The global bubble tea market growth is set to gain traction from its possession of numerous health benefits. Boba tea acts as an antioxidant. It is also preferred by health-conscious consumers owing to its low-fat and low-calorie content. Fortune Business Insights™ published this information in a new report, titled, “Bubble Tea Market Size, Share & Covid-19 Impact Analysis, By Type (Black Tea, Green Tea, Oolong Tea, and White Tea), Flavor (Original, Fruit, Chocolate, Coffee, and Others), and Regional Forecast, 2020 – 2027.” The report further states that the market size was USD 2.02 billion in 2019 and is projected to reach USD 3.39 billion by the end of 2027, exhibiting a CAGR of 7.2% during the forecast period.
COVID-19 Pandemic to Affect Growth Backed by Surging Prices of Tea
The Indian Tea Association mentioned that on an average, the prices of tea surged by 25%-40% owing to the complete lockdown in the major tea growing countries amid COVID-19. Other reasons for this are the drop in crop size and the irregular movement of cargo. The outbreak of this pandemic has also caused several manufacturers to shut their factories down for maintaining social distancing and preventing transmission of the virus. Our reports are specially curated to help you understand the current situation.
This Report Answers the Following Questions:
What are the significant trends driving the market?
What are the developments & innovations done by renowned companies?
What are the challenges, opportunities, drivers, and hindrances for the market?
Which are the new segments to focus in the coming years for prioritizing investments?
Browse a Detailed Summary Of Pages Research Report With TOC:
https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564 The global bubble tea market growth is set to gain traction from its possession of numerous health benefits. Boba tea acts as an antioxidant. It is also preferred by health-conscious consumers owing to its low-fat and low-calorie content. Fortune Business Insights™ published this information in a new report, titled, “Bubble Tea Market Size, Share & Covid-19 Impact Analysis, By Type (Black Tea, Green Tea, Oolong Tea, and White Tea), Flavor (Original, Fruit, Chocolate, Coffee, and Others), and Regional Forecast, 2020 – 2027.” The report further states that the market size was USD 2.02 billion in 2019 and is projected to reach USD 3.39 billion by the end of 2027, exhibiting a CAGR of 7.2% during the forecast period.
COVID-19 Pandemic to Affect Growth Backed by Surging Prices of Tea
The Indian Tea Association mentioned that on an average, the prices of tea surged by 25%-40% owing to the complete lockdown in the major tea growing countries amid COVID-19. Other reasons for this are the drop in crop size and the irregular movement of cargo. The outbreak of this pandemic has also caused several manufacturers to shut their factories down for maintaining social distancing and preventing transmission of the virus. Our reports are specially curated to help you understand the current situation.
This Report Answers the Following Questions:
What are the significant trends driving the market?
What are the developments & innovations done by renowned companies?
What are the challenges, opportunities, drivers, and hindrances for the market?
Which are the new segments to focus in the coming years for prioritizing investments?
Browse a Detailed Summary Of Pages Research Report With TOC:
https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564
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