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We expect the global bubble tea market to exhibit a CAGR of 7.39% during 2022-2027.
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 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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