Over the past few year, factors such as Introduction to Flavored Bubble Tea
have contributed to the development of the Global Bubble Tea market.
Undoubtedly, Health Benefits Associated with Bubble Tea
is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Bubble Tea market is expected to make a significant contribution, with an estimated market to reach USD3.6 Billion by 2030 growing at a CAGR of 7.15%.
AMA research has engaged in the competitive assessment of China & Global Bubble Tea Vendors for 5 years. The Top 10 Competitive Vendors in the Bubble Tea in 2023 clearly displays the competitive situations of main Bubble Tea Vendorsin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, Asian and North American occupying half of the list . Players like Kung Fu Tea, Gong Cha, Boba Guys, and Chatime accumulates maximum market share showcasing strong market competitive advantage.
The Distribution Channel, such as Online Sales, is boosting the Bubble Tea market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Flavour, such as Original Flavor, is boosting the Bubble Tea market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Vendors such as Kung Fu Tea (United States), Gong Cha (Taiwan), Boba Guys Inc. (United States), Chatime (Taiwan), ShareTea (Taiwan), 8tea5 (Belgium), Kuai Ke Li Enterprise Co. Ltd. (Quickly) (Taiwan), OCOCO International Co., Ltd. (Taiwan), VIVI BUBBLE TEA (United States), Lollicup USA Inc. (United States) and CuppoTee Company (Taiwan) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Bubble Tea industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Vendors wants to expand into other areas of the market value chain fundamentally determines its strategy.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Bubble Tea market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall Bubble Tea market size is calculated using market estimation process, the Bubble Tea market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Bubble Tea market size has been validated using both top-down and bottom-up approaches.