PORTLAND, Oregon and
PUNE, India, April 13, 2018 /PRNewswire/ --
According to a new report published by
Allied Market Research, titled, Bubble Tea Market by Base Ingredient, Flavor, and
Component: Global Opportunity Analysis and Industry Forecast,
2017-2023, the global bubble tea market was
valued at $1,957 million in 2016, and
is projected to reach $3,214 million
by 2023, growing at a CAGR of 7.40% from 2017 to 2023. The black
bubble tea segment accounted for more than 42% share of the global
bubble tea market in 2016.
(Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
)
Bubble tea is a widely consumed
flavored beverage containing tea as the basic component, along with
chewy tapioca balls. It originated in Taiwan and is known by various names such as
pearl milk tea, bubble milk tea, boba juice, boba tea, or simply
bubble tea. The bubble tea market is driven by cost-effective price
and health benefits associated with bubble tea. However, the
addition of artificial preservatives & color and presence of
excess sugar in bubble tea restrain the market growth. The
introduction of new flavors of bubble tea and decreases in demand
for carbonated drinks provide opportunities for market
expansion.
Request Sample Report
at: https://www.alliedmarketresearch.com/request-sample/3194
By base ingredient, the global bubble
tea market is divided into black tea, green tea, oolong tea, and
white tea. The green bubble tea segment is estimated to be the most
lucrative segment from 2017 to 2023, and account for one-third
share of the global bubble tea by 2023. This is attributable to its
several health benefits such as prevention cancer and
cardiovascular diseases, reduction of cholesterol, improved
metabolism, weight loss, and reduced risk of type II diabetes as
well as Alzheimers & Parkinsons diseases.
Based on flavor, the global bubble tea
market is divided into original flavor, coffee flavor, fruit
flavor, chocolate flavor, and others. The fruit flavor bubble tea
segment is estimated to grow at the highest CAGR during the
forecast period, owing to high consumer preference, diversity in
fruit flavor, and higher nutritional value as compared to other
flavors.
Based on component, the global
bubble tea market is divided into flavor, creamer,
sweetener, liquid, tapioca pearls, and others. Liquid component is
expected to dominate the bubble tea market throughout the forecast
period, as liquid is the base of the bubble tea. The major part of
the liquid is the tea, which is the key ingredient in the
manufacturing of bubble tea.
For Purchase
Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3194
Key Findings of the Bubble Tea
Market:
-
The green bubble tea is expected to
grow at a high CAGR of 8.20%, in terms of value, from 2017 to
2023.
-
The chocolate flavor is projected to
grow at a high CAGR of 8.20%, in terms of value.
-
Europe is expected to grow at the highest CAGR
of 9.10%, in terms of value.
-
The North American bubble tea
accounted for more than 57% of the global market in 2016.
-
U.S. accounted for more than 97% of
the North American market in 2016.
In 2016, North America and Asia-Pacific collectively accounted for more
than 83% of the global bubble tea industry, in terms of value. This
is due to the rapid gain in popularity of the bubble tea in these
regions and its lower price. Europe is projected to grow at the highest
rate, followed by Asia-Pacific,
owing to increase in health benefits offered by consumption of
bubble tea.
The major companies profiled in this
report are Lollicup USA Inc.,
CuppoTee Company, Bubble Tea House Company, Ten Ren's Tea Time,
Boba Box Limited, Sumos Sdn Bhd, Gong Cha USA, Boba Tea Company, Troika JC. (Qbubble),
and Fokus Inc.
Access KNOWLEDGE TREE (Premium
on-demand, subscription-based pricing model) at:
https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a
cloud-based intelligence platform that offers more than 2,000
selective, off-the-shelf reports on niche markets to enable our
clients gain deep insights on the latest trends, dynamic
technologies, and emerging application areas.
About Us
Allied Market Research (AMR) is a
full-service market research and business-consulting wing of Allied
Analytics LLP based in Portland,
Oregon. Allied Market Research provides global enterprises
as well as medium and small businesses with unmatched quality of
"Market Research Reports" and "Business Intelligence Solutions."
AMR has a targeted view to provide business insights and consulting
to assist its clients to make strategic business decisions and
achieve sustainable growth in their respective market domain.
We are in professional corporate
relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables
and confirms utmost accuracy in our market forecasting. Each and
every data presented in the reports published by us is extracted
through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement
methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the
industry.
Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web:
https://www.alliedmarketresearch.com
SOURCE Allied Market Research