Mexico Bubble Food & Beverages Market Size & Outlook
Mexico bubble food & beverages market, 2018-2030 (US$M)
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Mexico bubble food & beverages market highlights
- The Mexico bubble food & beverages market generated a revenue of USD 317.4 million in 2021 and is expected to reach USD 704.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.3% 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 317.4 million |
| Market revenue in 2030 | USD 704.5 million |
| Growth rate | 9.3% (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, Mexico accounted for 7.8% 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 North America, U.S. bubble food & beverages market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,201.9 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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Mexico 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 52.9% in 2021. Horizon Databook has segmented the Mexico 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 preference for bubble tea and new bubble products in the country is driving the market growth. Restaurants are adding new non-alcoholic beverages on their menus, such as matcha tea and popping boba tea, with new flavors.
Additionally, several international chains are establishing their presence in the country. For instance, in 2019, Cristina Soto opened the first Mexican store of Taiwanese bubble tea franchise Gong Cha in Guadalajara.
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Target buyers of Mexico 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 country-level data and insights on the Mexico bubble food & beverages market , including forecasts for subscribers. This country databook contains high-level insights into Mexico bubble food & beverages market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico bubble food & beverages market size, by product, 2018-2030 (US$M)
Mexico Bubble Food & Beverages Market Outlook Share, 2021 & 2030 (US$M)
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