Brazil Bubble Tea Market Size & Outlook, 2022-2030
Brazil bubble tea market, 2017-2030 (US$B)
Related Markets
Brazil bubble tea market highlights
- The Brazil bubble tea market generated a revenue of USD 115.7 billion in 2022 and is expected to reach USD 207.8 billion by 2030.
- The Brazil market is expected to grow at a CAGR of 7.6% 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.
Bubble tea market data book summary
| Market revenue in 2022 | USD 115.7 billion |
| Market revenue in 2030 | USD 207.8 billion |
| Growth rate | 7.6% (CAGR from 2022 to 2030) |
| Largest segment | Black tea |
| Fastest growing segment | Green Tea |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 4.2% of the global bubble tea market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bubble tea market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 207.8 billion by 2030.
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Bubble Tea Market Scope
Bubble Tea Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 43.04% in 2022. Horizon Databook has segmented the Brazil 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 been gaining traction among millennials in Brazil owing to the increasing availability of the product.
The rising number of bubble tea franchises in Brazilian cities, including São Paulo, Rio de Janeiro, and Itabuna, is boosting product demand. Though Brazil is mainly a coffee-drinking country, the demand for tea has been witnessing an upsurge with inclusion of different flavors and textures.
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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 country-level data and insights on the Brazil bubble tea market, including forecasts for subscribers. This country databook contains high-level insights into Brazil bubble tea market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil bubble tea market size, by type, 2017-2030 (US$B)
Brazil Bubble Tea Market Share, 2022 & 2030 (US$B)
Related regional statistics
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