The Canada bubble tea market size is projected to rise at a CAGR of 6.90% during 2023-2030.

The bubble tea industry in Canada is being shaped by the participants’ increasing use of creative advertising and celebrity endorsements. Customers are more likely to be fascinated by theme-based merchandise. As a result, a number of well-known boba tea producers are implementing cooperation methods to introduce new products with Hollywood-themed characters. For instance, to commemorate the release of the film Minions: The Rise of Gru in September 2022, Kung Fu Tea, a popular American pearl milk tea brand, teamed up with illumination entertainment and universal pictures home entertainment. Limited-edition tea-based drinks with Minions-themed themes as well as specially created Minion’s cups and lids were part of the agreement.

Fortune Business Insights™ presents this information in a report titled, “Canada Bubble Tea Market, 2023-2030.”

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Segments-

Based on type, the market is divided into green tea, black tea, white tea, and oolong tea.

In terms of flavor, the market is segmented into original flavor, fruit flavor, coffee flavor, chocolate flavor, and others.

Report Coverage

The report offers:

  • Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
  • Comprehensive insights into the regional developments.
  • List of major industry players.
  • Key strategies adopted by the market players.
  • Recent industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints

Consumer Attraction toward Tea-based Fruity Beverages to Fuel Growth

Due to its distinctive flavor and accessibility of many kinds, including black tea, green tea, oolong tea, and white tea, bubble tea is becoming increasingly popular. Market expansion is fueled by consumers’ fascination with the appeal of tea-based fruity beverages and their openness to trying out new varieties. Also, more people are consuming tea outside of the home, which has increased out-of-home consumption, necessitating that manufacturers provide high quality bubble milk teas while taking consumer expectations into consideration. The company expanded its business as a result of the rise in out-of-home consumption and the accessibility of teas. The business provides numerous signature beverages and sweets, smoothies, fruit green tea, Mo’Cha lattes, and a selection of boba tea varieties. These factors augment Canada bubble tea market growth.

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Competitive Landscape

The Canada bubble tea market share consists of both well-established and newly-emerging bubble milk tea enterprises in terms of the competitive landscape. Demand for boba tea is fueled by the growing customer preference for healthy meals and beverages as well as the expanding popularity of pearl milk tea. Also, fresh bubble milk tea concepts have been developing in the nation, which aids competitors in seizing the lucrative market chances. For instance, the CF Toronto Eaton Centre in Markham was going to be inaugurated in March 2022 by Benkei Hime, Toronto Bubble Tea, and Lifestyle Brand. The business would sell chic lifestyle goods together with pearl milk tea. The new idea would open up new markets for bubble milk tea in the nation.

Key Industry Development:

December 2022 – Malaysian bubble milk tea brand Tealive opened its first store in Ottawa, Canada.

List of the Companies Profiled in the Report:

  • Van Cheong Tea Inc (Toronto)
  • Chatime Canada (Toronto)
  • The Alley (Markhem)
  • Mo’Cha Bubble Tea (Orangville)
  • Onezo Tapioca (Toronto)
  • Happy Lemon (Scarborough)
  • Gotcha Bubble Tea ( Toronto)
  • Tealive (Ottawa)
  • Kung Fu Tea (Toronto)
  • Boba Tea Protein (Canada)

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