Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. There are six official types of bubble tea. The bright colors and availability of sweet and fruity flavors especially appeal to children . Consumer Shift toward Healthy Alternatives to Favor Growth. 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. 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 Outlook (2022-2032) [324 Pages Report] The global bubble tea market is projected to have a rapid-paced CAGR of 8.8% during the forecast period. 12. 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. The demand for bubble tea is predicted to grow at an impressive rate. Thanks for sticking with me in this huge post. 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 . Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. There are 250 different flavors of bubble tea. Asia Pacific is expected to dominate the market during the forecast period. Young people between ages 20 and 29 are interested in bubble tea. 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. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. 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. 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. Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. (2.Americans rank 25th for coffee consumption per capita, with an average consumption of 4.2 kg per person per year. By the toppings segment, pearls are anticipated to grow at a prolific CAGR of 10.3% with more than 35% of the global market share. | Source: The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. 02 Each tapioca ball has 5 to 14 calories. From Farmer Welfare and Supply Chain to the Latest Trends, Tea Experts Share Insights. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Whether youre feeling something sweet, fruity, and refreshing, something soothing and tea-like, or a slushy smoothie like-drink, bubble tea has you covered. It also offers a detailed analysis of the market size and growth rate for all possible market segments. The chocolate segment is projected to have the fastest growth in the coming years due to increasing demand for chocolate-based drinks from every age group. It comes with the additional cost of $2500.00 contact sales. Over 95% of females in the united states have tried bubble tea, while 81% of males . Additionally, due to Australia's climate, tea is able to be grown and produced in northern Australia. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. Chewy tapioca balls or different flavored jellies are then added to give bubble tea the fun, chewy texture that it is known for! Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. At what CAGR is the bubble tea market projected to grow in the forecast period (2022-2029)? 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. With bubble teas sudden increase in popularity, it should be no surprise that the industry is only expected to keep growing. 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. 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. Thailand leads in . Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. 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 . What may surprise you though is the amount of sugar! Tea is one of the most popular beverages consumed worldwide. 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. 11. Aug 16, 2022, 1:25 PM SGT. BBT Club is Australia's leading DIY bubble tea company for anywhere and anytime. 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. The value of its market is estimated to be $5.2 billion. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. Meanwhile, Philippinos drink five cups of this tea per month. You can find bubble tea in these countries if youre traveling the world: Taiwan, Japan, South Korea, China, United Kingdom, Australia, Canada, United States, Germany, Mauritius, South Africa, Brazil, and more! 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. Bubble tea has been gaining traction in emerging markets, owing to rise in its popularity.Furthermore, growth in health consciousness and increase in adoption of healthy beverages such as green tea, black tea, oolong tea, and white tea among consumers drive the market growth. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. 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 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. The incredible success of bubble tea in China since 1996. Required fields are marked *. 6. 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. We dont recommend anyone making it a daily indulgence. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . This is far higher than the cost of a similar amount of milk or juice, but the high price does not seem to deter people from making it their go-to beverage. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. A. The region is witnessing a cross-cultural food consumption trend, and the growing health and wellness approach is also expected to boost the growth. All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. 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. 11.2% of Victorian adults consume sugar sweetened beverages daily. USD 1,195. How Much Is the Bubble Tea Industry Worth. December 17, 2022. Consumption of black tea is highly promoted due to its strong antioxidant, anti-aging, and anti-diabetic properties. Grab also reported that on average, Southeast Asians drink an average of four cups of pearl milk tea per person 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. Bubble tea . But did you know that there are six different types of bubble tea? Let's assume that the daily maintenance calories for an average adult man are 2,500 kcal, and for an average adult . A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . 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. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. 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 . 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. 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. 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. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. In 2016, 19.4 per cent of China is projected to exhibit a 7.5% CAGR. Pour into a glass, and add tapioca. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. 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. info@pearllemongroup.com. Studies showed that green tea-based milk tea is proven to be beneficial for lowering blood pressure and the risk of cancer. 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.. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. Statista. On the basis of flavor, it is categorized into original flavor, coffee flavor, fruit flavor, chocolate flavor, and others. For instance, Nextrends Asia 2021 displayed a surge in Taiwans exports of pearl milk teas base ingredients (raw materials, packaging and machinery, and others) which was an increment of 330% as compared to 2018. 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. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Ready-to-Drink variants are instead aggregated into the segment Ready-to-Drink (RTD) Tea in the Non-Alcoholic Drinks market. 