Asia Pacific Bubble Food & Beverages Market Size & Outlook
Asia Pacific bubble food & beverages market, 2018-2030 (US$M)
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Asia Pacific bubble food & beverages market highlights
- The Asia Pacific bubble food & beverages market generated a revenue of USD 1,469.2 million in 2021.
- The market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
- In terms of segment, bubble tea was the largest revenue generating product in 2021.
- Bubble Tea is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 1,469.2 million |
| Market revenue in 2030 | USD 3,324.2 million |
| Growth rate | 9.5% (CAGR from 2021 to 2030) |
| Largest segment | Bubble tea |
| Fastest growing segment | Bubble Tea |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruit Snacks, Desserts, Fruit Beverages, Bubble Tea |
| Key market players worldwide | Fresh Del Monte Produce Inc, Bubble Tea Club, Focus Features, Gong Cha, Chatime, Lollicup USA, Inc., Bubble Tea Supply, Ten Ren Tea, Boba Tea & Treats |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.3% of the global bubble food & beverages market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 2,514.3 million by 2030.
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Bubble Food & Beverages Market Scope
Bubble Food & Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific bubble food & beverages market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bubble food & beverages market will help companies and investors design strategic landscapes.
Bubble tea was the largest segment with a revenue share of 52.89% in 2021. Horizon Databook has segmented the Asia Pacific bubble food & beverages market based on fruit snacks, desserts, fruit beverages, bubble tea covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a wide range of bubble food and beverage providers in the region is a key factor supporting market growth. Asia Pacific is home to the highest number of bubble product manufacturers compared to the rest of the world, thanks to strong markets in China, Thailand, India, Japan, New Zealand, and Australia.
Additionally, many companies have been expanding their premium offerings in other Asia Pacific countries to gain a majority of the market share. For instance, in June 2021, Chinese premium bubble tea chain Nayuki Holdings filed an application for the Hong Kong listing seeking to raise up to USD 500 million to expand its networking, digitalize operations, and boost supply chain capabilities.
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Target buyers of Asia Pacific bubble food & beverages market databook
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Our clientele includes a mix of bubble food & beverages market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bubble food & beverages market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bubble food & beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bubble food & beverages market size, by country, 2018-2030 (US$M)
Asia Pacific Bubble Food & Beverages Market Outlook Share, 2021 & 2030 (US$M)
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