The new report by Expert Market Research titled, ‘Global Bubble Tea Market Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global bubble tea market, assessing the market based on its segments like types, flavours, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/bubble-tea-market/requestsample
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 2.4 billion
• Forecast CAGR (2020-2025): 7.5%
• Forecast Market Size (2025): USD 3.6 billion
The global bubble tea market is driven by several factors, such as the increasing penetration of the product, growing disposable incomes, changing lifestyles, growing awareness regarding the product, overall increase in tea production and consumption, and the growing urbanisation. The market for bubble tea is further expected to increase in the forecast period owing to the introduction of innovative and healthier forms of the beverage, rising customer inclination to buy these products as a result of aggressive marketing, rising demand from the millennial and baby boomer population, and the growing consumption of all varieties of tea.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/bubble-tea-market
Industry Definition and Major Segments
Bubble tea is variously known as pearl milk tea, bubble milk tea, boba tea, or boba juice and is a popular drink made with the basic ingredient of tea, enriched with chewy tapioca seeds. It can be made in various forms by the inclusion of fruit jellies and syrups.
Based on type, the market can be segmented into:
On the basis of flavour, the industry is segmented into:
The major regions in the market are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The market is expected to witness an increase in demand owing to factors, such as the introduction of new flavours in the industry, people seeking healthier and organic products, implementation of sugary beverage taxes, and the product’s health benefits. The bubble tea’s claimed health benefits include improved immune system, heart health, increased energy level, and cancer prevention. Thanks to its antioxidant content, it is also favoured over carbonated beverages.
Key Market Players
The major players in the market are Dama Foods International Co., Ltd, Lollicup USA Inc., Fokus Inc. (NASDAQ: EFOI), Cuppo Tee Company Limited, Sumo’s (M) Sdn Bhd, and Huey-Yuhe Enterprise Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Malaysia Cordial Drink Market: https://www.expertmarketresearch.com/reports/malaysia-cordial-drink-market
Spritzer Market: https://www.expertmarketresearch.com/reports/spritzer-market
Fortified Wine Market: https://www.expertmarketresearch.com/reports/fortified-wine-market
Earl Grey Tea Market: https://www.expertmarketresearch.com/reports/earl-grey-tea-market
Alcoholic Tea Market: https://www.expertmarketresearch.com/reports/alcoholic-tea-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.Contact Information:
Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States