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Gcc Bubble Food And Beverages Market

Gcc Bubble Food And Beverages Market

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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

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 Size

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 Share

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

  1. Research Framework
    1. Research Objective
    2. Market Overview
    3. Market Segmentation
  2. Executive Summary
  3. GCC Bubble Food and Beverages Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing investments in R&D of bubble beverages
        2. Stringent regulatory frameworks for mandatory halal labeling and certification rules
      2. Restraints
      3. Opportunities
        1. Rising popularity of bubble tea through social media platforms
      4. Challenges
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. GCC Bubble Food and Beverages Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
        1. Desserts
        2. Bubble Tea
        3. Others
      2. By Source
        1. Tapioca-based
        2. Bursting Bubble
        3. Others
      3. By Distribution Channel
        1. Off-Trade
        2. On-Trade
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. Oman
        6. Bahrain
  5. Saudi Arabia Bubble Food and Beverages Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Source
      3. By Distribution Channel
  6. UAE Bubble Food and Beverages Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Source
      3. By Distribution Channel
  7. Qatar Bubble Food and Beverages Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Source
      3. By Distribution Channel
  8. Kuwait Bubble Food and Beverages Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Source
      3. By Distribution Channel
  9. Oman Bubble Food and Beverages Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Source
      3. By Distribution Channel
  10. Bahrain Bubble Food and Beverages Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product
      2. By Source
      3. By Distribution Channel
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. GCC Bubble Food and Beverages Company Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and Others)
  12. Impact of Covid–19 on GCC Bubble Food and Beverages Market
  13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Del Monte Foods
    2. Happy Lemon
    3. Sharetea
    4. Zero Degrees
    5. Booba
    6. The Bubble Tea
    7. TabiBoba Café
    8. Go-Ssip
    9. iTea Café
    10. Chobcha
    11. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

 

*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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Frequently Asked Questions (FAQs):

Ans: Major factors driving the growth of GCC Bubble Food and Beverages Market include increasing popularity of boba-based food and beverages, growing emphasis in research and development, and increasing stringent halal labelling and food and beverages certification norms.
Ans: GCC Bubble Food and Beverages Market size is projected to grow at a CAGR of 13.4% during the forecast period between 2022 and 2028.
Ans: Key players in GCC Bubble Food and Beverages Market include Del Monte Foods, Happy Lemon, Sharetea, Zero Degrees, Booba, The Bubble Tea, TabiBoba Café, Go-Ssip, iTea Café, and Chobcha.
Ans: The off-trade segment is accounted for a higher market share in the GCC Bubble Food and Beverages Market by distribution channel.