Spain Bubble Tea Market Research Report-Forecast till 2032
Market Report I 2024-04-30 I 99 Pages I Market Research Future
Spain Bubble Tea Market Research Report-Forecast till 2032
Market Overview
Spain Bubble Tea Market CAGR of 8.9% during the forecast period. The rising prevalence of bubble tea in Spain can be credited to a fascinating social absorption that joins the country's conventional flavors with the cheerful and extraordinary attributes of this stylish drink. Spain has a significant culinary heritage, and the blend of native parts into bubble tea arrangements has brought about an unmistakable combination that fulfills the gustatory and social sensibilities of the Spanish people. The significant expansion in bubble tea interest in Spain is overwhelmingly owing to the union of a juvenile pattern and a solid web-based presence via virtual entertainment stages. The bubble tea industry in Spain is seeing a significant expansion popular due to its simultaneous accentuation on wellbeing cognizant choices and development. Considering moving purchaser inclinations, purveyors are integrating imaginative alterations into customary recipes to keep up with market essentialness and expand their allure.
The rising prevalence of bubble tea in Spain can be credited to a fascinating social absorption that joins the country's conventional flavors with the cheerful and extraordinary attributes of this stylish drink. Spain has a significant culinary heritage, and the blend of native parts into bubble tea arrangements has brought about an unmistakable combination that fulfills the gustatory and social sensibilities of the Spanish people. Neighborhood purveyors have fostered an elevated degree of expertise in integrating regional parts into their bubble tea items, in this manner giving a Taiwanese import an encounter that is particularly Spanish.
Market Segmentation
The Spain Bubble Tea market segmentation is based on type, back tea, green tea, oolong tea, and white tea.
In terms of flavor the market is classified into fruit, taro, strawberry, classic, and coffee.
The Spain Bubble Tea market based on sugar content, is classified into regular and reduced sugar/sugar-free, normal sugar content category. Based on distribution channels the market is divided into store-based and non-store-based.
Majjor Players
The key market players are Wowble, Bubble Tea House Company, Zenzoo, Fokus, Chatime (Taiwan), CoCo Fresh Tea & Juice (United States), and Tapio Coffee & Bubble Tea (Andalusia).
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
2 MARKET INTRODUCTION 17
2.1 DEFINITION 17
2.2 SCOPE OF THE STUDY 17
2.3 RESEARCH OBJECTIVE 17
2.4 MARKET STRUCTURE 18
3 RESEARCH METHODOLOGY 19
3.1 OVERVIEW 19
3.2 DATA FLOW 21
3.2.1 DATA MINING PROCESS 21
3.3 PURCHASED DATABASE: 22
3.4 SECONDARY SOURCES: 23
3.4.1 SECONDARY RESEARCH DATA FLOW: 24
3.5 PRIMARY RESEARCH: 25
3.5.1 PRIMARY RESEARCH DATA FLOW: 26
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 27
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE 27
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 28
3.6.1 CONSUMPTION & NET TRADE APPROACH 28
