Global Bubble Food & Beverages Market

Bubble Food & Beverages Market Size, Share, Growth Analysis, By Product(Fruits Snacks, Desserts, Bubble Tea, Others), By Source(Tapioca-based, Bursting Bubbles), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30G2046 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 63 | Figures: 77

Bubble Food & Beverages Market Regional Insights

In 2021, the Asia Pacific region dominated the global market and had the highest revenue share of about 36.3%. This is explained by a rise in the popularity of bubble meals and drinks in nations like China, Thailand, Australia, and New Zealand. Additionally, the segment development is projected to be aided by an increase in the number of product releases in important regions like China, Thailand.

From 2022 to 2030, North America is anticipated to grow significantly, making it the second-largest regional market. The market for bubble food and beverages is being driven by consumers' strong willingness to spend for healthy foods and beverages in nations like the U.S. and Canada. A further factor supporting the overall growth is the increasing number of product launches by important regional businesses.

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Bubble Food & Beverages Market size was valued at USD 4.45 Billion in 2022 and is poised to grow from USD 4.87 Billion in 2023 to USD 9.99 Billion by 2031, at a CAGR of 9.40% during the forecast period (2024-2031).

International and domestic players might be found in the market. The main companies in the industry put their attention on tactics like innovation and the introduction of new products to expand their portfolio offerings. 'Lollicup USA Inc. (USA)', 'Kung Fu Tea (USA)', 'Gong Cha (Taiwan)', 'Coco Fresh Tea & Juice (Taiwan)', 'Chatime (Taiwan)', 'Sharetea (Taiwan)', 'Boba Guys (USA)', 'Happy Lemon (China)', 'The Alley (Taiwan)', 'Presotea (Taiwan)', 'Tiger Sugar (Taiwan)', 'Ten Ren's Tea (Taiwan)', 'Yifang Fruit Tea (China)', 'Royaltea (China)', 'Nayuki (China)', 'Heytea (China)', 'Vivi Bubble Tea (USA)', 'TP Tea (Taiwan)', 'Quickly (USA)', 'Comebuy (Taiwan)', 'HappyFresh (India)', 'Biju Bubble Tea (Canada)'

The market has a wide selection of flavours and types, including black, fruit-flavored, and green jasmine tea. Fruit-flavored tea comes in a variety of flavours, including sweetened fruit drinks and cream drinks that have fruit flavour. Those who cannot tolerate lactose can drink black, green jasmine, and other types of tea. The availability of numerous boba tea kinds gives the consumer more options. This marketing strategy helps to increase the number of customers. Companies are also developing novel flavours and mixes in an effort to attract customers.

The rise of social media has had a significant impact on the food and beverage industry, and the bubble food and beverage market is no exception. Many bubble tea shops and cafes have gained a significant following on social media platforms by creating visually stunning drinks that are designed to be shared and photographed. These drinks often feature vibrant colors, creative toppings, and unique serving vessels.

In 2021, the Asia Pacific region dominated the market and had the highest revenue share of about 36.3%. This is explained by a rise in the popularity of bubble meals and drinks in nations like China, Thailand, Australia, and New Zealand. Additionally, the segment development is projected to be aided by an increase in the number of product releases in important regions like China, Thailand.

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Global Bubble Food & Beverages Market

Report ID: SQMIG30G2046

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