With a CAGR of XX%, the global bubble tea market is expected to reach $ XX billion in the year 2025.
With abundant retail chains, the demand for the non-alcoholic and non-carbonated drinks, the demand for the global Bubble Tea market is getting bigger. Also, the fact that bubble tea is at a lower price across the world has got uncanny attention as compared to other health drinks or beverages. What is driving the bubble famous among the crowd worldwide is a healthy ingredient like green and black tea tapioca.
The new flavors and variety of blend that is been offered in the market, to the youth is increasing the demand for bubble tea in the market and also is anticipated the lucrative opportunities for the expansion of the business in the market. These drinks are considered to have health issues perhaps they are overloaded with the quantity of the sugar.
Along with the rest of the market, geographically the global bubble tea market is divided into Europe, North America, and Asia-Pacific. However, the Asia-Pacific region is predicted to be dominating the global market followed by Europe. The reason behind the Asia- Pacific market is largely emerging into the global market of the bubble tea is because the bubble tea is invented in Taiwan. Besides Taiwan, China is labeled as the largest bubble tea producers in the Asian-Pacific market.
Now the developed countries like Italy, the UK, and Germany are positively impacting the market, growing the popularity of the flavored bubble tea, in Europe. The bubble tea has supported the market in the regions of North America due to the health benefits extracted from the bubble tea, and the growing health awareness among the Americans.
The flavors included in the global market of the bubble tea are the original one, fruit flavor, coffee flavor, chocolate flavor, and others are also popular in some or less manner. The global bubble tea market has extended into flavors like sweetener flavor, liquid, tapioca pearls, creamer, and others.
The major companies who are in the race of the bubble tea in the global market are CuppoTee Company, Boba Box Limited, Boba Tea Company, Ten Ren’s Tea Time, JC. (Qbubble), Bubble Tea House Company, Sumos Sdn Bhd, Gong Cha USA, Troika and Fokus Inc., Lollicup USA Inc.