3.6.2 REVENUE ANALYSIS APPROACH 28
3.7 DATA FORECASTING 29
3.7.1 DATA FORECASTING TECHNIQUE 29
3.8 DATA MODELING 30
3.8.1 MICROECONOMIC FACTOR ANALYSIS: 30
3.8.2 DATA MODELING: 31
3.9 TEAMS AND ANALYST CONTRIBUTION 33
4 MARKET DYNAMICS 34
4.1 INTRODUCTION 34
4.2 DRIVERS 35
4.2.1 CULTURAL ADAPTATION THAT BLENDS TRADITIONAL SPANISH FLAVORS WITH THE BUBBLE TEA 35
4.2.2 YOUTHFUL TREND AND SOCIAL MEDIA BUZZ 35
4.2.3 INNOVATION AND HEALTH-CONSCIOUS CHOICES 36
4.3 RESTRAINTS 37
4.3.1 BUBBLE TEA IS STILL RELATIVELY NEW IN SPAIN 37
4.3.2 COMPETITION FROM OTHER BEVERAGES 38
4.4 OPPORTUNITY 39
4.4.1 THE GROWING TREND OF ONLINE ORDERING AND DELIVERY SERVICE 39
4.4.2 INCREASED MARKETING AND EDUCATIONAL EFFORTS 39
4.5 CHALLENGES 40
4.5.1 HEALTH CONCERNS 40
4.5.2 LIMITED AVAILABILITY 41
4.6 STRATEGIC INSIGHTS 41
4.6.1 TECHNOLOGY UPDATE 41
4.7 REGIONAL MARKETS TO LOOK FOR 42
4.8 REGULATORY UPDATE 42
4.9 MARKET TRENDS 43
4.10 IMPACT ANALYSIS OF COVID-19 43
4.10.1 IMPACT ON THE OVERALL TEA INDUSTRY 43
4.10.2 ECONOMIC IMPACT 44
4.10.3 IMPACT ON THE GLOBAL BUBBLE TEA MARKET 44
4.10.4 IMPACT ON THE SUPPLY CHAIN OF BUBBLE TEA 45
4.10.5 IMPACT ON MARKET DEMAND FOR BUBBLE TEA 45
4.10.5.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN 45
4.10.5.2 CONSUMER SENTIMENTS 45
4.10.6 IMPACT ON PRICING OF BUBBLE TEA 46
4.10.7 CONSUMER BEHAVIOR ANALYSIS 47
5 MARKET FACTOR ANALYSIS 48
5.1 VALUE CHAIN ANALYSIS 48
5.1.1 RAW FORMS 48
5.1.2 MANUFACTURING / PRODUCTION/ PROCESSING 49
5.1.3 PACKING 49
5.2 SUPPLY CHAIN ANALYSIS 50
5.2.1 PARTICIPANTS (AT DIFFERENT NODES) 51
5.2.1.1 RAW FORM SUPPLIERS 51
5.2.1.2 MANUFACTURERS 51
5.2.1.3 DISTRIBUTION CHANNEL 52
5.2.1.4 END USER 52
5.2.2 INTEGRATION LEVELS 53
5.2.3 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS) 54
5.3 PORTER'S FIVE FORCES MODEL 55
5.3.1 BARGAINING POWER OF SUPPLIERS 55
5.3.2 BARGAINING POWER OF BUYERS 56
5.3.3 THREAT OF NEW ENTRANTS 56
5.3.4 THREAT OF SUBSTITUTES 57
5.3.5 INTENSITY OF RIVALRY 57
6 SPAIN BUBBLE TEA MARKET BY TYPE 58
6.1 INTRODUCTION 58
6.2 BLACK TEA 59
6.3 GREEN TEA 60
6.4 OOLONG TEA 60
6.5 WHITE TEA 61
7 SPAIN BUBBLE TEA MARKET BY FLAVOR 62
7.1 INTRODUCTION 62
7.2 FRUITS 63
7.3 TARO 64
7.4 STRAWBERRY 65
7.5 CLASSIC 65
7.6 COFFEE 66
8 SPAIN BUBBLE TEA MARKET BY SUGAR CONTENT 67
8.1 INTRODUCTION 67
8.2 REGULAR 68
8.3 REDUCED SUGAR/SUGAR-FREE 69
9 SPAIN BUBBLE TEA MARKET BY FORM 70
9.1 INTRODUCTION 70
9.2 TEA BAGS 71
9.3 READY-TO-SERVE 72
10 SPAIN BUBBLE TEA MARKET BY TOPPINGS 73
10.1 INTRODUCTION 73
10.2 PEARL 74
10.3 GRASS JELLY 75
10.4 COCONUT JELLY 75
10.5 RED BEAN 76
10.6 MULTIPLE/OTHERS 77
11 SPAIN BUBBLE TEA MARKET BY DISTRIBUTION CHANNEL 78
11.1 INTRODUCTION 78
11.2 STORE-BASED 79
11.3 NON-STORE-BASED 80
12 COMPETITIVE LANDSCAPE 81
12.1 INTRODUCTION 81
12.2 COMPETITION DASHBOARD 82
12.2.1 PRODUCT PORTFOLIO 82
12.2.2 REGIONAL PRESENCE 82
12.2.3 STRATEGIC ALLIANCES 82
12.2.4 INDUSTRY EXPERIENCES 83
12.3 WHO ARE THE MAJOR DISRUPTORS & INNOVATORS 83
12.4 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS 83
13 COMPANY PROFILES 84
13.1 WOWBLE. 84
13.1.1 COMPANY OVERVIEW 84
13.1.2 PRODUCTS OFFERED 84
13.1.3 SWOT ANALYSIS 85
13.1.4 KEY STRATEGY 85
