What is the global market size of the Bubble Food & Beverages Market?

Global Bubble Food & Beverages Market size was valued at USD 4.07 billion in 2021 and is poised to grow from USD 4.45 billion in 2022 to USD 8.35 billion by 2030, at a CAGR of 9.4% during the forecast period (2023-2030).

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

Q: Which region accounted for the largest share in the Global Bubble Food & Beverages Market?

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.

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

Bubble Food & Beverages Market News

In May 2022, to satisfy client demand, Barroco by Café De Bangkok will start selling boba tea in about 21 flavours, including cotton candy and Japanese sweet potato. Together with delectable Thai bubble tea, the café offers cream cheese versions.

In April 2022, Better boba alternatives were released nationally by the New York-based startup BUBLUV. There are three varieties available, including Passion Fruit Oolong Guava with Tapioca Pearls, Matcha Soy Latte with Tapioca Pearls, and Black Milk Tea with Tapioca Pearls. The beverage is essentially keto-friendly and gluten-free.

In March 2022, Due to the pearl milk tea trend's increased market clout throughout the world, several Indian cities, including Thiruvananthapuram and others, have begun putting this Taiwanese beverage on their menus.

Bubble Food & Beverages Market Report Snapshots

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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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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

Bubble Food & Beverages Market News

Bubble Food & Beverages Market Report Snapshots

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