The advancement in the industry is primarily attributed to the surging requirement from Generation Z and millennials for boba-based drinks and snacks, for example, bubble tea, as they are considered healthy.

The bubble tea category, based on product, accounted for the largest share, and it will remain the largest, propelling with a rate of 10.5%, in the years to come. Bubble tea is observing significant growth in popularity particularly among millennials, as it provides a healthful and pleasant choice of beverage, with providers regularly fusing consumers shifting preferences of beverage, to cater better to their increasing concerns for wellness.

Browse detailed report - Bubble Food and Beverages market Analysis and Demand Forecast Report

Furthermore, various food service outlets are adding beverages infused with boba pearl in unsweetened fruit and real fresh fruit flavors to their menu, which is further boosting the popularity of these products.

The North American bubble food and beverages industry is likely to observe the fastest growth, with a CAGR of 10.8%, in the years to come. To meet the surging requirement for such eatables, numerous restaurants are opening, particularly for bubble tea lovers. Moreover, because of the fast-paced lifestyle of the young generation, they favor beverages that are better than carbonated drinks and suitable to carry.

It is because of the surging focus on health and openness to experimenting of the consumers, along with the mounting need from Generation Z and Millennials, the bubble food and beverages industry will continue to grow significantly in the years to come.