Gcc Bubble Food And Beverages Market
GCC Bubble Food and Beverages Market, By Product (Desserts, Bubble Tea); By Source (Tapioca-based, Bursting Bubble); By Distribution Channel (Off-Trade, On-Trade); By Country (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain), Trend Analysis, Competitive Landscape & Forecast, 2022–2028
- Published Date: November 2022
- Report ID: BWC22537
- Available Format: PDF
- Page: 150
Report Overview
Increasing popularity of boba-based food and beverages, growing emphasis in research and development, increasing stringent halal labelling and food and beverages certification norms are projected to propel the expansion of GCC Bubble Food and Beverages Market at a steady growth rate during forecast period 2022 and 2028.
GCC Bubble Food and Beverages Market - Industry Trends & Forecast Report, 2028
GCC (Gulf Cooperation Council) Bubble Food and Beverages Market size is expected to expand at a significant CAGR of 13.4% during the forecast period between 2022 and 2028. Major growth factors for GCC bubble food and beverages market include increasing popularity of boba-based snacks and drinks, growing health awareness among consumers, and stringent halal labeling and certification norms. The increasing demand for bubble food and drinks from millennials and generation Z and their growing preference for convenience, high-quality standards, and healthy beverages contribute to the market expansion. In addition, deepening social media penetration and the availability of boba as well as bubble-based snacks and beverages in various combinations of taste and texture, sauces, and toppings and flavors could further boost the growth of GCC bubble food and beverages market during the period in analysis.
Bubble Food and Beverages Market - Overview
Bubble tea, a Taiwanese tea-based beverage, was originated in Tainan and Taichung. It is also known as pearl milk tea, boba juice, bubble milk tea, or simply boba or boba tea. Most of bubble tea formulations commence with a tea base that has been mixed with fruit or milk along with chewy tapioca balls, sometimes known as bubbles, pearls, boba, and fruit jelly. Ice-blended drinks often have a slushy consistency and incorporate fruit or syrup. The beverage is available in a range of flavors and comprises a variety of ingredients. Tapioca-infused bubble milk tea and tapioca-infused bubble milk green tea are the two most popular tastes.
GCC Bubble Food and Beverages Market
Growth Drivers
Increasing availability of varieties in bubble food and beverages
Green jasmine, fruit-flavored, and black tea are among the varieties available at the market. Fruit-flavored tea comes in a variety of flavors, such as sweetened fruit drinks and cream drinks with fruit taste. Lactose-intolerant people can drink black, green jasmine, and other tea kinds. As different boba tea kinds are available, the consumer have diverse options. This marketing strategy helps to bring in more customers. Companies are also developing novel flavors and compositions to attract customers.
GCC bubble food and beverages market is booming due to growing popularity of boba-based snacks and drinks. Effective advertising campaigns and celebrity endorsements have also contributed to the growth of bubble food and beverages market in the GCC region. The development of several new flavors and combinations and the increasing demand for a variety of beverages among youngsters are expected to provide lucrative growth opportunities for major players in GCC bubble food and beverages market.
Restraints
Spurring demand for alternative beverages
The surging demand for alternative beverages, such as coffee, is expected to restrain the growth of GCC bubble food and beverages market. As coffee is a ready-to-drink that suits the consumers with active lifestyles, it is a source of energy booster. In addition, several coffee varieties, such as cold brew and nitro cold brew, are available that suit every tastes. Furthermore, the availability of diverse coffee flavors, such as butterscotch, hazelnut caramel, and vanilla, is also anticipated to limit the growing demand for bubble food and beverages in countries across the GCC region.
Impact of COVID–19 on GCC Bubble Food and Beverages Market
COVID-19 pandemic adversely affected GCC bubble food and beverages market, due to the imposition of strict lockdown controls on restaurants, farms, and processing plants to maintain safety precautions and social distancing. Lack of staff and fewer consumer visits to coffee shops resulted in transportation delays and the operation of both supply and demand for consumption points came to a halt. Therefore, COVID-19 pandemic affected the growth of GCC bubble food and beverages market.
GCC Bubble Food and Beverages Market
Segmental Coverage
GCC Bubble Food and Beverages Market – By Product
Based on product, GCC bubble food and beverages market is divided into Desserts, Bubble Tea, and other segments. The desserts segment dominated the market in 2021 because of introduction of sweet varieties prepared with boba waffles, shaved ice desserts, and boba wheel pie. In addition, the chefs in high-end restaurants and cafes use boba pearls to enhance the flavors of iced and heated sweets for customers.
