Asia Pacific Bubble Tea Market Size & Outlook, 2022-2030
Asia Pacific bubble tea market, 2017-2030 (US$B)
Related Markets
Asia Pacific bubble tea market highlights
- The Asia Pacific bubble tea market generated a revenue of USD 838.8 billion in 2022.
- The market is expected to grow at a CAGR of 9.8% from 2023 to 2030.
- In terms of segment, black tea was the largest revenue generating type in 2022.
- Green Tea is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 838.8 billion |
| Market revenue in 2030 | USD 1,775.8 billion |
| Growth rate | 9.8% (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 |
| Key market players worldwide | Ten Ren Tea, Gong Cha, Chatime, Lollicup USA, Inc., Bubble Tea Supply |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.5% of the global bubble tea market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,775.8 billion by 2030.
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Bubble Tea Market Scope
Bubble Tea Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 Asia Pacific 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.
Bubble tea has become extremely popular among youngsters across the region. Moreover, major tourist destinations in Asia Pacific, such as Thailand, Malaysia, India, the Philippines, Australia, and Singapore are attracting customers with the offerings of a wide range of flavored bubble tea and the unique Asian taste.
Major players are expanding their services across these countries in order to cater to the rising demand. For instance, in July 2019, Dr. Bubbles, a renowned bubble tea brand, announced plans to triple its franchises in India over the next few years.
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Target buyers of Asia Pacific bubble tea market databook
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Our clientele includes a mix of bubble tea 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 tea market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bubble tea market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific bubble tea market size, by country, 2017-2030 (US$B)
Asia Pacific Bubble Tea Market Share, 2022 & 2030 (US$B)
Related regional statistics
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