Rise of on-the-go nutrition and healthy hydration.The presence of medicinal and antioxidant properties determines changes in consumer preferences.Aggressive advertisements and celebrity endorsements paving way for market growth.Consumption of flavored bubble tea in the young generation boosts the market growth.Therefore, it is anticipated that the bubble tea market is likely to have significant growth at an impressive pace during the forecast period.Ĭomparative Analysis of Adjacent Tea Markets Key factors propelling the bubble tea market growth can be identified as the rising consumption of tea and nootropic drinks amongst the working-class populace and the students, coupled with zero fat and low-calorie contents made available at bubble tea stores, which is a prime factor fueling the demand for bubble tea further in the global market. It is being identified as a modified beverage and is gaining immense popularity across mature regions. It offers a wide variety of bubble tea flavors and is made with sundry ingredients. The bubble tea market has a rapid expansion as this drink is diverse in nature, with most bubble tea recipes containing the base mixed with fruit and milk, with chewy tapioca balls that are gaining momentum amongst the populace due to their slushy consistency. A historical CAGR of 7.1% has been recorded by the experts of Future Market Insights for the concerned market.īubble Tea Market Anticipated Value (2032)īubble Tea Projected Growth Rate (2022-2032) The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. The current valuation of the market is US$ 2.50 billion in 2022. The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period.
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