Future Insights: Examining Growth Drivers Shaping the Bubble Tea Market (2023-2028)
What are the Growth Opportunities, Crucial Insights of the Bubble Tea Market (2023-2028)?
MarkNtel Advisors, a renowned
research and consulting entity, has revealed its latest report titled Bubble Tea Market (2023-2028) This
comprehensive study delves deeply into the sector, covering crucial aspects
like market size, share, emerging trends, and future growth estimations.
Additionally, the report offers insights into competitor analysis, regional
perspectives, and the latest market advancements.
Market
Definition:
Bubble tea, also known as boba tea or pearl milk tea, is a
Taiwanese tea-based beverage invented initially in Tainan & Taichung in the
1980s. It is made up typically of high-quality milk & sweetener liquid
tapioca pearls as well as creamer, fruit powder, & sweeteners. Besides its
origin, bubble tea has been gaining immense popularity in Western countries
over the years, mainly due to its different tastes, along with the availability
of various flavors like fruits, coffee, chocolate, & the simple classic.
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What's the Size of the Bubble Tea Market and
What Growth is Expected?
The global bubble tea market size
reached USD 1.68 Billion in 2022 and is projected to grow at a CAGR of around
7.23% during the forecast period, i.e., 2023-28.
What Key Dynamics Shape the Bubble Tea Market?
Global
Bubble Tea Market Key Drivers:
Increasing Consumer Inclination
toward Healthy Drinks - The mounting prevalence of lifestyle disorders like
obesity & diabetes owing to the busy lifestyles of consumers has compelled
them to shift toward healthy beverages like ginger & boba teas, mainly due
to their easy customization with various bases & toppings like jellies,
fruit bits, syrups, & tapioca balls, i.e., prime aspect projected to drive
the Bubble Tea Market during 2023-28. Green tea-based milk tea helps lower
blood pressure as well as the risk of cancer.
In addition, the moderate consumption of bubble tea improves
the balance of vitamins & minerals in the human body owing to the presence
of numerous inclusions like fruit bits, cream, & yogurt, among others.
Moreover, the growing working class populace in developing countries,
increasing establishment of boba tea outlets, and rising health consciousness
among consumers are also promoting the adoption of bubble tea globally and thus
driving the market.
Diving into Bubble Tea Market Segmentations
-By Base Tea (Black Tea , Green
Tea, Oolong Tea, White Tea),
-By Flavor (Fruit , Original,
Coffee , Chocolate , Others ),
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Geographical Expansion of the Industry:
-By Region (North America, South
America, Europe, The Middle East & Africa, Asia-Pacific),
Who are the Key Competitors in the Bubble Tea
Market?
Major players or companies play
pivotal roles in driving market progress as revenue generators, investors,
manufacturers, and distributors.
Here
are the leading companies in the Bubble Tea Market:
-Kung Fu Tea
-Quickly
-Lollicup USA, Inc.
-Bubble Tea Supply, Inc.
-Ten Ren's Tea Time
-Gong Cha
-ChaTime
-Bobabox Ltd.
-Fokus, Inc.
-Coco Fresh Tea and Juice
-Happy Lemon
-Cuppotee
-Tiger Sugar
-Grand Chainly Enterprise
-Share Tea
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Key
Inquiries Addressed in the Bubble Tea Market Research Report:
• Projections
for the Bubble Tea Market's size, share, and CAGR during the forecast period
• Anticipated
trends shaping the Bubble Tea Market between 2023 and 2028
• Analysis
of segments and sub-segments within the Bubble Tea Market study
• Primary
stakeholders and participants in the Bubble Tea Market
• Expected
variations in demand for different product/service types in the Bubble Tea Market
by 2028
• Factors
limiting the growth potential of the Bubble Tea Market
Note: The Bubble Tea Market report
can be tailored with high-quality insights to meet specific client
requirements, enabling them to navigate industry prospects, address market
challenges, devise effective strategies, and make informed decisions for
competitive positioning.
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