Global bubble tea market to reach US$3.48 billion by 2026

Attention, bubble tea lovers! The increasing demand for beverages such as tea and coffee around the world is driving the more growth for the global bubble tea market, according to Fortune Business Insights, in its latest report Bubble Tea Market Size, Share and Global Trend By Type (Black Tea, Green Tea, Oolong Tea, and White Tea), Flavour (Original, Fruit, Chocolate, Coffee, and Others), and Regional Forecast till 2026.
The firm revealed that the bubble tea market, which was valued at US$ 1.89 billion in 2018, is predicted to reach $3.49 billion by 2026, exhibiting a CAGR of 8.09%.
Bubble tea is associated with various names such as boba tea, pearl milk tea, boba juice, bubble milk tea, or just simple bubble tea.
By type, the global Bubble Tea Market is segmented into black tea, green tea, oolong tea, with black tea expected to dominate the bubble tea market, owing to the “increasing health-conscious consumers across the world” according to the report. What’s more, the rising shift towards organic food products will speed up the growth of the segment in the forthcoming year, the research firm added.
Finally, the rising consumer demand for bubble tea has impelled companies to launch a range of flavourful bubble tea options for the consumers, and the unveiling of more bubble tea chains catering to more flavour offerings will boost the global bubble tea revenues. (Image from Pixabay)