[ad_1]
Pune, India, June 28, 2022 (GLOBE NEWSWIRE) — The global bubble tea market size is estimated to reach USD 3.39 billion by the end of 2027. It stood at USD 2.02 billion in 2019 and is expected to showcase a decent CAGR of 7.2% during the forecast period. This information is shared by Fortune Business Insights™in its report, titled, “Bubble Tea Market, 2020-2027.” The rising trend for consuming fancy beverage among the youth is expected to lead the bubble tea market growth in the foreseeable future.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/bubble-tea-market-101564
Moreover, the producers in the market have introduced new variants of boba tea to attract millennials and expand their user base. For example, in October 2020, Chatime launched brand new beverage options that provide endless customization options to fulfil the demand of their customers. The refurbished menu included dairy free bubble tea launch prior this year, which comprises of oat milk. This enabled customer to order popular milk teas in vegan-friendly option or milk based. They also offer sugar level customization or completely replace sugar with honey as sweetener. Additionally, they also introduced cereal-infused bubble tea as a strategic planning for the partnership with Kellogg’s.
List of Key Players Covered in the Bubble Tea Market Report
- Chatime Group (Taiwan, China)
- Bubble Tea Supply Inc. (Hawaii, United States)
- Gong Cha (Taiwan, China)
- CoCo Fresh Tea & Juice (Taiwan, China)
- Quickly (Taiwan, China)
- Kung Fu Tea (New York City, United States)
- Tiger Sugar Korea (Seoul, South Korea)
- Boba Loca USA Inc. (United States)
- Lollicup USA, Inc. (United States)
- Happy Lemon (United Kingdom)
Report Scope & Segmentation:
| Report Attribute | Details |
| Market size value in 2019 | USD 2.02 billion |
| Revenue forecast in 2027 | USD 3.39 billion |
| Growth Rate | CAGR of almost 7.2% 2020-2027 |
| Base Year | 2019 |
| Historic Years | 2016 – 2018 |
| Forecast Years | 2020- 2027 |
Full story available on Benzinga.com
[ad_2]
Source link
