The report was very accurate and as per my requirements. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Availability of Other Caffeinated Drinks to Impede Growth. We use cookies to enhance your experience. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market. India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. Bubble tea first appeared in Thailand ten years ago, but since has gone out of market trend, staged a strong comeback, and established itself in the region. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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). The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. 1. Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. A. Global Bubble Tea Market - Data Bridge Market Research 16. 16 Bubble Tea Statistics to Calm Your Cravings - Soocial 87% of American millennials drink tea, including bubble tea. 3. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. Tea is an aromatic beverage derived . Ltd. https://www.futuremarketinsights.com/reports/sample/rep-gb-12310, https://www.futuremarketinsights.com/customization-available/rep-gb-12310, https://www.futuremarketinsights.com/checkout/12310, https://www.futuremarketinsights.com/ask-question/rep-gb-12310, https://www.futuremarketinsights.com/reports/bubble-tea-market, https://www.futuremarketinsights.com/reports, Ready to Drink Shakes Market Outlook (2022-2032). The other players operating in the global bubble tea market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, BobaLoca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. Gong Cha, Kung Fu Tea, Lollicup USA, Tiger Sugar, Sharetea, Boba Guys, Tapioca Express, Cha Time, Ten Rens Tea Time, YiFang Bubble Tea, CoCo Fresh Tea & Juice, DaBoba, Happy Lemon, Quickly, Cojiitii, and others are some of the manufacturers of bubble tea profiled in the full version of the report. Bubble Tea History In 2016, 19.4 per cent of This is for a full-sugar serving that contains 60 g of sugar. Pour into a glass, and add tapioca. Tea decreased 0.14 USD/Kgs or 4.95% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Singapore market is forecasted to grow at a CAGR of 10.7%. But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. The percentage of tea that is consumed which is green tea: 15%. Bubble Tea Market Size, Industry Trends | Analysis Report, 2029 It comes with the additional cost of $2500.00 contact sales. Add the ice cubes, and shake so the whole drink can get cold. 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 . Market size and forecast, by Flavor, 2020-2028 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. 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 segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. 9. Thanks for sticking with me in this huge post. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. Choice Reviews Reveal Australian Tea Trends | World Tea News https://www.grandviewresearch.com/industry-analysis/bubble-tea-market, https://foodinstitute.com/focus/survey-millennials-gen-z-big-fans-of-bubble-tea/, https://youthinsight.com.au/brands/more-girls-aware-of-bubble-tea-than-boys/, https://www.cnn.com/travel/article/taiwan-bubble-tea-origins/index.html, https://www.duluthnewstribune.com/8-things-you-might-not-know-about-bubble-tea-and-other-unexpected-holidays-this-week, https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, https://www.organicfacts.net/health-benefits/herbs-and-spices/bubble-tea.html, https://chinamarketadvisor.com/what-is-boba-and-why-is-it-so-popular/, https://theaseanpost.com/article/southeast-asias-bubble-tea-craze, https://www.worldteanews.com/Insights/millennials-and-gen-z-drive-21st-century-tea-preferences, https://www.honestfoodtalks.com/bubble-tea-flavors-boba-toppings/, https://www.healthline.com/nutrition/boba-cancer, https://mtalvernia.sg/education/whats-in-my-bubble-tea/, Tea thats infused with milk or another liquid, Artificial sweetener like stevia or sugar (more on this below), Special straws designed to make the best bubbles possible. 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! Organic Tea Market Size, Share and Growth [2020-2027] This bubble tea craze has taken over. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . 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. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. Aug 24, 2022 03:14pm. Filipinos rank second highest bubble tea drinkers in Southeast Asia US Coffee Statistics. 11.2% of Victorian adults consume sugar sweetened beverages daily. Bubble Tea Popularity Statistics Singapore - Emkan.me The specialty of milk tea is growing due to its ease of customization with various tea bases and toppings such as jellies, fruit bits, syrups, and tapioca balls. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. 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. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. 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. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Nevertheless, manufacturers are trying to introduce new beverage options, such as bubble milk tea, in the market. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! One such brand riding that success locally is Chatime, a Taiwanese-founded bubble tea business which chose Australia as its first-ever Western market almost 10 years ago in 2009. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Your email address will not be published. The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. The article shared insights on the bubble tea craze in Southeast Asia. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 This was attributed to rise in the fitness conscious people across the globe. PDF Demographic Summary - TeaUSA Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 590 Mn in 2022 and is further expected to grow at a CAGR of 6% between 2022 and 2032, surpassing a valuation of US$ 1,066 Mn by the end of 2032. There are 250 different flavors of bubble tea. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. But did you know that there are six different types of bubble tea? Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. Bubble Tea Market Analysis, Growth & Forecast 2027 | Major Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. China is projected to exhibit a 7.5% CAGR. For example, according to . 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. Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. (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. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Dietary behaviour, 2020-21 financial year - Australian Bureau of Statistics Nigeria, specifically, has become a hub for cassava production. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. The market is expected to grow annually by 2.61% (CAGR 2023-2025). At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Now, there are bubble tea shops everywhere, and many companies have started to offer other bubble tea treats in the form of desserts to expand the marketplace. 