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

Global 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).

Social media has contributed to bubble tea's widespread popularity. The popularity of boba in Southeast Asia has led to a 3,000% spike in bubble tea orders on GrabFood. GrabFood reached almost 4,000 bubble tea restaurants in May 2021, according to a blog posted on the Grab app. This is a 200 percent increase in outlets for the company. The market is expanding due to the increasing demand for snacks and beverages made with boba.

Demand for bubble tea has also grown as people are choosing healthy drinks over carbonated ones more frequently. For instance, Bubble Tea Club received $ 1.1 million in June 2021 to support a rising consumer base. Manufacturers have been motivated to provide new goods due to expanding investments in research and development as well as growing customer knowledge of the advantages of products made with natural, organic, and vegan tapioca pearls. For instance, the cosmetics company Botanist added blue-hued boba tea produced with pea-based milk to its in-store café menu in the Tokyo neighbourhood of Harajuku in August 2021, expanding its product line to include bubble tea. The popularity of exploding boba and bubble foods and drinks has been fueled by the variety of sauces and toppings, flavours, and combinations of taste and texture that are available.

US Bubble Food & Beverages Market is poised to grow at a sustainable CAGR for the next forecast year.