
GCC Bubble Food and Beverages Market, By Product (Desserts, Bubble Tea); By Source (Tapioca-based, Bursting Bubble); By Distribution Channel (Off-Trade, On-Trade); By Country (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain), Trend Analysis, Competitive L
Description
GCC Bubble Food and Beverages Market, By Product (Desserts, Bubble Tea); By Source (Tapioca-based, Bursting Bubble); By Distribution Channel (Off-Trade, On-Trade); By Country (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain), Trend Analysis, Competitive Landscape & Forecast, 2022–2028
GCC Bubble Food and Beverages Market Set to Expand at Significant CAGR of 13.4% during 2022–2028
GCC bubble food and beverages market is flourishing because of rising popularity of boba-based food and beverages (F&Bs), a growing emphasis on research and development in F&Bs, stringent halal labelling and F&B certification norms, and increasing health awareness among consumers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects GCC (Gulf Cooperation Council) bubble food and beverages market size to expand at a high CAGR of 13.4% during the forecast period between 2022 and 2028. The expansion of GCC bubble food and beverages market is driven by increasing popularity of boba-based snacks and drinks, rising consumer health consciousness, and demanding halal labeling and certification standards. Millennials and generation Z spur the demand for bubble food and drinks and their growing inclination for convenience, high-quality standards, and nutritious beverages are projected to fuel the growth of GCC bubble food and beverages market. Furthermore, deepening social media penetration and availability of boba as well as bubble-based snacks and beverages in a variety of combinations of taste and texture, and sauces, toppings and tastes are expected to further drive the market during the forecast period. However, the availability of other alternative beverages is anticipated to limit the growth of GCC bubble food and beverages market during the period in analysis.
GCC Bubble Food and Beverages Market – Overview
Bubble tea, a Taiwanese tea-based beverage, was originated in Tainan and Taichung. It is also known as pearl milk tea, boba juice, bubble milk tea, or simply boba or boba tea. Most of bubble tea formulations commence with a tea base that has been mixed with fruit or milk along with chewy tapioca balls, sometimes known as bubbles, pearls, boba, and fruit jelly. Ice-blended drinks often have a slushy consistency and incorporate fruit or syrup. The beverage is available in a range of flavors and comprises a variety of ingredients. Tapioca-infused bubble milk tea and tapioca-infused bubble milk green tea are the two most popular tastes.
GCC bubble food and beverages market is booming due to growing popularity of boba-based snacks and drinks. Effective advertising campaigns and celebrity endorsements have also contributed to the growth of bubble food and beverages market in the GCC region. The development of several new flavors and combinations and the increasing demand for a variety of beverages among youngsters are expected to provide lucrative growth opportunities for major players in GCC bubble food and beverages market.
Segmental Information
GCC Bubble Food and Beverages Market – By Distribution Channel
Based on distribution channel, GCC food and beverages market is segmented into Off-trade and On-trade channels. The off-trade distribution channel segment holds a higher share in the market. The off-trade segment includes online stores, hypermarkets, grocery stores, and other retailers. Due to increasing use of smartphones and deepening penetration of internet across GCC countries, consumers have access to e-commerce platforms and online businesses that market their products to all consumer touchpoints. It is expected to propel the growth of off-trade segment in GCC food and beverages market during the forecast period.
Impact of COVID-19 on GCC Bubble Food and Beverages Market
COVID-19 pandemic had a detrimental impact on most of the sectors especially bubble food and beverages market due to stringent lockdown imposition on restaurants, farms, and processing units to maintain safety precautions and social distancing. Due to a lack of staff and fewer consumer visits to coffee shops, this resulted in transportation delays and the operation of both supply and demand for consumption points came to a halt. It, consequently, affected the growth of GCC bubble food and beverages market.
Competitive Landscape
GCC Bubble Food and Beverages Market is highly competitive. Prominent players in the market include Del Monte Foods, Happy Lemon, Sharetea, Zero Degrees, Booba, The Bubble Tea, TabiBoba Café, Go-Ssip, iTea Café, and Chobcha. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, mergers and acquisitions, collaborations, partnerships, and joint ventures.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Bubble Food and Beverages Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Bubble Food and Beverages Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
GCC Bubble Food and Beverages Market Set to Expand at Significant CAGR of 13.4% during 2022–2028
GCC bubble food and beverages market is flourishing because of rising popularity of boba-based food and beverages (F&Bs), a growing emphasis on research and development in F&Bs, stringent halal labelling and F&B certification norms, and increasing health awareness among consumers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects GCC (Gulf Cooperation Council) bubble food and beverages market size to expand at a high CAGR of 13.4% during the forecast period between 2022 and 2028. The expansion of GCC bubble food and beverages market is driven by increasing popularity of boba-based snacks and drinks, rising consumer health consciousness, and demanding halal labeling and certification standards. Millennials and generation Z spur the demand for bubble food and drinks and their growing inclination for convenience, high-quality standards, and nutritious beverages are projected to fuel the growth of GCC bubble food and beverages market. Furthermore, deepening social media penetration and availability of boba as well as bubble-based snacks and beverages in a variety of combinations of taste and texture, and sauces, toppings and tastes are expected to further drive the market during the forecast period. However, the availability of other alternative beverages is anticipated to limit the growth of GCC bubble food and beverages market during the period in analysis.
