U.S. Bubble Tea Market

U.S. Bubble Tea Market Size, Share, Growth Analysis, By Type(Black Tea, Green Tea, Oolong Tea, White Tea), By Flavor(Fruit Flavor, Original Flavor, Chocolate Flavor, Coffee Flavor), By Region/Country(Northeast, Southeast, Midwest, Southwest) - Industry Forecast 2024-2031

Report ID: UCMIR30G2037 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

U.S. Bubble Tea Market Insights

Market Overview:

The U.S. bubble tea market was valued at $434.11 million in 2022 and is anticipated to experience significant growth, reaching $750.59 million by 2030 with a compound annual growth rate (CAGR) of 7.10% during this period. This growth can be attributed to the increasing demand for milk tea and coffee as nootropic beverages among the younger generation, alongside the fast-paced lifestyles of consumers. Moreover, the rising consumption of flavored bubble tea, particularly within the vegan category, is expected to drive market expansion in the United States, which is poised to become a lucrative market due to the presence of key industry players and the growing popularity of pearl milk tea.

U.S. Bubble Tea Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Soft Drinks by segment aggregation, the contribution of the Soft Drinks in Food, Beverage & Tobacco and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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The market for U.S. Bubble Tea was estimated to be valued at US$ XX Mn in 2021.

The U.S. Bubble Tea Market is estimated to grow at a CAGR of XX% by 2028.

The U.S. Bubble Tea Market is segmented on the basis of Type, Flavor, Region/Country.

Based on region, the U.S. Bubble Tea Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the U.S. Bubble Tea Market are , Quickly , Tiger Sugar , Gong Cha , Kung Fu Tea , Sharetea , The Boba Guys , Tapioca Express , Bubbles Tea & Juice Company , Brew Tea Bar , Happy Lemon .

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U.S. Bubble Tea Market

Product ID: UCMIR30G2037