Title: Global Bubble Tea Market Research Report: Forecast (2024-2030)
1Global Bubble Tea Market Research Report
Forecast (2024-2030)
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4Market Insights
- 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., 2024-30. The growth of the market
is projected to be driven primarily by the buzz
among individuals worldwide for bubble tea owing
to its appeal novelty. The world is observing a
rapidly increasing number of people across
different countries showing greater interest in
innovative beverages infused with bold flavors
and being highly experimental with flavors.
Consequently, it is captivating consumer
attention and amplifying the demand for bubble
teas. - Health experts recommend that bubble tea acts as
an antioxidant and has anti-inflammatory
properties. Thus, its moderate consumption slows
down cell damage, lowers cholesterol levels,
boosts concentration, improves brain function,
serves effectively against depression other
such health issues. Hence, the growing health
consciousness among consumers is extensively
augmenting its demand availability.
5Global Bubble Tea Market Growth Restraint
Rising Availability of Alternative Caffeinated
Beverages - Before beginning the day, several
consumers depend highly on caffeinated drinks
like coffee tea, the most consumed socially
accepted nootropic beverages worldwide. Hence,
despite the surging demand for innovative teas
worldwide, the extensively growing availability
of other caffeinated conventional drinks like
coffee chocolate, coupled with the strong
consumption trends of coffee in Western
countries, are the major restraints to the growth
of the Global Bubble Tea Market growth during
2024-30. Moreover, the growing availability of
suitable alternatives like unsweetened tea,
coconut water, fruit-infused teas, among
others, which offer benefits similar to bubble
tea, is also hampering the market expansion.
6Market Segmentation of the Industry
- By Base Tea (Black Tea , Green Tea, Oolong Tea,
White Tea), - By Flavor (Fruit , Original, Coffee , Chocolate ,
Others ), - By Region (North America, South America, Europe,
The Middle East Africa, Asia-Pacific),
7Competitive Benchmarking
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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13Contact Us
MarkNtel Advisors is a leading research,
consulting, data analytics firm that provides
an extensive range of strategic reports on
diverse industry verticals. We deliver data to a
substantial varied client base, including
multinational corporations, financial
institutions, governments, individuals, among
others.
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