GCC Bubble Food and Beverages Market – Overview
Bubble tea, a Taiwanese tea-based beverage, was originated in Tainan and Taichung. It is also known as pearl milk tea, boba juice, bubble milk tea, or simply boba or boba tea. Most of bubble tea formulations commence with a tea base that has been mixed with fruit or milk along with chewy tapioca balls, sometimes known as bubbles, pearls, boba, and fruit jelly. Ice-blended drinks often have a slushy consistency and incorporate fruit or syrup. The beverage is available in a range of flavors and comprises a variety of ingredients. Tapioca-infused bubble milk tea and tapioca-infused bubble milk green tea are the two most popular tastes.
GCC bubble food and beverages market is booming due to growing popularity of boba-based snacks and drinks. Effective advertising campaigns and celebrity endorsements have also contributed to the growth of bubble food and beverages market in the GCC region. The development of several new flavors and combinations and the increasing demand for a variety of beverages among youngsters are expected to provide lucrative growth opportunities for major players in GCC bubble food and beverages market.
Segmental Information
GCC Bubble Food and Beverages Market – By Distribution Channel
Based on distribution channel, GCC food and beverages market is segmented into Off-trade and On-trade channels. The off-trade distribution channel segment holds a higher share in the market. The off-trade segment includes online stores, hypermarkets, grocery stores, and other retailers. Due to increasing use of smartphones and deepening penetration of internet across GCC countries, consumers have access to e-commerce platforms and online businesses that market their products to all consumer touchpoints. It is expected to propel the growth of off-trade segment in GCC food and beverages market during the forecast period.
Impact of COVID-19 on GCC Bubble Food and Beverages Market
COVID-19 pandemic had a detrimental impact on most of the sectors especially bubble food and beverages market due to stringent lockdown imposition on restaurants, farms, and processing units to maintain safety precautions and social distancing. Due to a lack of staff and fewer consumer visits to coffee shops, this resulted in transportation delays and the operation of both supply and demand for consumption points came to a halt. It, consequently, affected the growth of GCC bubble food and beverages market.
Competitive Landscape
GCC Bubble Food and Beverages Market is highly competitive. Prominent players in the market include Del Monte Foods, Happy Lemon, Sharetea, Zero Degrees, Booba, The Bubble Tea, TabiBoba Café, Go-Ssip, iTea Café, and Chobcha. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, mergers and acquisitions, collaborations, partnerships, and joint ventures.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Bubble Food and Beverages Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Bubble Food and Beverages Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
150 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Market Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. GCC Bubble Food and Beverages Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing investments in R&D of bubble beverages
- 3.2.1.2. Stringent regulatory frameworks for mandatory halal labeling and certification rules
- 3.2.2. Restraints
- 3.2.3. Opportunities
- 3.2.3.1. Rising popularity of bubble tea through social media platforms
- 3.2.4. Challenges
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. GCC Bubble Food and Beverages Market Overview
- 4.1. Market Size & Forecast, by Value, 2018–2028
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product
- 4.2.1.1. Desserts
- 4.2.1.2. Bubble Tea
- 4.2.1.3. Others
- 4.2.2. By Source
- 4.2.2.1. Tapioca-based
- 4.2.2.2. Bursting Bubble
- 4.2.2.3. Others
- 4.2.3. By Distribution Channel
- 4.2.3.1. Off-Trade
- 4.2.3.2. On-Trade
- 4.2.4. By Country
- 4.2.4.1. Saudi Arabia
- 4.2.4.2. UAE
- 4.2.4.3. Qatar
- 4.2.4.4. Kuwait
- 4.2.4.5. Oman
- 4.2.4.6. Bahrain
- 5. Saudi Arabia Bubble Food and Beverages Market Overview
- 5.1. Market Size & Forecast, by Value, 2018–2028
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.2. By Source
- 5.2.3. By Distribution Channel
- 6. UAE Bubble Food and Beverages Market Overview
- 6.1. Market Size & Forecast, by Value, 2018–2028
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Source
- 6.2.3. By Distribution Channel
- 7. Qatar Bubble Food and Beverages Market Overview
- 7.1. Market Size & Forecast, by Value, 2018–2028
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Source
- 7.2.3. By Distribution Channel
- 8. Kuwait Bubble Food and Beverages Market Overview
- 8.1. Market Size & Forecast, by Value, 2018–2028
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Source
- 8.2.3. By Distribution Channel
- 9. Oman Bubble Food and Beverages Market Overview
- 9.1. Market Size & Forecast, by Value, 2018–2028
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Source
- 9.2.3. By Distribution Channel
- 10. Bahrain Bubble Food and Beverages Market Overview
- 10.1. Market Size & Forecast, by Value, 2018–2028
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Source
- 10.2.3. By Distribution Channel
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. GCC Bubble Food and Beverages Company Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and Others)
