Global Bubble Tea Market Size & Outlook, 2022-2030
Global bubble tea market, 2017-2030 (US$B)
Related Markets
Global bubble tea market highlights
- The global bubble tea market generated a revenue of USD 2,750.8 billion in 2022 and is expected to reach USD 5,424.0 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8.9% by 2030.
- In terms of segment, black tea accounted for a revenue of USD 1,179.8 billion in 2022.
- Green Tea is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 2,750.8 billion |
| Market revenue in 2030 | USD 5,424.0 billion |
| Growth rate | 8.9% (CAGR from 2022 to 2030) |
| Largest segment | Black tea |
| Fastest growing segment | Green Tea |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Black Tea, Green Tea, Oolong Tea, White Tea |
Other key industry trends
- In terms of revenue, the North America accounted for 36.0% of the global bubble tea market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 111.5 billion by 2030.
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Bubble Tea Market Scope
Bubble Tea Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global bubble tea 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 tea market will help companies and investors design strategic landscapes.
Black tea was the largest segment with a revenue share of 42.89% in 2022. Horizon Databook has segmented the Global bubble tea market based on black tea, green tea, oolong tea, white tea covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Bubble Tea Type Outlook (Revenue, USD Billion, 2017-2030)
- Black Tea
- Green Tea
- Oolong Tea
- White Tea
- Global Bubble Tea Flavor Outlook (Revenue, USD Billion, 2017-2030)
- Fruit
- Taro
- Strawberry
- Classic
- Coffee
- Other
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Our clientele includes a mix of bubble tea 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global bubble tea market, including forecasts for subscribers. This global databook contains high-level insights into Global bubble tea market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global bubble tea market size, by regions, 2017-2030 (US$B)
Top 10 countries: Bubble tea market size, 2022 (US$B)
Global bubble tea market share, by type, 2022 & 2030 (%, US$B)
Bubble tea market: Opportunity assessment by country
Global bubble tea market, by region, 2022 (US$B)
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 790.8 | 832.1 | 875.6 | 908.8 | 946.1 | 991.4 | 1,045.0 | 1,108.6 | 1,184.5 | 1,275.7 | 1,386.0 | 1,520.6 | 1,686.3 | 1,892.4 | 8.4% |
| Europe | 455.0 | 480.8 | 508.1 | 529.6 | 553.7 | 582.7 | 616.8 | 657.2 | 705.2 | 762.7 | 832.2 | 917.0 | 1,021.2 | 1,151.0 | 8.9% |
| Asia Pacific | 627.2 | 668.6 | 712.6 | 749.3 | 790.2 | 838.8 | 895.7 | 962.6 | 1,041.9 | 1,136.7 | 1,251.1 | 1,390.5 | 1,562.0 | 1,775.8 | 9.8% |
| Latin America | 172.0 | 179.8 | 187.9 | 193.6 | 200.0 | 207.8 | 217.0 | 228.0 | 241.1 | 256.8 | 275.7 | 298.8 | 326.9 | 361.8 | 7.2% |
| MEA | 105.2 | 110.3 | 115.8 | 119.9 | 124.4 | 130.1 | 136.7 | 144.7 | 154.2 | 165.6 | 179.4 | 196.3 | 217.1 | 243.0 | 8.1% |
| Overall | 2,150.1 | 2,271.6 | 2,400.0 | 2,501.0 | 2,614.3 | 2,750.8 | 2,911.3 | 3,101.0 | 3,326.8 | 3,597.4 | 3,924.4 | 4,323.0 | 4,813.6 | 5,424.0 | 8.9% |
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