The North America Bubble Food & Beverages Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
The U.S. has a number of boba vendors which are out of tapioca. The exports of fully formed boba originated in Taiwan while the export of cassava root, which is required to manufacture tapioca, came from Thailand & Pacific Ocean islands. The vendors stated that the companies' current tapioca supply was running short and due to this reason, product shipments had been delayed for several months. The popularity of bursting boba and bubble foods and drinks has been fueled by the variety of sauces and toppings, flavors, and combinations of taste and texture that are available. Market participants are learning about the immersive boba experience and current customer preferences, which bodes well for market growth.
North America is accounting for the high demand for bubble food & beverages. The demand for bubble food & beverages is being driven by consumers' willingness to spend a high price for healthy foods and beverages in nations having high disposable incomes like the U.S. and Canada. The increasing number of product releases by key regional businesses will further support overall growth. It is hardly surprising that Canadians are highly consuming bubble tea given how diverse Canada is. The top cities for getting the bubble tea fix are hailed as Vancouver & Toronto, both of which have an excellent list of international chains & locally owned businesses.
The US market dominated the North America Bubble Food & Beverages Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,441.4 Million by 2028. The Canada market is poised to grow at a CAGR of 10.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.8% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into On-trade and Off-trade. Based on Off-trade Type, the market is segmented into Hypermarkets & Supermarkets, Online and Others. Based on Source, the market is segmented into Tapioca-based, and Bursting Bubble. Based on Product, the market is segmented into Bubble Tea, Desserts, Fruit Snacks, Fruit Beverages and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bubble Food & Beverages Market is Estimated to reach $7 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Del Monte Pacific Limited, Bubble Tea Club, Fokus Inc., Gong Cha, Ten Ren Tea Co., Ltd., Modoo Food Ltd., Lollicup USA Inc., and Bubble Tea Supply Inc.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- On-trade
- Off-trade
- Hypermarkets & Supermarkets
- Online
- Others
By Source
- Tapioca-based
- Bursting Bubble
By Product
- Bubble Tea
- Desserts
- Fruit Snacks
- Fruits Beverages
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Del Monte Pacific Limited
- Bubble Tea Club
- Fokus Inc.
- Gong Cha
- Ten Ren Tea Co., Ltd.
- Modoo Food Ltd.
- Lollicup USA Inc.
- Bubble Tea Supply Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Bubble Food & Beverages Market, by Distribution Channel
1.4.2 North America Bubble Food & Beverages Market, by Source
1.4.3 North America Bubble Food & Beverages Market, by Product
1.4.4 North America Bubble Food & Beverages Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Bubble Food & Beverages Market by Distribution Channel
3.1 North America On-trade Market by Country
3.2 North America Off-trade Market by Country
3.3 North America Bubble Food & Beverages Market by Off-trade Type
3.3.1 North America Hypermarkets & Supermarkets Market by Country
3.3.2 North America Online Market by Country
3.3.3 North America Others Market by Country
Chapter 4. North America Bubble Food & Beverages Market by Source
4.1 North America Tapioca-based Market by Country
4.2 North America Bursting Bubble Market by Country
Chapter 5. North America Bubble Food & Beverages Market by Product
5.1 North America Bubble Tea Market by Country
5.2 North America Desserts Market by Country
5.3 North America Fruit Snacks Market by Country
5.4 North America Fruits Beverages Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Bubble Food & Beverages Market by Country
6.1 US Bubble Food & Beverages Market
6.1.1 US Bubble Food & Beverages Market by Distribution Channel
6.1.1.1 US Bubble Food & Beverages Market by Off-trade Type
6.1.2 US Bubble Food & Beverages Market by Source
6.1.3 US Bubble Food & Beverages Market by Product
6.2 Canada Bubble Food & Beverages Market
6.2.1 Canada Bubble Food & Beverages Market by Distribution Channel
6.2.1.1 Canada Bubble Food & Beverages Market by Off-trade Type
6.2.2 Canada Bubble Food & Beverages Market by Source
6.2.3 Canada Bubble Food & Beverages Market by Product
6.3 Mexico Bubble Food & Beverages Market
6.3.1 Mexico Bubble Food & Beverages Market by Distribution Channel
6.3.1.1 Mexico Bubble Food & Beverages Market by Off-trade Type
6.3.2 Mexico Bubble Food & Beverages Market by Source
6.3.3 Mexico Bubble Food & Beverages Market by Product
6.4 Rest of North America Bubble Food & Beverages Market
6.4.1 Rest of North America Bubble Food & Beverages Market by Distribution Channel
6.4.1.1 Rest of North America Bubble Food & Beverages Market by Off-trade Type
6.4.2 Rest of North America Bubble Food & Beverages Market by Source
6.4.3 Rest of North America Bubble Food & Beverages Market by Product
Chapter 7. Company Profiles
7.1 Del Monte Pacific Limited
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent Strategies and Developments
