. This is a very good piece of work and will be very helpful to us going forward. 1 2 3 8. 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. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . 2. By continuing to visit this site you agree to our use of cookies . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Until 2025, the tea market in Philippines is forecast to reach 109.79 million USD (in retail prices), thus increasing at a CAGR of 6.70% per annum for the period 2020-2025. 11. Tea is considered the second most popular drink of choice worldwide. It is made using green tea, white tea, black tea, or oolong tea. | Source: Stir until the sugar has dissolved and the milk is well mixed in. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. Remarkable job and great efforts by your research team. 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. Australia . 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. 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. This was attributed to rise in the fitness conscious people across the globe. 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. 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. 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. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. Virtually any flavor that you can imagine exists with bubble tea. Bubble Tea Market size was estimated at $2.1 billion in 2020, projected to increase at a CAGR of 6.8% during the forecast period 2021-2026. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Revenue in the Tea segment amounts to US$1.40bn in 2023. A. Nigeria, specifically, has become a hub for cassava production. 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. 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. 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. 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 . The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. Find the most up-to-date statistics and facts on the tea market in Canada. 12. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. And if you have a sweet tooth, its SO GOOD. Singapore market is forecasted to grow at a CAGR of 10.7%. Bobabox Limited, Bubble Tea House Company, Cuppotee, Fokus Inc., Gong Cha, Lollicup USA, Inc., Sumo's (M) SdnBhd, Ten Ren's Tea Time, The Bubble Tea Company, Troika JC. Coffee shop. 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 Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Tea in Kenya. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Essential Facts. 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 . 13. A. Tea is one of the most popular beverages consumed worldwide. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Save my name and email in this browser for the next time I comment. One cup of tea is assumed to contain 2 grams of tea. According to the Indian Tea Association 2020, tea price has risen by 25%-40% on an average due to lockdown in the tea growing regions, leading to a drop in crop size along with disruptions in transportation and logistics. 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. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. 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 . Versatility in flavor, health benefits, and social media trends drive the market. When you look at the marketing for bubble tea, the numbers make sense. Who are the leading players in the market? Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Add the ice cubes, and shake so the whole drink can get cold. Get in touch with us. Statista. What may surprise you though is the amount of sugar! 10. Which is the leading segment based on the product type in the market? By region, North America was the most prominent regional market in 2019. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. 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. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. 8. Meanwhile, Philippinos drink five cups of this tea per month. 5. 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). This means, market totals are not comparable to published data from prior years. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). Data at LGA level is also presented. CXOs from the leading companies perceive that product innovation, development of newer flavor, and use of organic preservatives & color in the manufacturing process are the major areas of growth for the bubble tea market. Rising Raw Material and Transportation Cost Due to the Pandemic to Slow Down the Market Growth. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. page 1 . Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. 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. The forecast period in the global bubble tea market report is 2019-2027. 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). Bubble tea can be found on every continent today, except for Antarctica, of course! The market is expected to grow annually by 2.61% (CAGR 2023-2025). Companies covered in bubble tea market report are ChaTime, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happylemon, Lollicup USA, Inc . Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. Keep reading to discover everything weve uncovered about bubble tea. Bubble tea consumption statistics show that Thais drink six bubble teas per month. 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 . Interesting Facts. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. 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. 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. Statista. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! 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. 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. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. +44 208 097 3636. 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. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . FB : Beverages| Pages: 261 | Author(s) : Vaibhav S , Roshan D, Single User License, Five User License & Enterprise User License. According to the CXOs, Europe is projected to register significant growth as compared to Asia-Pacific and North America due to rapid urbanization, rise in consumption of healthy beverages, and low price of bubble tea. The current valuation of the market is US$ 2.50 billion in 2022. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. Art & Craft. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Young people between ages 20 and 29 are interested in bubble tea. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. 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. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. When we say that bubble tea is insanely popular, were not joking. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. Pearl Lemon Boba Unit 4 Building, 250 North End Rd, London SW6 1NJ, United Kingdom. China is projected to exhibit a 7.5% CAGR. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. One concession owner became popular with her . 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. Among various flavors, fruit flavor is more popular, and this segment dominated the market in 2019. 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. 02 Each tapioca ball has 5 to 14 calories. 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. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. 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. 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. This beverage has undergone a few waves of popularity in Singapore. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Although people of all ages frequently enjoy bubble teas across the globe, younger people tend to drink them more frequently. 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. 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. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. In 2019, tea revenue globally is about US$214,761m and is expected to grow each year by 6.9% until 2023. Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? Bubble Tea Consumption Statistics (2017-2021) Vs Market Estimations (2022-2032) During 2017-2021, the global bubble tea target market expanded at a value CAGR of 6.3%.. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Each . In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. 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. Online retailing is predicted to register an 11.9% CAGR. Read More . This is for a full-sugar serving that contains 60 g of sugar. Request Now ! The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Bubble tea truly is an international drink! For those looking to cut back on sugar, bubble tea may not be the best choice. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. The percentage of tea that is consumed which is green tea: 15%. 01 The first bubble tea came out in the early 1980s. Bubble tea is extremely high in calories. 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. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Resistant Starch Market Size: The resistant starch market is valued at US$ 10.5 Bn in 2022 and is projected to grow at a CAGR of 6.6% during the forecast period, to reach a valuation of US$ 19.9 Bn by 2032. December 17, 2022. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. info@pearllemongroup.com. The closure of Shanghai . Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. Request a Free sample to learn more about this report. Tea consumption per capita in the UK is 1.3 kg for 2019. 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. The value of its market is estimated to be $5.2 billion. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. 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. Tea is a large part of modern Australian culture due to its British origins. Premium Statistic Global tea consumption 2012-2025 . Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. It slowly spread throughout Asia before gaining popularity in the U.S. and across the globe. There was a 3,000% increase in the amount of bubble tea orders in Southeast Asia in 2018. 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. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. 11. 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. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. Moreover, based on the study by the finance-based startup, Momentum Works and payment startup, Qlub, Indonesias bubble milk tea market ranked first among all the Southeast Asian countries. 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. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. 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. To get the sample of bubble tea market report, click on the link (Please paste the link here). Australia: 0.75 kg (1.65 lb) 17 Future Market Insights Global and Consulting Pvt. Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 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). 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. About | Privacy Policy |Contact | Advertise | Support. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. 10. Your email address will not be published. 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. Bubble tea is often seen as a sweet, fruity, and more feminine drink in the western world, particularly with its multi-colored straws and cute cartoon packaging designs. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. 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. 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. We dont recommend anyone making it a daily indulgence. All Rights Reserved. 9. 9. This bubble tea craze has taken over. 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. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. 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. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). Tea is an aromatic beverage derived . All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. A. 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. July 26, 2022 10:30 ET 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. 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. In 2018, bubble tea made a 3,000 . Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. We use cookies to enhance your experience. Need to talk to an expert? 87% of American millennials drink tea, including bubble tea. 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. In fact, tea was aboard the First Fleet in 1788. A. Modern Asian Desserts, expanded its business in the country by introducing various boba milk tea outlets.
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