To be profitable, Joseph Oh, co-founder of homegrown bubble tea chain Bober Tea, said that it "depends highly on rental and labour costs."

Published 2021-03-09 14:27:10

Bubble tea is a beloved Taiwan classic, with origins that date all the way back to the 1980s.

The bubble tea craze has not only gripped Asia, but it has also grown to become a global addiction.

According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027.

It also revealed that the global bubble tea market size was valued at US$2.02 billion in 2019, and is expected to reach US$3.39 billion by 2027.

Zooming In On The Bubble Tea Scene In S’poreThe bubble tea landscape in Singapore has gone through a very interesting boom and bust phase.


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