Product Code: GVR-4-68039-949-5
Bubble Food & Beverages Market Growth & Trends:
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 & cafes 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.
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 cafes
- Asia Pacific 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
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Source Outlook
- 2.4. Distribution Channel Outlook
Chapter 3. Bubble Food & Beverages Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Impact of COVID-19 on the Bubble Food & Beverages Market
- 3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Channel Analysis
- 3.4.2. Profit Margin Analysis
- 3.5. Market Dynamics
- 3.5.1. Driver Impact Analysis
- 3.5.2. Restraint Impact Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry opportunities
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's Five Forces
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.7. Roadmap of Bubble Food & Beverages Market
- 3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Bubble Food & Beverages Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. Fruit Snacks
- 5.2.1. Market estimates and forecast by fruit snacks, 2017 - 2030 (USD Million)
- 5.3. Desserts
- 5.3.1. Market estimates and forecast by desserts, 2017 - 2030 (USD Million)
- 5.4. Fruit Beverages
- 5.4.1. Market estimates and forecast by fruit beverages, 2017 - 2030 (USD Million)
- 5.5. Bubble Tea
- 5.5.1. Market estimates and forecast by bubble tea, 2017 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecast by others, 2017 - 2030 (USD Million)
Chapter 6. Bubble Food & Beverages Market: Source Estimates & Trend Analysis
- 6.1. Source Movement Analysis & Market Share, 2021 & 2030
- 6.2. Tapioca-based
- 6.2.1. Market estimates and forecast by tapioca-based, 2017 - 2030 (USD Million)
- 6.3. Bursting Bubble
- 6.3.1. Market estimates and forecast by bursting bubble, 2017 - 2030 (USD Million)
Chapter 7. Bubble Food & Beverages Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution channel Movement Analysis & Market Share, 2021 & 2030
- 7.2. Off-trade
- 7.2.1. Market estimates and forecast through off-trade, 2017 - 2030 (USD Million)
- 7.2.1.1. Supermarkets & Hypermarkets
- 7.2.1.1.1. Market estimates and forecast through supermarkets & hypermarkets, 2017 - 2030 (USD Million)
- 7.2.1.2. Online
- 7.2.1.2.1. Market estimates and forecast through online, 2017 - 2030 (USD Million)
- 7.2.1.3. Others
- 7.2.1.3.1. Market estimates and forecast through others, 2017 - 2030 (USD Million)
- 7.3. On-trade
- 7.3.1. Market estimates and forecast through on-trade, 2017 - 2030 (USD Million)
Chapter 8. Bubble Food & Beverages Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.4. U.S.
- 8.2.4.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.4.2. Market estimates and forecast, by source 2017 - 2030 (USD Million)
- 8.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.5. Canada
- 8.2.5.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.5.2. Market estimates and forecast, by source 2017 - 2030 (USD Million)
- 8.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.6. Mexico
- 8.2.6.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.6.2. Market estimates and forecast, by source 2017 - 2030 (USD Million)
- 8.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.4. Germany
- 8.3.4.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.4.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.5. U.K.
- 8.3.5.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.5.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.6. France
- 8.3.6.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.6.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.4. China
- 8.4.4.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.4.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.5. Japan
- 8.4.5.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.5.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.6.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.7. New Zealand
- 8.4.7.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.7.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.5.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.4. Brazil
- 8.5.4.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.5.4.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million)
- 8.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.6.2. Market estimates and forecast, by source, 2017 - 2030 (USD Million
- 8.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Key global players, recent developments & their impact on the industry
- 9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 9.3. Vendor Landscape
- 9.3.1. Key company market share analysis, 2021
Chapter 10. Company Profiles
- 10.1. Del Monte Foods, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Strategic Initiatives
- 10.2. Modoo Food Ltd.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Strategic Initiatives
- 10.3. Bubble Tea Club
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Strategic Initiatives
- 10.4. Bubble Tea House Company
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Strategic Initiatives
- 10.5. Fokus Inc.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Strategic Initiatives
- 10.6. Gong Cha
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Strategic Initiatives
- 10.7. Chatime
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Strategic Initiatives
- 10.8. Lollicup USA, Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Strategic Initiatives
- 10.9. Bubble Tea Supply Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Strategic Initiatives
- 10.10. Ten Ren's Tea Time
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives
- 10.11. Troika JC.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Strategic Initiatives
- 10.12. Boba Box
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Strategic Initiatives