Published by Coherent Market Insights
Posted on October 8, 2021
3 min readLast updated: January 30, 2026
The global bubble tea market is set to grow at a 5.1% CAGR, reaching $3,122.4 Mn by 2027, driven by urbanization and rising disposable incomes.
[120 Pages Report] The global bubble tea market is projected to reach US$ 3,122.4 Mn by 2027, exhibiting a CAGR of 5.1% during the forecast period (2019-2027).
Bubble tea is considered as a luxury and is considered as a premium beverage. Therefore, growing urbanization, changing food habits, and rising disposable income, especially in emerging economies, are major drivers for growth of the bubble tea market. Rising disposable income is a major reason for increasing demand for fancy cafes and expensive food & beverages.
Bubble tea is gaining popularity owing to its distinct taste and availability of various flavors, such as fruits, coffee, Chocolate and simple classic. These beverages are prepared with ice, sugar, and flavored syrups. Rising preference for tea, coffee, and other hot beverages over carbonated drinks is projected to boost the demand for bubble tea.
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Top Key Vendors
Players active in the market are Teapioca Lounge, OCOCO International Co., Ltd., Kung Fu Tea, Lollicup Coffee & Tea, Vivi Bubble Tea, Chatime, Boba Guys, Chill Bubble Tea, Boba Tea Company, and Real Fruit Bubble Tea.
Market Dynamic
Increasing demand for non-alcoholic beverages across the globe is driving growth of the flavor type segment in the bubble tea market. According to data published in Agricultural and Resource Economics Review, the sales of non-alcoholic beverages such as tea, milk, coffee, energy drinks, bottled water, juice, and soft drinks in the U.S.
Key features of the study:
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https://www.coherentmarketinsights.com/ongoing-insight/herbal-tea-market-1324
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The post At a CAGR of 5.1%, Bubble Tea Market 2021 | Top Vendor Teapioca Lounge, OCOCO International Co., Ltd., Kung Fu Tea appeared first on Gatorledger.
The article discusses the growth and trends of the global bubble tea market, projected to reach $3,122.4 Mn by 2027.
What factors are driving the bubble tea market growth? Urbanization and rising disposable incomes are key drivers.
Who are the major players in the bubble tea market? Key vendors include Teapioca Lounge, OCOCO International, and Kung Fu Tea.
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