Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.12 Billion | USD 7.82 Billion | 9.01% | 2021 |
FrequentlyAsked Questions
The rising popularity of bubble tea aids in the increased attention of the growing market. There has also been an incessant rise in the health consciousness of people to consume healthy drinks such as green tea, black tea, and white tea which indirectly induces growth in the global market.
According to the report by Zion Market Research, the global bubble tea market was valued at $3.12 billion in 2021 and is predicted to grow around $7.82 billion by 2030 at a CAGR rate of 9.01% over the forecast period.
North America dominates the market as the largest consumer of bubble tea due to its therapeutic effect and health benefits it offers for the prevention of cardiovascular diseases, cancers, and lowered cholesterol. Owing to the increase in health consciousness of people in this region, the market here is about to witness prominent growth.
The key players in the global bubble tea market are Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc, Gong Cha, Sumo’s Sdn Bhd, Troika JC, Fokus Inc., Coco Fresh, T Bun International, Grand Chainly, Share Tea, Fanale Drinks, Ten Ren’s Tea Time, Kuaikeli Enterprise co., ltd., COCO International Co. Ltd., Kung Fu Tea, and Lollicup USA Inc.
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