Global Bubble Tea Ingredients Market, By Ingredient Type (Flavoring, Creamer, Sweetener, Liquid, Brewed Tea, Tapioca Pearls, Others), Product Type (Black Tea, Green Tea, Oolong Tea, White Tea), Flavor (Original, Chocolate, Coffee, Fruit, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Bubble Tea Ingredients Market
Bubble tea ingredients market size is expected to grow at a compound annual rate of 5.5% in the forecast period 2021 to 2028 and is likely to reach USD 0.87 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of bubble tea ingredients market in the forecast period of 2021 to 2028.
Bubble tea also known pearl milk tea, bubble milk tea, boba juice, boba tea, is a Taiwanese tea-based beverage. Most of the bubble tea recipes include a tea base blended in with organic product or milk, in which chewy custard balls and organic product jam are often added.
The major growing factor towards bubble tea ingredients market is the rise in preference for tea, coffee and other hot beverages against carbonated drinks. Furthermore, the rise in the health consciousness and the high adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea are also expected to heighten the overall demand for bubble tea ingredients market over the forecast period of 2021 to 2028. Moreover, the rapid rise in the consumption of flavored bubble tea in the young generation and rapid change in the lifestyle of the people are also expected to serve as foremost drivers for the bubble tea ingredients market at a global level. In addition, the various health benefits of bubble tea and increase in the popularity of various kinds of hot beverages are also lifting the growth of the bubble tea ingredients market.
However, the excess sugar content in these drinks leading to health issues and rise in the trend of coffee consumption are projected to act as a restraint towards the growth of bubble tea ingredients market, whereas the easy availability of alternatives can challenge the growth of the bubble tea ingredients market.
Moreover, the rapid advancements in technologies, recommendation from health experts, and untapped potential in emerging markets are expected to further generate new opportunities for the bubble tea ingredients market in the forecast period of 2021 to 2028.
This bubble tea ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bubble tea ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bubble Tea Ingredients Market Scope and Market Size
Bubble tea ingredients market is segmented on the basis of ingredient type, flavor and product type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient type, the bubble tea ingredients market has been segmented into flavoring, creamer, sweetener, liquid, brewed tea, tapioca pearls and others.
The flavor segment of the bubble tea ingredients market has been segmented into original, chocolate, coffee, fruit and others.
- On the basis of product type, the bubble tea ingredients market has been segmented into black tea, green tea, oolong tea and white tea.
Bubble Tea Ingredients Market Country Level Analysis
Bubble tea ingredients market is analyses and market size, volume information is provided by country, ingredient type, flavor and product type as referenced above.
The countries covered in the bubble tea ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the bubble tea ingredients market due to the rise in the awareness regarding healthy lifestyles and high adoption of healthy beverages by health-conscious consumers. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rise in the demand for healthy hot beverages.
The country section of the bubble tea ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bubble Tea Ingredients Market Share Analysis
Bubble tea ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bubble tea ingredients market.
The major players covered in the bubble tea ingredients report are Chatime, KUNG FU TEA, Yen Chuan International Co., Ltd., Gong Cha, Sumo's (M) Sdn Bhd, and Tapioca Express, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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