- 12. Impact of Covid–19 on GCC Bubble Food and Beverages Market
- 13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 13.1. Del Monte Foods
- 13.2. Happy Lemon
- 13.3. Sharetea
- 13.4. Zero Degrees
- 13.5. Booba
- 13.6. The Bubble Tea
- 13.7. TabiBoba Café
- 13.8. Go-Ssip
- 13.9. iTea Café
- 13.10. Chobcha
- 13.11. Other Prominent Players
- 14. Key Strategic Recommendations
- 15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumptions & Limitations
- *Financial information in case of non–listed companies can be provided as per the availability.
- **The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.
- List Of Figures
- Figure 1 GCC Bubble Food and Beverages Market Segmentation
- Figure 2 GCC Bubble Food and Beverages Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 GCC Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
- Figure 5 GCC Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
- Figure 6 GCC Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
- Figure 7 GCC Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
- Figure 8 GCC Bubble Food and Beverages Market Share, By Country, By Value, 2018–2028
- Figure 9 Saudi Arabia Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
- Figure 10 Saudi Arabia Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
- Figure 11 Saudi Arabia Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
- Figure 12 Saudi Arabia Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
- Figure 13 UAE Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
- Figure 14 UAE Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
- Figure 15 UAE Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
- Figure 16 UAE Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
- Figure 17 Qatar Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
- Figure 18 Qatar Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
- Figure 19 Qatar Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
- Figure 20 Qatar Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
- Figure 21 Kuwait Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
- Figure 22 Kuwait Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
- Figure 23 Kuwait Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
- Figure 24 Kuwait Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
- Figure 25 Oman Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
- Figure 26 Oman Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
- Figure 27 Oman Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
- Figure 28 Oman Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
- Figure 29 Bahrain Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
- Figure 30 Bahrain Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
- Figure 31 Bahrain Oman Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
- Figure 32 Bahrain Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
- List Of Tables
- Table 1 GCC Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
- Table 2 GCC Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
- Table 3 GCC Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
- Table 4 GCC Bubble Food and Beverages Market Size, By Country, By Value, 2018–2028
- Table 5 Saudi Arabia Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
- Table 6 Saudi Arabia Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
- Table 7 Saudi Arabia Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
- Table 8 UAE Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
- Table 9 UAE Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
- Table 10 UAE Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
- Table 11 Qatar Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
- Table 12 Qatar Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
- Table 13 Qatar Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
- Table 14 Kuwait Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
- Table 15 Kuwait Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
- Table 16 Kuwait Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
- Table 17 Oman Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
- Table 18 Oman Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
- Table 19 Oman Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
- Table 20 Bahrain Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
- Table 21 Bahrain Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
- Table 22 Bahrain Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
- Table 23 Del Monte Foods Company Overview
- Table 24 Del Monte Foods Financial Overview
- Table 25 Happy Lemon Company Overview
- Table 26 Happy Lemon Financial Overview
- Table 27 Sharetea Company Overview
- Table 28 Sharetea Financial Overview
- Table 29 Zero Degrees Company Overview
- Table 30 Zero Degrees Financial Overview
- Table 31 Booba Company Overview
- Table 32 Booba Financial Overview
- Table 33 The Bubble Tea Company Overview
- Table 34 The Bubble Tea Financial Overview
- Table 35 TabiBoba Café Company Overview
- Table 36 TabiBoba Café Financial Overview
- Table 37 Go-Ssip Company Overview
- Table 38 Go-Ssip Financial Overview
- Table 39 iTea Café Company Overview
- Table 40 iTea Café Financial Overview
- Table 41 Chobcha Company Overview
- Table 42 Chobcha Financial Overview
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