Fruit Based Segment to Account for 45.87% Global Popping Boba/Juice Balls Market Share

 According to the Tea Association of the United States data, over 150 million individuals in the United States drink tea daily, with black tea accounting for over 82% of all tea drunk. Due to the increasing research and innovation of many types of tea, the US bubble tea industry is expected to increase significantly. The rising demand for bubble tea is anticipated to enhance the market. Popping boba, also known as popping pearls, is a thin, gel-like boba used to create various beverages. Popping boba/juice balls, as the name implies, contain liquid that bursts when squeezed and may contain water, sugar, fruit juice, or other flavors.

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Data Bridge Market Research analyses that the popping boba/juice balls market is expected to grow at a CAGR of 5.8% in the forecast period of 2021 to 2028 and is expected to reach USD 2,766,552.48 thousand by 2028. The rise of the popping boba/juice balls market is fueled by growing personal disposable income and increased number of hotels, restaurants and other food and beverage outlets, particularly in developing nations. Changing lifestyles, westernization, rising research and development initiatives taken by major companies, particularly in developing economies, increasing accessibility and easy availability of product through organized distribution channels, surging introduction of new and advanced products, increasing health consciousness among consumers, and on-going shift in dietary habits among consumers are all acting as market growth determinants for the boba/juice balls market.  

Popping Boba/Juice Balls Market

Surging consumption of confectionary products is expected to drive the market's growth rate during the forecast period.

Confectionary refers to the products which contain high sugar and carbohydrates. The wide range of confectionaries are available and they are mainly categorized into two broad forms: bakers' confectionery and sugar confectionery. Cakes, baked goods, and similar flour-based products fall under bakers' confectionery while candies chocolates, and other similar products fall under sugar confectioneries. Popping boba is available in various flavors and has applications as toppings in both the class of confectionaries.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2021 to 2028

Base Year

2020

Historic Years

2019 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Fruit Based, Chocolate, Yogurt, Coffee and Others), Catergory (Conventional, Vegan), Range (Standard/Simple, Premium), Ingredients (Water, Sugar, Fruit Juice, Calcium Lactate, Seaweed Extact, Malic Acid, Potassium Sorbate, Colouring, Fruit Flavourings and Others), Application (Bubble Tea, Smoothies, Milkshakes, Frozen Yogurts, Cake Topping, Ice Cream Topping, Puddings and Others), End User (Food Service Providers, Household Cooking and Others), Distibution Channel ( Store Based Retailers and Non-Store Based)

Countries Covered

U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Germany, Spain, France, Italy, U.K., Belgium, Netherlands, Switzerland, Russia, Turkey, Rest of Europe, Saudi Arabia, South Africa, Kuwait, U.A.E., Rest of Middle East and Africa.

Market Players Covered

Krishna Food India Company LTD (India), Cravingz Food Private Limited (India),Boba Box Limited (U.K.), Leadway International Inc. (U.S.), Hangzhou Boduo Industrial Trade Co., Ltd (China), TING JEAN FOODS INDUSTRY CO., LTD (Taiwan), Hesheng food resources co.,ltd (Taiwan), Sunnysyrup Food Co, Ltd. (Taiwan), Hainan Boyi Biotechnology Development Co., Ltd. (China), CHEN EN FOOD PRODUCT ENTERPRISE CO., LTD (Taiwan),Leadway International Inc. (U.S.), ShanghaiLecocqIndustryCo.,Ltd. (China), Possmei international Co., Ltd. (U.S.)

Data Pointers Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Segment Analysis:

The popping boba/juice balls market is segmented on the basis of product type, category, range, ingredients, application, end user and distribution channel.

  • On the basis of product type, the popping boba/juice balls market is segmented into fruit based, chocolate, yogurt, coffee and others. In 2021, the fruit based segment is expected to dominate the market with a 45.87% market share because extensive range of fruits based popping boba/juice balls are available in the market including berries, cherry, orange, pineapple, green apple, pomegranate, mango, kiwi, lychee, peach, passion fruit, plum and others.
  • On the basis of category, the popping boba/juice balls market is segmented into conventional and vegan. In 2021, vegan segment is expected to dominate the market with a 60.79% market share because vegan based popping boba/juice balls are highly demanded among the consumers due to their huge benefits.

In 2021, the vegan segment of category segment is anticipated to dominate the popping boba/juice balls market.

In 2021, the vegan segment of this market will dominate the popping boba/juice balls market because vegan based popping boba/juice balls are highly demanded among the consumers due to their huge benefits. The vegan segment is expected reach the highest CAGR of 8.0% in the forecast period of 2021-2028.

