The bubble tea market was valued at $1.1 billion in 2021 and is expected to grow at a CAGR of 14% through 2028 to reach $2.75 billion. Key factors driving growth include increasing health consciousness leading to more consumption of healthy drinks, as well as the introduction of new flavors appealing to younger consumers. The market is segmented based on components, base ingredients, flavors, and region. Major players include Bobabox, Eugen Decker, Fokus, Mayr-Melnhof Holz, and T Bun International.