10. Availability of Other Caffeinated Drinks to Impede Growth. https://www.fortunebusinessinsights.com/industry-reports/bubble-tea-market-101564, Yummy Town (Cayman) Holdings Corporation (Happy Lemon) (Taiwan), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Keep reading to discover everything weve uncovered about bubble tea. Bubble tea is known for its sweet taste. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. The global bubble teamarket holds a substantial scope for growthduring the forecast period. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. This growth is fueled by the perceived health benefits of green tea. China is projected to exhibit a 7.5% CAGR. How much sugar was consumed? Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. The data offered to us was exactly what we were looking for. To get the sample of bubble tea market report, click on the link (Please paste the link here). Moreover, zero fat and low calorie contents of . By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Book your free consultation and let our research experts help you with your needs/problems. Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Join over 60,000 Bubblers (that's what we call our lovely customers!) The market is anticipated to be valued at US$ 46.0 Mn in 2032. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Such challenges cumulatively hamper the growth potential of the global market. However, the chocolate flavor segment is expected to witness highest growth, owing to increase in its popularity of in all age groups for all flavored beverages and rise in awareness of health benefits of chocolate among consumers. In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. info@pearllemongroup.com. The global bubble tea market size was valued at USD 2.17 billion in 2021. 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. | Source: Online retailing is predicted to register an 11.9% CAGR. Need to talk to an expert? The forecast period in the global bubble tea market report is 2019-2027. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. The global bubble tea market size was valued at USD 2.17 billion in 2021. This is for a full-sugar serving that contains 60 g of sugar. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. 16. 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. 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. 9. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! 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. Tea is a large part of modern Australian culture due to its British origins. 11. Bubble tea can be found on every continent today, except for Antarctica, of course! 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. 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. 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. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain. Tea is an aromatic beverage derived . Brands, such as Koi The Co, Moge Tee, and M.A.D. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. 8. 11. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. 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 valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. Consumption declines with age. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Fortune Business Insights says that the global market size was USD 2.17 billion in 2021 and is projected to reach USD 3.78 billion by 2029. For instance, in June 2022, Frankly, the first Italian bubble tea chain, witnessed a massive increment of around 148% compared to the previous years via a crowdfunding campaign. 1. 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. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The report covered all the points and was very detailed. 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. The global Bubble Tea Market is expected to $4,368.6 million in 2027. The devotion to bubble tea is so fanatical that in 2020, at the cusp of the circuit breaker, an argument broke out between a food rider and store employees about a hold-up in orders. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. And if youre looking for all the facts and figures that back up our claim, you have this blog post. 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. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. 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. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Clicking on the following button will update the content below. December 17, 2022. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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. Tapioca balls or "pearls" are often added to the concoction as well. 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. 6. It's the second most-consumed drink in the world, only behind water. This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. 11.2% of Victorian adults consume sugar sweetened beverages daily. info@pearllemongroup.com. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. 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. Bubble Tea is a famous non-alcoholic beverage drink that first . Which is the leading segment based on the product type in the market? 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. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. 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. 87% of American millennials drink tea, including bubble tea. Based on the base ingredient, green tea will lead the market growth over the forecast period. The availability of different types of milk tea offers numerous options for consumers to enjoy. By base ingredient, it is divided into black tea, green tea, oolong tea, and white tea. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Coffee shop. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. 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. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. Consumption of sugar sweetened and diet drinks in adults. The research report includes quantitative and qualitative insights into the market. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. 297 billion liters of tea were consumed worldwide in 2021. . The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . 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. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Asia Pacific is expected to dominate the market during the forecast period. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. 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. 01 The first bubble tea came out in the early 1980s. About | Privacy Policy |Contact | Advertise | Support. More Insights into the Bubble Tea Market Report. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. This bubble tea craze has taken over. In the United States, 95% of women have tried bubble tea versus 81% of males. 3. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. 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. 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 . 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. Tartrazine Market Trend: Global tartrazine market is projected to reach a valuation of US$ 120 Mn in 2022, with demand growing at a 7.0% CAGR over the forecast period. Some of the most popular fruit flavors include strawberry, blueberry, green apple, pineapple, passion fruit, mango, lemon, watermelon, grape, peach, cantaloupe, banana, and kiwi among others. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. 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. . Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. 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 (%) . 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 . DUBAI, U.A.E., Aug. 12, 2020 /PRNewswire/ -- The bubble tea market is expected to rise at a year-on-year growth rate of 8% from 2020-2030, opines Future Market Insights in its recent report . For one, there are all of the sweet flavors and fun combinations of ingredients you can get. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. A. Statista. The out-of-home market, also called on-trade market, away-from-home market or HORECA encompasses all sales to hotels, restaurants, catering, cafs, bars and similar hospitality service establishments. Nigeria, specifically, has become a hub for cassava production. Such initiatives further support the immense growth opportunities for the companies. The market is expected to grow at a CAGR of 7.40%, during the forecast period. 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. Premium Statistic Global tea consumption 2012-2025 . Tea stands were set up in front of the schools and would compete for business with the best selling tea. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. 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. Coffee and tea are the most consumed as well as socially accepted nootropic beverages across the world, and many consumers are highly dependent on such caffeinated drinks before starting their day. Read More . The two businesses are known for their zingy fruit tea drinks. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. For those looking to cut back on sugar, bubble tea may not be the best choice. Overall, though tea registered. 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! The 30 Tea Drinkers vs. Coffee Drinkers Statistics. Aug 16, 2022, 1:25 PM SGT. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. 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. Stir until the sugar has dissolved and the milk is well mixed in. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . Looking forward to work together in the future, It has been a delightful experience working with you guys. Add the ice cubes, and shake so the whole drink can get cold. 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. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. 10. An average, medium-sized serving of bubble tea has, on average, 335 calories. Boost your students confidence by putting their results next to the public's Request a Free sample to learn more about this report. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Whats your favorite bubble tea base to start with? USD 1,195. 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. For instance, the base ingredients required for the preparation of black or green tea are exported from India, but due to the imposed regulations, companies were unable to process the demands of the manufacturers. 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 . 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. For example, according to . Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. 5. In 2018, bubble tea made a 3,000 . 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Deep Vein Thrombosis (DVT) Therapy 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue .

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