MarkNtel Advisors recently published a report, titled, ” Global Bubble Tea Market 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), By Company (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). As per as the report 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.
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Global 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.
Leading Companies in Global 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.
Global Bubble Tea Market Segmentation:
By Base Tea
-Black Tea – Market Size & Forecast 2019-2030, USD Million
-Green Tea- Market Size & Forecast 2019-2030, USD Million
-Oolong Tea- Market Size & Forecast 2019-2030, USD Million
-White Tea- Market Size & Forecast 2019-2030, USD Million
By Flavor
-Fruit – Market Size & Forecast 2019-2030, USD Million
-Original- Market Size & Forecast 2019-2030, USD Million
-Coffee – Market Size & Forecast 2019-2030, USD Million
-Chocolate – Market Size & Forecast 2019-2030, USD Million
-Others – Market Size & Forecast 2019-2030, USD Million
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By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Bubble Tea Market are:
•What is Global Bubble Tea Market?
•What was the market size in 2023?
•What is the growth rate of the Global Bubble Tea Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Bubble Tea Market?
•What segments are covered in the Market?
•Who are the key players in the Global Bubble Tea Market?
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