Bubble Tea Market by Base Ingredient, Component, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70533
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The bubble tea market has the potential to grow by USD 941.72 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.51%.

This bubble tea market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by product (black tea, green tea, and others) and geography (APAC, Europe, North America, South America, and MEA). The bubble tea market report also offers information on several market vendors, including Boba Box Ltd., Chen En Food Product Enterprise Co. Ltd. , Empire Eagle Food Co. Ltd., Fanale Drinks, Fokus Inc., Grand Chainly Enterprises Co. Ltd., Huey-Yue Enterprise Co. Ltd., Lollicup USA Inc., Possmei international Co. Ltd., and Troika JC. among others.

What will the Bubble Tea Market Size be in 2021?

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Bubble Tea Market: Key Drivers and Trends

The rising accessibility and availability through organized retailing is notably driving the bubble tea market growth, although factors such as price volatility of raw materials may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the bubble tea industry get your FREE report sample now.

  • The rising availability of the product through organized retailing is one of the key factorsdriving the bubble tea market growth.
  • The establishment of hypermarkets, supermarkets, and specialty stores have contributed to the growth of organized retailers.
  • Supermarkets are some of the major distribution channels supplying nutritious, convenient, and affordable food and beverage items.
  • Offline stores offer a variety of products, and also provide a better customer experience compared to online platforms. Ingredients such as tapioca balls, popping balls, and tea powder required for making bubble tea are predominantly sold by large organized retailers such as Walmart.
  • The introduction of new flavors will also positively influence bubble tea market growth.
  • Bubble tea manufacturers are introducing a wide variety of products in several flavors, ranging from fruity flavors such as peach and strawberry to flavors such as almond and chocolate.
  • For instance, Caribou Coffee has introduced Matcha Vanilla Tea Latte with ingredients such as matcha powder and vanilla.
  • The availability of flavorful bubble tea will offer multiple options for customers to choose from, thereby boosting the sales of vendors.

This bubble tea market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Bubble Tea Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Boba Box Ltd.
  • Chen En Food Product Enterprise Co. Ltd. 
  • Empire Eagle Food Co. Ltd.
  • Fanale Drinks
  • Fokus Inc.
  • Grand Chainly Enterprises Co. Ltd.
  • Huey-Yue Enterprise Co. Ltd.
  • Lollicup USA Inc.
  • Possmei international Co. Ltd.
  • Troika JC.

 

The bubble tea market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the bubble tea market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bubble Tea Market?

Bubble-Tea-Market-Market-Share-by-Region-2020-2025

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37% of the market’s growth will originate from APAC during the forecast period. China and Taiwan are the key markets for bubble tea in APAC. Market growth in this region will be slower than the growth of the market in Europe and North America.

High consumption of tea in countries such as India, Japan, and China will facilitate the bubble tea market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Base Ingredient Segments in the Bubble Tea Market?

Bubble-Tea-Market-Market-Share-by-Base Ingredient-2020-2025

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The black tea segment was the largest segment of the global bubble tea market in 2020. The high consumption of black tea is expected to be a major factor driving the growth of the global bubble tea market as the consumption of black tea is expected to pose rapid growth during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the bubble tea market size.

 

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What are the Key Factors Covered in this Bubble Tea Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bubble tea market growth during the next five years
  • Precise estimation of the bubble tea market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bubble tea industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bubble tea market vendors

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Bubble Tea Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

$ 941.72 million

Market structure

Fragmented

YoY growth (%)

5.57

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 37%

Key consumer countries

China, Taiwan, UK, and US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Boba Box Ltd., Chen En Food Product Enterprise Co. Ltd. , Empire Eagle Food Co. Ltd., Fanale Drinks, Fokus Inc., Grand Chainly Enterprises Co. Ltd., Huey-Yue Enterprise Co. Ltd., Lollicup USA Inc., Possmei international Co. Ltd., and Troika JC.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The bubble tea market growth will increase by $941.72 million during 2020-2025.
The bubble tea market is expected to grow at a CAGR of 6.51% during 2020-2025.
Technavio has segmented the bubble tea market by other1 (Black tea, Green tea, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
Boba Box Ltd., Chen En Food Product Enterprise Co. Ltd. , Empire Eagle Food Co. Ltd., Fanale Drinks, Fokus Inc., Grand Chainly Enterprises Co. Ltd., Huey-Yue Enterprise Co. Ltd., Lollicup USA Inc., Possmei international Co. Ltd., Troika JC. are a few of the key vendors in the bubble tea market.
APAC will register the highest growth rate of 36.83% among the other regions. Therefore, the bubble tea market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the bubble tea market growth are:
  • Rising accessibility and availability through organized retailing
The bubble tea market vendors should focus on grabbing business opportunities from the black tea segment as it accounted for the largest market share in the base year.
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