The market for bubble tea was worth USD 1.9 billion in 2020 and is expected to reach USD 4.34 billion by 2028, with a CAGR of 7.8% from 2021 to 2027.
Bubble tea is commonly consumed by customers in Asia Pacific countries such as China, Japan, and Taiwan, as well as in North America. In Latin America, the Middle East, and Africa, however, the bubble tea market is still in its infancy.
Consumers in these areas may be ignorant of the distinct qualities of bubble tea and may be hesitant to accept this novel beverage. The low penetration of bubble tea products in certain regions may have a negative impact on the bubble tea market's overall growth.
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