Bubble Tea Market to Reach 3.2 Billion!

According to Allied Market Research, The Global Bubble Tea Market is expected to reach 3.2 Billion by 2023!  

Google Trends shows bubble tea at its highest level in 5 years.

What is Bubble Tea?

Bubble Tea is a tea that is shaken to produce bubbles on top. It is a flavored tea with tapioca pearls or boba pearls at the bottom. Bubble tea originated in Taiwan but is now a global phenomenon, and tea shops are popping up all over the globe.

With fewer and fewer people demanding carbonated beverages and new bubble tea flavors, there is good news for those who enjoy this refreshing beverage. The trends of bubble tea are changing for the better, and the market is flourishing.

As previously mentioned, the basis of bubble tea is tea.

Reasons for this include the many health benefits of drinking green tea. Green tea can reduce cholesterol levels. It has also shown signs of reducing the risks of diabetes, Alzheimers, and Parkinson’s.  Green tea improves metabolism and aids in weight loss.

The bubble tea market offers quite a variety of flavors. Primary flavors include original, coffee, fruit, and chocolate.  The trends of bubble tea regarding flavor show the fruit-flavored bubble tea segment will grow the most over the next five years. The massive diversity of fruit flavors is the key performance indicator. Consumers are becoming more health conscious and aware of fruit’s higher nutritional value over some of the other available flavors.  Lastly, market research shows that consumers are more partial to fruit flavors than others.

Bubble tea ingredients generally include tea leaves, flavored powders, creamers, syrups, sweeteners, and tapioca pearls.  These are combined with professional tea equipment such as sealer machines, shaker machines, and fructose dispensers to create the best drinks.

In Conclusion

The Global Bubble Tea Market is forecasted to grow globally. Recent research also shows that Europe’s bubble tea market to expand at the highest rate, followed by Asia-Pacific. .  In 2016, North America and Asia-Pacific accounted for 83% of this industry.  Click here for more information on opening your own bubble tea shop.