The global Bubble Food & Beverages Market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of 9.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. The rising health-consciousness among consumers, along with increasing awareness about various health benefits associated with boba consumption, has been driving the growth of the global market. The tapioca-based bubble food & beverages segment accounted for a majority of the share to become a larger division in 2021. Tapioca has no saturated fat, lowers insulin levels, and is rich in calcium & iron, which are the major factors driving its application in bubble food & beverages. Furthermore, the easy availability of tapioca pearls is also contributing to the segment growth. The bubble tea segment held the majority of the share in 2021.
The
availability of different flavors of boba pearls along with the rising
consumption of healthy beverages, such as green tea, black tea, and white tea,
among the consumers especially, millennials, has driven the demand for bubble
tea in the market. The on-trade segment is expected to register the
fastest CAGR from 2022 to 2030. The growing consumer preference for convenience,
hygiene, and high-quality standards of food & beverages has driven the
demand for handcrafted bubble food & beverages. Moreover, many restaurants
& cafés are introducing new flavors of boba snacks and beverages to their
menu, which is likely to drive the segment’s growth. The market is
characterized by the presence of some large-scale companies as well as some
developing brands. Leading manufacturers hold a significant market share in
major parts of Asia Pacific.
Related Press
Release@ Bubble Food & Beverages Market Report
Bubble Food & Beverages Market Report Highlights
- The bubble
tea product segment is projected to register the fastest CAGR during the
forecast period
- The rising
popularity of bubble tea through social media platforms across various
regions is expected to boost its demand
- The on-trade
segment is expected to grow at a faster rate owing to the increasing
availability of a wide range of bubble foods & beverages in
restaurants and cafés
- AsiaPacific
dominated the global market in 2021 and accounted for the largest share of
the overall revenue
- Consumers,
most notably in China, Japan, and South Korea, are increasingly inclining
toward bubble foods & beverages, which, in turn, is fueling the
regional market growth
Related Reports@
Healthy
Snacks Market
Bubble Food & Beverages Market Segmentation
Grand
View Research has segmented the global bubble food & beverages market based
on product, source, distribution channel, and region:
Bubble Food & Beverages Product Outlook (Revenue, USD
Million, 2017 - 2030)
- Fruit Snacks
- Desserts
- Fruits
Beverages
- Bubble Tea
- Others
Bubble Food & Beverages Source Outlook (Revenue, USD
Million, 2017 - 2030)
- Tapioca-based
- Bursting
Bubble
Bubble Food & Beverages Distribution Channel Outlook
(Revenue, USD Million, 2017 - 2030)
- Off-trade
- Hypermarkets
& Supermarkets
- Online
- Others
- On-trade
Bubble Food & Beverages Regional Outlook (Revenue,
USD Million, 2017 - 2030)
- North
America
- U.S.
- Canada
- Europe
- Mexico
- Germany
- U.K.
- France
- Asia Pacific
- China
- Japan
- Australia
- New Zealand
- Central
& South America
- Brazil
- Middle East
& Africa
List of Key Players of the Bubble Food & Beverages
Market
- Del Monte
Foods Inc.
- Modoo Food
Ltd.
- Bubble Tea
Club
- Bubble Tea
House Company
- Fokus Inc.
- Gong Cha
- Chatime
- Lollicup
USA, Inc.
- Bubble Tea
Supply Inc.
- Ten Ren’s
Tea Time
- Troika JC.
- Boba Box
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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