Insights. Tea is a large part of modern Australian culture due to its British origins. Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. When we say that bubble tea is insanely popular, were not joking. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. This beverage has undergone a few waves of popularity in Singapore. Join over 60,000 Bubblers (that's what we call our lovely customers!) Save my name and email in this browser for the next time I comment. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. The global bubble tea market size was valued at USD 2.17 billion in 2021. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. The manufacturers or entrepreneurs in the boba tea industry are venturing upon the launch of their own restaurants/cafes to attract consumers and fortify their market presence. Bubble milk tea has emerged as one of Gen Zs trademarks as its consumption is highly witnessed by the young generation as compared to any other age group. All Rights Reserved. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. Find your information in our database containing over 20,000 reports, Consumer Market For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. Request a Free sample to learn more about this report. The forecast period in the global bubble tea market report is 2019-2027. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. 02 Each tapioca ball has 5 to 14 calories. 6. In 2016, 19.4 per cent of 2023 Allied Market Research. Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. The market is expected to grow at a CAGR of 7.40%, during the forecast period. 10. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. This growth is fueled by the perceived health benefits of green tea. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. However, Europeis expected to grow with the highest CAGR throughout the forecast period, owing toaggressive advertising and celebrity brand endorsement and increasein the awareness of bubble tea in theregion. Bubble tea is a mix of milk, tea, and fruit juice with added bubbly-looking toppings (like tapioca balls). An average, medium-sized serving of bubble tea has, on average, 335 calories. A. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Thank you for requesting a call back, our sales representative will get in touch with you shortly! The market is expected to grow annually by 2.61% (CAGR 2023-2025). Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. In this article, I'll be sharing detailed statistics on bubble tea consumption - so if you're as curious as I am about this popular beverage, read on! Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . China is projected to exhibit a 7.5% CAGR. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We're Soocial, a leading branding agency with a passion for creating memorable names and internationally-renowned brands. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Premium Statistic Global tea consumption 2012-2025 . Italy's economy contracted by 0.1 per centquarter-on-quarter in the final three months (Q4) of last year, thecountry's National Institute of Statistics (ISTAT) said.On a year-on-year basis, gross domestic product (GDP) in the quarterincreased by 1.4 per cent, against the originally estimated 1.7 percent, reports Xinhua news agency citing ISTAT . 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. How much is the global bubble tea market worth? Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. This can be attributed to change in preference of consumers toward healthy beverages and better taste. The consumption of bubble milk tea also improves the balance of vitamins and minerals in the human body due to the presence of various inclusions such as yogurt, cream, fruit bits, and others. We dont recommend anyone making it a daily indulgence. Press release from: Analytics Market Research. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. How much sugar was consumed? Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Despite the burgeoning demand for such innovative tea beverages, the wide availability of other caffeinated and conventional drinks, such as coffee and chocolate, coupled with the prominent coffee consumption trends in Western countries, poses a threat to market growth. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. Over 95% of females in the united states have tried bubble tea, while 81% of males . 7. Tea is the second most popular drink in the world, with water at first place. Essential Facts. Tea is a beverage made by pouring hot water over cured leaves. Statista. According to ourlatest study, due to COVID-19 pandemic, the global Bubble Tea market size is estimated to be worth USD 8295.5 million in 2021 and is forecast to a readjusted size of USD 26870 . We use cookies to enhance your experience. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. 13. To understand the global market potential, growth, and scope, the market is segmented based on base ingredients (black tea, green tea, oolong tea, white tea, others), flavor (original, flavored (nut-flavored, chocolate, fruit, honey, mocha, caramel, vanilla, coconut), sugar content (regular, reduced sugar/sugar-free) format (ready-to-drink, instant mixes), toppings (pearl, grass jelly, coconut jelly, red bean, multiple/ others), distribution channel (direct (B2B), indirect (B2C) (hypermarket/ supermarket, convenience store, grocery retailers, wholesale, other store-based retailing), online retailing), and region. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. By continuing to visit this site you agree to our use of cookies . Such initiatives further support the immense growth opportunities for the companies. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. The demand for bubble tea is predicted to grow at an impressive rate. The consumption of organic tea rose by 1.06 million gallons in 2018. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. 01 The first bubble tea came out in the early 1980s. Bubble tea is drunk by millions of people around the world every single day, even in countries that you might not expect! Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. In 2018, bubble tea made a 3,000 . In 2004, daily beverage consumption of 19- to 30-year-olds averaged 2,610 grams for men and 2,056 grams for women (Table 1). In the United States, 95% of women have tried bubble tea versus 81% of males. Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. To know how our report can help streamline your business, Speak to Analyst, Shift of Consumers toward Black Tea Due to its Health-Imparting Properties Boosts Market's Performance. This was attributed due to rise in the consumption of tea based everages across the world. A. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. 2. Art & Craft. The report was very accurate and as per my requirements. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Consumption declines with age. One cup of tea is assumed to contain 2 grams of tea. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Aug 16, 2022, 1:25 PM SGT. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the demand for healthy hot beverages in the region. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. That means 24 countries have higher consumption rates that are worth targeting. With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. Whats your favorite bubble tea base to start with? The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. Black tea is the most consumed tea around the world. But did you know that there are six different types of bubble tea? Frustrated customers have to remember that the tapioca balls arent just an inexpensive filler; theyre an integral part of what makes bubble tea unique and fun. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. The Tea segment in Australia is projected to grow by 2.61% (2023-2025) resulting in a market volume of US$1.47bn in 2025. . All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. The prevalence of lifestyle disorders such as obesity and diabetes associated with the hectic lifestyle of consumers has nudged them to shift toward healthy drinks, such as ginger tea and boba teas, due to their easy customization. Consumer Shift toward Healthy Alternatives to Favor Growth. The rise in online food delivery (OFD) applications has increased access to a myriad of ready-to-eat options, which may lead to unhealthier food choices. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period, owing to growth innumber of health conscious consumers worldwide. 11. For those looking to cut back on sugar, bubble tea may not be the best choice. Bubble tea got its name from the tapioca balls because when theyre added to the drink and shaken, the balls expand and pop, creating a popping soundor bubbling.. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. +44 208 097 3636. According to the bubble tea market share, based onflavor, the fruit flavor segment was the most prominent segment accounting for the highest share in the bubble tea market, in 2019. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. The research report includes quantitative and qualitative insights into the market. South America is anticipated to grow in terms of sales volume of the products in the coming years. To get the sample of bubble tea market report, click on the link (Please paste the link here). The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Add the ice cubes, and shake so the whole drink can get cold. Interesting Facts. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. SINGAPORE ( THE BUSINESS TIMES) - Bubbling excitement for bubble tea across South-east Asia has helped the industry grow to a whopping US$3.7 billion ($5.1 . Bubble tea is often seen as a sweet, fruity, and more feminine drink in the western world, particularly with its multi-colored straws and cute cartoon packaging designs. Statista. According to the Food and Agriculture Organization (FAO) of the United Nations, Nigeria is the largest exporter of cassava at 21% of the worlds amount. China is a major bubble tea manufacturer. Over of the bubble tea enjoyed around the world is fruit-flavored. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. In addition, as Europe is not highly indulged in tea production and mostly relies on other regions for the supply of tea, it somehow limits the market growth. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. Versatility in flavor, health benefits, and social media trends drive the market. The outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. 7.1% consumed diet drinks daily. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Thailand leads in . The percentage of tea that is consumed which is green tea: 15%. For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. 15. info@pearllemongroup.com. 14. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. The appearance of the finished drink is what led to its name. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Another user, Yilian Fengyue Xian, said she had bought four cups of bubble tea after 76 days of being under lockdown in what she called "revenge bubble tea drinking". The market is anticipated to be valued at US$ 46.0 Mn in 2032. There are many varieties of the drink with a wide range of ingredients. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Green tea. In fact, tea was aboard the First Fleet in 1788. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. With 250 different flavors, it makes sense that there would be different bases to the teas. Read More . Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 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$3.39 billion by 2027. 5. Get in touch with us. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. Need to talk to an expert? Coffee shop. In 2019, the black tea segment accounted for more than half of the share in the total bubble tea market and is expected to grow at a CAGR of 7.50% throughout the forecast period. Asia Pacific is expected to dominate the market during the forecast period. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. As more and more consumers become aware of the negative effects of sugar consumption, the sugar-free or reduced sugar segment of bubble tea is expected to gain popularity. Among participants, 647 (88%) consumed less . What are the key factors driving the market? Request Now ! Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc., Gong Cha, Lollicup USA, Inc., Sumo's (M) SdnBhd, Ten Ren's Tea Time, The Bubble Tea Company, Troika JC. You can find bubble tea in these countries if youre traveling the world: Taiwan, Japan, South Korea, China, United Kingdom, Australia, Canada, United States, Germany, Mauritius, South Africa, Brazil, and more! The bubble tea market was valued at $2.4 billion in 2019 and is estimated to reach $4.3 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. Book your free consultation and let our research experts help you with your needs/problems. US Coffee Statistics. Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions A. The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. 10. 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. Bubble tea truly is an international drink! While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Young people between ages 20 and 29 are interested in bubble tea. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. Toss in the pearl tapioca. By 2025, 70% of spending and 10% of volume consumption in the Tea . An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. 9. Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. Countries such as Vietnam and Taiwan are projected to have the largest sales. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. 1 2 3 8. Bubble milk tea has emerged as a cultural icon for the world and symbolizes Taiwans food innovation to promote its existence amidst the food service industry. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . Data at LGA level is also presented. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. How Much Is the Bubble Tea Industry Worth. The closure of Shanghai . (World Atlas)3.The USA ranks 11th among the countries with the highest caffeine consumption, with a rate of 200 mg per person per day. Tea is one of the most popular beverages consumed worldwide. Moreover, zero fat and low calorie contents of . Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. There are many teas, they can vary in . Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. This bubble tea craze has taken over. More people are discovering and enjoying bubble tea every year, however, so these figures may soon change as people age and continue to enjoy their favorite drink. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. The bubble tea industry is expected to reach $3.39 billion by 2027. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility.
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