AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Bubble Tea Market 2019-2023 | Evolving Opportunities with Fanale Drinks and Fokus | Technavio

December 2, 2019 GMT
Global Bubble Tea Market 2019-2023 | Evolving Opportunities with Fanale Drinks and Fokus | Technavio
Global Bubble Tea Market 2019-2023 | Evolving Opportunities with Fanale Drinks and Fokus | Technavio

LONDON--(BUSINESS WIRE)--Dec 2, 2019--

Technavio has been monitoring the global bubble tea market and the market is poised to grow by USD 963.05 million during 2019-2023 at a CAGR of over 7% during the forecast period. Request Free Sample Pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191201005244/en/

Technavio has announced its latest market research report titled global bubble tea market 2019-2023. (Graphic: Business Wire)

Read the 116-page research report with TOC on “Bubble Tea Market Analysis Report by Geography (Americas, APAC, and EMEA), by Base ingredient (Black tea, Green tea, and Others), by Component (Flavor, Creamer, Sweetener, Tapioca balls and popping balls, and Others), and Segment Forecasts, 2019 - 2023”.

The market is driven by the rising accessibility and availability of the products through organized retail. In addition, the introduction of new flavors is anticipated to further boost the growth of the bubble tea market.

With the growth of population and rapid urbanization, organized retailers are expanding to various locations. This growth is also driving the establishment of online specialty stores such as Tesco.com and hypermarkets and supermarkets such as Walmart. Vendors provide food and beverage items that are affordable, convenient, and nutritious through the different retail outlets. They also sell ingredients such as tea powder, popping balls, and tapioca balls to prepare bubble tea. Thus, the rising accessibility and availability of bubble tea products through organized retail outlets is expected to drive market growth during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Bubble Tea Market Companies:

Fanale Drinks

Fanale Drinks is headquartered in the US and operates the business under various segments such as Toppings, Bubble Tea Flavoring Powder, Snow Ice/Frozen Yogurt, and Containers. The company offers products such as Tapioca Pearls / Boba and Tea Leaves.

Fokus

Fokus is headquartered in Taiwan and offers products through the following business units: Concentrated Juice, Premium Tea, Jelly, and Others. The company offers products such as Popping boba and Premium Tea.

GRAND CHAINLY

GRAND CHAINLY is headquartered in Taiwan and operates under various business segments, namely Bubble Tea Toppings, Tea & Flavorings, Store Equipment and Machine Supplies, and Drinking Cups & Packaging Containers. The company offers products such as Tea Leaves and Tapioca Pearls and Balls Supplies.

HUEY-YUHE ENTERPRISE

HUEY-YUHE ENTERPRISE is headquartered in Taiwan and offers products through the following business segments: Products and Service. The company offers products such as Beverage Materials and Jelly & Popball.

Lollicup USA

Lollicup USA is headquartered in the US and offers products through the following business segments: Karat, Karat Earth, Tea Zone, and Total Clean. The company offers products such as BOBA (TAPIOCA), POPPING PEARLS, and TEA LEAVES.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform

Bubble Tea Base Ingredient Outlook (Revenue, USD Million, 2019 - 2023)

Bubble Tea Regional Outlook (Revenue, USD Million, 2019 - 2023)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Consumer Staplesare:

Tea Market – Global Tea Market by type (black tea, green tea, and others), distribution channel (online and offline), and geography (the Americas, APAC, and EMEA).

Oolong Tea Market – Global Oolong Tea Market by product (conventional oolong tea and organic oolong tea) and geography (the Americas, APAC, and EMEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191201005244/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: SUPERMARKET RETAIL ONLINE RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 12/02/2019 02:30 AM/DISC: 12/02/2019 02:30 AM

http://www.businesswire.com/news/home/20191201005244/en