The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. A. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. 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. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. Bubble tea can be found on every continent today, except for Antarctica, of course! 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. The current valuation of the market is US$ 2.50 billion in 2022. The research report includes quantitative and qualitative insights into the market. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. The global bubble tea market size was valued at USD 2.17 billion in 2021. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. This means, market totals are not comparable to published data from prior years. Add the ice cubes, and shake so the whole drink can get cold. Moreover, zero fat and low calorie contents of . Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth.
For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. The appearance of the finished drink is what led to its name. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. 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. Join over 60,000 Bubblers (that's what we call our lovely customers!) Tea consumption per capita in the UK is 1.3 kg for 2019. There are 250 different flavors of bubble tea. 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! Press release from: Analytics Market Research. This was attributed due to rise in the consumption of tea based everages across the world. 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. 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. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Each . 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. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. 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.. 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. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets. (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. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. By the toppings segment, pearls are anticipated to grow at a prolific CAGR of 10.3% with more than 35% of the global market share. This bubble tea craze has taken over. According to a study published in the National Library of Medicine, 2022, chewing tapioca pearls can increase the salivary C-protein (CRP) and calcium (Ca) levels.
The global Bubble Tea Market is expected to $4,368.6 million in 2027. The article shared insights on the bubble tea craze in Southeast Asia. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. 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. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. Read More . 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. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. It's the second most-consumed drink in the world, only behind water. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . The report covered all the points and was very detailed. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Bubble milk tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit-flavored, green jasmine, and black tea-based milk tea, across the globe. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. In-depth analysis and the bubble tea market size and segmentation assists in determining the prevailing bubble tea market opportunities. December 17, 2022. Bubble tea is also known as pearl milk tea. Among participants, 647 (88%) consumed less . China is projected to exhibit a 7.5% CAGR. 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. Of the 30 countries that enjoy bubble tea, most are in Asia. Australia . Bubble teas growing appeal to a younger demographic coupled with its popularity as a nootropic beverage will likely supplement the sales of the tea in the market over the forecast period, says an FMI analyst. 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. Statista. 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. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. 02 Each tapioca ball has 5 to 14 calories. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. Which region held the highest share in the market? Future Market Insights Global and Consulting Pvt. 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. +44 208 097 3636. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. A. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! For those looking to cut back on sugar, bubble tea may not be the best choice. 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. Aug 16, 2022, 1:25 PM SGT. In the Philippines alone, orders increased by 3,500 percent from June to December 2018.
One kilogram therefore represents 500 cup equivalents. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. A. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. It looks quite comprehensive and the data is exactly what I was looking for. Consumption declines with age. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. 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 (%) . "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. Young people between ages 20 and 29 are interested in bubble tea. 7. Brands, such as Koi The Co, Moge Tee, and M.A.D. [1] Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Such challenges cumulatively hamper the growth potential of the global market. 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. Since our launch, weve worked on more than 1,000 projects for clients around the world. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Based on bubble tea market forecast, the liquid component was the most prominent segment accounting for the highest share in the bubble tea market. 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. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. . Australians drink tea and have afternoon tea and morning tea much the way the British do. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. And if youre looking for all the facts and figures that back up our claim, you have this blog post. Tea is considered the second most popular drink of choice worldwide. 7.3.9.1. Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea, and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. 14. A. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. 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. 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. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Bubble tea . With 250 different flavors, it makes sense that there would be different bases to the teas. A. Picture via Instagram/yicha_malaysia and myheycha. Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 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. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Background: Bubble tea has become enormously popular in China in recent years. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. It comes with the additional cost of $2500.00 contact sales. 87% of American millennials drink tea, including bubble tea. 5. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. Whats your favorite bubble tea base to start with? How much sugar was consumed? Get in touch with us. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Bubble tea made a rise in popularity in 2018 with a 3000% increase in orders from Southeast Asia. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room To get the sample of bubble tea market report, click on the link (Please paste the link here). The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. By region, North America was the most prominent regional market in 2019. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. According to NCBI, healthy and natural ingredients such as green tea help in preventing weight gain and also in inducing weight loss when consumed regularly. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. A study conducted by the Tea Board of India revealed some interesting consumption patterns among Indian tea drinkers: About 80% tea drinkers in India consume it either with or before breakfast . The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. Moreover, as per researches conducted by different reputed organizations, tea is proven to prevent different type of cancers, lower cholesterol, help boost immunity, facilitate weight loss, and prevent neurological diseases.This indicates that the health benefits associated with bubble tea are anticipated to drive the overall market. 10. Thank you for requesting a call back, our sales representative will get in touch with you shortly! In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Symptoms of . At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? I hope you learned something from it, even if it was that you should lay off the bubble tea because really, you probably have had enough of that stuff by now. Aug 24, 2022 03:14pm. 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). Statista. Adults' total beverage consumption drops steadily with age. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Book your free consultation and let our research experts help you with your needs/problems. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Bubble tea consumption statistics show that Thais drink six bubble teas per month. Brands such as CHATIME and Bubbolitas established their first production units of boba drinks in 2009, and since then, the market has witnessed a growth trajectory. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. Request a Free sample to learn more about this report. The boba tea trend continued to soar in its originating region and later spread its attractiveness in other western countries, such as Canada and the U.K., and is now considered a mainstay due to its unique formulation. When we say that bubble tea is insanely popular, were not joking. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. Besides this, due to its various attributes, such as low-fat and low-calorie content and other several health benefits, such as high antioxidant value, it also boosts the consumption of bubble tea across the domestic and international markets. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. 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. Such initiatives further support the immense growth opportunities for the companies. Essential Facts. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. Ltd.
Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. 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. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. 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. The forecast period in the global bubble tea market report is 2019-2027. 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.
Your email address will not be published. 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. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. The demand for bubble tea is predicted to grow at an impressive rate. 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. Porters five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.