Sugary drink consumption data This is likely due to its naturally sweet flavor and all of the different varieties of teas that are available. The campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. 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. Bubble Tea Market Size, Share, Growth Report, 2020-2027 Meanwhile, Philippinos drink five cups of this tea per month. Tapioca balls or "pearls" are often added to the concoction as well. Moreover, increase in disposable income and economic growth in advanced & emerging economies support the market growth. The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. 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. This bubble tea craze has taken over. It also revealed that the global bubble tea market size was valued at US$2.02 billion in 2019, and is expected to reach US$3.39 billion by 2027. The report segments the global bubble tea market based on base ingredient, flavors, component, and region. 1 2 3 8. 13. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. Tea industry statistics, analysis, market share, market reports Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Another user, Yilian Fengyue Xian, said she had bought four cups of bubble tea after 76 days of being under lockdown in what she called "revenge bubble tea drinking". Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. Thank you for requesting a call back, our sales representative will get in touch with you shortly! Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Tea is considered the second most popular drink of choice worldwide. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. Tea culture: A transformation is brewing in India - The Statesman The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. The bubble tea industry is expected to reach $3.39 billion by 2027. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. Tea is a beverage made by pouring hot water over cured leaves. This was attributed to rise in the fitness conscious people across the globe. Followed by Asia Pacific, the North America bubble tea market share emerged to be the second-largest and is likely to maintain its position throughout the forecast period. Global Bubble Tea Market - Data Bridge Market Research Industrial Alcohol Market Volume: The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. Revenue in the Tea segment amounts to US$1.40bn in 2023. 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 . Save my name and email in this browser for the next time I comment. For one, there are all of the sweet flavors and fun combinations of ingredients you can get. Essential Facts. 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. Organic Tea Market Size, Share and Growth [2020-2027] Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . Consumption of sugar sweetened and diet drinks in adults. Keep reading to discover everything weve uncovered about bubble tea. 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 (%) . The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. Address Shop 14, 375 William Street, Northbridge, Western Australia, WA, Australia 6003 Phone Number 0434039801 Categories Bubble Tea Shop, Tea Room In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Data at LGA level is also presented. 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. About | Privacy Policy |Contact | Advertise | Support. Availability of Other Caffeinated Drinks to Impede Growth. 297 billion liters of tea were consumed worldwide in 2021. Bubble Tea Market Analysis Report 2023 Along with Statistics Figures S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report 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. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Also, due to the strong dependency on Asian countries to source raw materials, such as tapioca balls, from Taiwan, it hinders the production process and impacts their overall operations. Rinse, drain, and refrigerate until chilled. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. 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. Among participants, 647 (88%) consumed less . Tea in Australia - Wikipedia Beneficial effects of green tea: A literature review - PMC 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. By region, North America was the most prominent regional market in 2019. It comes with the additional cost of $2500.00 contact sales. It also offers a detailed analysis of the market size and growth rate for all possible market segments. Bubble teas distinct flavor, easy product availability, and numerous varieties offered will help the market to flourish. Adults' total beverage consumption drops steadily with age. While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Although there are plenty of bubble tea flavors to choose from, fruit teas tend to be the most popular. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . Its iced or hot black or green tea mixed with chewy tapioca balls that are often flavored. Ready to drink tea products have seen a 15x increase in sales and consumption since 2004. . Toss in the pearl tapioca. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. Consumers are shifting toward natural and organic food and beverage products, which is one of the major factors that would help in the growth of this segment in the market. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person per month. The market is anticipated to be valued at US$ 46.0 Mn in 2032. Tea Statistics | Consumption & 2023 Industry Data - Your Best Digs Tea consumption per capita in the UK is 1.3 kg for 2019. 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. 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. The percentage of tea that is consumed which is green tea: 15%. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Future Market Insights Global and Consulting Pvt. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. 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. By continuing to visit this site you agree to our use of cookies . As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . For example, according to . 16 Bubble Tea Statistics to Calm Your Cravings - Soocial Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Philippines: Tea Market and the Impact of COVID-19 on - market research Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. Brands, such as Koi The Co, Moge Tee, and M.A.D. Tapioca pearls are made from cassava flour, of which Nigeria is the worlds largest exporter (21%). 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. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. 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 . Bubble tea consumption statistics - pearllemonboba.com Bubble tea can be found in over 30 countries. Thailand leads in . Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. 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 . Of the 30 countries that enjoy bubble tea, most are in Asia. Jan 2023. 50 Bubble Tea Facts That You Should Know About 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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. All rights reserved. 2016. 16. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. Stir until the sugar has dissolved and the milk is well mixed in. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. The availability of different types of milk tea offers numerous options for consumers to enjoy. 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. This was attributed due to rise in the consumption of tea based everages across the world. [1] Tea - Australia - Statista - The Statistics Portal for Market Data PDF Global Market Report: Tea - International Institute for Sustainable Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. The global bubble tea market size was valued at USD 2.17 billion in 2021. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. Statista. 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Deep Vein Thrombosis (DVT) Therapy 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue . This, along with the rise in dairy alternatives is fueling market growth of bubble tea in the U.S. China bubble tea market is forecasted to grow at a 7.5% CAGR. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 84% of the tea that is consumed is black tea. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Mn by 2032. 12. In 2016, 19.4 per cent of Tea in Kenya. Due to widespread popularity and prevailing trends as well as the presence of many bubble tea manufacturers in this region, the bubble tea market in China is expected to continue to flourish over the forecast period. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. 12. In theory, the bubble tea pearls could stick together and form rather difficult to pass blobs, especially when other ingredients are making them thicker and sturdier. The market is expected to grow at a CAGR of 7.40%, during the forecast period. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Bubble tea has a milk base and includes ingredients like chewy tapioca balls, or fruit jelly and boba. 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. Black tea is the most consumed tea around the world. 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. During the late 1980s and into the 1990s, bubble tea was only consumed in a select few countries including Taiwan, Hong Kong, China, and Japan. Premium Statistic Global tea consumption 2012-2025 . Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. The price might seem high, but you have to consider everything that goes into making it, which includes: On the surface, bubble tea seems like a simple drink. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the demand for healthy hot beverages in the region. India and Australia will lock horns in the Third Test of the ongoing Border-Gavaskar Trophy at Indore's Holkar Cricket Stadium from March 1 onwards. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. Versatility in flavor, health benefits, and social media trends drive the market. 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. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. 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. It is made using green tea, white tea, black tea, or oolong tea. 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. PDF Demographic Summary - TeaUSA By 2025, 70% of spending and 10% of volume consumption in the Tea segment will be attributable to out-of-home consumption (e.g., in bars and restaurants). Moreover, European and other Scandinavian countries are prominent followers of tea and coffee cultures, and thus are keenly interested in experimenting with new types of fruity flavors, herbal, and pearl milk teas. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. 87% of American millennials drink tea, including bubble tea. Southeast Asians spend US$3.66 billion on bubble tea annually: Study The price per unit in the out-of-home market always references the total price over the amount of tea consumed, regardless of the other components of the finished beverage. 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving info@pearllemongroup.com. 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. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. Commentary: The curious case of Singapore's devotion to bubble tea One kilogram therefore represents 500 cup equivalents. If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. 2023 Allied Market Research. According to the report, bubble tea orders had increased at a whopping 3,000 percent in 2018. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. 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. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. 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. Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Such challenges cumulatively hamper the growth potential of the global market. page 1 . The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. This can be attributed to rise in the popularity of bubble tea with black tea as a base ingredient across the globe. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. Malaysia Coffee & Tea Market Research Reports & Analysis page 1 Synthetic Food Colors Market Outlook: The global synthetic food colors market size is estimated to be valued at US$ 590 Mn in 2022 and is further expected to grow at a CAGR of 6% between 2022 and 2032, surpassing a valuation of US$ 1,066 Mn by the end of 2032. However, the sweeteners segment is expected to witness the highest growth, owing to rise in demand for sweet beverages across the globe. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. 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. Thank you for contacting us, our sales representative will get in touch with you shortly! a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. An average, medium-sized serving of bubble tea has, on average, 335 calories. Virtually any flavor that you can imagine exists with bubble tea. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. 9. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Your email address will not be published. If you have an adventurous palette, we highly recommend trying as many different flavors as you can to find the one that will be your favorite! We dont recommend anyone making it a daily indulgence. Bubble tea is extremely high in calories. In 2018, bubble tea made a 3,000 . Additionally, they can be ordered with fruit or boba, both of which are high in added sugar.