Portland, OR -- (SBWire) -- 05/16/2019 --Bubble tea market was valued at $1,957 million in 2016, and is projected to reach $3,214 million by 2023, growing at a CAGR of 7.40% from 2017 to 2023. The black bubble tea segment accounted for more than 42% share of the global bubble tea market in 2016.
The bubble tea manufacturers and food associations across the world are investing heavily on technological advancements to develop new flavor in the bubble tea market. These are expected to modify and enhance the experience of consuming bubble tea. Asia-Pacific countries such as China, India, and others possess high potential for bubble tea market growth.
Download Sample/TOC: https://www.alliedmarketresearch.com/request-sample/3194
Bubble tea is a widely consumed flavored beverage containing tea as the basic component, along with chewy tapioca balls. It originated in Taiwan and is known by various names such as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply bubble tea. The bubble tea market is driven by cost-effective price and health benefits associated with bubble tea. However, the addition of artificial preservatives & color and presence of excess sugar in bubble tea restrain the market growth. The introduction of new flavors of bubble tea and decreases in demand for carbonated drinks provide opportunities for market expansion.
The report outlines the current trends and future scenario of the bubble tea market from 2017 to 2023 to understand the prevailing opportunities and the investment pockets. Major countries in each region are mapped according to individual market revenue. Porters Five Force's model helps to analyze the potential of buyers & suppliers, and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly. The key drivers, restrains, and opportunities and their detailed impact analyses are provided.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3194
Bubble Tea Market Key Segments:
By Base Ingredient
- Black Tea
- Green Tea
- Oolong Tea
- White Tea
By Flavor
- Original
- Coffee
- Fruit
- Chocolate
- Others
By Component
- Flavor
- Creamer
- Sweetener
- Liquid
- Tapioca Pearls
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA
Key Players
- Lollicup USA Inc
- CuppoTee Company
- Bubble Tea House Company
- Ten Ren's Tea Time
- Boba Box Limited
- Sumos Sdn Bhd
- Gong Cha USA
- Boba Tea Company
- Troika JC. (Qbubble)
- Fokus Inc.
Request Customization Report: https://www.alliedmarketresearch.com/request-for-customization/3194
