According to the research report titled ‘Global Bubble Tea Market 2022-2028’, available with MarketStudyReport, global bubble tea market was valued at USD 2,247 million in 2021 and is estimated to grow at 5.7% CAGR during 2022-2028 and generate revenues worth USD 3,312 million by the end of forecast timeline.

Availability of wide range of choices attracting the millennial population, shift in consumer preference for healthier lifestyle habits, and strong inclination toward bold flavors are factors propelling the growth of global bubble tea market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/5042674/

For those unaware, bubble tea is an authentic Taiwanese tea invented in the 1980s that is sweet in taste and chewy in texture. It is made of milk, sweetener, tapioca pearls, and black tea powder. It is usually served in a cup with an oversized straw for the bubbles to pass through.

The document classifies the market based on multiple verticals to give the stakeholders a clear view of the major growth segments for investments. 

Based on base ingredients, worldwide bubble tea industry is categorized into oolong tea, black tea, green tea, and others. In terms of flavor, the market is split into fruit flavor, original flavor, coffee flavor, and others. With respect to component type, the business sphere is categorized into tapioca pearls, flavor, liquid, creamer, sweetener, and others. 

To understand the geographical reach of the market, the report analyzes the regions that are contributing significantly to the revenue flow such as North America, Europe, and Asia Pacific.

The study incorporates a thorough details about company profiles of major players. The established names amplifying the competitive spirit of worldwide bubble tea market include Troika J C Inc., Boba Box Limited, Ten Ren Tea Inc., Bubble Tea House Company, T Bun International, Bubble Tea Supply, Sumo's (M) Sdn Bhd., Cuppo Tee Co. Ltd., Lollicup USA Inc., Fokus Inc., and Gong cha Global Ltd. among others.