Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Bubble Tea, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bubble Tea. This report contains market size and forecasts of Bubble Tea in global, including the following market information:
Global Bubble Tea Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Bubble Tea Market Sales, 2018-2023, 2024-2029, (M Cups)
Global top five Bubble Tea companies in 2022 (%)
The global Bubble Tea market was valued at US$ 8295.5 million in 2022 and is projected to reach US$ 26870 million by 2029, at a CAGR of 18.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the Bubble Tea manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Bubble Tea Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Cups)
Global Bubble Tea Market Segment Percentages, by Type, 2022 (%)
Classic/Original
Fruit Flavored
Other Flavors
Global Bubble Tea Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Cups)
Global Bubble Tea Market Segment Percentages, by Application, 2022 (%)
18-25 years old
26-35 years old
36-45 years old
Other Groups
Global Bubble Tea Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Cups)
Global Bubble Tea Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Bubble Tea revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Bubble Tea revenues share in global market, 2022 (%)
Key companies Bubble Tea sales in global market, 2018-2023 (Estimated), (M Cups)
Key companies Bubble Tea sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Kung Fu Tea
Gong Cha
Boba Guys
Chatime
ShareTea
8tea5
Quickly
CoCo Fresh
ViVi Bubble Tea
Outline of Major Chapters:
Chapter 1: Introduces the definition of Bubble Tea, market overview.
Chapter 2: Global Bubble Tea market size in revenue and volume.
Chapter 3: Detailed analysis of Bubble Tea manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Bubble Tea in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: Global Bubble Tea capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
