Global Bubble Tea Market Expected to Reach $3,214 Million by 2023 - Allied Market Research

India - English

News provided by

Apr 13, 2018, 09:30 ET

PORTLAND, Oregon and PUNE, India, April 13, 2018 /PRNewswire/ --

According to a new report published by Allied Market Research, titled, Bubble Tea Market by Base Ingredient, Flavor, and Component: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global bubble tea market was valued at $1,957 million in 2016, and is projected to reach $3,214 million by 2023, growing at a CAGR of 7.40% from 2017 to 2023. The black bubble tea segment accounted for more than 42% share of the global bubble tea market in 2016.

(Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )

Bubble tea is a widely consumed flavored beverage containing tea as the basic component, along with chewy tapioca balls. It originated in Taiwan and is known by various names such as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply bubble tea. The bubble tea market is driven by cost-effective price and health benefits associated with bubble tea. However, the addition of artificial preservatives & color and presence of excess sugar in bubble tea restrain the market growth. The introduction of new flavors of bubble tea and decreases in demand for carbonated drinks provide opportunities for market expansion.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/3194

By base ingredient, the global bubble tea market is divided into black tea, green tea, oolong tea, and white tea. The green bubble tea segment is estimated to be the most lucrative segment from 2017 to 2023, and account for one-third share of the global bubble tea by 2023. This is attributable to its several health benefits such as prevention cancer and cardiovascular diseases, reduction of cholesterol, improved metabolism, weight loss, and reduced risk of type II diabetes as well as Alzheimers & Parkinsons diseases.

Based on flavor, the global bubble tea market is divided into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. The fruit flavor bubble tea segment is estimated to grow at the highest CAGR during the forecast period, owing to high consumer preference, diversity in fruit flavor, and higher nutritional value as compared to other flavors.

Based on component, the global bubble tea market is divided into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Liquid component is expected to dominate the bubble tea market throughout the forecast period, as liquid is the base of the bubble tea. The major part of the liquid is the tea, which is the key ingredient in the manufacturing of bubble tea.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3194

Key Findings of the Bubble Tea Market:

The green bubble tea is expected to grow at a high CAGR of 8.20%, in terms of value, from 2017 to 2023.
The chocolate flavor is projected to grow at a high CAGR of 8.20%, in terms of value.
Europe is expected to grow at the highest CAGR of 9.10%, in terms of value.
The North American bubble tea accounted for more than 57% of the global market in 2016.
U.S. accounted for more than 97% of the North American market in 2016.

In 2016, North America and Asia-Pacific collectively accounted for more than 83% of the global bubble tea industry, in terms of value. This is due to the rapid gain in popularity of the bubble tea in these regions and its lower price. Europe is projected to grow at the highest rate, followed by Asia-Pacific, owing to increase in health benefits offered by consumption of bubble tea.

The major companies profiled in this report are Lollicup USA Inc., CuppoTee Company, Bubble Tea House Company, Ten Ren's Tea Time, Boba Box Limited, Sumos Sdn Bhd, Gong Cha USA, Boba Tea Company, Troika JC. (Qbubble), and Fokus Inc.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
[email protected]