The global agricultural adjuvants market share is gaining momentum from the rising adoption of protective crop cultivation measures. According to a report, published by Fortune Business Insights, titled, “AGRICULTURAL ADJUVANTS: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” the increasing demand for crop protection chemicals is driving the market. Moreover, the global market is anticipated to rise at a CAGR of 5.77% between 2015 and 2026. In 2015, the market was valued at US$ 2.893 Bn and the report suggests that the global market is likely to reach US$ 4.55 Bn by 2026.

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https://www.fortunebusinessinsights.com/industry-reports/agricultural-adjuvants-market-100769

The global soup market size reports further observe that the market was worth $16.12 billion in 2019. Soup is a type of liquid food that is typically served warm or hot that includes combination of several vegetables or meat along with added water. It is believed that this liquid food is one of the oldest cooking food products. The oldest soup dates back to over 20,000 BC and since then has evolved in terms of ingredients and taste.

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https://www.fortunebusinessinsights.com/soup-market-102838

The global probiotics in animal feed market share is expected to reach USD 6.24 billion by the end of 2026, exhibiting a CAGR of 7.30% during the forecast.

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https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018

The global kefir market size is projected to reach USD 1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period.

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https://www.fortunebusinessinsights.com/kefir-market-102463

The global agritourism market size is anticipated to exhibit astonishing growth in the near future because of the rising government initiatives to refine agriculture economy through agritourism. This information is given by Fortune Business Insights™, in a recently published report, titled, “Agritourism Market Size, Share & COVID-19 Impact Analysis, By Type (Direct-market, Education & Experience, and Event & Recreation), and Regional Forecast, 2020 – 2027.”

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https://www.fortunebusinessinsights.com/agritourism-market-103297

The global beer market size is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the forecast period in 2021-2028. The growing alcohol e-commerce channel and rising personal disposable income levels are expected to magnify market’s growth in the forthcoming years. Fortune Business Insights™ has presented this information in its report titled “Beer Market, 2021-2028”. The market size stood at USD 743.84 billion in 2020.

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https://www.fortunebusinessinsights.com/beer-market-102489

The global phosphatic fertilizers market size is projected to reach USD 83.28 billion by the end of 2026. The ability of phosphate to enhance the overall nutrient value of the crop will lead to a wider product adoption across the world.

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https://www.fortunebusinessinsights.com/phosphatic-fertilizers-market-102583

The global agricultural biologicals market size is expected to grow considerably during the forecast period. Fortune Business Insights shares its findings in its report, titled “Agricultural Biologicals Market Size, Share and Global Trend by Type (Biopesticides, Biostimulants, and Biofertilizers), Source (Microbial and Biochemicals), Application Method (Foliar Spray, Soil Treatment, Seed Treatment, and Others), Crops, and Geography Forecast till 2026”.

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https://www.fortunebusinessinsights.com/industry-reports/agricultural-biologicals-market-100411

The global phosphatic fertilizers market size is projected to reach USD 83.28 billion by the end of 2026. The ability of phosphate to enhance the overall nutrient value of the crop will lead to a wider product adoption across the world.

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https://www.fortunebusinessinsights.com/phosphatic-fertilizers-market-102583

The cold pressed juice market size stood at USD 1.08 billion in 2021. The market is anticipated to rise from USD 1.15 billion in 2022 to USD 1.86 billion by 2029, at a 6.97% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Cold Pressed Juice Market, 2022-2029.”

According to the analysis, the trend for chemical additive-free fresh juice will bode well for leading companies gearing to expand their penetration across untapped areas. End-users are likely to invest in juice composed of 100% pure forms of fruits and vegetables. Stakeholders could further invest in innovations and technological advancements following the prevalence of the COVID-19 pandemic.

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https://www.fortunebusinessinsights.com/cold-pressed-juice-market-106647

The global agricultural biologicals market size is expected to grow considerably during the forecast period. Fortune Business Insights shares its findings in its report, titled “Agricultural Biologicals Market Size, Share and Global Trend by Type (Biopesticides, Biostimulants, and Biofertilizers), Source (Microbial and Biochemicals), Application Method (Foliar Spray, Soil Treatment, Seed Treatment, and Others), Crops, and Geography Forecast till 2026”.

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https://www.fortunebusinessinsights.com/industry-reports/agricultural-biologicals-market-100411

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.

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https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564

The U.S. cheese market size is anticipated to hit USD 55.95 billion by 2029 and exhibit a CAGR of 4.64% during the forecast period. The evolving dietary consumption patterns across developing and developed countries due to improving income levels and urbanization are anticipated to amplify the demand for cheese, thereby boosting the market’s growth.

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https://www.fortunebusinessinsights.com/u-s-cheese-market-106630

The global kefir market size is projected to reach USD 1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/kefir-market-102463

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.


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https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564

Drivers & Restraints

The emergence of New Flavors & Formulations to Drive Growth

Bubble tea is available in various flavors and types, such as black tea, jasmine, green tea, and fruit-flavored tea. The fruit-flavored ones are further segregated into sweetened fruit drink and cream drink. Consumers are provided with a wide range of products to choose from. To attract more consumers, prominent companies are introducing new formulations and flavors, as well as opening new outlets worldwide. These factors are set to aid the bubble tea market growth in the coming years. However, the increasing trend of consuming coffee in Western countries may hamper demand.

List of the Leading Companies Profiled in the Global Bubble Tea Market are:

Chatime Group (Taiwan, China)
Bubble Tea Supply Inc. (Hawaii, United States)
Gong Cha (Taiwan, China)
CoCo Fresh Tea & Juice (Taiwan, China)
Quickly (Taiwan, China)
Kung Fu Tea (New York City, United States)
Tiger Sugar Korea (Seoul, South Korea)
Boba Loca USA Inc. (United States)
Lollicup USA, Inc. (United States)
Happy Lemon (United Kingdom)
Major Segment

Black Tea Segment to Grow Rapidly Fueled by Preference by Health-conscious Consumers

Based on type, the black tea segment held 41.70% in terms of bubble tea market share in 2019. This growth is attributable to their rising preference by health-conscious consumers across the globe. Consumers nowadays are inclining rapidly towards organic and natural beverages. It would also spur growth.

Regional Analysis

Increasing Sales in Taiwan & Vietnam to Augment Growth in Asia Pacific

Geographically, in 2019, Asia Pacific procured USD 823.90 million in terms of revenue. Bubble tea originally came from Taiwan. Later, it spread to the other countries of Asia Pacific. Taiwan and Vietnam would contribute to the maximum growth in this region because of the high rate of sales. North America, on the other hand, would hold the second-largest share because of the rising consumption of boba tea.

Competitive Landscape

Key Players Aim to Open New Outlets Worldwide to Cater to High Demand

Several manufacturers are investing extensively in opening new outlets globally. Some of the others are trying to enhance the flavors and functionality of these teas for meeting the surging demand from the consumers.

Below are the Two Latest Bubble Tea Industry Developments:

September 2020: BreadTalk, a multinational food and beverage corporation based in Singapore opened Charlie Tea at Takashimaya. The foundation of all beverages is based on three types of tea, namely, Red Phoenix, Mount Wu, and Green Jade.
September 2020: Chen Shucheng, a Singaporean veteran actor opened a new outlet of Meme Xpress, a Malaysian bubble tea brand in Singapore. It specializes in brown sugar and yoghurt-based beverages.