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. PDF Global Market Report: Tea - International Institute for Sustainable Who are the leading players in the market? As per the latest report by FMI, the U.S. bubble tea market is expected to register a 12.4% CAGR during the forecast period. Extruding the tapioca into these small balls is difficult work. Today, millennials, zennials, and gen z account for the vast majority of the countrys bubble tea consumption. (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. This was attributed due to rise in the consumption of tea based everages across the world. 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. Boost your students confidence by putting their results next to the public's Quick Facts. 15 Tea Statistics and Facts to Know in 2023: Fascinating Data! 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. Australia . Post- Budget webinar News Updates Live: This year's budget will give The option to customize your bubble tea, availability at most cafes, restaurants, convenience, and grocery stores as well as the variety offered has contributed to the market growth. Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. Changes in consumers tastes and preferences have fostered growth for the bubble tea market over the forecast period. Background: Bubble tea has become enormously popular in China in recent years. 14. China is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019. Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware - 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/bubble-tea-marketFor Sales Enquiries: sales@futuremarketinsights.comBrowse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn|Twitter|Blogs. How much is the global bubble tea market worth? However, the green tea segment is expected to grow at the highest CAGR throughout the forecast period, owing to growth innumber of health conscious consumers worldwide. Bubble tea is extremely high in calories. 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 black tea segment is projected to grow at a significant CAGR during the forecast period, owing to its increased preference by health-conscious consumers across every region. The bubble tea market in Thailand is predicted to register an 8.7% CAGR. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Heycha and Yicha both have similar-sounding names and include refreshing fruit teas as part of their star offerings. Our objective was to assess the nutritional profile of popular menu items available through OFD applications in Bangkok, Thailand. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. 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. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report Nigeria, specifically, has become a hub for cassava production. 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. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. According to the recent report by FMI, based on base ingredient type, the green tea segment is expected to dominate the market over the forecast period. 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. 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. The Mayo Clinic state that up to 400 mg of caffeine a day is probably safe for most healthy adults. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. Premium Statistic Global tea consumption 2012-2025 . 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. Such initiatives further support the immense growth opportunities for the companies. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. 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. 03 Locally called "po po ch," Singapore has sold bubble tea since 1992. 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. A. IJERPH | Free Full-Text | Nutritional Content of Popular Menu Items Methods: Self-report questionnaires were used to assess bubble tea consumption and mental status. Introduced to China in the early 1990s, it quickly became one of the most popular drinks in the nation. The incredible success of bubble tea in China since 1996. 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. That is approximately four cups of brewed coffee, 10 cans of cola or two "energy shot . Tea in Australia - Wikipedia +44 208 097 3636. . 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. Rinse, drain, and refrigerate until chilled. Dietary behaviour, 2020-21 financial year - Australian Bureau of Statistics 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 (%) . 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. To understand the global market potential, growth, and scope, the market is segmented based on base ingredients (black tea, green tea, oolong tea, white tea, others), flavor (original, flavored (nut-flavored, chocolate, fruit, honey, mocha, caramel, vanilla, coconut), sugar content (regular, reduced sugar/sugar-free) format (ready-to-drink, instant mixes), toppings (pearl, grass jelly, coconut jelly, red bean, multiple/ others), distribution channel (direct (B2B), indirect (B2C) (hypermarket/ supermarket, convenience store, grocery retailers, wholesale, other store-based retailing), online retailing), and region. October 26, 2021 13:00 ET | Source: Fortune Business Insights. Alcoholic Tea Market 2023: Research, Analysis, Trends, A. Due to social media, bloggers documenting their bubble tea experience, and other factors, bubble tea stores continue to flourish and expand their offerings in this region. It is made using green tea, white tea, black tea, or oolong tea. Consumer Shift toward Healthy Alternatives to Favor Growth. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Bubble tea consumption statistics - pearllemonboba.com In 2018, bubble tea made a 3,000 . The consumption of organic tea rose by 1.06 million gallons in 2018. 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 bubble tea industry was valued at $2.2 billion in 2019. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. 50 Bubble Tea Facts That You Should Know About Statista. 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. Bubble tea is also known as (Zhen Zhu Nai Cha) directly translates to pearl milk tea, but is also known as boba tea in . With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. All rights reserved. Gapminder Tools When we say that bubble tea is insanely popular, were not joking. The global Bubble Tea Market is expected to $4,368.6 million in 2027. It also offers a detailed analysis of the market size and growth rate for all possible market segments. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 19 Shocking Tea Consumption Statistics - BrandonGaille.com Australians drink tea and have afternoon tea and morning tea much the way the British do. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. Looking forward to work together in the future, It has been a delightful experience working with you guys. The Bubble Tea Club Kit has everything you need to make delicious homemade bubble tea. Asia Pacific is expected to dominate the market during the forecast period. 8. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. If you love bubble tea and are looking for a make your own bubble tea kit, this is the place! Countries in North America are gradually increasing the consumption of this tea owing to the growing popularity of tea-based drinks. More Insights into the Bubble Tea Market Report. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. 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. 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 . According to a recent consumer study, 94% of people between ages 20 and 29 have purchased bubble tea within the last 3 months. Why buy this report? Need to talk to an expert? On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. Press release from: Analytics Market Research. Statista. 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. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. page 1 . If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. It should be no surprise then that sugar is a primary ingredient in the drink. Bubble Tea Popularity Statistics Singapore - Emkan.me 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. