At a CAGR of 5.1%, Bubble Tea Market 2021 | Top Vendor Teapioca Lounge, OCOCO International Co., Ltd., Kung Fu Tea

[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:

• This report provides in-depth analysis of global Bubble Tea market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
• North America accounted for the largest revenue share of 47.9% in the global bubble tea market in 2018, and is projected to continue its dominance during 2019-2027. Increasing consumption of different types of tea in North America is expected to boost the bubble tea market growth in the region.
• Major players operating in the global bubble tea 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

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https://www.coherentmarketinsights.com/insight/buy-now/2997

[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.

Ask for sample Copy of This report @
https://www.coherentmarketinsights.com/insight/request-sample/2997

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:

• This report provides in-depth analysis of global Bubble Tea market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
• North America accounted for the largest revenue share of 47.9% in the global bubble tea market in 2018, and is projected to continue its dominance during 2019-2027. Increasing consumption of different types of tea in North America is expected to boost the bubble tea market growth in the region.
• Major players operating in the global bubble tea 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

Get Special Discount (Flat 2000 USD) on this Premium Report:
https://www.coherentmarketinsights.com/insight/buy-now/2997