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PUBLISHER: IMARC | PRODUCT CODE: 1225257

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PUBLISHER: IMARC | PRODUCT CODE: 1225257

Bubble Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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The global bubble tea market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Bubble tea, or pearl milk tea, is a beverage produced using black, green or white tea or milk base, chewy tapioca balls, or boba, and fruit jelly. The tea is glazed with soft and chewy tapioca pearls, which are extracted from the cassava root. It is available in various flavors, such as lychee, taro, passion fruit, mango, peach, coffee, strawberry and chocolate. It is served in both hot and cold forms with ice usually blended into the mixture, thus creating a smooth or slushy drink, which is consumed with a straw. Bubble tea is a rich source of vitamin C, antioxidants and caffeine, that aid in strengthening the immune system, boosting energy, reducing inflammation and improving cardiovascular health.

Bubble Tea Market Trends:

  • Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Quick service, fast food and casual dining restaurants and cafes are increasingly experimenting with flavors of bubble teas to provide their consumers with innovative variations of the beverage. Moreover, rising health consciousness among the masses and increasing awareness regarding the benefits of regular consumption of bubble tea are providing a thrust to the market growth. In line with this, shifting consumer preference toward tea and coffee as nootropic beverages among students and working professionals is also contributing to the growth of the market. These drinks have low calorie content and can aid in improving concentration, memory, motivation and learning capabilities. Additionally, various product innovations, such as the launch of bubble teas in exotic flavors and aesthetically appealing packaging, are favoring the market growth. Other factors, including rising expenditure capacities of the consumers, along with the proliferation of social media and retail e-commerce platforms, are anticipated to drive the market toward growth.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global bubble tea market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on base ingredients, flavor and component.

Breakup by Base Ingredients:

  • Black Tea
  • Green Tea
  • Oolong Tea
  • White Tea

Breakup by Flavor:

  • Original Flavor
  • Coffee Flavor
  • Fruit Flavor
  • Chocolate Flavor
  • Others

Breakup by Component:

  • Flavor
  • Creamer
  • Sweetener
  • Liquid
  • Tapioca Pearls
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Netherlands
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Boba Loca USA Inc., Bubble Tea Supply, CoCo Fresh Tea & Juice, Fanale Drinks, Fokus Inc, Huey-Yuhe Enterprise Co. Ltd., Kung Fu Tea, Lollicup USA Inc., Quickly Chapel Hill, Sharetea and Troika J C Inc.
  • Key Questions Answered in This Report
  • 1. What was the size of the global bubble tea market in 2022?
  • 2. What is the expected growth rate of the global bubble tea market during 2023-2028?
  • 3. What are the key factors driving the global bubble tea market?
  • 4. What has been the impact of COVID-19 on the global bubble tea market?
  • 5. What is the breakup of the global bubble tea market based on the base ingredients?
  • 6. What is the breakup of the global bubble tea market based on the flavor?
  • 7. What is the breakup of the global bubble tea market based on the component?
  • 8. What are the key regions in the global bubble tea market?
  • 9. Who are the key players/companies in the global bubble tea market?
Product Code: SR1423A98_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Bubble Tea Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Base Ingredients

  • 6.1 Black Tea
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Green Tea
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Oolong Tea
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 White Tea
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Flavor

  • 7.1 Original Flavor
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Coffee Flavor
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Fruit Flavor
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Chocolate Flavor
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Component

  • 8.1 Flavor
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Creamer
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Sweetener
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Liquid
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Tapioca Pearls
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Thailand
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Netherlands
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Boba Loca USA Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 Bubble Tea Supply
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 CoCo Fresh Tea & Juice
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
    • 14.3.4 Fanale Drinks
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Fokus Inc
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Huey-Yuhe Enterprise Co. Ltd.
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
    • 14.3.7 Kung Fu Tea
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Lollicup USA Inc.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 Quickly Chapel Hill
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10 Sharetea
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
    • 14.3.11 Troika J C Inc
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
Product Code: SR1423A98_Report

List of Figures

  • Figure 1: Global: Bubble Tea Market: Major Drivers and Challenges
  • Figure 2: Global: Bubble Tea Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Bubble Tea Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Bubble Tea Market: Breakup by Base Ingredients (in %), 2022
  • Figure 5: Global: Bubble Tea Market: Breakup by Flavor (in %), 2022
  • Figure 6: Global: Bubble Tea Market: Breakup by Component (in %), 2022
  • Figure 7: Global: Bubble Tea Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Bubble Tea (Black Tea) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Bubble Tea (Black Tea) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Bubble Tea (Green Tea) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Bubble Tea (Green Tea) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Bubble Tea (Oolong Tea) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Bubble Tea (Oolong Tea) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Bubble Tea (White Tea) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Bubble Tea (White Tea) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Bubble Tea (Original Flavor) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Bubble Tea (Original Flavor) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Bubble Tea (Coffee Flavor) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Bubble Tea (Coffee Flavor) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Bubble Tea (Fruit Flavor) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Bubble Tea (Fruit Flavor) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Bubble Tea (Chocolate Flavor) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Bubble Tea (Chocolate Flavor) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Bubble Tea (Other Flavors) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Bubble Tea (Other Flavors) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Bubble Tea (Flavor) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Bubble Tea (Flavor) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Global: Bubble Tea (Creamer) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Global: Bubble Tea (Creamer) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Global: Bubble Tea (Sweetener) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Global: Bubble Tea (Sweetener) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: Global: Bubble Tea (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: Global: Bubble Tea (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: Global: Bubble Tea (Tapioca Pearls) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: Global: Bubble Tea (Tapioca Pearls) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: Global: Bubble Tea (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: Global: Bubble Tea (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: North America: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: North America: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: United States: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: United States: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: Canada: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: Canada: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Asia-Pacific: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Asia-Pacific: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: China: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: China: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Japan: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Japan: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: India: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: India: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: South Korea: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: South Korea: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Australia: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Australia: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Thailand: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Thailand: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Others: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Others: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: Europe: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: Europe: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Germany: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Germany: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: France: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: France: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: United Kingdom: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: United Kingdom: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Italy: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Italy: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Spain: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Spain: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Netherlands: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Netherlands: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Others: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Others: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Latin America: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 77: Latin America: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 78: Brazil: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 79: Brazil: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 80: Mexico: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 81: Mexico: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 82: Others: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 83: Others: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 84: Middle East and Africa: Bubble Tea Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 85: Middle East and Africa: Bubble Tea Market: Breakup by Country (in %), 2022
  • Figure 86: Middle East and Africa: Bubble Tea Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 87: Global: Bubble Tea Industry: SWOT Analysis
  • Figure 88: Global: Bubble Tea Industry: Value Chain Analysis
  • Figure 89: Global: Bubble Tea Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Bubble Tea Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Bubble Tea Market Forecast: Breakup by Base Ingredients (in Million US$), 2023-2028
  • Table 3: Global: Bubble Tea Market Forecast: Breakup by Flavor (in Million US$), 2023-2028
  • Table 4: Global: Bubble Tea Market Forecast: Breakup by Component (in Million US$), 2023-2028
  • Table 5: Global: Bubble Tea Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Bubble Tea Market: Competitive Structure
  • Table 7: Global: Bubble Tea Market: Key Players
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