2. Furthermore, the shift of millennials toward such products owing to their demand for superior quality tea varieties with unique flavor offerings has aided in the growth. In addition, due to the presence of artificial preservatives in bubble tea, consumers are changing their preference toward organic beverages, which hampers the growth of the global bubble tea market. This growth is fueled by the perceived health benefits of green tea. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. 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. Your email address will not be published. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . China is a major bubble tea manufacturer. Boost your students confidence by putting their results next to the public's Bubble tea is also known as pearl milk tea. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Future Market Insights Global and Consulting Pvt. It should be no surprise then that sugar is a primary ingredient in the drink. 02 Each tapioca ball has 5 to 14 calories. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. 6. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Statista. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. BUBBLE TEA CRAZE in Southeast Asia - mise en place How Much Is the Bubble Tea Industry Worth. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. An average, medium-sized serving of bubble tea has, on average, 335 calories. Required fields are marked *. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Table 1 shows the frequency of bubble tea consumption, and the prevalence of symptoms of depression and anxiety according to the covariates age, gender, sociodemographic and lifestyle factors. We are happy to help. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Green tea. On the contrary, introduction of various new flavors and blends and high demand among young population for a variety of teas are expected to provide lucrative opportunities for the market expansion.The bubble tea market has been segmented on the basis of on base ingredient, flavors, component, and region. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Very Popular Bubble Tea - Allrecipes July 26, 2022 10:30 ET Cook for about 20 minutes. Tea industry statistics, analysis, market share, market reports Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. 15. 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. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. Blog - Pearl Lemon Boba | All About Bubble Tea Malaysia Coffee & Tea Market Research Reports & Analysis page 1 Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. Overall, though tea registered. The key players alsorelyon product launch to improve their product portfolio and stay relevant in the global market.The key players profiled in thereport include 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, and Troika JC. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. This beverage has undergone a few waves of popularity in Singapore. Bubble tea consumption statistics - pearllemonboba.com Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Table I : Prevalence1 of Bubble Tea Consumption among Students in University of Cyberjaya according to Sociodemographic Descriptions Sociodemographic description Bubble tea consumption Consume, n (%) Do not consume, n (%) Total, n (%) . Black tea is the most consumed tea around the world. During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. This can be attributed to change in preference of consumers toward healthy beverages and better taste. Followed by Asia Pacific, the North America bubble tea market share emerged to be the second-largest and is likely to maintain its position throughout the forecast period. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Jan 2023. 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, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Worldwide Tea Statistics. By 2025, 70% of spending and 10% of volume consumption in the Tea . According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Background: Bubble tea, also known as boba or boba milk tea, has exploded in popularity in recent years, with the global boba market projected to reach 3.39 billion USD by the end of 2027. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. Bubble Tea is a famous non-alcoholic beverage drink that first . A. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Healthy Drinking to Spur Bubble Tea Market Demand through 2030, Future Thank you for contacting us, our sales representative will get in touch with you shortly! Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. We dont recommend anyone making it a daily indulgence. Thailand leads in . Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . It looks quite comprehensive and the data is exactly what I was looking for. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Virtually any flavor that you can imagine exists with bubble tea. . We are happy with the professionalism of your in-house research team as well as the quality of your research reports. 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving This was attributed due to rise in the consumption of tea based everages across the world. Kenya is one of the main global tea exporters and as a result, it is no surprise that Kenyans love their tea, in particular black tea, though in 2022, fruit/herbal tea registered the highest current value growth. FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. Tea in Australia | Market Research Report | Euromonitor Tea is considered the second most popular drink of choice worldwide. 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. Bubble tea can be found on every continent today, except for Antarctica, of course! Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. We calculate that for a 700 ml or 24 oz serving of bubble milk tea, which is usually the large cup size in most boba shops, the total bubble tea calories are 700 kcal. Ltd. 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 of 2021-2031. 2023 Allied Market Research. Coffee shop. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. In its latest report, FMI offers an unbiased analysis of the global bubble tea, providing historical data from 2016 to 2020 and forecast statistics for the period 2021-to 2031. 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 is drunk by millions of people around the world every single day, even in countries that you might not expect! Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Rohit Sharma hints at using green pitch in 4th Test against Australia 84% of the tea that is consumed is black tea. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink!
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