  • On the basis of range, the popping boba/juice balls market is segmented into standard/simple and premium. In 2021, standard/simple segment is expected to dominate the market with a 52.97% market share in 2021 because standard/simple based popping boba/juice balls are cheaper and more variant for the consumers.
  • On the basis of ingredients, the popping boba/juice balls market is segmented into water, sugar, fruit juice, calcium lactate, seaweed extract, malic acid, potassium sorbate, colouring, fruit flavourings and others. In 2021, water segment is expected to dominate the market with a 21.14% market share because in the manufacturing process of popping boba/juice balls, wide range of ingredients are used including water, sugar, fruit juice, calcium lactate, seaweed extract, malic acid, potassium sorbate, colouring, fruit flavourings and others, among all these ingredients, water is the most essential ingredient for making popping boba which helps to boost its demand in the forecast year.
  • On the basis of application, the popping boba/juice balls market is segmented into bubble tea, smoothies, milkshakes, frozen yogurts, cake topping, ice cream topping, puddings and others. In 2021, bubble tea segment is expected to dominate the market with a 22.54% market share because among all the applications, popping boba/juice balls are widely used in bubble tea.  
  • On the basis of end user, the popping boba/juice balls market is segmented into food service providers, household cooking and others. In 2021, food service providers segment is expected to dominate the market with a 67.76% market share because popping boba/juice balls are widely used among all the food service providers including restaurants, hotels and bars, café, catering, among others which helps to boost its demand in the forecast year.

In 2021, the food service providers segment is projected to hold the largest share of end user segment in the popping boba/juice balls market.

In 2021, the food service providers segment is anticipated to hold the largest share of global popping boba/juice balls market because popping boba/juice balls are widely used among all the food service providers including restaurants, hotels and bars, café, catering, among others which helps to boost its demand in the forecast year. The food service providers segment is growing with a CAGR of 8.4% in the forecast period of 2021 to 2028.

  • On the basis of distribution channel, the popping boba/juice balls market is segmented into store based retailers and non-store based. In 2021, the store based retailers segment is expected to dominate the market with a 52.84% market share because popping boba/juice balls are easily available in the store based retailers including hypermarkets/supermarkets, grocery stores, convenience stores, specialty stores and others.

Major Players

Data Bridge Market Research recognizes the following companies as the major popping boba/juice balls market players in popping boba/juice balls market are Krishna Food India Company LTD (India), Cravingz Food Private Limited (India),Boba Box Limited (U.K.), Leadway International Inc. (U.S.), Hangzhou Boduo Industrial Trade Co., Ltd (China), TING JEAN FOODS INDUSTRY CO., LTD (Taiwan).

Popping Boba/Juice Balls Market

Market Development

  • In January 2021, Boba Box Limited announced the launched 15 new flavors of juice balls in 2020 and several other products. The new products have helped the company extend its product portfolio and improve its revenue.
  • In December 2020, Hesheng food resources co., ltd announced its participation in "Food Taipei." It is a prestigious food show in Taipei City. The participation is estimated to enhance the consumer base of the company.

Regional Analysis

Geographically, the countries covered in the popping boba/juice balls market report are U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Germany, Spain, France, Italy, U.K., Belgium, Netherlands, Switzerland, Russia, Turkey, Rest of Europe, Saudi Arabia, South Africa, Kuwait, U.A.E., Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is the dominant region in popping boba/juice balls market during the forecast period 2021 - 2028

North America will continue to dominate the popping boba/juice balls market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the growing number of population and changing lifestyle of people in this region. U.S. dominates the North American region as popping boba/juice balls products are highly manufactured and consumed there.

Europe is estimated to be the fastest-growing region in popping boba/juice balls market the forecast period 2021 - 2028

Europe is anticipated to grow at the highest rate during the forecast period of 2021-2028 due to the rising level of disposable income and presence of major key players in this region. Germany dominates the European region because of the increasing cultural shift experienced in the region's food culture.

COVID-19 Impact Analysis

COVID-19 had an impact on the market. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations, resulting from multiple precautionary lockdowns and other limitations imposed by governments all over the world. The disruption in the supply chain caused by the COVID-19 outbreak has severely impacted the raw material supply chain. The usage of functional mushrooms causes the disruption in the supply chain of end-user industries in the production of popping boba/juice balls. It was blamed on a shortage of resources and logistics, which resulted in limited access, delayed stock, and raw material deliveries. The various applications of changing customer purchasing patterns and increasing demand for popping boba/juice balls have boosted demand for popping boba/juice balls post-COVID.

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