Latin America Bubble Food & Beverages Market Size & Outlook
Latin America bubble food & beverages market, 2018-2030 (US$M)
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Latin America bubble food & beverages market highlights
- The Latin America bubble food & beverages market generated a revenue of USD 447.2 million in 2021.
- The market is expected to grow at a CAGR of 8.8% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 447.2 million |
| Market revenue in 2030 | USD 956.4 million |
| Growth rate | 8.8% (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, Latin America region accounted for 11.0% 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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Latin America 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 52.88% in 2021. Horizon Databook has segmented the Latin America 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.
Growing consumer awareness about bubble foods and beverages in the region and increasing penetration of products through restaurants, cafes, and supermarkets are likely to favor regional growth.
Additionally, a growing number of consumers are opting for healthy food and beverages in the region, which is complementing the overall demand for Tapioca-based bubble foods.
The growth of this subsegment is expected to continue as more Brazilians become aware of the benefits of such foods. According to a report published by the Institute for Health Metrics and Evaluation at the University of Washington in 2020.
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Target buyers of Latin America 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 Latin America bubble food & beverages market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bubble food & beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bubble food & beverages market size, by country, 2018-2030 (US$M)
Latin America Bubble Food & Beverages Market Outlook Share, 2021 & 2030 (US$M)
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