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Synopsis
Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a China Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. There are many varieties of the drink with a wide range of ingredients. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca.
The global Bubble Tea market size is expected to reach US$ 27780 million by 2029, growing at a CAGR of 19.1% from 2023 to 2029. The market is mainly driven by the significant applications of Bubble Tea in various end use industries. The expanding demands from the 18-25 years old, 26-35 years old, 36-45 years old and Other Groups, are propelling Bubble Tea market. Classic/Original, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fruit Flavored segment is estimated at % CAGR for the next seven-year period.
Chatime, Coco Fresh, Gong Cha and Quickly are the main manufacturers of bubble milk tea, with the top three accounting for about 15% of the whole market.
Asia-Pacific is estimated to have a major share in the global market with nearly 60%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bubble Tea, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bubble Tea market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bubble Tea market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bubble Tea sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bubble Tea covered in this report include Kung Fu Tea, Gong Cha, Boba Guys, Chatime, ShareTea, 8tea5, Quickly, CoCo Fresh and ViVi Bubble Tea, etc.
The global Bubble Tea market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Global Bubble Tea market, by region:
Global Bubble Tea market, Segment by Type:
Global Bubble Tea market, by Application
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bubble Tea manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bubble Tea in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Bubble Tea Market Overview
1.1 Bubble Tea Product Overview
1.2 Bubble Tea Market Segment by Type
1.2.1 Classic/Original
1.2.2 Fruit Flavored
1.2.3 Other Flavors
1.3 Global Bubble Tea Market Size by Type
1.3.1 Global Bubble Tea Market Size Overview by Type (2018-2029)
1.3.2 Global Bubble Tea Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bubble Tea Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bubble Tea Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bubble Tea Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bubble Tea Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bubble Tea Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bubble Tea Sales Breakdown by Type (2018-2023)
2 Global Bubble Tea Market Competition by Company
2.1 Global Top Players by Bubble Tea Sales (2018-2023)
2.2 Global Top Players by Bubble Tea Revenue (2018-2023)
2.3 Global Top Players by Bubble Tea Price (2018-2023)
2.4 Global Top Manufacturers Bubble Tea Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bubble Tea Market Competitive Situation and Trends
2.5.1 Bubble Tea Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bubble Tea Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bubble Tea as of 2022)
2.7 Date of Key Manufacturers Enter into Bubble Tea Market
2.8 Key Manufacturers Bubble Tea Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bubble Tea Status and Outlook by Region
3.1 Global Bubble Tea Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bubble Tea Historic Market Size by Region
3.2.1 Global Bubble Tea Sales in Volume by Region (2018-2023)
3.2.2 Global Bubble Tea Sales in Value by Region (2018-2023)
3.2.3 Global Bubble Tea Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bubble Tea Forecasted Market Size by Region
3.3.1 Global Bubble Tea Sales in Volume by Region (2024-2029)
3.3.2 Global Bubble Tea Sales in Value by Region (2024-2029)
3.3.3 Global Bubble Tea Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bubble Tea by Application
4.1 Bubble Tea Market Segment by Application
4.1.1 18-25 years old
4.1.2 26-35 years old
4.1.3 36-45 years old
4.1.4 Other Groups
4.2 Global Bubble Tea Market Size by Application
4.2.1 Global Bubble Tea Market Size Overview by Application (2018-2029)
4.2.2 Global Bubble Tea Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bubble Tea Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bubble Tea Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bubble Tea Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bubble Tea Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bubble Tea Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bubble Tea Sales Breakdown by Application (2018-2023)
5 North America Bubble Tea by Country
5.1 North America Bubble Tea Historic Market Size by Country
5.1.1 North America Bubble Tea Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bubble Tea Sales in Volume by Country (2018-2023)