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. For instance, in June 2022, Frankly, the first Italian bubble tea chain, witnessed a massive increment of around 148% compared to the previous years via a crowdfunding campaign. Frustrated customers have to remember that the tapioca balls arent just an inexpensive filler; theyre an integral part of what makes bubble tea unique and fun. As a result, other plant-based hot . Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Online retailing is predicted to register an 11.9% CAGR. 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. In addition, as Europe is not highly indulged in tea production and mostly relies on other regions for the supply of tea, it somehow limits the market growth. This bubble tea craze has taken over. 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. 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). Bubble tea can be found on every continent today, except for Antarctica, of course! | Source: The research report includes quantitative and qualitative insights into the market. 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. For instance, in April 2022, U.S. based start-up namely Bubluv Inc. launched tapioca starch and konjac based bubble tea in three flavors, black milk tea with tapioca pearls, matcha soy latte with tapioca pearls, and oolong guava with tapioca pearls. BUBBLE TEA CRAZE in Southeast Asia - mise en place Toss in the pearl tapioca. 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! 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. List of countries by tea consumption per capita - Wikipedia Key players in the global bubble tea market are focusing on releasing novel and unique flavors of bubble tea. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. 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. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. European countries are just starting to understand the bubble tea craze, and with new dessert products in the making, the only way for this industry to go is up. Pearls or boba color varies depending on the additives added to the tapioca and this segment is one of the most trending bubble tea across the world. Were guessing you already know what bubble tea is. 15. With 250 different flavors, it makes sense that there would be different bases to the teas. The growing interest of consumers in innovative beverages with bold flavors and their willingness to experiment with various flavors is captivating the consumers attention, which contributes to fueling the market growth. 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 is considered the second most popular drink of choice worldwide. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. Future Market Insights Global and Consulting Pvt. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. The market is expected to grow annually by 2.61% (CAGR 2023-2025). The report provides a quantitative analysis of the current bubble tea market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities. Revenue in the Tea segment amounts to US$1.40bn in 2023. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . 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 . Black tea is the most consumed tea around the world. Most other Southeastern Asian countries drink three cups monthly on average. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . 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. 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. Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. Sometimes they are blended with ice to give them a more slushy-like consistency. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Bubble tea consumption statistics show that Thais drink six bubble teas per month. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. In 2020-21, of people aged 18 years and over: 6.4% consumed sugar sweetened drinks daily. About | Privacy Policy |Contact | Advertise | Support. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. 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. 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. 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. . Bubble Tea Market Size, Share, Growth Report, 2020-2027 The global market is projected to reach US$ 194.7 Bn by 2032. Future Market Insights Global and Consulting Pvt. Tea is the second most popular drink in the world, with water at first place. This cross-sectional study investigated the association between bubble tea consumption and symptoms of anxiety and depression in a population-based sample. Availability of Other Caffeinated Drinks to Impede Growth. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . Other players operating in the market are Boba Box Limited, Fokus Inc., Sumos Sdn Bhd, Troika J.C. (Qbubble), and Boba Tea Company. Gain competitive intelligence about market leaders; Track key industry trends, opportunities and threats; Inform your marketing, brand, strategy and market development, sales and supply functions Who drinks bubble tea? What statistics can tell us about - Australia Its not just the sugar that gives these drinks their sweetness, though; many restaurants also add sweeteners to them. 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. Required fields are marked *. The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . 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). 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. Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on thePlant Based Marketthat throws light on potential opportunities andinvestments made in the Global plant based market. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! This is a very good piece of work and will be very helpful to us going forward. Strong dependency on Asian countries to source raw materials acts as one of the major restraints in the market. There are six official types of bubble tea. 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. China is a major bubble tea manufacturer. Today, bubble tea consumption in China surpasses that of coffee and many other traditional beverages. This growth is fueled by the perceived health benefits of green tea. Malaysia Coffee & Tea Market Research Reports & Analysis page 1 However, the consumption of tea is not as prominent as the popularity of coffee in South American countries such as Argentina and Brazil. The market is expected to grow at a CAGR of 7.40%, during the forecast period. For instance, in April 2020, a bubble tea company Chatime launched oat milk-based tea such as Chatime Pearl Milk Tea and Grass Jelly Roasted Milk Tea for lactose intolerant consumers. 10. 11.2% of Victorian adults consume sugar sweetened beverages daily. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. Statista. Driven by Elevated Demand for Healthier Drinks; Bubble Tea Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. 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. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. And if you have a sweet tooth, its SO GOOD. All Rights Reserved. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Increasing Inclination of Consumers toward Versatile Teas with Innovative Bold Flavors is a Prominent Trend. Consumption declines with age. 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 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 . Commentary: The curious case of Singapore's devotion to bubble tea Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. One concession owner became popular with her . The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. Deep Vein Thrombosis (DVT) Therapy Market Valuation Worldwide 2023 For instance, in August 2021, according to a study by the Business Times Newspaper, Southeast Asia spent around USD 3.7 billion on launching milk tea and other similar new drinks, owing to the ever-growing demand from youth.
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