Australia Bubble Food & Beverages Market Size & Outlook
Australia bubble food & beverages market, 2018-2030 (US$M)
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Australia bubble food & beverages market highlights
- The Australia bubble food & beverages market generated a revenue of USD 214.6 million in 2021 and is expected to reach USD 507.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 10% 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.
Bubble food & beverages market data book summary
| Market revenue in 2021 | USD 214.6 million |
| Market revenue in 2030 | USD 507.6 million |
| Growth rate | 10% (CAGR from 2021 to 2030) |
| Largest segment | Bubble tea |
| Fastest growing segment | Bubble Tea |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Australia accounted for 5.3% of the global bubble food & beverages market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bubble food & beverages market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 794.4 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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Australia 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 Australia 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 key manufacturers of bubble foods and beverages in the country is a key factor driving the market. Many regional brands have been launching their own product ranges of bubble food and beverages to gain a majority of the market.
For instance, in November 2021, vegan superstore Vincent’s Marketplace in Australia launched a vegan bubble tea in collaboration with Taiwan-based company NUTTEA. The signature bubble teas offered by the company include ruby black and earl grey teas and watermelon and grape green teas.
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Target buyers of Australia 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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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 country-level data and insights on the Australia bubble food & beverages market , including forecasts for subscribers. This country databook contains high-level insights into Australia bubble food & beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia bubble food & beverages market size, by product, 2018-2030 (US$M)
Australia Bubble Food & Beverages Market Outlook Share, 2021 & 2030 (US$M)
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