Bubble Tea Market Size was valued at USD 2.72 billion in 2022 and is expected to reach USD 5.42 billion by 2030, and grow at a CAGR of 9% over the forecast period 2023-2030.
Bubble tea or boba is an exceptional Taiwanese drink ready by mixing tea base with flavors, milk, or sugars and afterward adding custard pearls that sit at the base. The custard balls are gotten from cassava root that contains L-ascorbic acid and calcium. The ubiquity of bubble tea is expanding quickly across the world and it is accessible in different flavors like mango, peach, pomegranate, and others. Dark tea, white tea, green tea, and oolong tea are utilized as a base for getting ready to bubble tea which is then redone utilizing syrups like lychee, and strawberry.
What's more, many bubble teas are ready with pudding, syrups, natural products, jams, yogurt, and others. The flavor of bubble tea relies upon natural product flavors, syrups, and natural product jams that are utilized as a base flavor. Bubble tea has different advantages, for example, it assists with reinforcing the resistant framework, supports energy, and further develops heart wellbeing, which makes it a famous refreshment.
Driving Factors:
Development in wellbeing cognizance and expansion in the reception of sound drinks.
Restraining Factors:
Abundance of sugar content in these beverages promotes medical problems and a pattern of espresso utilization.
Opportunities:
Presentation of different new flavors and mixes and appeal among the youthful populace for an assortment of teas.
Challenges:
Lockdown limitations, prohibition on import and product exercises, and break-in-store network exercises.
The rise of COVID-19 has obliged government associations to stringently close eateries, ranches, and undertakings to safeguard wellbeing safety measures and to accomplish social distance. This has brought about delays on the way and both the activity of supply (tea domains) and interest for utilization focus being stopped by the absence of staff and fewer guests to bistros around mid-afternoon. The Indian Tea Association reports that tea costs, both in light of the irruptive development of freight and the decrease in crop size, have expanded by 25% to 40% overall.
Dark tea held the biggest portion of the overall industry and is supposed to keep up with strength over the conjecture time frame. This development is ascribed to the valid normal kind of dark tea. Also, the beverage decreases glucose levels and terrible cholesterol and further develops stomach wellbeing. It additionally goes about as a brilliant wellspring of cell reinforcements.
Then again, the green tea item section is expected to witness the quickest CAGR. The development can be ascribed to the rising mindfulness about the medical advantages related to the utilization of green tea.
The natural product flavor section represented the most extreme portion of the overall industry and is supposed to keep up with the main situation over the conjecture time frame. The accessibility of different organic product flavors, for example, strawberry, enthusiasm organic product, mango, pineapple, melon, watermelon, avocado, coconut, grape, lychee, peach, honeydew, kiwi, and banana, is the key element driving the portion development.
By Base Ingredient:
Black Tea
Green Tea
Oolong Tea
White Tea
By Flavor:
Original Flavor
Coffee Flavor
Fruit Flavor
Chocolate Flavor
Others
By Component:
Flavor
Creamer
Sweetener
Liquid
Tapioca Pearls
Others
.png)
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Asia-Pacific (APAC) overwhelms the bubble tea market due to the maximum usage of the bubble tea inside the area.
Europe is supposed to observe huge development during the conjecture time of 2022 to 2029 on account of the expansion in the interest for sound hot drinks in the area.
The nation segment of the report additionally gives individual market influencing variables and changes in the guideline in the market locally that influences the current and future patterns of the market. The information focuses on downstream and upstream worth chain investigation, specialized patterns, and watchman's five powers examination, contextual analyses are a portion of the pointers used to conjecture the market situation for individual nations. Likewise, the presence and accessibility of worldwide brands and they’re provoke looked because of huge or scant rivalry between the neighborhood and homegrown brands, the effect of homegrown levies and shipping lanes are considered while giving figure examination of the nation information.
Bobabox Ltd., Bubble Tea House Company, Fokus, Inc., Gong Cha, ChaTime, Lollicup USA, Inc., Bubble Tea Supply, Inc., T Bun International, Ten Ren's Tea Time, Troika JC these are listed players in bubble tea market.
Fokus Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.72 Billion |
| Market Size by 2030 | US$ 5.42 Billion |
| CAGR | CAGR 9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Base Ingredient (Black Tea, Green Tea, Oolong Tea, White Tea) • by Flavor (Original Flavor, Coffee Flavor, Fruit Flavor, Chocolate Flavor, Others) • by Component (Flavor, Creamer, Sweetener, Liquid, Tapioca Pearls, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Bobabox Ltd., Bubble Tea House Company, Fokus, Inc., Gong Cha, ChaTime, Lollicup USA, Inc., Bubble Tea Supply, Inc., T Bun International, Ten Ren's Tea Time, Troika JC |
| Key Drivers | •Development in wellbeing cognizance and expansion in the reception of sound drinks. |
| Market Opportunities | •Presentation of different new flavors and mixes and appeal among the youthful populace for an assortment of teas. |
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: The base year calculated in the Bubble Tea Market report is 2021.
Ans: Bobabox Ltd., Bubble Tea House Company, Fokus, Inc., Gong Cha, ChaTime, Lollicup USA, Inc., Bubble Tea Supply, Inc., T Bun International, Ten Ren's Tea Time, Troika JC are the key players in the global Bubble Tea market.
Ans: The abundance of sugar content in these beverages promotes medical problems and a pattern of espresso utilization and lockdown limitations, prohibition on import and product exercises, and break-in-store network exercises are the restrains/challenges faced by the Bubble Tea market.
Ans: The Global Bubble Tea Market Size is expected to reach USD 4.56 billion by 2028, and grow at a CAGR of 9% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Bubble Tea market segmentation, by Base Ingredient
8.1 Black Tea
8.2 Green Tea
8.3 Oolong Tea
8.4 White Tea
9. Global Bubble Tea market segmentation, by Flavor
9.1 Original Flavor
9.2 Coffee Flavor
9.3 Fruit Flavor
9.4 Chocolate Flavor
9.5 Others
10. Global Bubble Tea market segmentation by Component
10.1 Flavor
10.2 Creamer
10.3 Sweetener
10.4 Liquid
10.5 Tapioca Pearls
10.6 Others
11. Global Bubble Tea market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 Bobabox Ltd.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Bubble Tea House Company
12.3 Fokus, Inc.
12.4 Gong Cha ChaTime
12.5 Lollicup USA, Inc.
12.6 Bubble Tea Supply, Inc.
12.7 T Bun International
12.8 Ten Ren's Tea Time
12.9 Troika JC
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Industrial Sugar Market Size was esteemed at USD 30.94 billion out of 2022 and is supposed to arrive at USD 41.83 billion by 2030 and develop at a CAGR of 3.84% over the forecast period 2023-2030.
Bottled Water Market Report Scope & Overview: Bottled Water Market Size was valued at USD 299 bil
The Chicory Market Size was esteemed at USD 739.61 million in 2022 and is supposed to arrive at USD 1224.50 million by 2030 and develop at a CAGR of 6.5 % over the forecast period 2023-2030.
The Mannitol Market Size was esteemed at USD 398.62 million out of 2022 and is supposed to arrive at USD 584.47 million by 2030, and develop at a CAGR of 4.9% over the forecast period 2023-2030.
Butter Market Size was valued at USD 38.65 billion in 2022 and is expected to reach USD 53.72 billion by 2030, and grow at a CAGR of 4.2% over the forecast period 2023-2030.
The Spring Water Market size was USD 455.08 billion in 2023 and is expected to Reach USD 925 billion by 2032 and grow at a CAGR of 8.2% over the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
