Retail Bubble Tea Kits Market Research, 2030
The global retail bubble tea kits market was valued at $47,224.42 thousand in 2020 and is projected to reach $133,554.40 thousand by 2030, growing at a CAGR of 9.86% from 2021 to 2030.
A retail bubble tea kit is an assortment of individual components of bubble tea sold as a single unit for a single price. Individual components include flavor, creamer, sweetener, liquid, and tapioca pearls. Retail bubble tea kits are sold to consumers to make bubble tea at home. It can be purchased through various retail channels including supermarkets & hypermarkets, convenience stores, and online retail.
The retail industry is the economic sector that includes companies and individuals involved in the selling finished products and goods to end-users. A wide range of bubble tea and related products are sold through various retail channels such as hypermarkets, supermarkets, convenience stores, discounters, forecourt retailers, and grocery stores. Internet retailing, discounters, and convenience stores are the fastest-growing retailers in the bubble tea industry. Tea is one of the most popular beverages consumed worldwide. The demand for bubble tea is driven by its several health benefits as it is rich in antioxidants such as polyphenols, including flavonoids and catechins. These prevent large-scale cellular destruction via the stabilization of harmful free radicals present in the human body. The nutritional composition of this tea also includes vitamins (C, K, B12, B6, and E), minerals (trace amount of potassium, manganese, magnesium, and calcium), and amino acids (L-theanine).
The price of bubble tea is the key factor for its global prominence. Raw materials used in the manufacturing of bubble tea kit include tea, flavor, creamer, sweetener, tapioca pearls, and others. Such raw materials are priced lower as compared to other similar beverages such as coffee, which includes latte, cappuccino, Caffe mocha, and other types. In addition, making and drinking bubble tea at home is more cost-effective than drinking bubble tea at cafes and restaurants. Hence, all the aforementioned factors help in growth of the market the retail bubble tea kits market. However, a lack of awareness regarding the availability of the retail bubble tea kits and the health benefits of bubble tea are likely to limit the growth of the retail bubble tea kits market size during the forecast period.
According to the retail bubble tea kits market analysis, the market is segmented on the basis of base ingredient, flavor, component, distribution channel and region. On the basis of the base ingredient, the retail bubble tea kits market is categorized into black tea, green tea, oolong tea and white tea. On the basis of flavor, the market is segmented into, original flavor, coffee flavor, fruit flavor, chocolate flavor and others. By component, the market is segregated into flavor, creamer, sweetener, liquid, tapioca pearls and others. On the basis of distribution channel, market is segmented into supermarkets and hypermarkets, convenience store, online retail and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Taiwan and Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey and Rest of LAMEA).
According to the retail bubble tea kits market trend, on the basis of base ingredients, the green tea segment was the significant contributor to the market, with $13,959.8 thousand in 2020, and is estimated to reach $42,707.9 thousand by 2030, at a CAGR of 10.7% during the forecast period. Bubble tea with green tea as base ingredient is a popular dietary drink among health conscious consumers. Green tea increases fat burning and improves physical performance of the body. In addition, green tea can kill bacteria, which improves dental health and lowers risk of oral infection, therefore, leading to rise in its demand.
On the basis of flavor, the chocolate flavor segment has considerable share in the market. Chocolate helps to stimulate the functioning of brain and helps to release physical stress. Chocolate flavored beverages are getting popular among all age groups. In addition, chocolate flavor bubble tea improves heart health and burns excess body fat. Therefore, owing to health benefits of chocolate and bubble tea and rise in demand for chocolate flavored beverages among consumers is expected to propel growth of the market.
According to the retail bubble tea kits market trend, on the basis of component, the tapioca pearls segment was the significant contributor to the market, with $13,603.6 thousand in 2020, and is estimated to reach $32,346.6 thousand by 2030, at a CAGR of 8.0% during the forecast period. Tapioca pearls are the most basic and primary components in bubble tea. They come with different health benefits such as it is easy to digest and helping in weight gaining for malnourished people. Moreover, it is a rich source of calcium and improves blood clotting capacity. Hence, such health benefits propel the demand for bubble tea with tapioca pearls among consumers, which drives growth of the market.
On the basis of distribution channel, the online retail segment has a considerable share in the market. Easy accessibility offered by online retail platforms boosts their adoption for bubble tea kits, thus becoming a popular medium for the purchase of bubble tea kits. Easy availability of information and online demo videos of making bubble tea at home is expected to drive the growth of the retail bubble tea kits market during the forecast period.
According to the retail bubble tea kits market opportunities, Region wise, Asia-Pacific garnered a significant share in the market in 2020, and is expected to maintain its share throughout the retail bubble tea kits market forecast period. The demand for bubble tea in Asia-Pacific has grown significantly over the years, owing to increase in its consumption. China and Japan are the major contributors to the growth of this region. High penetration rate of packaged and unpackaged bubble tea in Asia-Pacific, expanding product range by established manufacturers, and growth in population drive the retail bubble tea kits market.
The players operating in the global retail bubble tea kits industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include ORBITEL INTERNATIONAL, BUBBLE TEA HOUSE COMPANY, Boba Barista, Locca Bubble Tea, Bubble Tea Supply, THE TEASHED, The Bubble Tea Club, Buddha Bubbles Boba, BOBA CHiC, and Bek Foods
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the retail bubble tea kits market analysis from 2020 to 2030 to identify the prevailing retail bubble tea kits market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the retail bubble tea kits market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global retail bubble tea kits market trends, key players, market segments, application areas, and market growth strategies.
Retail Bubble Tea Kits Market Report Highlights
| Aspects | Details |
 By Base Ingredient |
|
 By Flavor |
|
 By Component |
|
 By DISTRIBUTION CHANNEL |
|
 By Region |
|
 Key Market Players | Locca Bubble Tea, THE TEASHED, BOBA CHiC, Boba Barista, Bubble Tea Supply, The Bubble Tea Club, Bobagreen, ORBITEL INTERNATIONAL, Buddha Bubbles Boba, BUBBLE TEA HOUSE COMPANY |
Analyst Review
The global retail bubble tea kits market holds a substantial scope for growth during the forecast period. Presently, the market is moving toward the growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. CXOs from leading companies perceive that product innovation, development of newer flavors, use of organic preservatives & color in the manufacturing process, and alternative options to make bubble tea at home are major areas of growth for the retail bubble tea kits market. Moreover, an increase in disposable income and economic growth in advanced & emerging economies support the market growth.
According to CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, expansions of online stores, and rise in consumption of healthy beverages, and low price of bubble tea kits as compared to the on-trade bubble tea price.
The retail bubble tea kits market size was valued at $47,224.4 thousand in 2020.
2021 to 2030 would be forecast period in the Retail bubble tea kits market report.
$57,306.8 thousand is the market value of Retail bubble tea kits market in 2021.
2020 is base year calculated in the Retail bubble tea kits market report.
ORBITEL INTERNATIONAL, BUBBLE TEA HOUSE COMPANY, Boba Barista, Locca Bubble Tea, Bubble Tea Supply, and THE TEASHED are some of the top companies hold the market share in Retail bubble tea kits market
Chocolate Flavor retail bubble tea kit is the most influencing segment growing in the Retail bubble tea kits market report.
Increasing demand for Do-It-Yourself food and beverages, availability of the cost effective retail bubble tea kits are key trends in the Retail bubble tea kits market report.
India and Australia is expected to grow at CAGR of 12.7% and 8.9% during the forecast period.
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