U.S. Bubble Tea Market Size & Outlook, 2022-2030
U.S. bubble tea market, 2017-2030 (US$B)
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U.S. bubble tea market highlights
- The U.S. bubble tea market generated a revenue of USD 903.2 billion in 2022 and is expected to reach USD 1,743.9 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 8.6% 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 903.2 billion |
| Market revenue in 2030 | USD 1,743.9 billion |
| Growth rate | 8.6% (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, U.S. accounted for 32.8% 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 North America, U.S. bubble tea 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 1,743.9 billion by 2030.
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Bubble Tea Market Scope
Bubble Tea Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 43.05% in 2022. Horizon Databook has segmented the U.S. 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.
The growing popularity of tea among millennials is the main factor expected to drive the demand for bubble tea.
According to the Tea Association of the U.S., around 87% of millennials drank tea in 2018. Millennials are embracing healthier lifestyles and showing a willingness to pay for premium beverages, which are other factors expected to pave the way for bubble tea in the foreseeable future.
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Target buyers of U.S. 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 U.S. bubble tea market, including forecasts for subscribers. This country databook contains high-level insights into U.S. bubble tea market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. bubble tea market size, by type, 2017-2030 (US$B)
U.S. Bubble Tea Market Share, 2022 & 2030 (US$B)
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