Graph. In 2018, bubble tea made a 3,000 . Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . 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. 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. 02 Each tapioca ball has 5 to 14 calories. Find your information in our database containing over 20,000 reports, Consumer Market 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. US Coffee Statistics. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. In the Philippines alone, orders increased by 3,500 percent from June to December 2018. One concession owner became popular with her . This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 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. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. 1 2 3 8. But did you know that there are six different types of bubble tea? Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. That means 24 countries have higher consumption rates that are worth targeting. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . The price for bubble tea depends on where you get it. 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. 12. Consumption declines with age. Bubble tea is a drink made from tea (usually black tea), milk, syrup, and a special ingredient that captivates the hearts of Chinese people: tapioca pearls. China is projected to exhibit a 7.5% CAGR. China is a major bubble tea manufacturer. 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. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. This is for a full-sugar serving that contains 60 g of sugar. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. Since our launch, weve worked on more than 1,000 projects for clients around the world. 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. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. 10. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. Moreover, zero fat and low calorie contents of . 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. 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. 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%.. The report covered all the points and was very detailed. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. There are 250 different flavors of bubble tea. Australians drink tea and have afternoon tea and morning tea much the way the British do. 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. Jan 2023. 9. The bubble tea market in Singapore has a long history and is expected to exhibit a prosperous future with a CAGR of 10.7% over the forecast period. It looks quite comprehensive and the data is exactly what I was looking for. Remarkable job and great efforts by your research team. 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. Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, regulatory scenario in critical countries, and key bubble tea industry trends. Essential Facts. We dont recommend anyone making it a daily indulgence. Overall, though tea registered. And if youre looking for all the facts and figures that back up our claim, you have this blog post. 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. . +44 208 097 3636. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. 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. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. info@pearllemongroup.com. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. 01 The first bubble tea came out in the early 1980s. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. 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. page 1 . Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. 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. 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. 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. 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. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. All Rights Reserved. 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 . This beverage has undergone a few waves of popularity in Singapore. 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. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. Interesting Facts. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Tea consumption per capita in the UK is 1.3 kg for 2019. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). 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. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. 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. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. 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. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. 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 . Statista. A. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Your email address will not be published. Clicking on the following button will update the content below. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. The adoption of bubble tea has been quite high in mature regions such as the U.S., Canada, and Germany while emerging countries such as China, Brazil, and India are catching up quickly. Followed by Asia Pacific, the North America bubble tea market share emerged to be the second-largest and is likely to maintain its position throughout the forecast period. The rise in online food delivery (OFD) applications has increased access to a myriad of ready-to-eat options, which may lead to unhealthier food choices. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 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. 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. Required fields are marked *. The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. 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. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! Tea in Kenya. 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. 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. Brands, such as Koi The Co, Moge Tee, and M.A.D. October 26, 2021 13:00 ET | Source: Fortune Business Insights. Most other Southeastern Asian countries drink three cups monthly on average. 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. 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. Background: Bubble tea has become enormously popular in China in recent years. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. A. 10. 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 $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . Moreover, the availability of suitable alternatives, such as unsweetened tea, coconut water, fruit-infused teas, and others, offering similar benefits, hamper the global market growth. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. Coffee shop. Increased demand for bubble tea has been fuelled by pearl milk tea, which is becoming increasingly popular as one of the healthier alternatives to carbonated beverages. Among participants, 647 (88%) consumed less . Bubble milk tea has emerged as one of Gen Zs trademarks as its consumption is highly witnessed by the young generation as compared to any other age group. But the most important thing to love is that its a beverage category that has grown by leaps and bounds over the past ten years or so, with seemingly no end in sight. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. Revenue in the Tea segment amounts to US$1.40bn in 2023. 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 2018, there were over 450,000 shops selling bubble tea in China. 1. We are happy to help. The forecast period in the global bubble tea market report is 2019-2027. Request Now ! Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Bubble tea typically sells for about $3 to $5 for a 16- to 20-ounce serving. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. 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. Australia: 0.75 kg (1.65 lb) 17 It comes with the additional cost of $2500.00 contact sales. It looks like the bubble tea craze isn't going anywhere soonat least, according to GrabFood data that states bubble tea orders in Southeast Asia saw a 3,000 percent growth rate in 2018. Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. SINGAPORE ( THE BUSINESS TIMES) - Bubbling excitement for bubble tea across South-east Asia has helped the industry grow to a whopping US$3.7 billion ($5.1 . 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. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. A. The Asia Pacific bubble tea market is expected to flourish with multiple market opportunities. Bubble tea . Furthermore, there has been an increase in boba stores in the U.S. and Canada, owing to the shift in consumer preferences toward no andlow-alcohol beverages, which has further contributed to the market growth. 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. 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 average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Meanwhile, Philippinos drink five cups of this tea per month. The green tea segment was the highest contributor to the market, with $16,362 million in 2019, and is estimated to reach $26,110 million by 2027, at a CAGR of 9.8% during the forecast period. In 2004, daily beverage consumption of 19- to 30-year-olds averaged 2,610 grams for men and 2,056 grams for women (Table 1). 16. Read More . It is made using green tea, white tea, black tea, or oolong tea. Just over half (52%) of all free sugars consumed were from beverages, led by soft drinks, sports and energy drinks (19%), fruit juice and fruit drinks (13%), with the sugar added to beverages such as tea and coffee contributing 7.3% and . Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. Fruit-flavored bubble teas account for the largest percentage of bubble tea consumed at 37%. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Insights. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. The appearance of the finished drink is what led to its name. Book your free consultation and let our research experts help you with your needs/problems. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. The global market is projected to reach US$ 194.7 Bn by 2032. 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. Such challenges cumulatively hamper the growth potential of the global market. This segment is expected to grow significantly throughout the forecast period due to its high nutritional value as compared to other flavors, high popularity of tea-based fruity beverages, and high consumer preference. 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 . Nigeria, specifically, has become a hub for cassava production. South America is anticipated to grow in terms of sales volume of the products in the coming years. Market size and forecast, by Flavor, 2020-2028 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. Tapioca balls or "pearls" are often added to the concoction as well. USD 1,195. Thank you for requesting a call back, our sales representative will get in touch with you shortly! 5. A. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. 13. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Bubble tea consumption statistics show that Thais drink six bubble teas per month. Manufacturers are capitalizing on improving the functionality of boba drinks ingredients to cater to the rising demand from consumers. 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.
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