Bubble Tea Market Hits USD 1.68 Billion in 2022, Charts Course for 7.23% CAGR Soar Until 2030

Global Bubble Tea Market A Dive from USD 1.68 Billion in 2022/by 2030 | MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Global Bubble Tea Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2030: Revealing Bubble Tea Market Insights and Analysis

The global bubble tea market size reached USD 1.68 Billion in 2022 and is projected to grow at a CAGR of around 7.23% during the forecast period, i.e., 2024-30.

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Key Drivers: Increasing Consumer Inclination toward Healthy Drinks

The mounting prevalence of lifestyle disorders like obesity & diabetes owing to the busy lifestyles of consumers has compelled them to shift toward healthy beverages like ginger & boba teas, mainly due to their easy customization with various bases & toppings like jellies, fruit bits, syrups, & tapioca balls, i.e., prime aspect projected to drive the Bubble Tea Market during 2024-30. Green tea-based milk tea helps lower blood pressure as well as the risk of cancer.

In addition, the moderate consumption of bubble tea improves the balance of vitamins & minerals in the human body owing to the presence of numerous inclusions like fruit bits, cream, & yogurt, among others. Moreover, the growing working class populace in developing countries, increasing establishment of boba tea outlets, and rising health consciousness among consumers are also promoting the adoption of bubble tea globally and thus driving the market.

A Comprehensive Overview of Geographical Diversity:

the Global Bubble Tea Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Bubble Tea Market Segmentation Outline:

• By Base Tea (Black Tea, Green Tea, Oolong Tea, White Tea)
• By Flavor (Fruit, Original, Coffee, Chocolate, Others )

Competitive Outlook

Kung Fu Tea, Quickly, Lollicup USA, Inc., Bubble Tea Supply, Inc., Ten Ren’s Tea Time, Gong Cha, ChaTime, Bobabox Ltd., Fokus, Inc., Coco Fresh Tea and Juice, Happy Lemon, Cuppotee, Tiger Sugar, Grand Chainly Enterprise, Share Tea.

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