13.2 BUBBLE TEA HOUSE COMPANY 86
13.2.1 COMPANY OVERVIEW 86
13.2.2 PRODUCTS OFFERED 86
13.2.3 SWOT ANALYSIS 87
13.2.4 KEY STRATEGY 87
13.3 ZENZOO 88
13.3.1 COMPANY OVERVIEW 88
13.3.2 PRODUCTS OFFERED 88
13.3.3 SWOT ANALYSIS 89
13.3.4 KEY STRATEGY 89
13.4 CHATIME 90
13.4.1 COMPANY OVERVIEW 90
13.4.2 PRODUCTS OFFERED 90
13.4.3 SWOT ANALYSIS 91
13.4.4 KEY STRATEGY 91
13.5 COCO FRESH TEA & JUICE 92
13.5.1 COMPANY OVERVIEW 92
13.5.2 PRODUCTS OFFERED 92
13.5.3 SWOT ANALYSIS 93
13.5.4 KEY STRATEGY 93
13.6 TAPIO COFFEE & BUBBLE TEA 94
13.6.1 COMPANY OVERVIEW 94
13.6.2 PRODUCTS OFFERED 94
13.6.3 SWOT ANALYSIS 95
13.6.4 KEY STRATEGY 95
13.7 DATA CITATIONS 97
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 31
TABLE 2 SPAIN BUBBLE TEA MARKET, BY TYPE, 2018-2032 (USD MILLION) 58
TABLE 3 SPAIN BUBBLE TEA MARKET, BY FLAVOR, 2018-2032 (USD MILLION) 63
TABLE 4 SPAIN BUBBLE TEA MARKET, BY SUGAR CONTENT, 2018-2032 (USD MILLION) 67
TABLE 5 SPAIN BUBBLE TEA MARKET, BY FLAVOR, 2018-2032 (USD MILLION) 70
TABLE 6 SPAIN BUBBLE TEA MARKET, BY FLAVOR, 2018-2032 (USD MILLION) 74
TABLE 7 SPAIN BUBBLE TEA MARKET, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION) 78
TABLE 8 WOWBLE.: PRODUCTS OFFERED 84
TABLE 9 BUBBLE TEA HOUSE COMPANY: PRODUCTS OFFERED 86
TABLE 10 ZENZOO: PRODUCTS OFFERED 88
TABLE 11 CHATIME: PRODUCTS OFFERED 90
TABLE 12 COCO FRESH TEA & JUICE: PRODUCTS OFFERED 92
TABLE 13 TAPIO COFFEE & BUBBLE TEA: PRODUCTS OFFERED 94
LIST OF FIGURES
FIGURE 1 SPAIN BUBBLE TEA MARKET: STRUCTURE 18
FIGURE 2 SPAIN BUBBLE TEA MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032) 34
FIGURE 3 DRIVER IMPACT ANALYSIS (2023-2032) 37
FIGURE 4 RESTRAINT IMPACT ANALYSIS (2022-2032) 38
FIGURE 5 VALUE CHAIN ANALYSIS: SPAIN BUBBLE TEA MARKET 48
FIGURE 6 SUPPLY CHAIN ANALYSIS: SPAIN BUBBLE TEA MARKET 50
FIGURE 7 PORTER'S FIVE FORCES MODEL: SPAIN BUBBLE TEA MARKET 55
FIGURE 8 SPAIN BUBBLE TEA MARKET, BY TYPE, SEGMENT ATTRACTIVENESS ANALYSIS 58
FIGURE 9 SPAIN BUBBLE TEA MARKET, BY TYPE, 2022 (% SHARE) 59
FIGURE 10 SPAIN BUBBLE TEA MARKET BY FLAVOR, SEGMENT ATTRACTIVENESS ANALYSIS 62
FIGURE 11 SPAIN BUBBLE TEA MARKET, BY FLAVOR, 2022 (% SHARE) 63
FIGURE 12 SPAIN BUBBLE TEA MARKET BY SUGAR CONTENT, SEGMENT ATTRACTIVENESS ANALYSIS 67
FIGURE 13 SPAIN BUBBLE TEA MARKET, BY SUGAR CONTENT, 2022 (% SHARE) 68
FIGURE 14 SPAIN BUBBLE TEA MARKET BY FLAVOR, SEGMENT ATTRACTIVENESS ANALYSIS 70
FIGURE 15 SPAIN BUBBLE TEA MARKET, BY FLAVOR, 2022 (% SHARE) 71
FIGURE 16 SPAIN BUBBLE TEA MARKET BY TOPPINGS, SEGMENT ATTRACTIVENESS ANALYSIS 73
FIGURE 17 SPAIN BUBBLE TEA MARKET, BY TOPPINGS, 2022 (% SHARE) 74
FIGURE 18 SPAIN BUBBLE TEA MARKET, BY CHANNEL TYPE, SEGMENT ATTRACTIVENESS ANALYSIS 78
FIGURE 19 SPAIN BUBBLE TEA MARKET, BY CHANNEL TYPE, 2022 (% SHARE) 79
FIGURE 20 COMPETITOR DASHBOARD: SPAIN BUBBLE TEA MARKET 82
FIGURE 21 WOWBLE.: SWOT ANALYSIS 85
FIGURE 22 BUBBLE TEA HOUSE COMPANY: SWOT ANALYSIS 87
FIGURE 23 ZENZOO: SWOT ANALYSIS 89
FIGURE 24 CHATIME: SWOT ANALYSIS 91
FIGURE 25 COCO FRESH TEA & JUICE: SWOT ANALYSIS 93
FIGURE 26 TAPIO COFFEE & BUBBLE TEA: SWOT ANALYSIS 95
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