Bubble Tea Market projected to reach $3.72 billion by 2034 with significant growth

From GlobeNewswire: 2025-01-13 08:00:00

The global Bubble Tea Market is projected to reach US$ 1.71 billion in 2024, with an expected CAGR of 8.1% from 2024 to 2034. Consumers are increasingly opting for natural ingredients and innovative flavors, driving the market growth. The market is forecasted to reach US$ 3.72 billion by 2034, with significant growth in the United States and China.

Leading players in the Bubble Tea Industry, such as Kung Fu Tea and Gong Cha USA Ltd., are focusing on introducing new drinks with various flavors to cater to consumer preferences. Chill Bubble Tea offers specialized teas for lactose intolerant and vegan consumers. Frothtea Bubble Tea recently received certification for adhering to food hygiene regulations.

The rising café culture and social media influence are positively impacting the Bubble Tea industry. Young consumers are driving the popularity of bubble tea, especially in South Asian and Pacific countries. The visually appealing nature of bubble tea is gaining traction on Chinese social media platforms like Weibo and Douyin, leading to increased demand.

Fact.MR provides comprehensive market analysis for the Bubble Tea industry, covering key factors like ingredients, flavors, formats, toppings, and distribution channels across different regions. With a focus on innovative products and changing consumer preferences, the market is expected to witness substantial growth in the coming years. Explore more market insights from Fact.MR research reports.



Read more at GlobeNewswire: Bubble Tea Market Set to Reach US$ 3.72 Billion, Exhibiting