Bubble Food & Beverages Market Size Is Projected To Reach USD 8.94 Billion By 2030
Posted by Neha Bora on August 24th, 2022
San Francisco, 24 Aug 2022: The Report Bubble Food & Beverages Market Size, Share & Trends Analysis Report By Product (Desserts, Bubble Tea), By Source (Tapioca-based, Bursting Bubble), By Distribution Channel (Off-trade, On-trade), And Segment Forecasts, 2022 - 2030
The global bubble food & beverages market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of 9.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. The rising health-consciousness among consumers, along with increasing awareness about various health benefits associated with boba consumption, has been driving the growth of the global market. The tapioca-based bubble food & beverages segment accounted for a majority of the share to become a larger division in 2021. Tapioca has no saturated fat, lowers insulin levels, and is rich in calcium & iron, which are the major factors driving its application in bubble food & beverages. Furthermore, the easy availability of tapioca pearls is also contributing to the segment growth. The bubble tea segment held the majority of the share in 2021.
The availability of different flavors of boba pearls along with the rising consumption of healthy beverages, such as green tea, black tea, and white tea, among the consumers especially, millennials, has driven the demand for bubble tea in the market. The on-trade segment is expected to register the fastest CAGR from 2022 to 2030. The growing consumer preference for convenience, hygiene, and high-quality standards of food & beverages has driven the demand for handcrafted bubble food & beverages. Moreover, many restaurants & cafés are introducing new flavors of boba snacks and beverages to their menu, which is likely to drive the segment’s growth. The market is characterized by the presence of some large-scale companies as well as some developing brands. Leading manufacturers hold a significant market share in major parts of Asia Pacific.
Access Research Report of Bubble Food & Beverages Market @ https://www.grandviewresearch.com/industry-analysis/bubble-food-beverages-market-report
Bubble Food & Beverages Market Report Highlights
List of Key Players of the Bubble Food & Beverages Market
Access Press Release of Bubble Food & Beverages Market @ https://www.grandviewresearch.com/press-release/global-bubble-food-beverages-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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