According to the latest market research report title “Bubble Tea Market By Base Tea (Black Tea , Green Tea, Oolong Tea, White Tea), By Flavor (Fruit , Original, Coffee , Chocolate , Others ), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Kung Fu Tea, Quickly, Lollicup USA, Inc., Bubble Tea Supply, Inc., Ten Ren's Tea Time, Gong Cha, ChaTime, Bobabox Ltd., Fokus, Inc., Coco Fresh Tea and Juice, Happy Lemon, Cuppotee, Tiger Sugar, Grand Chainly Enterprise, Share Tea)--Forecast to 2024″, published by MarkNtel Advisors, The Bubble Tea market size reached USD 1.68 Billion in 2022 and is projected to grow at a CAGR of around 7.24% during the forecast period, i.e., 2024-30.

The data present in the report exhibit from the historic years (2019-22) and the base year (2024) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Global Bubble Tea Market Growth Restraint:

Rising Availability of Alternative Caffeinated Beverages - Before beginning the day, several consumers depend highly on caffeinated drinks like coffee & tea, the most consumed & socially accepted nootropic beverages worldwide. Hence, despite the surging demand for innovative teas worldwide, the extensively growing availability of other caffeinated & conventional drinks like coffee & chocolate, coupled with the strong consumption trends of coffee in Western countries, are the major restraints to the growth of the Global Bubble Tea Market growth during 2024-30. Moreover, the growing availability of suitable alternatives like unsweetened tea, coconut water, & fruit-infused teas, among others, which offer benefits similar to bubble tea, is also hampering the market expansion.

Bubble Tea Market Segmentation

The Bubble Tea Market is highly robust and fragmented into numerous segments;

By Base Tea

-Black Tea - Market Size & Forecast 2019-2030, USD Million

-Green Tea- Market Size & Forecast 2019-2030, USD Million

-Oolong Tea- Market Size & Forecast 2019-2030, USD Million

-White Tea- Market Size & Forecast 2019-2030, USD Million

By Flavor

-Fruit - Market Size & Forecast 2019-2030, USD Million

-Original- Market Size & Forecast 2019-2030, USD Million

-Coffee - Market Size & Forecast 2019-2030, USD Million

-Chocolate - Market Size & Forecast 2019-2030, USD Million

-Others - Market Size & Forecast 2019-2030, USD Million

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Key Players Operating in the Bubble Tea Market: -

-Kung Fu Tea

-Quickly

-Lollicup USA, Inc.

-Bubble Tea Supply, Inc.

-Ten Ren's Tea Time

-Gong Cha

-ChaTime

-Bobabox Ltd.

-Fokus, Inc.

-Coco Fresh Tea and Juice

-Happy Lemon

-Cuppotee

-Tiger Sugar

-Grand Chainly Enterprise

-Share Tea

Key Questions Answered:

• What is the projected CAGR of the Bubble Tea Market during the forecast period?
• Which segment is expected to lead the Bubble Tea Market?
• Who are the prominent players driving market growth?

Key Offerings:

• Market Share, Size, and Revenue Forecast
• Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
• Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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