GCC Bubble Food and Beverages Market - By Source
Based on source, GCC bubble food and beverages market is segmented into Tapioca-based, Bursting Bubble, and others. The Tapioca-based food and beverages segment held the highest market share in the market due to health benefits. Tapioca, produced from the cassava root, is a fundamental ingredient in the production of tapioca boba pearls. The soaring demand for vegan food and beverages is driving up demand for tapioca-based boba that has been blended with a variety of natural ingredients.
GCC Bubble Food and Beverages Market – Distribution Channel
Based on distribution channel, GCC food and beverages market is segmented into Off-trade and On-trade distribution channels. The off-trade segment holds a higher market share in the GCC food and beverages market by distribution channel. The off-trade segment includes online stores, hypermarkets, grocery stores, and other retailers. Due to the deepening penetration of smartphones and internet, consumers have access to online businesses that market their products to all consumer touchpoints. This ongoing trend is expected to propel the growth of off-trade distribution channel segment during the forecast period.
GCC Bubble Food and Beverages Market – By Country
Geographically, GCC bubble food and beverages market covers major Gulf countries such as Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain.
Competitive Landscape
GCC bubble food and beverages market is fiercely competitive. Prominent players in the market include Del Monte Foods, Happy Lemon, Sharetea, Zero Degrees, Booba, The Bubble Tea, TabiBoba Café, Go-Ssip, iTea Café, and Chobcha. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, mergers and acquisitions, collaborations, partnerships, and joint ventures.
Recent Developments
-
In January 2021 - DKSH entered into an agreement with FES (Vietnam) to market and supply the signature Hillway instant bubble tea brand in Thailand. Consumers can purchase the brand's items at local supermarkets and convenience stores.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2018–2021 |
Base Year – 2021 |
|
Estimated Year – 2022 |
|
Forecast – 2022–2028 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain |
Product/ Service Segmentation |
Product, Source, Distribution Channel, Country |
Key Players |
Del Monte Foods, Happy Lemon, Sharetea, Zero Degrees, Booba, The Bubble Tea, TabiBoba Café, Go-Ssip, iTea Café, Chobcha. |
By Product
-
Desserts
-
Bubble Tea
-
Others
By Source
-
Tapioca-based
-
Bursting Bubble
-
Others
By Distribution Channel
-
Off-Trade
-
On-Trade
By Country
-
Saudi Arabia
-
UAE
-
Qatar
-
Kuwait
-
Oman
-
Bahrain
- Research Framework
- Research Objective
- Market Overview
- Market Segmentation
- Executive Summary
- GCC Bubble Food and Beverages Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing investments in R&D of bubble beverages
- Stringent regulatory frameworks for mandatory halal labeling and certification rules
- Restraints
- Opportunities
- Rising popularity of bubble tea through social media platforms
- Challenges
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- GCC Bubble Food and Beverages Market Overview
- Market Size & Forecast, by Value, 2018–2028
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- Desserts
- Bubble Tea
- Others
- By Source
- Tapioca-based
- Bursting Bubble
- Others
- By Distribution Channel
- Off-Trade
- On-Trade
- By Country
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Oman
- Bahrain
- By Product
- Market Size & Forecast, by Value, 2018–2028
- Saudi Arabia Bubble Food and Beverages Market Overview
- Market Size & Forecast, by Value, 2018–2028
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Source
- By Distribution Channel
- Market Size & Forecast, by Value, 2018–2028
- UAE Bubble Food and Beverages Market Overview
- Market Size & Forecast, by Value, 2018–2028
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Source
- By Distribution Channel
- Market Size & Forecast, by Value, 2018–2028
- Qatar Bubble Food and Beverages Market Overview
- Market Size & Forecast, by Value, 2018–2028
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Source
- By Distribution Channel
- Market Size & Forecast, by Value, 2018–2028
- Kuwait Bubble Food and Beverages Market Overview
- Market Size & Forecast, by Value, 2018–2028
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Source
- By Distribution Channel
- Market Size & Forecast, by Value, 2018–2028
- Oman Bubble Food and Beverages Market Overview
- Market Size & Forecast, by Value, 2018–2028
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Source
- By Distribution Channel
- Market Size & Forecast, by Value, 2018–2028
- Bahrain Bubble Food and Beverages Market Overview
- Market Size & Forecast, by Value, 2018–2028
- By Value (USD Billion)
- Market Share & Forecast
- By Product
- By Source
- By Distribution Channel
- Market Size & Forecast, by Value, 2018–2028
- Competitive Landscape
- List of Key Players and Their Offerings
- GCC Bubble Food and Beverages Company Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, and Others)
- Impact of Covid–19 on GCC Bubble Food and Beverages Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Del Monte Foods
- Happy Lemon
- Sharetea
- Zero Degrees
- Booba
- The Bubble Tea
- TabiBoba Café
- Go-Ssip
- iTea Café
- Chobcha
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information in case of non–listed companies can be provided as per the availability.
