Bubble Tea Market to grow by USD 941.72 million through 2025 | Key Drivers, Trends, and Market Forec

Publish date: 2024-07-27

NEW YORK, April 29, 2021 /PRNewswire/ --

Bubble Tea Market by Base Ingredient, Component, and Geography - Forecast and Analysis 2021-2025

Technavio has been monitoring the bubble tea market and it is poised to grow by USD 941.72 million during 2021-2025, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the bubble tea market.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Boba Box Ltd., Chen En Food Product Enterprise Co. Ltd., Empire Eagle Food Co. Ltd., Fanale Drinks, Fokus Inc., Grand Chainly Enterprises Co. Ltd., Huey-Yue Enterprise Co. Ltd., Lollicup USA Inc., Possmei international Co. Ltd., and Troika JC. are some of the major market participants. The rising accessibility and availability through organized retailing will offer immense growth opportunities, The price volatility of raw materials is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this bubble tea market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Bubble Tea Market 2021-2025: Segmentation
Bubble Tea Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR70533

Bubble Tea Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bubble tea market report covers the following areas:

This study identifies the health benefits of bubble tea as one of the prime reasons driving the Bubble Tea Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct, and indirect COVID-19 impacted market research reports.

Bubble Tea Market 2021-2025: Key Highlights

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Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Component

Market Segmentation by Base ingredient

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report Page: https://www.technavio.com/report/bubble-tea-market-industry-analysis

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