Bubble Food and Beverages Market to Surpass USD 8,096.2 Million Revenue by 2030, says P&S Intelligence

News provided by

Aug 24, 2022, 11:30 ET

NEW YORK, Aug. 24, 2022 /PRNewswire/ -- From $3,356.2 million in 2021, the bubble food and beverages market size is expected to advance to $8,096.2 million by 2030, at a 10.3% CAGR. Bubble food and beverages, which contain tapioca balls for extra nutrition, were created in Taiwan and have now become vastly popular, especially among the young.

Major Growth Factors

The demand for such products is driven by the youths' desire for boba-based food and beverages. For instance, bubble tea is considered a healthier and tastier alternative to conventional tea.
People's increasing focus on their health and fitness is impelling them to raise their intake of pure carbohydrates, proteins, and fibers, all of which are provided by food products containing tapioca (cassava).
A key driver for the market is, thus, the COVID-19 pandemic, as it has strengthened people's attention on immunity and overall health.
Moreover, being a new-age product, bubble food and beverages are advertised in innovative, quirky, colorful, and fun ways, which helps companies target college-goers and young adults.
Moreover, consumers are beginning to prefer food products that are organic, vegan, and free of gluten, dairy, and lactose.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/bubble-food-beverages-market-report/report-sample

Segmentation Analysis

Bubble tea has been the most-popular product for a while, and the situation will continue being so over this decade. This can be ascribed to the launch of bubble tea in various flavors in key markets, such as China, Australia, and Thailand.
Desserts are next on the list, with millennials experimenting with their food choices. Thus, they are going for tapioca-based desserts with added flavors, such as strawberries, green tea, mangoes, honey melons, oranges, and pomegranates.
The third-largest share in the market is held by fruit snacks, which are widely popular among children who would rather have jellies over actual fruits.
The on-trade distribution channel will see the faster increase in sales revenue due to people's growing interest in cafes, clubs, restaurants, and other fine-dining places.

Browse detailed report on Bubble Food and Beverages Market Size and Growth Forecast Report, 2030

Regional Outlook

The highest demand for such products is generated in APAC, where they were created. This is also partially because of the existence of a number of companies offering such products in China, India, Thailand, Japan, New Zealand, and Australia.
These companies offer a range of boba-containing products, including desserts, waffles, and pies, which have piqued the interest of the younger generations.
The fastest bubble food and beverages market advance will be seen in North America, where a number of restaurants have opened in the recent past serving bubble tea.
For instance, MBambu's fruit juices, Vietnamese coffees, boba milk teas, and Chè dessert drinks are especially popular in NYC.
Europe holds the second-largest share in the market on account of the growing popularity of tapioca-containing green tea, oolong tea, black tea, white tea, and other such healthy beverages.

Global Bubble Food and Beverages Market Report Coverage

By Product

Fruit Snacks
Desserts
Fruits Beverages
Bubble Tea

By Source

Tapioca-based
Bursting Bubbles

By Distribution Channel

On Trade
Off Trade

By Hypermarket & Supermarket
Online

Regional Analysis

North America

U.S.
Canada

Europe

Germany
France
U.K.
Spain
Italy

Asia-Pacific

China
Japan
India
Australia
South Korea

Latin America

Brazil
Mexico

Middle East and Africa

Saudi Africa
Saudi Arabia

Browse More Reports Published by P&S

Brain Health Supplements Market Size Analysis and Growth Forecast to 2030

Seaweed Protein Market Size Analysis and Growth Forecast to 2030

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter