Global Bubble Tea Market Analysis: Future Investments And Growth Factors Until 2029

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Apr 27, 2023 (The Expresswire) -- The purpose of this report on“Bubble Tea Market”analysis is to assist business owners in making crucial decisions regarding which business ideas to pursue. It also aims to present insights into potential improvements, limitations, and factors driving the Bubble Tea Market for the projected period of 2023-2029. The study indicates that the launch of new products can impact sales, either positively or negatively. Through such market research, large corporations can remain informed about the latest trends and gain an accurate estimate of the overall demand for their products. This type of analysis offers several benefits to businesses seeking to introduce new or existing services, products, or brands.

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.Market Analysis and Insights: Global Bubble Tea MarketDue to the COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8062.1 million in 2022 and is forecast to a readjusted size of USD 27780 million by 2029 with a CAGR of 19.1 Percentage during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Classic/Original accounting for Percentage of the Bubble Tea global market in 2022, is projected to value USD million by 2029, growing at a revised Percentage CAGR from 2023 to 2029. While 18-25 years old segment is altered to an Percentage CAGR throughout this forecast period.Chatime, Coco Fresh, Gong Cha and Quickly are the main manufacturers of bubble milk tea, with the top three accounting for about 15 Percentage of the whole market.Asia-Pacific is estimated to have a major share in the global market with nearly 60 Percentage.

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Some of the prominent market players are

● Kung Fu Tea ● Gong Cha ● Boba Guys ● Chatime ● ShareTea ● 8tea5 ● Quickly ● CoCo Fresh ● ViVi Bubble Tea

Bubble Tea Market Segmentation and Coverage:

Segment by Type

● Classic/Original ● Fruit Flavored ● Other Flavors

Segment by Application

● 18-25 years old ● 26-35 years old ● 36-45 years old ● Other Groups

Regional Analysis Covered in the Report:

The analysis in this report tracks the global value of executive phases in over 20 high-growth areas, with North America, Europe, and Asia being the most attractive regions for potential partners. The report also examines the impact of the coronavirus pandemic on the economy and its effects on market demand. In terms of market value, the Bubble Tea Market dominated the U.S. market, accounting for more than all revenue in that year. Meanwhile, in North America, it represented a significant portion of the overall market share. The Bubble Tea Market framework is expected to maintain its dominance in the market in the years to come.

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The item manufacturing industry has suffered a significant setback during the pandemic due to the current shortage of Bubble Tea Market worldwide. The expansion in demand has been challenging to accommodate due to the epidemic. Shipments declined in 2020 mainly due to the impact of Coronavirus. As a result of travel restrictions, companies in China and other countries worldwide had to shut down as manufacturers were unable to find the necessary labor for their operations.

Key Highlights Covered in this Updated Research Reports Include:

- The research report provides an overview of the current state of the industry on a global scale.
- The market growth, size, share, and sales have been impacted by Covid-19.
- The report includes a thorough analysis of market drivers and manufacturers, with the latest innovations.
- The report offers an analysis of economic business status and opportunities by country.
- The report offers an in-depth analysis of company profiles, production, value, price, and supply chain.

The Bubble Tea Market is segmented by Type and by Application, with accurate calculations and revenue forecasts provided for each segment during the period of 2023-2029. This analysis can assist in expanding business operations by targeting niche markets.

If you have specific requirements for the report, please let us know, and we will tailor it to your needs.

