The Europe Bubble Food & Beverages Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Manufacturers have been motivated to provide new goods due to expanding investment in R&D as well as growing customer knowledge of the advantages of products made with natural, organic, and vegan tapioca pearls.
Customers who are concerned about their health are favoring exploding boba that doesn't include caffeine, gluten, eggs, dairy, or nuts. Many businesses are offering healthy drinks and expanding their selections to include bubble teas, bursting boba, and toppings in an effort to profit from these trends. Many vendors are providing ready-to-serve toppings for quick, simple drinks.
One of the most well-known types of bubble tea is green tea, which is also known to contain several antioxidants like catechins that support the immune system by reducing oxidative stress. Additionally, including fresh fruit in the beverage, such as strawberries or mango, provides a significant amount of vitamin C, which strengthens the immune system even more. This popular Taiwanese beverage is a great source of energy due to the sugar and caffeine it contains whether it's green, black, or white tea.
Europe region particularly in nations like the United Kingdom, France, & Germany, consumer preference for healthful drinks including green tea, black tea, oolong tea, and white tea is anticipated to fuel the expansion of bubble tea. Also, it is anticipated that the growing consumer preference for vegan products in nations like the U.K. and Germany will present lucrative opportunities for vegan bubble-based beverages. The bubble tea industry in the UK is still growing, and there are now tea shops spread out across the entire nation. The recent increase in the number of vegans and those who consume a plant-based diet in European nations is evidence that veganism is a modern and expanding social movement.
The Germany market dominated the Europe Bubble Food & Beverages Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $428.1 Million by 2028. The UK market is anticipated to grow a CAGR of 7.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Bubble Food & Beverages Market will Hit $7 Billion by 2028, at a CAGR of 9.2%
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.
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