Analysis of the US carbonated beverage industry reveals potential anti-competitive effects of vertical mergers in multiproduct industries. Industry Landscape.
While mass marketed on a global scale, carbonated beverages are generally produced locally.
How big is the soft drink industry? Beverage includes products such as beer, bottled water, carbonated and non-carbonated juices/soft drinks & wines. High-sugar, high-calorie carbonated beverages have turned off many health-conscious consumers, and "health carbonated beverages, on the other hand, are deficient in growth factors, and carbon dioxide also exerts a protective effect. The carbonated soft drink market was dominated by the Coca-Cola Company, which held a market share of 48.6 percent. The carbonated beverage Broader term: Beverage industry; Filed under: Carbonated beverage industry Transformation and continuity : the U.S. carbonated soft drink bottling industry and antitrust policy since 1980 / ([Washington, D.C.] : Federal Trade Commission, 1999), by Harold Saltzman, John C. Hilke, Roy Levy, and
The Global Carbonated Drinks Market Report provides evaluation of the market development from historical studies. The
The Global Carbonated Beverages Market size was worth US$ 392.6 billion in 2022, and it is estimated to reach a valuation of US$ 412.5 billion by the end of 2027, expanding at an annual
Consumers are becoming more health-conscious and are looking for alternatives to sugary soft drinks.
The first carbonated beverages were just non-flavored carbonated water sold as mineral water tonics. 1.1 Study Scope and Definition.
The soft drink industry is more than a business, it is part of American history and American culture. That made carbonated soft drinks 1. See also what's at your library, or elsewhere.. This report further provides forecasts by performing comprehensive market analysis. Appendix. Recognized brand loyalty is a big aspect of the carbonated beverages industry. In 2019, Coca-Cola accounted for around 55 percent of China's carbonated drink market, while its main competitor Pepsi owned about 36 percent of the This article will give you a brief overview of the beverage industry: the general development, the competitive level and more. For the South African Carbonated Soft Drinks Industry Section.
This means that each bottler must secure its own CO2 supply and contend with cost variations as well as supply and quality uncertainties.
Coca-Colas another invention which has made them more successful in the food and beverage industry is Sprite. Carbonated Beverage. The size of this market is expected to increase to USD xx.x million by the The soft drink industry dates back to 1798, beginning with a carbonated beverage called "soda water". After 13 years of repeated downturn in the carbonated beverage industry, it has become crucial that Industry-based innovation and technological apt blueprints be integrated According to Chicago-based Information Resources Inc. (IRI), total beer sales were down 2.5%, totaling more than $43.8 billion, for the 52 weeks ending May 15 in total U.S. multi-outlets. About Us: The Insight Partners is a one stop industry research provider of The report covers the market
Soft Drinks. Public places such as restaurants, hotels, cafes, educational institutions, tourist
1.5 By 2023, the global carbonated beverages market is expected to reach USD 412.5 billion in revenue. and sales. Carbonated beverages (CBs) make up the bulk of the global soft drink industry.
Carbonated Soft Drinks and Sparkling Functional Beverages in the U.S. through 2026: Market Essentials is the culmination of an extensive body of industry research conducted each year by Beverage Marketing Corporation. The growth of the carbonated beverages market is expected to be moderate, since the industry has matured in most of the regions across the world. The beverage industry covers everything from bottled water and carbonated drinks to alcoholic beverages. Scope. The industry is almost as old as the country itself. Carbonated Beverages Market, Key Company Profiles. Flavored carbonated drinks/ soft drinks were initially introduced Company meeting Global Standards and delivering End-to-End Engineering Design & Construction Management in Food & Beverage Industry A-224, A Block, Sector 83, Noida
The market size of this industry has been changing. The Coca-Cola Company is the carbonated beverage market leader and PepsiCo Inc. s the market challenger striving to increase its market share by creating a comparable but yet slight different products in which customers feel is better and have more value. Global Carbonated Beverages Market is expected to grow at a CAGR x.x% over the next ten years, and will reach at US$ XX.X Mn in 2029, from US$ XX.X Mn in 2020. Carbonated Soft Drink Market Size, Share & Trends Analysis Report by Flavour (Cola, Citrus, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Convenience stores & The global market was estimated at 341.6 billion U.S. dollars. The production of carbonated soft drinks contributes approximately $4 billion per annum. Providing the most comprehensive and up-to-date information and analysis of the US Carbonated Soft Drinks market, including the behaviours, preferences and habits of the consumer. In 2004, the last year that the category posted growth, U.S. The carbonated beverage processing equipment market is projected to grow, witnessing a CAGR of 4.47% during the forecast period (2020-2025).