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Detailed TOC of the Bubble Tea Market is as follows

1 Bubble Tea Market Overview
1.1 Product Definition
1.2 Bubble Tea Segment by Type
1.2.1 Global Bubble Tea Market Value Growth Rate Analysis by Type 2022 VS 2029
1.3 Bubble Tea Segment by Application
1.3.1 Global Bubble Tea Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.4 Global Market Growth Prospects
1.4.1 Global Bubble Tea Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Bubble Tea Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Bubble Tea Production Estimates and Forecasts (2018-2029)
1.4.4 Global Bubble Tea Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Bubble Tea Production Market Share by Manufacturers (2018-2023)
2.2 Global Bubble Tea Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Bubble Tea, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Bubble Tea Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Bubble Tea Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Bubble Tea, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Bubble Tea, Product Offered and Application
2.8 Global Key Manufacturers of Bubble Tea, Date of Enter into This Industry
2.9 Bubble Tea Market Competitive Situation and Trends
2.9.1 Bubble Tea Market Concentration Rate
2.9.2 Global 5 and 10 Largest Bubble Tea Players Market Share by Revenue
2.10 Mergers and Acquisitions, Expansion

3 Bubble Tea Production by Region
3.1 Global Bubble Tea Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Bubble Tea Production Value by Region (2018-2029)
3.2.1 Global Bubble Tea Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Bubble Tea by Region (2024-2029)
3.3 Global Bubble Tea Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Bubble Tea Production by Region (2018-2029)
3.4.1 Global Bubble Tea Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Bubble Tea by Region (2024-2029)
3.5 Global Bubble Tea Market Price Analysis by Region (2018-2023)
3.6 Global Bubble Tea Production and Value, Year-over-Year Growth
3.6.1 North America Bubble Tea Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Bubble Tea Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Bubble Tea Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Bubble Tea Production Value Estimates and Forecasts (2018-2029)
3.6.5 South Korea Bubble Tea Production Value Estimates and Forecasts (2018-2029)

4 Bubble Tea Consumption by Region
4.1 Global Bubble Tea Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Bubble Tea Consumption by Region (2018-2029)
4.2.1 Global Bubble Tea Consumption by Region (2018-2023)
4.2.2 Global Bubble Tea Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Bubble Tea Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Bubble Tea Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Bubble Tea Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Bubble Tea Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy

4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Bubble Tea Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Bubble Tea Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East and Africa
4.6.1 Latin America, Middle East and Africa Bubble Tea Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East and Africa Bubble Tea Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey

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5 Segment by Type
5.1 Global Bubble Tea Production by Type (2018-2029)
5.1.1 Global Bubble Tea Production by Type (2018-2023)
5.1.2 Global Bubble Tea Production by Type (2024-2029)
5.1.3 Global Bubble Tea Production Market Share by Type (2018-2029)
5.2 Global Bubble Tea Production Value by Type (2018-2029)
5.2.1 Global Bubble Tea Production Value by Type (2018-2023)
5.2.2 Global Bubble Tea Production Value by Type (2024-2029)
5.2.3 Global Bubble Tea Production Value Market Share by Type (2018-2029)
5.3 Global Bubble Tea Price by Type (2018-2029)

6 Segment by Application
6.1 Global Bubble Tea Production by Application (2018-2029)
6.1.1 Global Bubble Tea Production by Application (2018-2023)
6.1.2 Global Bubble Tea Production by Application (2024-2029)
6.1.3 Global Bubble Tea Production Market Share by Application (2018-2029)
6.2 Global Bubble Tea Production Value by Application (2018-2029)
6.2.1 Global Bubble Tea Production Value by Application (2018-2023)
6.2.2 Global Bubble Tea Production Value by Application (2024-2029)
6.2.3 Global Bubble Tea Production Value Market Share by Application (2018-2029)
6.3 Global Bubble Tea Price by Application (2018-2029)

7 Key Companies Profiled

8 Industry Chain and Sales Channels Analysis
8.1 Bubble Tea Industry Chain Analysis
8.2 Bubble Tea Key Raw Materials
8.3 Bubble Tea Production Mode and Process
8.4 Bubble Tea Sales and Marketing
8.4.1 Bubble Tea Sales Channels
8.4.2 Bubble Tea Distributors
8.5 Bubble Tea Customers

9 Bubble Tea Market Dynamics
9.1 Bubble Tea Industry Trends
9.2 Bubble Tea Market Drivers
9.3 Bubble Tea Market Challenges
9.4 Bubble Tea Market Restraints

10 Research Finding and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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