The data offered to us was exactly what we were looking for. December 17, 2022. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. According to a recent CLSA survey of consumers, 94% of those aged between 20 and 29 bought boba tea in the last three months, reported Bloomberg (June 24). Such initiatives further support the immense growth opportunities for the companies. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. Required fields are marked *. It is made using green tea, white tea, black tea, or oolong tea. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. Bubble tea is also known as pearl milk tea. 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. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. 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. 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. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. . In 2018, bubble tea made a 3,000 . 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. 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 . 11. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. Tapioca balls or "pearls" are often added to the concoction as well. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. These organizations are focusing on product innovation and targeting the millennial consumer as the group is known for its willingness to experiment with new flavors. Meanwhile, Philippinos drink five cups of this tea per month. (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. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. Against this backdrop, the market valuation is projected to reach US$ 245 Mn by 2032. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. 8. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. The 30 Tea Drinkers vs. Coffee Drinkers Statistics. Essential Facts. Victorian Government, Department of Health and Human Services. At the end of the day, its not much worse than an occasional soda would be for the average person, but its important to remember to only have bubble tea once in a while. 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. page 1 . 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. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. Tea is a large part of modern Australian culture due to its British origins. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Bubble tea is extremely high in calories. Among participants, 647 (88%) consumed less . Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. This was attributed due to rise in the consumption of tea based everages across the world. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Who are the leading players in the market? However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. A. . Read More . info@pearllemongroup.com. Start reading instantly ,This Report and over 19,845+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. 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. Data at LGA level is also presented. Bubble Tea Market Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. | Source: 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). Most bubble tea recipes contain a tea base mixed with fruit or milk, to which chewy tapioca balls (known as bubbles, pearls, or boba) and fruit jelly are often added. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and other similar new drinks, owing to the ever-growing demand from youth. 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. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. That number increases when you go up in size to 469 calories and only gets worse as you add in more toppings or extra flavors. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Based on the base ingredient, green tea will lead the market growth over the forecast period. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Additionally, they can be ordered with fruit or boba, both of which are high in added sugar. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! 1. A. Published. Stir until the sugar has dissolved and the milk is well mixed in. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United In 2016, 19.4 per cent of The data says that for every additional 1% of expats living in a postcode, we should expect the probability of a bubble tea shop in that postcode to increase by 0.0091 from a baseline of -0.2089. The Asia Pacific market held the largest share and was valued at USD 0.90 billion in 2021. 16. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. 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. 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 The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. 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. 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. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . Mineral Premix Market Demand: The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032). The 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 typically sells for about $3 to $5 for a 16- to 20-ounce serving. Bubble tea consumption statistics show that Thais drink six bubble teas per month. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. A. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. A. Keep reading to discover everything weve uncovered about bubble tea. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. We are happy to help. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global bubble tea market is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. The global market is projected to reach US$ 194.7 Bn by 2032. Add the ice cubes, and shake so the whole drink can get cold. Get in touch with us. The research report includes quantitative and qualitative insights into the market. Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. drinking tea; and the expansion of new products and flavourings, such as ready-to-drink tea, premium tea, and herbal and fruit fusions.15-19 In addition, demand for green tea is expected to outpace demand for black tea.4,12,19 The considerable expansion of sustainable tea products is also worth noting. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . 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. 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. Aug 16, 2022, 1:25 PM SGT. 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. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. July 26, 2022 10:30 ET Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . Background: Bubble tea has become enormously popular in China in recent years. Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. The emerging players in the Bubble Tea Market are Bubble Tea Supply Inc., ChaTime, CoCo Fresh, Quickly, Kung Fu Tea, Boba Loca, Happylemon, Share Tea, T Bun International, Fanale Drinks, Grand Chainly, and Huey-Yuhe Enterprise. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Revenue in the Tea segment amounts to US$1.40bn in 2023. Lycopene Food Colors Market Growth: The overall demand for lycopene food colors is slated to grow at a prolific CAGR of 10.7% during the forecast 2022-2032, totaling US$ 257 Mn by 2032. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. 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. Consumption declines with age. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Theory seemed to meet reality . The percentage of tea that is consumed which is green tea: 15%. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. The forecast period in the global bubble tea market report is 2019-2027. Find your information in our database containing over 20,000 reports, Consumer Market Request a Free sample to learn more about this report. Girls and women are the primary demographic among bubble tea drinkers, with 95% having tried it. This beverage has undergone a few waves of popularity in Singapore. This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. One concession owner became popular with her . The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. By 2025, 70% of spending and 10% of volume consumption in the Tea segment will be attributable to out-of-home consumption (e.g., in bars and restaurants). 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. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. 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. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. China is a major bubble tea manufacturer. Coffee shop. Tea, from the plant Camellia sinensis, is consumed in different parts of the world as green, black, or Oolong tea.Among all of these, however, the most significant effects on human health have been observed with the consumption of green tea [].The first green tea was exported from India to Japan during the 17th century. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. This can be attributed to change in preference of consumers toward healthy beverages and better taste. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. There are many varieties of the drink with a wide range of ingredients. All rights reserved. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key An average, medium-sized serving of bubble tea has, on average, 335 calories. +44 208 097 3636. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. 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.. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. 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. 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 . Consumer Shift toward Healthy Alternatives to Favor Growth. 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! What may surprise you though is the amount of sugar! On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. 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. In the next five years, the bubble tea industry is expected to grow by nearly 54%. The demand for bubble tea is predicted to grow at an impressive rate. 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. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. South America is anticipated to grow in terms of sales volume of the products in the coming years. By region, North America was the most prominent regional market in 2019. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. There are many teas, they can vary in . This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room Consumption of sugar sweetened and diet drinks in adults. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. 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. Statista. 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 . 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. The bubble tea industry is expected to reach $3.39 billion by 2027. 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. 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. Thanks for sticking with me in this huge post. 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. 2016. 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.
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