Carbonated Beverages Market applies the most effective of each primary and secondary analysis to
Coca-Cola and PepsiCos wide distribution network gives them significant pricing power. Carbonated beverages are drinks that include carbon dioxide dissolved in water. The presence of this gas creates bubbles and fizzing in the liquid. Carbonation can occur naturally underground or artificially, through pressurizing. Examples of carbonated beverages include spring water, beer and soda, or pop. At the forefront of this market are PepsiCo, Coca Cola, Global Carbonated Beverages Market is expected to grow at a CAGR x.x% over the next ten years, and will reach at US$ XX.X Mn in 2029, from US$ XX.X Mn in 2020. Carbonated beverages (CBs) make up the bulk of the global soft drink industry.
Feb 16, 2022. In a report from New York-based Beverage Marketing Corporation (BMC) titled Carbonated Soft Drinks in the U.S. through 2025: Market Essentials, the market research Systems we have designed and installed for the carbonated beverage industry include: Ingredient receiving and storage systems. Find reliable companies related aromatic carbonated beverage keyword at Machinery Industry category as Exporter on our largest export portal Forie.
The U.S. Market is Estimated at $ Million in 2021, In understanding how the process works, new beverage companies (or even old ones!) China is expected to lead the carbonated soft drinks industry in the top five emerging nations, with a value of $28,405.1 million in 2024, followed by Mexico and Brazil with expected values of $24,459.9 and $18,776.0 million, respectively. The bubble tea industry is expanding globally, and its 1.2 Research Methodology.
Filler. Among the segments, total domestic beer was down 6%, totaling $26 billion, with volume down 9.2%. Datamonitor (2005) also found that the total market value of soft drinks reached $307.2 billion in 2004 with a market value forecast of $367.1 billion in 2009. It covers thorough market analysis for the forecasted period 2022-2028. Minute Maid, Tropicana and diet soda are some of the examples of the changes made by these giants in order to garner the attention of the public.
The global carbonated soft drinks market size is expected to value at USD 605.6 billion by 2025, during the forecast period. The giants of the global market are progressively relying on product innovation as the most adopted strategy. Carbonated beverage industry. North America dominates the carbonated beverage market, globally, followed by Europe, which holds a significant share in the global carbonated beverages market. Rising demand for processed food & beverages in the industry is expected to have a positive impact on the regional market. This was followed by Mexico and Brazil with a value of $22,045.7 and $18,682.2 million, respectively. Carbonated drinks include soda (without sugar), sports drinks and energy drinks.
Market Overview.
Pepsi Beverage Industry: Pepsi one of the most popular carbonated soft drinks in the world. Buy quality products manufactured worldwide. CELSIUS Watermelon Berry is non-carbonated, and it's made with all of the same key vitamins and clinically proven ingredients as CELSIUS' original line, only it's naturally sweetened with Stevia and naturally caffeinated with green coffee bean extract.The extract used contains a specific ratio of EGCG Carbonated drinks are the only products within the massive food and beverage industry paying the Health Levy whereas no other sugar-based products have FED applied on Commonly Used Terms. The global carbonated beverages market size was estimated at USD 406.89 billion in 2019 and is expected to reach USD 440.56 billion in 2020. The giants of the global market are progressively relying on The presence of this gas creates bubbles and fizzing in the A big part of this growth is due to the increasing popularity of carbonated water. can find areas of opportunity to intervene and make their product better.
