Bubble milk tea estimated to create US$1 billion in business

Focus Taiwan
Date: 2019/10/03
By: Lai Yu-yang and Frances Huang

Taipei, Oct. 3 (CNA) Bubble milk tea, one of the most popular tea drinks in Taiwan as well as in the region and even in the U.S. market, is expected to create about US$1 billion in business opportunities for Taiwanese suppliers and related vendors in 2019, the Taiwan External Trade Development Council (TAITRA) said Wednesday.

TAITRA will lead a delegation to Japan of drink suppliers, ingredient makers, packaging material providers and tea-making equipment Thursday to look for business opportunities.

Members of the delegation are also expected to seek franchising partners in Japan.

It will be the first bubble milk tea delegation organized by TAITRA to go to Japan, according to the trade group.    [FULL  STORY]