Bubble tea is a very popular drink in the beverage market and is gaining a lot of popularity in the western side of the world. This made other businesses which are in the Beverage industry come up with variations in the bubble tea market segment. Coffee and tea making technology is becoming robotic in nature, which is helping humans to unburden their duties in cafes and restaurants. Previously, manmade art on tea or coffee foam was being appreciated globally but with the help of advanced technology, printed foam on tea has been introduced. These edible prints can be a photo, designs, or a message, which adorns the top of foamy tea and other drinks.
Companies covered:
Lollicup, CuppoTee Company, Bubble Tea House Company, Ten Ren’s Tea Time, Boba Box Limited, Sumos Sdn Bhd, Gong Cha, Boba Tea Company, Troika JC, and Fokus Inc.
COVID-19 Scenario Analysis:
One of the sectors which is getting affected due to COVID-19 is food service sector. Cafes and restaurants are switching to online delivery service these days to push their sales. However, cafes which serve, printed foam bubble tea will not be able to make the printed design on the top of the drink while delivering it to the people at their home because that doesn’t stay long, therefore affecting the business.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
New bubble tea outlets are emerging in the western countries which are offering fresh and unique flavors in this market segment to the customers. These new tea shops are trying to cater to the needs of the customers. For some people it might be just random drink but for coffee adductors, it is a whole new experience.
New product launches to flourish the market
Answer Tea has introduced customization of printed foam which has intensified the delight of the bubble tea experience. A first of its sort in Toronto, the organization perceives the interest for customized items and social media posting trends among the group. While its drink contributions have already stunned the buyers, the outlet’s interior is cautiously curated to engage Instagram users. Visitors can pick between two kinds of customization for their printed froth bubble tea. Embossed cartoon characters and other images are also being served to the customers.
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Surge in usage in automotive and industrial applications
People are loving the upcoming trend of quirky food and therefore companies are coming up with coffee fads lately which are glitters, rainbows, and 3D. A company called The Tea Terrace at London has come up with an innovation called “Selfieccino”. This allows customers to print a message over the foam of the coffee or get the picture of theirs printed over it which is very attractive to the eyes of everyone. A photo-like image is created by foam printer on teas or other beverages. The idea is to send a selfie on WhatsApp to the café staff member and then the image is made to scan on the tea and prints it. The froth of coffee uses flavorless food coloring and the process takes place within the time range of few seconds to a few minutes.
Key Benefits of the Report:
This study presents the analytical depiction of the global printed foam bubble tea market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global printed foam bubble tea market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global printed foam bubble tea market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global printed foam bubble tea market analysis based on competitive intensity and how the competition will take shape in coming years.
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