Six beverage trends 2022. Market Analysis and Insights: Global Carbonated Beverage Processing Machinery Market The global Carbonated Beverage Processing Machinery market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028. Sucrose is widely used and comes
Published April 2022 (110 pages): The South African Carbonated Soft Drinks Industry Landscape Report provides a dynamic synthesis of industry research, examining the local and global Carbonated Soft Drinks Industry (including the impact of COVID-19) from a uniquely holistic perspective, with detailed insights into the entire value chain market size, industry The carbonated soft drinks market in Sri Lanka was equal to 289.00 million USD (calculated in retail prices) in 2015. During the COVID-19 pandemic, carbonated
SAN FRANCISCO, Feb. 10, 2021 /PRNewswire/ -- The global carbonated soft drink market size is expected to reach USD 320.1 billion by 2028, according to a new report by Grand View Research, Inc. Research on the Carbon Footprint of Carbonated .
The global carbonated beverages market is projected to register a CAGR of 6.5% during the forecast period 2022-2027. Even before the pandemic, the largest non-alcoholic beverage category, CSDs, was showing signs of renewal finding modest growth that has top $39B. But Salinger (1991), based on ideas in Edgeworth (1925), argues that the elimination of double marginalization may cause price increases when a multiproduct firm integrates with one of its suppliers. Carbonated beverages are created by adding carbon dioxide, making. Two powerhouses control the market share of the carbonated soft drink and beverage industry: PepsiCo. Beverage industry consists of companies operating in beverage production, distribution, retail and supply of various types across the world.
The food industry's low-calorie carbonated beverage market has risen in response to rising demand for clean-label, gluten-free, low-calorie, and low-carb goods. Carbonated Beverages Market Overview This report contains comprehensive research with in-depth data and contemporary analysis of the Carbonated Beverages market at a global, The new closed-loop system allows beverage companies to reuse the boiler-emitted CO2. 2028.
Approximately 48% of the people drink more than two glasses of beverages per Soda being poured into a glass.
Carbonated Beverages Market The global carbonated beverages market size was valued at USD 406.89 billion in 2019 and is expected to grow at a 199.1.
The market is With the changing preference and choices of customers, healthy drinks were also lunched. PepsiCo Beverage Company is the proud manufacturer of Pepsi in the food and beverage industry, which was developed in 1893. The growth of the market is attributed to the rising young Of these, water is key. Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027. For over 20 years weve been pioneering in the beverage industry as one of the leading providers of beverage machinery for food manufacturers around the globe. Carbonated soft drinks (CSDs) are a combination of carbonated water and flavouring, sweetened by sugar or a non-sugar sweeteners. A trivial impact of the COVID-19 pandemic has been registered in the carbonated beverage industry. Read More
Until 2025, the drinks market in Sri Lanka is forecast to reach 614.30 million USD (in retail prices), thus increasing at a CAGR of 7.39% per annum for the period 2020-2025.
How big is the soft drink industry? Americans drank 12.6 billion gallons of carbonated soft drinks in the U.S. in 2015, down from 12.8 billion gallons in 2014. 232.9. Carbonated soft drinks, or CSDs, can be sweetened by sugar or a range of non-nutritive sweeteners. Global Carbonated Beverages Market 2022-2028, has been prepared based on an in-depth market analysis with inputs from industry experts. the report covers the main product lines of the industry: carbonated soft drinks, fruit beverages, bottled water, so-called functional beverages (including energy drinks and ready-to-drink teas and coffees), and sports drinks, across such powerful brands as Coke, Pepsi, Gatorade, and snapple. Syndicated Analytics latest report titled Carbonated Beverages Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue 2022-2027 covers all the aspects including industry performance, key success and risk factors, manufacturing requirements, The global market for carbonated beverages is highly fragmented in nature, thanks to the presence of a large pool of companies. Coca-Cola Freestyle 8100 brings beverage variety, quality and speed to drive-thrus. Description. Where Is The Carbonated Beverage Industry?
The carbonated beverage industry is very competitive. The Global Carbonated Beverages Market 2021 2030 report we offer provides details and information regarding market revenue size or value, historical and forecast growth of the target 1.3 Key Market Segments. The CARBONATED BEVERAGE PRODUCTION (China) report contains the most-up-to-date financial data and Plimsoll applies these figures to create their unique and
Watermelon Berry - Celsius-Stevia - Celsius new www.celsius.com. Company debuts new dispenser model at 2022 National Restaurant Association Show. 13.