5.1.3 North America Bubble Tea Sales in Value by Country (2018-2023)
5.2 North America Bubble Tea Forecasted Market Size by Country
5.2.1 North America Bubble Tea Sales in Volume by Country (2024-2029)
5.2.2 North America Bubble Tea Sales in Value by Country (2024-2029)
6 Europe Bubble Tea by Country
6.1 Europe Bubble Tea Historic Market Size by Country
6.1.1 Europe Bubble Tea Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bubble Tea Sales in Volume by Country (2018-2023)
6.1.3 Europe Bubble Tea Sales in Value by Country (2018-2023)
6.2 Europe Bubble Tea Forecasted Market Size by Country
6.2.1 Europe Bubble Tea Sales in Volume by Country (2024-2029)
6.2.2 Europe Bubble Tea Sales in Value by Country (2024-2029)
7 Asia-Pacific Bubble Tea by Region
7.1 Asia-Pacific Bubble Tea Historic Market Size by Region
7.1.1 Asia-Pacific Bubble Tea Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bubble Tea Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bubble Tea Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bubble Tea Forecasted Market Size by Region
7.2.1 Asia-Pacific Bubble Tea Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bubble Tea Sales in Value by Region (2024-2029)
8 Latin America Bubble Tea by Country
8.1 Latin America Bubble Tea Historic Market Size by Country
8.1.1 Latin America Bubble Tea Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bubble Tea Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bubble Tea Sales in Value by Country (2018-2023)
8.2 Latin America Bubble Tea Forecasted Market Size by Country
8.2.1 Latin America Bubble Tea Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bubble Tea Sales in Value by Country (2024-2029)
9 Middle East and Africa Bubble Tea by Country
9.1 Middle East and Africa Bubble Tea Historic Market Size by Country
9.1.1 Middle East and Africa Bubble Tea Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bubble Tea Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bubble Tea Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bubble Tea Forecasted Market Size by Country
9.2.1 Middle East and Africa Bubble Tea Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bubble Tea Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Kung Fu Tea
10.1.1 Kung Fu Tea Company Information
10.1.2 Kung Fu Tea Introduction and Business Overview
10.1.3 Kung Fu Tea Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Kung Fu Tea Bubble Tea Products Offered
10.1.5 Kung Fu Tea Recent Development
10.2 Gong Cha
10.2.1 Gong Cha Company Information
10.2.2 Gong Cha Introduction and Business Overview
10.2.3 Gong Cha Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Gong Cha Bubble Tea Products Offered
10.2.5 Gong Cha Recent Development
10.3 Boba Guys
10.3.1 Boba Guys Company Information
10.3.2 Boba Guys Introduction and Business Overview
10.3.3 Boba Guys Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Boba Guys Bubble Tea Products Offered
10.3.5 Boba Guys Recent Development
10.4 Chatime
10.4.1 Chatime Company Information
10.4.2 Chatime Introduction and Business Overview
10.4.3 Chatime Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Chatime Bubble Tea Products Offered
10.4.5 Chatime Recent Development
10.5 ShareTea
10.5.1 ShareTea Company Information
10.5.2 ShareTea Introduction and Business Overview
10.5.3 ShareTea Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ShareTea Bubble Tea Products Offered
10.5.5 ShareTea Recent Development
10.6 8tea5
10.6.1 8tea5 Company Information
10.6.2 8tea5 Introduction and Business Overview
10.6.3 8tea5 Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.6.4 8tea5 Bubble Tea Products Offered
10.6.5 8tea5 Recent Development
10.7 Quickly
10.7.1 Quickly Company Information
10.7.2 Quickly Introduction and Business Overview
10.7.3 Quickly Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Quickly Bubble Tea Products Offered
10.7.5 Quickly Recent Development
10.8 CoCo Fresh
10.8.1 CoCo Fresh Company Information
10.8.2 CoCo Fresh Introduction and Business Overview
10.8.3 CoCo Fresh Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.8.4 CoCo Fresh Bubble Tea Products Offered
10.8.5 CoCo Fresh Recent Development
10.9 ViVi Bubble Tea
10.9.1 ViVi Bubble Tea Company Information
10.9.2 ViVi Bubble Tea Introduction and Business Overview
10.9.3 ViVi Bubble Tea Bubble Tea Sales, Revenue and Gross Margin (2018-2023)
10.9.4 ViVi Bubble Tea Bubble Tea Products Offered
10.9.5 ViVi Bubble Tea Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bubble Tea Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Bubble Tea Industrial Chain Analysis
11.4 Bubble Tea Market Dynamics
11.4.1 Bubble Tea Industry Trends
11.4.2 Bubble Tea Market Drivers
11.4.3 Bubble Tea Market Challenges
11.4.4 Bubble Tea Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bubble Tea Distributors
12.3 Bubble Tea Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research