Market research and analysis:The market for Bubble Tea is expected to grow steadily over the next few years

Published Date: Friday,26 May,2023

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biaoQian Bubble Tea

Global Info Research report 《Global Bubble Tea Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029》 This report provides a basic overview of the Bubble Tea market, including definitions, classifications, applications, and industry chain structures, and also discusses development policies and plans as well as manufacturing processes and cost structures, and analyzes the development of the Bubble Tea market The current situation and future market trends, and analyze the main production areas, main consumption areas and main manufacturers of the Bubble Tea market from the perspectives of production and consumption.

Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a China Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. There are many varieties of the drink with a wide range of ingredients. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca.

According to our (Global Info Research) latest study, the global Bubble Tea market size was valued at USD 8295.5 million in 2022 and is forecast to a readjusted size of USD 26870 million by 2029 with a CAGR of 18.3% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Chatime, Coco Fresh, Gong Cha and Quickly are the main manufacturers of bubble milk tea, with the top three accounting for about 15% of the whole market.

Asia-Pacific is estimated to have a major share in the global market with nearly 60%.

This report is a detailed and comprehensive analysis for global Bubble Tea market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

This report profiles key players in the global Bubble Tea market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kung Fu Tea, Gong Cha, Boba Guys, Chatime and ShareTea, etc

Read More Information:https://www.globalinforesearch.com/reports/990580/bubble-tea

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