Bubble Tea Market

Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a 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.

Bubble Tea Market contains market size and forecasts of Bubble Tea in global, including the following market information:

Global Bubble Tea Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Bubble Tea Market Sales, 2017-2022, 2023-2028, (M Cups)

Global top five Bubble Tea companies in 2021 (%)

The global Bubble Tea market was valued at 8295.5 million in 2021 and is projected to reach US$ 26870 million by 2028, at a CAGR of 18.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Classic/Original Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Bubble Tea include Kung Fu Tea, Gong Cha, Boba Guys, Chatime, ShareTea, 8tea5, Quickly, CoCo Fresh and ViVi Bubble Tea. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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, 2017-2022, 2023-2028 ($ Millions) & (M Cups)

Global Bubble Tea Market Segment Percentages, by Type, 2021 (%)

Classic/Original

Fruit Flavored

Other Flavors

Global Bubble Tea Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Cups)

Global Bubble Tea Market Segment Percentages, by Application, 2021 (%)

18-25 years old

26-35 years old

36-45 years old

Other Groups

Global Bubble Tea Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Cups)

Global Bubble Tea Market Segment Percentages, By Region and Country, 2021 (%)

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, 2017-2022 (Estimated), ($ millions)

Key companies Bubble Tea revenues share in global market, 2021 (%)

Key companies Bubble Tea sales in global market, 2017-2022 (Estimated), (M Cups)

Key companies Bubble Tea sales share in global market, 2021 (%)

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