The global bubble tea market was valued at USD 2.46 billion in 2023 and is expected to grow from USD 2.63 billion in 2024 to USD 4.78 billion by 2032, reflecting a CAGR of 7.74% during the forecast period. In 2023, Asia Pacific led the market with a 42.68% share.
Bubble tea, originating in Asia, has seen consistent popularity in its home region before expanding into Western markets such as Canada and the U.K. The beverage has become a staple, celebrated for its distinctive composition. Crafted with premium milk, sweetened tapioca pearls, creamer, fruit powder, and additional sweeteners, bubble tea is more than just a drink—it represents Taiwan’s culinary innovation and its prominent role in the global food service industry.
This information is derived from the report “Bubble Tea Market, 2024-2032” by Fortune Business Insights™.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564
List of the Companies Profiled in the Report:
Segmentation:
The black tea segment is projected to experience significant growth during the forecast period, driven by increasing global health awareness. Renowned for its antioxidant, anti-aging, and anti-diabetic properties, black tea appeals to health-conscious consumers. This growth is further supported by the rising demand for natural and organic food and beverage products. Although green tea is expected to dominate a substantial portion of the bubble tea market, black tea is emerging as a strong contender in terms of consumer popularity.