Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. There are many varieties of the drink with a wide range of ingredients. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca.
Chatime, Coco Fresh, Gong Cha and Quickly are the main manufacturers of bubble milk tea, with the top three accounting for about 15% of the whole market.
Asia-Pacific is estimated to have a major share in the global market with nearly 60%.

Market Analysis and Insights: Global Bubble Tea Market
In 2020, the global Bubble Tea market size was US$ 6768.3 million and it is expected to reach US$ 23010 million by the end of 2027, with a CAGR of 19.1% during 2021-2027.
Global Bubble Tea Scope and Market Size
Bubble Tea market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Bubble Tea market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Bubble Tea market is segmented into
Classic/Original
Fruit Flavored
Other Flavors
The segment of classic or original holds a comparatively larger share in global market, which accounts for about 53%.

Segment by Application, the Bubble Tea market is segmented into
18-25 years old
26-35 years old
36-45 years old
Other Groups
The 18-25 years old holds an important share in terms of applications, and accounts for 35% of the market share.

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Bubble Tea Market Share Analysis
Bubble Tea market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Bubble Tea product introduction, recent developments, Bubble Tea sales by region, type, application and by sales channel.

The major companies include:
Kung Fu Tea
Gong Cha
Boba Guys
Chatime
ShareTea
8tea5
Quickly
CoCo Fresh
ViVi Bubble Tea