Global Bubble Tea Market to reach USD 3864.2 Million by 2025.
Global Bubble Tea Market valued approximately USD 1945.6 Million in 2016 is anticipated to grow with a healthy growth rate of more than 8.5 % over the forecast period 2018-2025.
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It has witnessed a high growth in recent years, owing to the increased popularity of bubble tea amongst the millennials. Bubble tea, or ‘boba’, was first introduced in the 1980s in Taiwan. Its main ingredient, which distinguishes it from other types of tea, is the soft, chewy tapioca balls. It comes in more than 250 flavors, and it is being sold by all types of vendors, street-side food stalls and malls alike.
Bubble tea has recently gained popularity in countries all over the world due to Instagram influencers and their trend of trying out new food and drinks. It has given a huge opportunity to manufacturers to come up with new flavors of this drink, which has proven to be cost-effective, and a healthy, delicious alternative to carbonated drinks. Its main base ingredient is tea, which is further divided into black, green, oolong, and white tea. Among these, green tea is estimated to have the most profitable market share. On the basis of flavors, it is subdivided into the original tea flavor, coffee, fruit, chocolate, etc. The highest predictable growth on the basis of taste is that of fruit-flavored boba, as it provides a wide range of flavors to choose from, and has a higher nutritional value. The chocolate flavored bubble tea is also expected to have a significant growth in the market, due to the numerous variations in flavor that can be achieved with chocolate.
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The bubble tea market has been popular in Asian countries for a long time. It has high nutritional value and many health benefits, like reduced cholesterol, weight loss, and increased metabolism. However, the presence of artificial preservatives and excess sugar are the major restraints faced by this market. In the Asia Pacific region, China is the largest consumer of bubble tea. In 2017, North America and the Asia Pacific dominated the global bubble tea market, accounting for more than 80% of the global market share. Europe is expected to have the highest growth rate during the forecast period, followed by the Asia Pacific region.
Table of Contents
TABLE OF CONTENTS
Chapter 1. Global Bubble Tea Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.3. Market Estimation
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Bubble Tea Market Dynamics
4.1. Growth Prospects
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Bubble Tea Market, By End User
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Bubble Tea Market, Sub Segment Analysis
5.3.1. Kids (<10 years)
184.108.40.206. Market estimates & forecasts, 2015-2025 (USD Billion)
220.127.116.11. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Teenagers (<25 years)
18.104.22.168. Market estimates & forecasts, 2015-2025 (USD Billion)
22.214.171.124. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
126.96.36.199. Market estimates & forecasts, 2015-2025 (USD Billion)
188.8.131.52. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
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