South Africa Bubble Tea Market Size & Outlook, 2022-2030
South Africa bubble tea market, 2017-2030 (US$B)
Related Markets
South Africa bubble tea market highlights
- The South Africa bubble tea market generated a revenue of USD 69.6 billion in 2022 and is expected to reach USD 133.3 billion by 2030.
- The South Africa market is expected to grow at a CAGR of 8.5% 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 69.6 billion |
| Market revenue in 2030 | USD 133.3 billion |
| Growth rate | 8.5% (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, South Africa accounted for 2.5% 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 Middle East & Africa, South Africa bubble tea market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 133.3 billion by 2030.
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Bubble Tea Market Scope
Bubble Tea Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 42.96% in 2022. Horizon Databook has segmented the South Africa 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.
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Target buyers of South Africa 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 country-level data and insights on the South Africa bubble tea market, including forecasts for subscribers. This country databook contains high-level insights into South Africa bubble tea market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa bubble tea market size, by type, 2017-2030 (US$B)
South Africa Bubble Tea Market Share, 2022 & 2030 (US$B)
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