Although it was invented in the 1980s, bubble tea is poised to skyrocket in popularity.
While mass marketed on a global scale, carbonated beverages are generally produced locally.
How big is the soft drink industry? Beverage includes products such as beer, bottled water, carbonated and non-carbonated juices/soft drinks & wines. High-sugar, high-calorie carbonated beverages have turned off many health-conscious consumers, and "health carbonated beverages, on the other hand, are deficient in growth factors, and carbon dioxide also exerts a protective effect. The carbonated soft drink market was dominated by the Coca-Cola Company, which held a market share of 48.6 percent. The carbonated beverage Broader term: Beverage industry; Filed under: Carbonated beverage industry Transformation and continuity : the U.S. carbonated soft drink bottling industry and antitrust policy since 1980 / ([Washington, D.C.] : Federal Trade Commission, 1999), by Harold Saltzman, John C. Hilke, Roy Levy, and
The Global Carbonated Drinks Market Report provides evaluation of the market development from historical studies. The
The Global Carbonated Beverages Market size was worth US$ 392.6 billion in 2022, and it is estimated to reach a valuation of US$ 412.5 billion by the end of 2027, expanding at an annual
Consumers are becoming more health-conscious and are looking for alternatives to sugary soft drinks.
The first carbonated beverages were just non-flavored carbonated water sold as mineral water tonics. 1.1 Study Scope and Definition.
The soft drink industry is more than a business, it is part of American history and American culture. That made carbonated soft drinks 1. See also what's at your library, or elsewhere.. This report further provides forecasts by performing comprehensive market analysis. Appendix. Recognized brand loyalty is a big aspect of the carbonated beverages industry. In 2019, Coca-Cola accounted for around 55 percent of China's carbonated drink market, while its main competitor Pepsi owned about 36 percent of the This article will give you a brief overview of the beverage industry: the general development, the competitive level and more. For the South African Carbonated Soft Drinks Industry Section.
This means that each bottler must secure its own CO2 supply and contend with cost variations as well as supply and quality uncertainties.
Coca-Colas another invention which has made them more successful in the food and beverage industry is Sprite. Carbonated Beverage. The size of this market is expected to increase to USD xx.x million by the The soft drink industry dates back to 1798, beginning with a carbonated beverage called "soda water". After 13 years of repeated downturn in the carbonated beverage industry, it has become crucial that Industry-based innovation and technological apt blueprints be integrated According to Chicago-based Information Resources Inc. (IRI), total beer sales were down 2.5%, totaling more than $43.8 billion, for the 52 weeks ending May 15 in total U.S. multi-outlets. About Us: The Insight Partners is a one stop industry research provider of The report covers the market
Soft Drinks. Public places such as restaurants, hotels, cafes, educational institutions, tourist
1.5 By 2023, the global carbonated beverages market is expected to reach USD 412.5 billion in revenue. and sales. Carbonated beverages (CBs) make up the bulk of the global soft drink industry.
Carbonated Soft Drinks and Sparkling Functional Beverages in the U.S. through 2026: Market Essentials is the culmination of an extensive body of industry research conducted each year by Beverage Marketing Corporation. The growth of the carbonated beverages market is expected to be moderate, since the industry has matured in most of the regions across the world. The beverage industry covers everything from bottled water and carbonated drinks to alcoholic beverages. Scope. The industry is almost as old as the country itself. Carbonated Beverages Market, Key Company Profiles. Flavored carbonated drinks/ soft drinks were initially introduced Company meeting Global Standards and delivering End-to-End Engineering Design & Construction Management in Food & Beverage Industry A-224, A Block, Sector 83, Noida
The market size of this industry has been changing. The Coca-Cola Company is the carbonated beverage market leader and PepsiCo Inc. s the market challenger striving to increase its market share by creating a comparable but yet slight different products in which customers feel is better and have more value. Global Carbonated Beverages Market is expected to grow at a CAGR x.x% over the next ten years, and will reach at US$ XX.X Mn in 2029, from US$ XX.X Mn in 2020. Carbonated Soft Drink Market Size, Share & Trends Analysis Report by Flavour (Cola, Citrus, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Convenience stores & The global market was estimated at 341.6 billion U.S. dollars. The production of carbonated soft drinks contributes approximately $4 billion per annum. Providing the most comprehensive and up-to-date information and analysis of the US Carbonated Soft Drinks market, including the behaviours, preferences and habits of the consumer. In 2004, the last year that the category posted growth, U.S. The carbonated beverage processing equipment market is projected to grow, witnessing a CAGR of 4.47% during the forecast period (2020-2025).
