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The Bubble Tea Market
The bubble tea craze has taken Australia by storm, and it shows no signs of cooling off! The continuous innovation of imaginative, fun and exciting drinks is driving exponential growth. According to IBISWorld’s recent study on the bubble tea shop market in Australia:
- The industry’s revenue reached $415.1 million in 2023
- The market grew by an impressive 5.6% in 2023
- From 2018 to 2023, the industry grew at an average rate of 2.4% per year
- The industry outpaced the overall economy’s growth
- Sharetea’s market size grew faster than the Consumer Goods & Services sector overall
Get in Touch Today to Lead Your First Bubble Tea Franchise
Find a place in our network and become the proud owner of the next Sharetea in Australia! From bubble tea franchises in Perth to Sydney, Sharetea has exciting opportunities in key markets across Queensland, NSW, Western Australia, Victoria, ACT and more!
Explore our available locations and contact our team today to discuss everything involved and put the keys to your first cafe in your hands.