**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.
List Of Figures
Figure 1 GCC Bubble Food and Beverages Market Segmentation
Figure 2 GCC Bubble Food and Beverages Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 GCC Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
Figure 5 GCC Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
Figure 6 GCC Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
Figure 7 GCC Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
Figure 8 GCC Bubble Food and Beverages Market Share, By Country, By Value, 2018–2028
Figure 9 Saudi Arabia Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
Figure 10 Saudi Arabia Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
Figure 11 Saudi Arabia Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
Figure 12 Saudi Arabia Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
Figure 13 UAE Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
Figure 14 UAE Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
Figure 15 UAE Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
Figure 16 UAE Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
Figure 17 Qatar Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
Figure 18 Qatar Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
Figure 19 Qatar Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
Figure 20 Qatar Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
Figure 21 Kuwait Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
Figure 22 Kuwait Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
Figure 23 Kuwait Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
Figure 24 Kuwait Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
Figure 25 Oman Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
Figure 26 Oman Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
Figure 27 Oman Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
Figure 28 Oman Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
Figure 29 Bahrain Bubble Food and Beverages Market Size, By Value (USD Billion), 2018–2028
Figure 30 Bahrain Bubble Food and Beverages Market Share, By Product, By Value, 2018–2028
Figure 31 Bahrain Oman Bubble Food and Beverages Market Share, By Source, By Value, 2018–2028
Figure 32 Bahrain Bubble Food and Beverages Market Share, By Distribution Channel, By Value, 2018–2028
List Of Tables
Table 1 GCC Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
Table 2 GCC Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
Table 3 GCC Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
Table 4 GCC Bubble Food and Beverages Market Size, By Country, By Value, 2018–2028
Table 5 Saudi Arabia Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
Table 6 Saudi Arabia Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
Table 7 Saudi Arabia Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
Table 8 UAE Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
Table 9 UAE Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
Table 10 UAE Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
Table 11 Qatar Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
Table 12 Qatar Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
Table 13 Qatar Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
Table 14 Kuwait Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
Table 15 Kuwait Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
Table 16 Kuwait Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
Table 17 Oman Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
Table 18 Oman Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
Table 19 Oman Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
Table 20 Bahrain Bubble Food and Beverages Market Size, By Product, By Value, 2018–2028
Table 21 Bahrain Bubble Food and Beverages Market Size, By Source, By Value, 2018–2028
Table 22 Bahrain Bubble Food and Beverages Market Size, By Distribution Channel, By Value, 2018–2028
Table 23 Del Monte Foods Company Overview
Table 24 Del Monte Foods Financial Overview
Table 25 Happy Lemon Company Overview
Table 26 Happy Lemon Financial Overview
Table 27 Sharetea Company Overview
Table 28 Sharetea Financial Overview
Table 29 Zero Degrees Company Overview
Table 30 Zero Degrees Financial Overview
Table 31 Booba Company Overview
Table 32 Booba Financial Overview
Table 33 The Bubble Tea Company Overview
Table 34 The Bubble Tea Financial Overview
Table 35 TabiBoba Café Company Overview
Table 36 TabiBoba Café Financial Overview
Table 37 Go-Ssip Company Overview
Table 38 Go-Ssip Financial Overview
Table 39 iTea Café Company Overview
Table 40 iTea Café Financial Overview
Table 41 Chobcha Company Overview
Table 42 Chobcha Financial Overview
Market Segmentation
By Product
-
Desserts
-
Bubble Tea
-
Others
By Source
-
Tapioca-based
-
Bursting Bubble
-
Others
By Distribution Channel
-
Off-Trade
-
On-Trade
By Country
-
Saudi Arabia
-
UAE
-
Qatar
-
Kuwait
-
Oman
-
Bahrain
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