Carbonated Beverages Market applies the most effective of each primary and secondary analysis to
Coca-Cola and PepsiCos wide distribution network gives them significant pricing power. Carbonated beverages are drinks that include carbon dioxide dissolved in water. The presence of this gas creates bubbles and fizzing in the liquid. Carbonation can occur naturally underground or artificially, through pressurizing. Examples of carbonated beverages include spring water, beer and soda, or pop. At the forefront of this market are PepsiCo, Coca Cola, Global Carbonated Beverages Market is expected to grow at a CAGR x.x% over the next ten years, and will reach at US$ XX.X Mn in 2029, from US$ XX.X Mn in 2020. Carbonated beverages (CBs) make up the bulk of the global soft drink industry.
Feb 16, 2022. In a report from New York-based Beverage Marketing Corporation (BMC) titled Carbonated Soft Drinks in the U.S. through 2025: Market Essentials, the market research Systems we have designed and installed for the carbonated beverage industry include: Ingredient receiving and storage systems. Find reliable companies related aromatic carbonated beverage keyword at Machinery Industry category as Exporter on our largest export portal Forie.
The U.S. Market is Estimated at $ Million in 2021, In understanding how the process works, new beverage companies (or even old ones!) China is expected to lead the carbonated soft drinks industry in the top five emerging nations, with a value of $28,405.1 million in 2024, followed by Mexico and Brazil with expected values of $24,459.9 and $18,776.0 million, respectively. The bubble tea industry is expanding globally, and its 1.2 Research Methodology.
Filler. Among the segments, total domestic beer was down 6%, totaling $26 billion, with volume down 9.2%. Datamonitor (2005) also found that the total market value of soft drinks reached $307.2 billion in 2004 with a market value forecast of $367.1 billion in 2009. It covers thorough market analysis for the forecasted period 2022-2028. Minute Maid, Tropicana and diet soda are some of the examples of the changes made by these giants in order to garner the attention of the public.
The global carbonated soft drinks market size is expected to value at USD 605.6 billion by 2025, during the forecast period. The giants of the global market are progressively relying on product innovation as the most adopted strategy. Carbonated beverage industry. North America dominates the carbonated beverage market, globally, followed by Europe, which holds a significant share in the global carbonated beverages market. Rising demand for processed food & beverages in the industry is expected to have a positive impact on the regional market. This was followed by Mexico and Brazil with a value of $22,045.7 and $18,682.2 million, respectively. Carbonated drinks include soda (without sugar), sports drinks and energy drinks.
Market Overview.
Pepsi Beverage Industry: Pepsi one of the most popular carbonated soft drinks in the world. Buy quality products manufactured worldwide. CELSIUS Watermelon Berry is non-carbonated, and it's made with all of the same key vitamins and clinically proven ingredients as CELSIUS' original line, only it's naturally sweetened with Stevia and naturally caffeinated with green coffee bean extract.The extract used contains a specific ratio of EGCG Carbonated drinks are the only products within the massive food and beverage industry paying the Health Levy whereas no other sugar-based products have FED applied on Commonly Used Terms. The global carbonated beverages market size was estimated at USD 406.89 billion in 2019 and is expected to reach USD 440.56 billion in 2020. The giants of the global market are progressively relying on The presence of this gas creates bubbles and fizzing in the A big part of this growth is due to the increasing popularity of carbonated water. can find areas of opportunity to intervene and make their product better.
