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Bubble tea has surged in popularity across Australia over recent years, primarily thanks to changing consumer tastes and multicultural influences. Strong migration from Asian regions has introduced many Australians to bubble tea, shifting it from a niche beverage into a mainstream option. Shops have spread rapidly in areas with substantial Asian communities and younger demographics, notably the CBDs of Melbourne and Sydney, reflecting greater consumer acceptance of bubble tea.
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IBISWorld's research coverage on the Bubble Tea Shops industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released March 2025.
The Bubble Tea Shops industry in Australia operates under the ANZSIC industry code OD5572. Outlets in the Bubble Tea Shops industry sell bubble tea (also known as boba), a Taiwanese tea-based drink with various toppings, including chewy tapioca balls. Bubble tea is well-known for its distinctive textures and flavours, ranging from creamy milk teas to refreshing fruit teas. Related terms covered in the Bubble Tea Shops industry in Australia include franchise, boba and tapioca.
Products and services covered in Bubble Tea Shops industry in Australia include Milk tea, Tapioca milk tea and Green and black tea.
The Bubble Tea Shops industry in Australia is highly fragmented with no companies holding a market share greater than 5%.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Bubble Tea Shops industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Bubble Tea Shops industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Bubble Tea Shops industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Bubble Tea Shops industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Bubble Tea Shops industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Bubble Tea Shops industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Bubble Tea Shops industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Bubble Tea Shops industry in Australia.
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The market size of the Bubble Tea Shops industry in Australia is $480.7m in 2026.
There are 302 businesses in the Bubble Tea Shops industry in Australia, which has grown at a CAGR of 2.3 % between 2020 and 2025.
The market size of the Bubble Tea Shops industry in Australia has been growing at a CAGR of 0.5 % between 2020 and 2025.
Over the next five years, the Bubble Tea Shops industry in Australia is expected to grow.
Tapioca milk tea and Green and black tea are part of the Bubble Tea Shops industry in Australia.
The level of competition is moderate and increasing in the Bubble Tea Shops industry in Australia.