Global Bubble Tea Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 7.4% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 9, 2018--The “Bubble Tea Market by Base Ingredient, Flavor, Component - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.
The global bubble tea market was valued at $1,957 million in 2016, and is projected to reach $3,214 million by 2023, growing at a CAGR of 7.40% from 2017 to 2023. The black tea bubble tea accounted for more than 42% of the global bubble tea market in 2016.
Tea offers various health benefits owing to presence of polyphenols working as antioxidants, vitamins, trace minerals; and different amino acids resulting in stronger immunity, lower cholesterol, increased metabolism, prevention of cancer, and more. In addition, the presence of small amount of caffeine makes it a mild stimulant preventing fatigue.
By base ingredient, the global bubble tea market is divided into black tea, green tea, oolong tea and white tea. The green tea bubble tea segment is estimated to be the most lucrative segment and hold a large proportion of the global bubble tea market size, since it offers several health benefits such as prevention of variety of cancers & cardiovascular diseases, lowers cholesterol, enhances metabolism, helps in weight loss, and reduces risk of type II diabetes as well as Alzheimers & Parkinsons diseases.
Based on components, the global bubble tea market is divided into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Liquid by component is expected to dominate the bubble tea market throughout the forecast period, as liquid id the base of the bubble tea. The major part of the liquid is the tea, which is the key ingredient in the manufacturing of the bubble tea.
Companies Profiled:Lollicup USA Inc. CuppoTee Company Bubble Tea House Company Ten Ren’s Tea Time Boba Box Limited Sumos Sdn Bhd Gong Cha USA Boba Tea Company Troika JC. Fokus Inc.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Bubble Tea Market, By Base Ingredient
Chapter 5: Bubble Tea Market, By Flavors
Chapter 6: Bubble Tea Market, By Components
Chapter 7: Bubble Tea Market, By Geography
Chapter 8: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/phmv28/global_bubble_tea?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180709005328/en/
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Related Topics:Tea,Food Additives
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 07/09/2018 05:00 AM/DISC: 07/09/2018 05:01 AM