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. Originally created in Taiwan in the 1980s, bubble tea has quickly exploded in popularity. 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. Followed by black tea, the green tea segment is expected to hold a major percentage of the market share. 84% of the tea that is consumed is black tea. Brands, such as Koi The Co, Moge Tee, and M.A.D. The forecast period in the global bubble tea market report is 2019-2027. With 250 different flavors, it makes sense that there would be different bases to the teas. Consumption of sugar sweetened and diet drinks in adults. That means 24 countries have higher consumption rates that are worth targeting. 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. This growth is fueled by the perceived health benefits of green tea. (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. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. 1. Request Now ! The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. 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. 04 For a short time in 2012, all 800 branches of McDonalds in Germany sold bubble tea. 7.1% consumed diet drinks daily. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . 1.In 2019, 64% of Americans aged 18 and over drank coffee every day. page 1 . Statista. 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. Online retailing is predicted to register an 11.9% CAGR. Health Benefits Associated with Bubble Tea Consumption to Drive the Market Growth . If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. (Caffeine Informer) This bubble tea craze has taken over. 2016. 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. Were guessing you already know what bubble tea is. Bubble tea is extremely high in calories. Unilever (Lipton), Associated British Foods (Twinings) and Tata Global Beverages (Tetley) are globally the most important players by revenue. I hope you learned something from it, even if it was that you should lay off the bubble tea because really, you probably have had enough of that stuff by now. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. 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. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. How much sugar was consumed? Add the ice cubes, and shake so the whole drink can get cold. This is for a full-sugar serving that contains 60 g of sugar. 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. 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. Tea stands were set up in front of the schools and would compete for business with the best selling tea. Stir until the sugar has dissolved and the milk is well mixed in. 10. Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. The ICC World Test Championship final will be played in The Oval, London from June 7 to 11, where the conditions are pacer-friendly. Italy's economy contracted by 0.1 per centquarter-on-quarter in the final three months (Q4) of last year, thecountry's National Institute of Statistics (ISTAT) said.On a year-on-year basis, gross domestic product (GDP) in the quarterincreased by 1.4 per cent, against the originally estimated 1.7 percent, reports Xinhua news agency citing ISTAT . Boost your students confidence by putting their results next to the public's It's the second most-consumed drink in the world, only behind water. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. It should be no surprise then that sugar is a primary ingredient in the drink. . 13. A. Awareness about health issues and their relation to meat consumption has resulted in a shift towards vegan and plant-based diets. A 16 oz serving of bubble tea contains 38 grams of sugar, which is 76% of the recommended daily value. Such initiatives further support the immense growth opportunities for the companies. Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. Sunset Yellow FCF Market Sales: The sunset yellow FCF sales are slated to grow at a CAGR of 6.25% between 2022 and 2032, totaling a market valuation of US$ 150 Mn by 2032. It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. 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 . Bubble tea (also known as pearl milk tea, bubble milk tea, boba juice, boba tea, or simply boba) is a Taiwanese tea-based drink invented in Tainan and Taichung in the 1980s. 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! The global bubble tea market size was valued at USD 2.17 billion in 2021. 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. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. 87% of American millennials drink tea, including bubble tea. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. A popular version of bubble tea, known as Thai iced tea originated in Thailand in the 1800s, and when bubble tea was invented people began adding tapioca balls to it. The research report includes quantitative and qualitative insights into the market. The key players in the industry receiving high levels of popularity and response from customers are franchising their businesses into different locations. 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. 30.7% of Victorian adults consumed sugar-sweetened soft drinks at least once a week. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Although the drink was originally created in Taiwan, its signature ingredient is primarily grown in Nigeria, Thailand, Indonesia, and Brazil. One concession owner became popular with her . 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). 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. The price for bubble tea depends on where you get it. Australians drink tea and have afternoon tea and morning tea much the way the British do. +44 208 097 3636. 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. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. 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. 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. This was attributed due to rise in the consumption of tea based everages across the world. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. When we say that bubble tea is insanely popular, were not joking. And if you have a sweet tooth, its SO GOOD. Bubble tea truly is an international drink! The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. 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 closure of Shanghai . This is a very good piece of work and will be very helpful to us going forward. 8. The major countries in each region are mapped according to their revenue contribution to the global bubble tea market. Revenue in the Tea segment amounts to US$1.40bn in 2023. In 2014, over 77% of the tea brewed in the United States was prepared using tea bags. In fact, tea was aboard the First Fleet in 1788. Boba tea, or "bubble tea," has been around since the late 1980s in Taiwan. Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Availability of Other Caffeinated Drinks to Impede Growth. 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . About 200 million pounds of tea leaves (bagged & loose) are shipped into the United A. Why buy this report? 10. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12310, Explore FMIs Extensive Coverage on Food and Beverage Domain.

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