Data Bridge Market Research analyses that the global popping boba/juice balls market will project a CAGR of 10.70% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards the consumption of nutritional food items, changings tastes and preferences of consumers, rise in the application of popping boba/juice balls in the preparation of beverages and increasing personal disposable income by the major companies are the major factors attributable to the growth of popping boba/juice balls market.
Also known as popping pearls, popping boba is a thin, gel-like boba that is used in the preparation of different kinds of beverages. From the name itself, it is clear that popping boba/juice balls contain juice in them that burst when squeezed which consist of water, sugar, fruit juice or other flavors.
Rising personal disposable income and growing number of restaurants, hotels and other such food and beverage outlets especially in the developing economies are the major factors fostering the growth of the popping boba/juice balls market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, growing accessibility and easy availability of product through organised distribution channel, surging introduction of new and advanced products, increasing health consciousness among consumers and on-going shift in the dietary habits among consumers are acting as popping boba/juice balls market growth determinants. Improving distribution channel, surging awareness about maintaining health and fitness, rising demand for bubble tea, increasing popularity for organic products, and growing adoption of urban lifestyle will further induce growth in the popping boba/juice balls market value.