Bubble Tea Market
Bubble Tea Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Bubble Tea Market Size and Growth
The Bubble Tea market research reports indicate a growing trend in consumer demand for innovative and customizable beverages. The market size is estimated to be $2.4 billion, with steady growth expected due to the popularity of Bubble Tea among young and health-conscious consumers. Opportunities for expansion exist in emerging markets and product diversification.
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Companies Covered
(Covid 19 Impact Covered)
◍ Kung Fu Tea
◍ Gong Cha
◍ Boba Guys
◍ Chatime
◍ ShareTea
◍ 8tea5
◍ Quickly
◍ CoCo Fresh
◍ ViVi Bubble Tea
The Bubble Tea Market is highly competitive with key players such as Kung Fu Tea, Gong Cha, Boba Guys, Chatime, ShareTea, 8tea5, Quickly, CoCo Fresh, and ViVi Bubble Tea. These companies offer unique flavors and customizable options to attract customers, contributing to the market's growth.
- Kung Fu Tea: Estimated sales revenue of $40 million in 2020
- Gong Cha: Estimated sales revenue of $30 million in 2020
- CoCo Fresh: Estimated sales revenue of $25 million in 2020
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Market Segmentation
By Application
18-25 years old
26-35 years old ◍ 36-45 years old
Other Groups
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By Product
Classic/Original
Fruit Flavored
Other Flavors
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Market Growth
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$ 27.40 Billion
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