Global Boba Juice Market Overview:
The boba juice is the popping juice balls made of tapioca starch which is extracted from the cassava root, they are also known as bursting boba, popping boba, bursting fruit bubbles, etc. The boba juice balls are a little smaller than the regular tapioca boba, they are filled with fruit juices and pop’s inside the mouth. The outside of boba juice balls are made of seaweed extract, with thin gelatinous coating and is not very chewy like the traditional boba and it is increasingly popular.
Growth Drivers
- Growing Demand for Non-alcoholic Beverages
- Health Benefits Associated with Boba Juice
Roadblocks
- Regulatory Standards Regarding Exotic Food and Beverages Products
- Allergic Reactions to Some People From the Consumption of Boba Juice
Opportunities
- Awareness about Boba Juice Products Through Advertisements and Promotions in Developing Countries
- Rising Online Availability of Boba Juice Products will Boost the Demand
Challenges
- Less Awareness about Boba Juice Among People
Competitive Landscape:
The boba juice market is less fragmented as there are very few companies for boba juice. The companies are focusing on geographical expansion as their prefered strategies. They are doing so by expansion and launches in other countries. The competitors are planing for merger and acquisition, partnership and agreement of wth other companies.
Some of the key players profiled in the report are Lollicup USA, Inc. (United States), Huey-Yuhe Enterprise Co. Ltd. (China), Leadway International, Inc. (Bossen) (United States), Bubblelicious Milk Tea & Fruit Tea (United States), Sumos Sdn Bhd (Malaysia), Boba Box (United Kingdom) and Fokus inc. (China). Considering Market by Distribution Channels, the sub-segment i.e. Supermarket will boost the Boba Juice market. Considering Market by End User, the sub-segment i.e. Household will boost the Boba Juice market.
"The Ministry of Health (MOH) has started consulting the public on four possible measures that include banning and taxing some pre-packaged sugar-sweetened beverages (SSBs) like soft drinks. This is to try and cut Singaporeans’ overall sugar intake in an ongoing fight against diabetes. Almost half a million Singaporeans live with diabetes, higher than the global prevalence. Given that the Health Promotion Board (HPB) recommends that a female with a 1,800 kcal daily energy requirement limit sugar calories to no more than 180kcal, equivalent to 45g, one cup of bubble tea (Boba Juice) could easily account for a whole day’s sugar intake."
What Can be Explored with the Boba Juice Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Boba Juice Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Boba Juice
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Boba Juice market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Boba Juice market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Boba Juice Manufacturers, Boba Juice International Traders, Boba Juice Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.