Global Bubble Food & Beverages Market Size study, by Product (Fruit Snacks, Desserts, Fruits Beverages, Bubble Tea, Others), by Source (Tapioca-based, Bursting Bubble), by Distribution Channel (Off-trade, On-trade) and Regional Forecasts 2022-2028

Global Bubble Food & Beverages Market Size study, by Product (Fruit Snacks, Desserts, Fruits Beverages, Bubble Tea, Others), by Source (Tapioca-based, Bursting Bubble), by Distribution Channel (Off-trade, On-trade) and Regional Forecasts 2022-2028

Global Bubble Food & Beverages Market is valued approximately USD 4.05 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.2 % over the forecast period 2022-2028. The rising popularity of boba-based snacks and drinks is propelling the sector forward.. Furthermore, the growing preference for healthy beverages over carbonated beverages has increased demand for bubble tea. It is produced by combining tea (green tea, black tea, oolong tea, and so on) with milk as a foundation, as well as boba (chewy balls) and fruit jelly. Furthermore, social media has played a significant part in the global popularity of bubble tea. Southeast Asia has a high demand for boba, which increased bubble tea orders on GrabFood by a whopping 3,000 percent in 2018. According to a blog published on the Grab in May 2019, due to increased customer demand, GrabFood reached approximately 4,000 bubble tea shops, representing a 200 percent increase in outlets for the region. Increasing R&D spending, along with increased consumer awareness of the advantages of goods incorporating organic, vegan, and natural tapioca pearls, have pushed producers to offer new products. Botanist, for example, expanded its product selection to the bubble tea market in August 2019 by delivering blue-hued boba tea produced with pea-based milk at its in-store café in Tokyo's Harajuku neighborhood. Furthermore, Del Monte Foods, Inc. introduced Joyba Bubble Tea in a variety of varieties in October 2021, including strawberry lemonade green tea, raspberry dragon fruit black tea, mango passionfruit green tea, and cherry hibiscus tea. However, the availability of raw materials hampers market expansion over the projection period of 2022-2028.

The key regions considered for the Global Bubble Food & Beverages Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific emerged as the market leader. This is due to growing consumer knowledge of bubble foods and beverages in countries such as China, Thailand, Australia, and New Zealand. In addition, a rising number of product releases in major regions such as China, Thailand, and Australia are expected to promote segment development. North America is predicted to be the second-largest regional market, with a considerable CAGR between 2022 and 2030. Consumers in nations such as the United States and Canada are ready to pay a premium for healthy meals and beverages, which is increasing demand for bubble food and beverages. Furthermore, the increasing number of product releases by significant businesses in the region will contribute to overall growth.

Major market player included in this report are:
Del Monte Foods Inc.
Modoo Food Ltd.
Bubble Tea Club
Bubble Tea House Company
Fokus Inc.
Gong Cha
Chatime
Lollicup USA, Inc.
Bubble Tea Supply Inc.
Ten Ren’s Tea Time
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Fruit Snacks
Desserts
Fruits Beverages
Bubble Tea
Others
By Source:
Tapioca-based
Bursting Bubble
By Distribution Channel:
Off-trade
On-trade
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Bubble Food & Beverages Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Del Monte Foods Inc.
Modoo Food Ltd.
Bubble Tea Club
Bubble Tea House Company
Fokus Inc.
Gong Cha
Chatime
Lollicup USA, Inc.
Bubble Tea Supply Inc.
Ten Ren’s Tea Time

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