth and is projected to witness an annual increase of 2.5% in the coming five years. With increasing preference for innovative and healthier forms of the beverage growing across the globe, the bubble tea market is expected to witness a healthy growth in its market in the coming years. In mature tea markets like the Europe, innovation and expansion of the product will particularly propel the overall tea industry forwards. In the US, where the market growth of the beverage is being driven by the millennial and baby boomer population, the industry for the bubble tea is expected to witness a robust growth supported by the rising consumption of all varieties of tea.

 

Properties and Applications

Bubble tea, also known as pearl milk tea, bubble milk tea, boba tea, or boba juice, is a popular beverage made with the basic ingredient of tea to which chewy tapioca seeds are added. It can be made in various combinations by adding fruit jellies and syrups. Flavours entirely vary according to the ingredients added to the bubble tea. It can be available in the original bubble tea flavour, fruit flavour, coffee or chocolate flavours, among others. The tea variety used as a base in the product can be:

 

Global Bubble Tea Market By Type

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

  • Black
  • Green
  • Oolong
  • White

The green bubble tea is  a popular choice and represents an integral part of the global industry for bubble tea since the segment  provides a range of wellness advantages including the prevention and reduction of health problems like cancer, cardiovascular diseases, and cholesterol. The variety also aids in improving metabolism and losing weight, along with,  minimising the risk for type II diabetes, and  Alzheimer and Parkinson’s disease.

The report also covers the regional markets of the product like North America, Europe, the Middle East, and Africa, the Asia Pacific, and LATAM.

 

Global Bubble Tea Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The varieties of flavours and texture of the product is driving the global bubble tea market. With major players seeking to introduce more innovative forms of bubble tea, the market is further expected to grow. The rapidly growing urbanisation is further aiding the bubble tea industry growth. As more and more countries are now offering this tea, which is adding to its rising demand, the industry is being further propelled forward. Th rising middle class is also driving the industry growth due to its cost-effectiveness.

As people are seeking healthier and organic products, the bubble tea market is expected to further grow in the coming years.Higher penetra tion of the product along with expansion of its markets to newer regions is also aiding the industry.  With people moving away from carbonated drinks and the implementation of sugary beverage taxes across multiple countries, globally, the global bubble tea industry is expected to be further propelled forward as it is perceived as a healthier option.  The claimed health benefits of bubble tea include the improved immune system, heart health, improved energy level, and prevention of cancer. It is also being preferred over carbonated drinks due to its antioxidants content.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global bubble tea market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Dama Foods International Co., Ltd
  • Lollicup USA Inc.
  • Fokus Inc.
  • Cuppo Tee Company Limited
  • Sumo's (M) Sdn Bhd
  • Huey-Yuhe Enterprise Co., Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Flavour, Region
Breakup by Type Black, Green, Oolong, White
Breakup by Flavour Original, Fruit, Coffee, Chocolate, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Dama Foods International Co., Ltd, Lollicup USA Inc., Fokus Inc., Cuppo Tee Company Limited, Sumo's (M) Sdn Bhd, Huey-Yuhe Enterprise Co., Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Bubble Tea Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bubble Tea Historical Market (2016-2020) 
    8.3    Global Bubble Tea Market Forecast (2021-2026)
    8.4    Global Bubble Tea Market by Type
        8.4.1    Black
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Green
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Oolong
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    White
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
    8.5    Global Bubble Tea Market by Flavour
        8.5.1    Original
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Fruit
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Coffee
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Chocolate
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
    8.6    Global Bubble Tea Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operation Involved
14    Project Requirements and Cost Analysis
    14.1    Land, Location and Site Development
    14.2    Construction
    14.3    Plant Machinery
    14.4    Cost of Raw Material
    14.5    Packaging
    14.6    Transportation
    14.7    Utilities
    14.8    Manpower
    14.9    Other Capital Investment
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Dama Foods International Co., Ltd
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Lollicup USA Inc
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Fokus Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Cuppo Tee Company Limited
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Sumo's (M) Sdn Bhd
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Huey-Yuhe Enterprise Co., Ltd.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Industry Events and Developments


List of Figures and Tables

1.    Global Bubble Tea Market: Key Industry Highlights, 2016 and 2026
2.    Global Bubble Tea Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Bubble Tea Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Bubble Tea Historical Market: Breakup by Flavour (USD Billion), 2016-2020
5.    Global Bubble Tea Market Forecast: Breakup by Flavour (USD Billion), 2021-2026
6.    Global Bubble Tea Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Bubble Tea Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Bubble Tea Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Bubble Tea Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Bubble Tea Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Bubble Tea Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Bubble Tea Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Bubble Tea Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Bubble Tea Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Bubble Tea Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Bubble Tea Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Bubble Tea Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Bubble Tea Market Structure

Key Questions Answered in the Report

In 2020, the global bubble tea market attained a value of nearly USD 2.4 billion.

The market is projected to grow at a CAGR of 7.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 3.6 billion by 2026.

The major drivers of the industry include rapid urbanisation, rising middle class, higher product penetration, and improved healthier contents.

The launch of varieties of flavours and texture of the product is expected to be a key trend guiding the growth of the industry.

The different types of bubble tea available are black, green, oolong, and white.

The different flavours of bubble tea available in the market are original, fruit, coffee, and chocolate, among others.

The leading players in this market are Dama Foods International Co., Ltd, Lollicup USA Inc., Fokus Inc., Cuppo Tee Company Limited, Sumo's (M) Sdn Bhd, and Huey-Yuhe Enterprise Co., Ltd., among others.

Analyst Review

The global bubble tea market attained a value of USD 2.4 billion in 2020, driven by rapid urbanisation and rising middle class. Aided by the launch of various flavours and texture of the product, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7.5%. The market is projected to reach USD 3.6 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the bubble tea industry can be segmented into black, green, oolong, and white. On the basis of flavours, the industry is divided into original, fruit, coffee, and chocolate, among others. The key players in the above industry include Dama Foods International Co., Ltd, Lollicup USA Inc., Fokus Inc., Cuppo Tee Company Limited, Sumo's (M) Sdn Bhd, and Huey-Yuhe Enterprise Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER