Europe Bubble Tea Market Share

Europe Bubble Tea Market Overview

The bubble tea industry is projected to grow from USD Significant by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2023 - 2032). The rising popularity of tea and coffee as nootropic beverages among the working-class and student populations is one of the main market driver propelling the bubble tea market's expansion.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Bubble Tea Market Trends

• Growing consumption of tea is driving the market growth

The market CAGR for bubble tea is anticipated to grow in the future due to the rise in tea consumption. The process of making tea involves adding hot water to chopped, dried leaves and occasionally flower petals, most commonly from the Camellia sinensis plant. Tea has long been a beloved beverage all throughout the world, and in recent years, its appeal has grown significantly because of its many health benefits and versatility. Additionally, customers are anticipated to seek out new and inventive tea-based beverages, such bubble tea, as tea's popularity grows. It is anticipated that the bubble tea market would grow as more people look for this unique and reviving beverage. In addition, customers can now find and enjoy bubble tea more easily than ever thanks to the growth of specialty tea shops and online ordering. According to the UK-based International Tea Committee (ITC), tea consumption more than doubled in the preceding 20 years, rising 113% to 6.7 million metric tons in 2022. As a result, the bubble tea market will be driven by an increase in tea consumption.

It is projected that the introduction of novel bubble tea tastes, such as fruit flavors like banana, apple, lychee, kiwi, watermelon, and others, will greatly expand the market's potential for growth. Almond, ginger, coffee, and other flavors are among the additional flavors of bubble tea. Furthermore, it is anticipated that the introduction of novel fruit flavors—like avocado, coconut, grape, jackfruit, plum, green apple, lemon, and passion fruit—will create enormous growth prospects for the industry. In addition, a variety of toppings can be added to the bubble tea, including cookie crumbs, red beans, ice cream, cheese cream, and fresh fruit. For pudding, you can add barley, chocolate, mocha, sesame, caramel, taro, lavender, rose, and other flavors. It is anticipated that each of these variables will present enormous growth prospects in the years to come. Thus, driving the bubble tea market revenue.

Bubble Tea Market Segment Insights

Bubble Tea Type Insights

The Europe Bubble Tea market segmentation, based on type includes Black Tea, Green Tea, Oolong Tea, and White Tea. The black tea segment dominated the market mostly. Black tea, which is made from camellia sinensis, has several health advantages and is high in antioxidants. As the main ingredient of bubble tea, black tea has several health advantages, including enhancing energy, improving metabolism, heart health, and alertness. It also enhances intestinal health, metabolism, and helps avoid kidney stones, dental cavities, osteoporosis, diabetes, and high cholesterol.

Bubble Tea Flavor Insights

The Europe Bubble Tea market segmentation, based on flavor, includes Fruit, Original, Chocolate, Coffee, and Others. The fruit category generated the most income. This expansion may be mostly attributed to the range of fruit flavors offered in bubble tea, which improve flavor and preserve the pulpy, authentic fruit flavor of the beverage. There are many different fruit tastes that come in bubble tea, including banana, jackfruit, honeydew, peach, mango, lychee, avocado, plum, strawberry, banana, watermelon, pineapple, and kiwi.

Figure 1: Europe Bubble Tea Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Bubble Tea Regional Insights

The Europe bubble tea market area will grow at a significant rate. The beverage options available to consumers in Europe are highly discerning. Additionally, during the past 20 years, there has been an increase in the number of health-conscious consumers in this area. European customers always appreciate a fresh tea taste and want high-quality tea items. Several of the most popular bubble teas in Europe are black and green varieties enhanced with fruit flavor tapioca balls. Customers that know their tea kinds and like to sip bubble tea like expensive specialty teas that provide a distinctive experience. Healthy bubble teas are also becoming more popular as a result of younger people's growing health consciousness, which supports market expansion. More chances to offer distinctive tea blends, tastes, and ready-to-drink bubble teas are presented by this for bubble tea suppliers.

Figure 2: EUROPE BUBBLE TEA MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Bubble Tea Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the bubble tea market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, bubble tea industry must offer cost-effective items.

Key Companies in the bubble tea market include

• Lollicup USA Inc. (US)


• CuppoTee Company (Taiwan)


• Bubble Tea House Company (India)


• Ten Ren’s Tea Time (US)


• Boba Box Limited (UK)


• Sumos Sdn Bhd (Malaysia)


• Boba Tea Company (US)


• Troika JC. (Qbubble) (US)


• Fokus Inc., (Taiwan)


• Tea Time (China)


• Kuaikeli Enterprise Co., Ltd. (China)


• COCO International Co., Ltd. (Vietnam)


• Kung Fu Tea (US)


• Gong Cha (China)


• Boba Guys (US)


• Chatime (Taiwan)


• ShareTea (US)


• Coco Fresh (India)

Bubble Tea Market Segmentation

Bubble Tea Type Outlook

• Black Tea


• Green Tea


• Oolong Tea


• White Tea

Bubble Tea Flavor Outlook

• Fruit


• Original


• Chocolate


• Coffee


• Others

Bubble Tea Regional Outlook

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe