Asia Pacific Bubble Food & Beverages Market Size, Share & Industry Trends Analysis Report By Distribution Channel (On-trade and Off-trade), By Product, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Bubble Food & Beverages Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
While people don't want to consume too much of this beverage, a less sugary version can speed up the metabolism of the body. This beverage is a great source of energy as it contains sugar and caffeine whether it's green, black, or white tea. If someone wants to prepare a healthy version of bubble tea, the anti-inflammatory ingredients & antioxidants in the beverage can strengthen the blood vessel walls & stop the arteries from forming plaque.
In addition, the body may get affected by free radicals. As a result, some internal organs may mutate, with cancer & other chronic illnesses. Epigallocatechin and polyphenols, which are found in green tea, help combat free radicals. As a result, it makes sense to include green tea in the tapioca balls as part of people’s regular consumption. It also works as a mood booster.
At first, only street vendors selling what was then known as Taiwanese milk tea could be found selling bubble tea. However, nowadays, if someone goes to Vietnam, they can see well-known franchised brands like Gong Cha, R&B, or Koi Thé. The selection & quality of bubble tea shops has increased. Drinks are now consumed by customers in fully furnished areas that have air music, conditioning, & high wooden tables. These stores draw young individuals seeking social interaction and conversation. There are calm bubble tea spots for people who want to study or work. Bubble tea has grown in popularity not just in Eastern nations but also in Western countries. Local pearl milk tea stores initially concentrated on serving the Asian community.
The China market dominated the Asia Pacific Bubble Food & Beverages Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $717.4 Million by 2028. The Japan market is experiencing a CAGR of 9.3% during (2022 - 2028). Additionally, The India market would display a CAGR of 10.6% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into On-trade and Off-trade. Based on Off-trade Type, the market is segmented into Hypermarkets & Supermarkets, Online and Others. Based on Source, the market is segmented into Tapioca-based, and Bursting Bubble. Based on Product, the market is segmented into Bubble Tea, Desserts, Fruit Snacks, Fruit Beverages and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Del Monte Pacific Limited, Bubble Tea Club, Fokus Inc., Gong Cha, Ten Ren Tea Co., Ltd., Modoo Food Ltd., Lollicup USA Inc., and Bubble Tea Supply Inc.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Hypermarkets & Supermarkets
- Bursting Bubble
- Bubble Tea
- Fruit Snacks
- Fruits Beverages
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Del Monte Pacific Limited
- Bubble Tea Club
- Fokus Inc.
- Gong Cha
- Ten Ren Tea Co., Ltd.
- Modoo Food Ltd.
- Lollicup USA Inc.
- Bubble Tea Supply Inc.
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