Six beverage trends 2022. Market Analysis and Insights: Global Carbonated Beverage Processing Machinery Market The global Carbonated Beverage Processing Machinery market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028. Sucrose is widely used and comes
Published April 2022 (110 pages): The South African Carbonated Soft Drinks Industry Landscape Report provides a dynamic synthesis of industry research, examining the local and global Carbonated Soft Drinks Industry (including the impact of COVID-19) from a uniquely holistic perspective, with detailed insights into the entire value chain market size, industry The carbonated soft drinks market in Sri Lanka was equal to 289.00 million USD (calculated in retail prices) in 2015. During the COVID-19 pandemic, carbonated
SAN FRANCISCO, Feb. 10, 2021 /PRNewswire/ -- The global carbonated soft drink market size is expected to reach USD 320.1 billion by 2028, according to a new report by Grand View Research, Inc. Research on the Carbon Footprint of Carbonated .
The global carbonated beverages market is projected to register a CAGR of 6.5% during the forecast period 2022-2027. Even before the pandemic, the largest non-alcoholic beverage category, CSDs, was showing signs of renewal finding modest growth that has top $39B. But Salinger (1991), based on ideas in Edgeworth (1925), argues that the elimination of double marginalization may cause price increases when a multiproduct firm integrates with one of its suppliers. Carbonated beverages are created by adding carbon dioxide, making. Two powerhouses control the market share of the carbonated soft drink and beverage industry: PepsiCo. Beverage industry consists of companies operating in beverage production, distribution, retail and supply of various types across the world.
The food industry's low-calorie carbonated beverage market has risen in response to rising demand for clean-label, gluten-free, low-calorie, and low-carb goods. Carbonated Beverages Market Overview This report contains comprehensive research with in-depth data and contemporary analysis of the Carbonated Beverages market at a global, The new closed-loop system allows beverage companies to reuse the boiler-emitted CO2. 2028.
Approximately 48% of the people drink more than two glasses of beverages per Soda being poured into a glass.
Carbonated Beverages Market The global carbonated beverages market size was valued at USD 406.89 billion in 2019 and is expected to grow at a 199.1.
The market is With the changing preference and choices of customers, healthy drinks were also lunched. PepsiCo Beverage Company is the proud manufacturer of Pepsi in the food and beverage industry, which was developed in 1893. The growth of the market is attributed to the rising young Of these, water is key. Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027. For over 20 years weve been pioneering in the beverage industry as one of the leading providers of beverage machinery for food manufacturers around the globe. Carbonated soft drinks (CSDs) are a combination of carbonated water and flavouring, sweetened by sugar or a non-sugar sweeteners. A trivial impact of the COVID-19 pandemic has been registered in the carbonated beverage industry. Read More
Until 2025, the drinks market in Sri Lanka is forecast to reach 614.30 million USD (in retail prices), thus increasing at a CAGR of 7.39% per annum for the period 2020-2025.
How big is the soft drink industry? Americans drank 12.6 billion gallons of carbonated soft drinks in the U.S. in 2015, down from 12.8 billion gallons in 2014. 232.9. Carbonated soft drinks, or CSDs, can be sweetened by sugar or a range of non-nutritive sweeteners. Global Carbonated Beverages Market 2022-2028, has been prepared based on an in-depth market analysis with inputs from industry experts. the report covers the main product lines of the industry: carbonated soft drinks, fruit beverages, bottled water, so-called functional beverages (including energy drinks and ready-to-drink teas and coffees), and sports drinks, across such powerful brands as Coke, Pepsi, Gatorade, and snapple. Syndicated Analytics latest report titled Carbonated Beverages Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue 2022-2027 covers all the aspects including industry performance, key success and risk factors, manufacturing requirements, The global market for carbonated beverages is highly fragmented in nature, thanks to the presence of a large pool of companies. Coca-Cola Freestyle 8100 brings beverage variety, quality and speed to drive-thrus. Description. Where Is The Carbonated Beverage Industry?
The carbonated beverage industry is very competitive. The Global Carbonated Beverages Market 2021 2030 report we offer provides details and information regarding market revenue size or value, historical and forecast growth of the target 1.3 Key Market Segments. The CARBONATED BEVERAGE PRODUCTION (China) report contains the most-up-to-date financial data and Plimsoll applies these figures to create their unique and
Watermelon Berry - Celsius-Stevia - Celsius new www.celsius.com. Company debuts new dispenser model at 2022 National Restaurant Association Show. 13.
Although it was invented in the 1980s, bubble tea is poised to skyrocket in popularity.