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Bubble Tea Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global bubble tea market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Bubble tea, or pearl milk tea, is a beverage produced using black, green or white tea or milk base, chewy tapioca balls, or boba, and fruit jelly. The tea is glazed with soft and chewy tapioca pearls, which are extracted from the cassava root. It is available in various flavors, such as lychee, taro, passion fruit, mango, peach, coffee, strawberry and chocolate. It is served in both hot and cold forms with ice usually blended into the mixture, thus creating a smooth or slushy drink, which is consumed with a straw. Bubble tea is a rich source of vitamin C, antioxidants and caffeine, that aid in strengthening the immune system, boosting energy, reducing inflammation and improving cardiovascular health.

Bubble Tea Market Trends:

Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Quick service, fast food and casual dining restaurants and cafes are increasingly experimenting with flavors of bubble teas to provide their consumers with innovative variations of the beverage. Moreover, rising health consciousness among the masses and increasing awareness regarding the benefits of regular consumption of bubble tea are providing a thrust to the market growth. In line with this, shifting consumer preference toward tea and coffee as nootropic beverages among students and working professionals is also contributing to the growth of the market. These drinks have low calorie content and can aid in improving concentration, memory, motivation and learning capabilities. Additionally, various product innovations, such as the launch of bubble teas in exotic flavors and aesthetically appealing packaging, are favoring the market growth. Other factors, including rising expenditure capacities of the consumers, along with the proliferation of social media and retail e-commerce platforms, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bubble tea market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on base ingredients, flavor and component.

Breakup by Base Ingredients:

  • Black Tea
  • Green Tea
  • Oolong Tea
  • White Tea
     

Breakup by Flavor:

  • Original Flavor
  • Coffee Flavor
  • Fruit Flavor
  • Chocolate Flavor
  • Others
     

Breakup by Component:

  • Flavor
  • Creamer
  • Sweetener
  • Liquid
  • Tapioca Pearls
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Boba Loca USA Inc., Bubble Tea Supply, CoCo Fresh Tea & Juice, Fanale Drinks, Fokus Inc, Huey-Yuhe Enterprise Co. Ltd., Kung Fu Tea, Lollicup USA Inc., Quickly Chapel Hill, Sharetea, Troika J C Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Base Ingredients, Flavor, Component, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Boba Loca USA Inc., Bubble Tea Supply, CoCo Fresh Tea & Juice, Fanale Drinks, Fokus Inc, Huey-Yuhe Enterprise Co. Ltd., Kung Fu Tea, Lollicup USA Inc., Quickly Chapel Hill, Sharetea and Troika J C Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Bubble Tea Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Base Ingredients
    6.1    Black Tea
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Green Tea
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Oolong Tea
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    White Tea
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Flavor
    7.1    Original Flavor
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Coffee Flavor
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Fruit Flavor
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Chocolate Flavor
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Component
    8.1    Flavor
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Creamer
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Sweetener
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Liquid
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Tapioca Pearls
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Boba Loca USA Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Bubble Tea Supply
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    CoCo Fresh Tea & Juice
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Fanale Drinks
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Fokus Inc
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Huey-Yuhe Enterprise Co. Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Kung Fu Tea
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Lollicup USA Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Quickly Chapel Hill
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Sharetea
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Troika J C Inc
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Bubble Tea Market: Major Drivers and Challenges
Figure 2: Global: Bubble Tea Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Bubble Tea Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Bubble Tea Market: Breakup by Base Ingredients (in %), 2020
Figure 5: Global: Bubble Tea Market: Breakup by Flavor (in %), 2020
Figure 6: Global: Bubble Tea Market: Breakup by Component (in %), 2020
Figure 7: Global: Bubble Tea Market: Breakup by Region (in %), 2020
Figure 8: Global: Bubble Tea (Black Tea) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Bubble Tea (Black Tea) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Bubble Tea (Green Tea) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Bubble Tea (Green Tea) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Bubble Tea (Oolong Tea) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Bubble Tea (Oolong Tea) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Bubble Tea (White Tea) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Bubble Tea (White Tea) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Bubble Tea (Original Flavor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Bubble Tea (Original Flavor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Bubble Tea (Coffee Flavor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Bubble Tea (Coffee Flavor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Bubble Tea (Fruit Flavor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Bubble Tea (Fruit Flavor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Bubble Tea (Chocolate Flavor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Bubble Tea (Chocolate Flavor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Bubble Tea (Other Flavors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Bubble Tea (Other Flavors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Bubble Tea (Flavor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Bubble Tea (Flavor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Bubble Tea (Creamer) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Bubble Tea (Creamer) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Bubble Tea (Sweetener) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Bubble Tea (Sweetener) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Bubble Tea (Liquid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Bubble Tea (Liquid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Bubble Tea (Tapioca Pearls) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Bubble Tea (Tapioca Pearls) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Bubble Tea (Other Components) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Bubble Tea (Other Components) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: North America: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: North America: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: United States: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: United States: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Canada: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Canada: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Asia-Pacific: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Asia-Pacific: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: China: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: China: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Japan: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Japan: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: India: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: India: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: South Korea: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: South Korea: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Australia: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Australia: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Indonesia: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Indonesia: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Others: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Others: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Europe: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Europe: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Germany: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Germany: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: France: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: France: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: United Kingdom: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: United Kingdom: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Italy: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Italy: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Spain: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Spain: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Russia: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Russia: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Latin America: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Latin America: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Brazil: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Brazil: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Mexico: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Mexico: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Others: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Others: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Middle East and Africa: Bubble Tea Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Middle East and Africa: Bubble Tea Market: Breakup by Country (in %), 2020
Figure 86: Middle East and Africa: Bubble Tea Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Global: Bubble Tea Industry: SWOT Analysis
Figure 88: Global: Bubble Tea Industry: Value Chain Analysis
Figure 89: Global: Bubble Tea Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bubble Tea Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Bubble Tea Market Forecast: Breakup by Base Ingredients (in Million US$), 2021-2026
Table 3: Global: Bubble Tea Market Forecast: Breakup by Flavor (in Million US$), 2021-2026
Table 4: Global: Bubble Tea Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 5: Global: Bubble Tea Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Bubble Tea Market: Competitive Structure
Table 7: Global: Bubble Tea Market: Key Players

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Key Question Answered in this Report

We expect the global bubble tea market to exhibit a CAGR of around 6% during 2021-2026.
 

The growing consumer awareness towards numerous benefits of bubble tea in strengthening the immune system, boosting energy, reducing inflammation, improving cardiovascular health, etc., is primarily driving the global bubble tea market.
 

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of bubble tea.
 

Based on the base ingredients, the global bubble tea market can be segmented into black tea, green tea, oolong tea, and white tea. Currently, black tea holds the majority of the total market share.
 

Based on the flavor, the global bubble tea market has been divided into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others, where fruit flavor currently exhibits a clear dominance in the market.
 

Based on the flavor, the global bubble tea market has been divided into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others, where fruit flavor currently exhibits a clear dominance in the market.
 

Based on the component, the global bubble tea market can be categorized into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Among these, liquid currently accounts for the largest market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
 

Some of the major players in the global bubble tea market include Boba Loca USA Inc., Bubble Tea Supply, CoCo Fresh Tea & Juice, Fanale Drinks, Fokus Inc, Huey-Yuhe Enterprise Co. Ltd., Kung Fu Tea, Lollicup USA Inc., Quickly Chapel Hill, Sharetea, Troika J C Inc, etc.

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