7.1.5.1 Product Launches and Product Expansions
7.2 Bubble Tea Club
7.2.1 Company Overview
7.3 Fokus, Inc.
7.3.1 Company Overview
7.4 Gong Cha
7.4.1 Company Overview
7.4.2 Recent Strategies and Developments
7.4.2.1 Product Launches and Product Expansions:
7.5 Ten Ren Tea Co., Ltd.
7.5.1 Company Overview
7.6 Modoo Food Ltd.
7.6.1 Company Overview
7.7 Lollicup USA Inc.
7.7.1 Company Overview
7.8 Bubble Tea Supply Inc.
7.8.1 Company Overview
TABLE 1 North America Bubble Food & Beverages Market, 2018 - 2021, USD Million
TABLE 2 North America Bubble Food & Beverages Market, 2022 - 2028, USD Million
TABLE 3 North America Bubble Food & Beverages Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 North America Bubble Food & Beverages Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 North America On-trade Market by Country, 2018 - 2021, USD Million
TABLE 6 North America On-trade Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Off-trade Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Off-trade Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Bubble Food & Beverages Market by Off-trade Type, 2018 - 2021, USD Million
TABLE 10 North America Bubble Food & Beverages Market by Off-trade Type, 2022 - 2028, USD Million
TABLE 11 North America Hypermarkets & Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Hypermarkets & Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Bubble Food & Beverages Market by Source, 2018 - 2021, USD Million
TABLE 18 North America Bubble Food & Beverages Market by Source, 2022 - 2028, USD Million
TABLE 19 North America Tapioca-based Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Tapioca-based Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Bursting Bubble Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Bursting Bubble Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Bubble Food & Beverages Market by Product, 2018 - 2021, USD Million
TABLE 24 North America Bubble Food & Beverages Market by Product, 2022 - 2028, USD Million
TABLE 25 North America Bubble Tea Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Bubble Tea Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Desserts Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Desserts Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Fruit Snacks Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Fruit Snacks Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Fruits Beverages Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Fruits Beverages Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Bubble Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Bubble Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 37 US Bubble Food & Beverages Market, 2018 - 2021, USD Million
TABLE 38 US Bubble Food & Beverages Market, 2022 - 2028, USD Million
TABLE 39 US Bubble Food & Beverages Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 US Bubble Food & Beverages Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 US Bubble Food & Beverages Market by Off-trade Type, 2018 - 2021, USD Million
TABLE 42 US Bubble Food & Beverages Market by Off-trade Type, 2022 - 2028, USD Million
TABLE 43 US Bubble Food & Beverages Market by Source, 2018 - 2021, USD Million
TABLE 44 US Bubble Food & Beverages Market by Source, 2022 - 2028, USD Million
TABLE 45 US Bubble Food & Beverages Market by Product, 2018 - 2021, USD Million
TABLE 46 US Bubble Food & Beverages Market by Product, 2022 - 2028, USD Million
TABLE 47 Canada Bubble Food & Beverages Market, 2018 - 2021, USD Million
TABLE 48 Canada Bubble Food & Beverages Market, 2022 - 2028, USD Million
TABLE 49 Canada Bubble Food & Beverages Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 50 Canada Bubble Food & Beverages Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 51 Canada Bubble Food & Beverages Market by Off-trade Type, 2018 - 2021, USD Million
TABLE 52 Canada Bubble Food & Beverages Market by Off-trade Type, 2022 - 2028, USD Million
TABLE 53 Canada Bubble Food & Beverages Market by Source, 2018 - 2021, USD Million
TABLE 54 Canada Bubble Food & Beverages Market by Source, 2022 - 2028, USD Million
TABLE 55 Canada Bubble Food & Beverages Market by Product, 2018 - 2021, USD Million
TABLE 56 Canada Bubble Food & Beverages Market by Product, 2022 - 2028, USD Million
TABLE 57 Mexico Bubble Food & Beverages Market, 2018 - 2021, USD Million
TABLE 58 Mexico Bubble Food & Beverages Market, 2022 - 2028, USD Million
TABLE 59 Mexico Bubble Food & Beverages Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 60 Mexico Bubble Food & Beverages Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 61 Mexico Bubble Food & Beverages Market by Off-trade Type, 2018 - 2021, USD Million
TABLE 62 Mexico Bubble Food & Beverages Market by Off-trade Type, 2022 - 2028, USD Million
TABLE 63 Mexico Bubble Food & Beverages Market by Source, 2018 - 2021, USD Million
TABLE 64 Mexico Bubble Food & Beverages Market by Source, 2022 - 2028, USD Million
TABLE 65 Mexico Bubble Food & Beverages Market by Product, 2018 - 2021, USD Million
TABLE 66 Mexico Bubble Food & Beverages Market by Product, 2022 - 2028, USD Million
TABLE 67 Rest of North America Bubble Food & Beverages Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Bubble Food & Beverages Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Bubble Food & Beverages Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 70 Rest of North America Bubble Food & Beverages Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 71 Rest of North America Bubble Food & Beverages Market by Off-trade Type, 2018 - 2021, USD Million
TABLE 72 Rest of North America Bubble Food & Beverages Market by Off-trade Type, 2022 - 2028, USD Million
TABLE 73 Rest of North America Bubble Food & Beverages Market by Source, 2018 - 2021, USD Million
TABLE 74 Rest of North America Bubble Food & Beverages Market by Source, 2022 - 2028, USD Million
TABLE 75 Rest of North America Bubble Food & Beverages Market by Product, 2018 - 2021, USD Million
TABLE 76 Rest of North America Bubble Food & Beverages Market by Product, 2022 - 2028, USD Million
TABLE 77 key information – Del Monte Pacific Limited
TABLE 78 Key Information – Bubble Tea Club
TABLE 79 key information – Fokus, Inc.
TABLE 80 key information – Gong Cha
TABLE 81 key information – Ten Ren Tea Co., Ltd.
TABLE 82 key information – Modoo Food Ltd.
TABLE 83 key information – Lollicup USA Inc.
TABLE 84 key information – Bubble Tea Supply Inc.
List of Figures
FIG 1 Methodology for the research