Bubble Tea Market Size, Share and Global Trend By Type (Black Tea, Green Tea, Oolong Tea, and White Tea), Flavor (Original, Fruit, Chocolate, Coffee, and Others), and Regional Forecast till 2029 (Includes COVID-19 Business Impact)

                                          
We have updated Bubble Tea Market with respect to COVID-19 Business Impact.
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This report focuses on the Bubble Tea market and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Bubble Tea market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America.


Global Bubble Tea Market: Segment Analysis


The research report includes specific segments by region (country), by Company, by Type, and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2029. An in-depth analysis of the segments assists in identifying the different factors that will aid market growth.


Global Bubble Tea Market: Regional Analysis


The research report includes a detailed study of regions of North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America. The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Researchers have studied the data of revenue, sales, and manufacturers of each mentioned region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2029.


Global Bubble Tea Market: Competitive Landscape


This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2019 to 2029.
List of Companies Profiled

""Companies will Focus on Expansion  to Cater to the Growing Demand""
Manufacturers are capitalizing on improving the functionality of bubble tea ingredients to cater to the rising demand from the consumers. Companies such as Lollicup USA Inc., Gong Cha, Chatime, CuppoTee Company, and Bubble Tea House Company, have invested in research and development activities in order to offer new tea variants for a growing market. Other players operating in the bubble tea market are Boba Box Limited, Fokus Inc, Sumos Sdn Bhd, Troika JC. (Qbubble), Gong Cha, and Boba Tea Company.

The bubble tea industry players receiving a high level of popularity and response from the customers are franchising their business into different locations. For instance, Gong Cha founded in 2006 in Taiwan and with rapid expansion strategy, the company currently operates in 17 countries with more than 1,000 franchised stores. In January 2019, Chatime Malaysia Sdn Bhd in its five-year expansion plan revealed that the company intended to aggressively expand its footprint into the overseas market especially in India, U.S., Singapore, and Saudi Arabia.

List of best companies covered in the bubble tea market report;

  
ChaTime
  
Bubble Tea Supply Inc.
  
Gong Cha
  
CoCo Fresh
  
Quickly
  
Kung Fu Tea
  
Tiger Sugar Korea
  
Boba Loca
  
Happylemon
  
Lollicup USA, Inc.
  
ShareTea
  
T Bun International

Report Coverage

Bubble tea is also called as bubble milk tea or boba tea. The base component that is used in the preparation of the tea is the tapioca pearls/balls. These tapioca pearls used in bubble tea is chewy in nature and helps add more flavor to the tea. There are various flavors that are added to the bubble tea, such as passion fruit, honeydew, mango, chocolate, ginger, strawberry, peach, plum, coffee, lychee, and other fruit flavors. It possesses various attributes such as anti-inflammatory properties and antioxidants.

An Infographic Representation of Bubble Tea Market

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The report provides both quantitative and qualitative insights into the bubble tea market. A detailed analysis of the market size and growth rate for all the segments is conducted as well. The bubble tea industry is segmented by type and geography.
Along with this, the report provides an elaborative analysis of the market dynamics such as drivers, restraints, opportunities, and trends in the bubble tea market. A brief competitive landscape is provided. There are various key insights that are provided along with the report such as an overview of the industry, health benefits of bubble tea, recent developments in the industry which includes product launches, major mergers and acquisitions, regulatory scenarios, trade analysis, and key industry trends.

Report Scope & Segmentation

 Segmentation

By Type

  
Black Tea
  
Green Tea
  
Oolong Tea
  
White Tea

By Flavor

  
Original
  
Fruit Flavor
  
Chocolate Flavor
  
Coffee Flavor
  
Others

By Region

  
North America (U.S., Canada, and Mexico)
  
Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)
  
Asia Pacific (China, India, Japan, ASEAN, and Rest of Asia Pacific)
  
South America (Argentina, Brazil, and Rest of South America)
  
Middle East & Africa (South Africa, UAE, and Rest of the Middle East & Africa)

Key Development Industry

In August 2019, TA Associates (a private equity firm) announced an investment in Gong Cha Group (Taiwanese bubble and milk tea company).

In June 2019, Secret Recipe launched a series of various bubble tea or boba tea flavors such asboba caramel milk tea, boba brown sugar with milk, boba milk tea, boba brown sugar milk tea, boba kopi-C, boba signature fruit tea, boba cham, and boba midnight blue.

In August 2017, Alchemist Foods Ltd. From Taiwan launched CHATIME in Mumbai, India. This store helps to provide freshly brewed bubble tea.