The global Bubble Tea market size is projected to reach USD 15.19 billion by 2029

Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. There are many varieties of the drink with a wide range of ingredients. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca.

The Bubble Tea market covers Classic/Original, Fruit Flavored, Other Flavors, etc. The typical players include Kung Fu Tea, Gong Cha, Boba Guys, Chatime, ShareTea, 8tea5, Quickly, CoCo Fresh, etc.

According to the new market research report “Global Bubble Tea Market Report 2023-2029”, published by GlobalInfoResearch, the global Bubble Tea market size is projected to reach USD 15.19 billion by 2029, at a CAGR of 14.8% during the forecast period.

• Global Bubble Tea MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Bubble Tea Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

• Global Bubble Tea Top9Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Bubble Tea Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Bubble Tea include Chatime, Gong Cha, CoCo Fresh, Quickly, ShareTea, etc. In 2020, the global top four players had a share approximately 26.0% in terms of revenue.

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