The Future Of The Global Bubble Tea Market In 2023
Back in 2016, the bubble tea industry was valued at an estimate of 2 million dollars with black bubble tea dominating 42% of the global bubble tea market. In 2019, the bubble tea industry has seen manufacturers and food associations investing heavily in their bubble tea produce. In the global market, bubble tea is predicted to be worth an estimated $4 million by 2023. The goal of many of this manufacturer like Gong Cha is to provide a delightful drinking experience. For instance, Gong Cha, one of the best bubble tea producers in the world, recently opened a new store in New Brunswick to allow more residence to have access to different bubble tea blends. Dating back to history: bubble tea is a worldwide accepted beverage with tea and chewy tapioca pearls as the main ingredients. Started in Taiwan, bubble tea hosted several other names like boba juice, bubble milk tea, tapioca pearl milk, boba tea, to name a few, depending on the country. The driving force of the beverage industry is the price and its health benefits. The new flavors introduced from time to time have helped to expand the market. The future of bubble tea when it comes to ingredient Bubble tea market is made up of black tea, green tea, oolong tea, and white tea. The green bubble tea, being most lucrative, is predicted to dominate up to one-third of the global bubble tea by 2023. And that's because of the several benefits of green tea on health. For instance, green tea reduces the risk of developing cancer, type 2 diabetes, and Parkinson's disease. It also helps with weight loss and reduces the level of cholesterol. On flavor When it comes to flavor, the bubble tea market consists of chocolate, coffee, fruit flavors, and others. Fruit flavors took the highest sales because customers prefer their high level of nutritional value on the body. Some also prefer the flavor because of its excellent quality, among other flavors. What's the future saying? According to several market research, below are what to expect in the bubble tea market by 2023. By 2023, the value of bubble tea is predicted to grow at a CAHR off 8.20%. The value of chocolate flavor will grow exponentially at a CAGR of 8.20%. Europe is also expected to take the lead in terms of value with a CAGR of 9.10%. Bubble tea dominance is expected to be highest in North America by taking 57% of the global bubble tea market. New York will dominate 97% of North America's global bubble tea. Based on collectively and value, Asia-pacific and North America will account for 83% of the bubble tea market in the world. In conclusion The domination of bubble tea in the world was primarily because of its nutritional benefits and affordable price. By 2023, Europe is predicted to experience the most significant growth, and then the Asia-pacific. What are your thoughts? Do you think North America can dominate the global bubble tea market by 2023? Feel free to share your opinion on our Instagram page and let us know what you think. Source: Free Articles from ArticlesFactory.com Rosario Berry is a professional freelance writer, like to introduce Gong Cha Franchise. Its innovative and they periodically add new Bubble Tea Flavors to their menu, which gives their customers even a wider selection to choose from..
Top blog stories
A review of Idmobile.com
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.
At Three, we believe phones are good. They just make life better. Easier. And more fun. But
we all need to find a balance that works for us. Our mission is to help our customers use
their phones to live their best lives.
We make your life easier
Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...
At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.
It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...
Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...
The Covid-19 has caused the school and universities to shut down around the world creating a major issue in Learning and Education. As this virus spreads through the interaction and if social distanci... The Covid-19 has caused the school and universities to shut down around the world creating a major...
Why its Important to Manage Your Holiday Calendars?
A printable calendar 2021 is a prominent online platform where you download printable calendars of your choice. These calendars can be customized as per our client requirement with photo, text, logo, or any other image. If you are thinking of planning a dream vacation tour with family and kids but...
Flannel sleepwear is without a doubt one of the most popular ladies sleepwear styles. But do you have any idea what it is exactly? What it is made of? Flannel sleepwear is just one of the many ladies sleepwear styles that are popular today. But do you have any idea...
You have to tackle the challenges that face you by adopting and applying things that work well towards the attainment of your personal goals. A habitual development assists you when trying to achieve goals. Article Tags: Personal Goals, Habitual Developments Source: Free Articles from ArticlesFactory.com
What is your main concern when it comes to buying skin care? For many it is knowing what to buy in the first place and do you go for a brand or something cheap? Botanical extracts are all the rage in beauty and skin care products, and for good reason....
There are a vast range of acne products that are available on the market. Obviously you want to be able to ensure that what you buy will help to clear your skin without any harsh side-effects. There are several natural supplements for acne that could help reduce pimples. If you...
Discover the fast, cost affective and long lasting solution to your Cosmetic Dentistry needs. No longer do you need to suffer silently with Teeth that have Worn Enamel or are showing excessive Wear and Tear. Stained Teeth can now also be a thing of the past with the Glamsmile Porcelain...
Women's robes are without a doubt one of the most useful ladies sleepwear styles available today. From refined and worldly to fresh and provocative, there are umpteenth varieties of robes in stock that suit virtually every taste and need. Here we will take a look at some of the more...
For example, most restaurants-especially national franchises have their own website and and allows you to sign up as a member to their website and you get emails that alert you about special deals going on at their restaurant. Source: Free Articles from ArticlesFactory.com
We hear our dentist say Dental Implants and we shiver in fear. This is always due to not understanding the procedure. Once you discover the truth about things such as Technological advances, Procedures required, Time needed for it all and the stunning realistically looking results you will change your mind...
By Anthony Ricigliano - News And Advice by Anthony Ricigliano -- The study of coins, also known as numismatics, has its origins going back to the first exchange of the metal discs for the purpose of commerce. While still hotly debated, its likely that the first coin was minted circa...
These days, there is a great variety of brassiere alternatives. Great styles include everything from full bras and minimizer bras to push up bras and demi cup bras, the choice goes on and on! It can be awe-inspiring trying to determine the different bra styles. The essential thing to bear...
Search topic
Choosing Full Bras
These days, there is a great variety of brassiere alternatives. Great styles include everything from full bras and minimizer bras to push up bras and demi cup bras, the choice goes on and on! It can be awe-inspiring trying to determine the different bra styles. The essential thing to bear...