The Market research collection of Report Ocean now includes the newly added report titled “Bubble Tea Market ” Size, Scope, and Forecast 2023-2031.” Esteemed industry experts and researchers have provided an authoritative and succinct analysis of the market, covering crucial aspects such as growth factors, challenges, restraints, developments, and growth opportunities. This report offers a precise examination of the evolving dynamics and emerging trends in the market. Moreover, it presents a forward-looking outlook on the factors expected to drive the growth of Bubble Tea Market in the forthcoming years.
Bubble tea, also called boba milk tea, is a sweet, chewy, and authentic Taiwanese tea. It is usually prepared with tapioca pearls, black tea powder, milk, and sweetener. It was invented in the early 1980s in Taiwan. Bubble tea vendors serve the beverage cold or hot inside a translucent plastic cup with an oversized straw wide enough for the tapioca bubbles to pass through. According to Report Ocean, the global bubble tea market size is expected to increase from USD 2,247 million in 2021 to USD 3,312 million by 2028, garnering a CAGR of 5.7% over the evaluated period.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Bubble Tea Market .
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global bubble tea market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the bubble tea industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the base ingredient, flavor, component, and region. The global market for bubble tea can be segmented by base ingredient: black tea, green tea, oolong tea, others. Among these, the black tea segment was accounted for the highest revenue generator in 2021. Bubble tea market is further segmented by flavor: original flavor, coffee flavor, fruit flavor, others. The fruit flavor segment is estimated to account for the largest share of the global bubble tea market. Based on component, the bubble tea market is segmented into: flavor, creamer, sweetener, liquid, tapioca pearls, others. On the basis of region, the bubble tea market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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By base ingredient:
black tea
green tea
oolong tea
others
By flavor:
original flavor
coffee flavor
fruit flavor
others
By component:
flavor
creamer
sweetener
liquid
tapioca pearls
others
By region:
North America
Asia Pacific
Europe
Rest of the World (ROW)
The market research report covers the analysis of key stake holders of the global bubble tea market. Some of the leading players profiled in the report include Boba Box Limited, Bubble Tea House Company, Bubble Tea Supply, Cuppo Tee Co., Ltd., Fokus Inc., Gong cha Global Ltd., Lollicup USA, Inc., Sumo’s (M) Sdn Bhd., T Bun International, Ten Ren Tea Inc., Troika J C Inc.(Qbubble), among others.
Scope of the Report
To analyze and forecast the market size of the global bubble tea market.
To classify and forecast the global bubble tea market based on base ingredient, flavor, component, region.
To identify drivers and challenges for the global bubble tea market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global bubble tea market.
To identify and analyze the profile of leading players operating in the global bubble tea market.
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Why Choose This Report
Gain a reliable outlook of the global bubble tea market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
Research Methodology:
Research Objectives: This section provides an overview of the primary objectives of the research study, including the research questions and hypotheses that will be addressed.
Research Design: The subsequent section presents a comprehensive outline of the research design, including the chosen approach for the study (quantitative, qualitative, or mixed-methods), the methodologies employed for data collection (surveys, interviews, focus groups), and the sampling strategy utilized (random sampling, stratified sampling).
Data Collection: This section involves the collection of information from both primary and secondary sources. Primary sources encompassed the use of survey questionnaires and interview guides, while secondary sources included existing data from reputable publications and databases. The data collection procedures involved meticulous steps such as data cleaning, coding, and entry to ensure the accuracy and reliability of the collected data.
Data Analysis: Various methods were utilized to analyze the data, including statistical tests, qualitative coding, and content analysis.
Limitations: The study’s limitations encompass potential biases, errors in data sources, and overall constraints related to the data used in the research.
The report highlights the following key facts about the market:
- Compound Annual Growth Rate (CAGR) projected for the entire anticipated time range.
- Detailed insights into the factors that will drive market growth from 2023 to 2031.
- Accurate estimation of the market’s size and market share, with a particular focus on the parent market.
- Precise predictions of upcoming trends and changes in consumer behavior.
- Analysis of industry growth in North America, APAC, Europe, South America, the Middle East, and Africa.
- Comprehensive examination of the market’s competitive landscape, along with detailed data on vendors.
- Thorough analysis of the challenges faced by market suppliers in expanding their operations.
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