Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. Availability of a Wide Range of Products for Enticing Younger Generation to Boost Growth. Apart from the U.S. and Asian countries, the trend of milk tea is also extensively growing amongst individuals residing in the Middle East and Africa. The valuation of the out-of-home segment at retail prices means a significant change of the market definition in comparison to earlier iterations of the Consumer Market Outlook, as out-of-home consumption was valued at wholesale prices before. 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. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Ltd. 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 By 2025, 70% of spending and 10% of volume consumption in the Tea . All these aspects necessitate the manufacturers to develop premium quality teas by keeping the consumer demands in mind. Art & Craft. Keep reading to discover everything weve uncovered about bubble tea. Tea stands were set up in front of the schools and would compete for business with the best selling tea. 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. Apart from the variety of flavors available, one of the primary elements fueling the expansion of bubble tea Industry is the health benefits. Young people between ages 20 and 29 are interested in bubble tea. There are many teas, they can vary in . Market size and forecast, by Flavor, 2020-2028 As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . The market was expected to reach a valuation of US$ 2.3 Bn by the end of 2021. 02 Each tapioca ball has 5 to 14 calories. The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Between 2021 and 2028, the global tea market is expected to grow at a CAGR of 6.6%. Rohit Sharma hints at using green pitch in 4th Test against Australia Post- Budget webinar News Updates Live: This year's budget will give Based on the distribution channel, online retailing is expected to exhibit a CAGR of 11.9%. So, if we live in a postcode that is all expats, we would assume a 70% chance of a bubble tea shop being located there. Bubble Tea Market Size, Share, Growth Report, 2020-2027 Bubble Tea originated in Taiwan in the early 1980's at a small tea stand. 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. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. 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 . 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. Bubble tea consumption and its association with mental - ScienceDirect For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. Some specialty shops have menus with smaller sizes and prices as low as $2 to $3 per serving. Tea culture: A transformation is brewing in India - The Statesman In the Philippines alone, orders increased by 3,500 percent from June to December 2018. However, since the ease of lockdowns, governments have proposed several initiatives and strategies to help the companies in recovering the losses across the globe. Thank you for contacting us, our sales representative will get in touch with you shortly! The at-home market, also called off-trade market, covers all retail sales via super- and hypermarkets, convenience stores or similar sales channels. If theres one thing you can count on, its that bubble tea is going to be more popular among women than men. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period . Virtually any fruit that you can think of can be enjoyed in a bubble tea drink. 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%.. Whats your favorite bubble tea base to start with? 6. The chewy tapioca balls or pearls are undoubtedly the stars of any bubble tea drink. Bubble tea | Infopedia - National Library Board The players in the bubble tea market have adopted acquisition as their key development strategy to increase profitability and improve their position in the bubble tea market. And if youre looking for all the facts and figures that back up our claim, you have this blog post. The consumption of bubble milk tea also improves the balance of vitamins and minerals in the human body due to the presence of various inclusions such as yogurt, cream, fruit bits, and others. 4. 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.. Boost your students confidence by putting their results next to the public's 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. It should be no surprise then that sugar is a primary ingredient in the drink. This growth is fueled by the perceived health benefits of green tea. Boba tea is creating a buzz among individuals worldwide, owing to its growing appeal and novelty. 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. A study conducted by the Tea Board of India revealed some interesting consumption patterns among Indian tea drinkers: About 80% tea drinkers in India consume it either with or before breakfast . The size of the global Bubble Tea Market in 2019 was $2,407.6 million. When you look at the marketing for bubble tea, the numbers make sense. Were big enough to handle massive projects, and yet also nimble enough to come up with names on demand that hit every time. 7.3.9.1. 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. Tea is an aromatic beverage derived . The market for Tea segment is expected to show a volume growth of 1.6% in 2024. Green tea. Meanwhile, Philippinos drink five cups of this tea per month. Countries such as Vietnam and Taiwan are projected to have the largest sales. 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. Bubble tea has a sweet, sour, and tangy taste that varies depending on the type of fruit used. Bubble tea . After experiencing a downfall due to fierce market competition in 2003, the bubble tea market was revived in 2007 with the entry of several foreign brands. We dont recommend anyone making it a daily indulgence. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Bubble tea is a sweet, delicious drink typically made from a tea base that is then mixed with either milk or fruit flavoring. These drinks are made with milk tea and tapioca pearls (to make the bubbles), which contain a lot of natural sugar. When we say that bubble tea is insanely popular, were not joking. 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. USD 1,195. The market for Hot Drinks is structured into retail sales for at home consumption and on-premise or foodservice sales for out-of-home consumption. Global Bubble Tea Market Size, Growth, Share, Industry Trends Analysis By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. A. Pour tea, milk, and 4 teaspoons sugar into a cocktail shaker. The market is anticipated to be valued at US$ 46.0 Mn in 2032. Bubble tea consumption statistics show that Thais drink six bubble teas per month. Moreover, higher expenditure of consumers on healthy beverages adds to the popularity of bubble tea in theregion. An average, medium-sized serving of bubble tea has, on average, 335 calories. This is for a full-sugar serving that contains 60 g of sugar. By region, North America was the most prominent regional market in 2019. Consumption of sugar sweetened and diet drinks in adults. Rank Country/Region Tea consumption 1 Turkey: 3.16 kg (6.96 lb) . 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. Future Market Insights Global and Consulting Pvt. A. Australia . Among participants, 647 (88%) consumed less . While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. Philippines: Tea Market and the Impact of COVID-19 on - market research Since our launch, weve worked on more than 1,000 projects for clients around the world. 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. 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. Since then, however, bubble tea has expanded across the rest of Asia, and there was a sudden explosion of popularity during 2018, particularly in Singapore. December 17, 2022. 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. Alcoholic Tea Market size is valued at USD 1,958.73 billion by 2028 and is expected to grow at a compound annual rate of 7.00% in the forecast period . All rights reserved. Extruding the tapioca into these small balls is difficult work. 2016. The average volume per person in the Tea segment is expected to amount to 0.68kg in 2023. The global organic tea market size was USD 820.8 million in 2019 and it is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. Tea Statistics | Consumption & 2023 Industry Data - Your Best Digs We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Bubble Tea is a famous non-alcoholic beverage drink that first . As more and more consumers become aware of the negative effects of sugar consumption, the sugar-free or reduced sugar segment of bubble tea is expected to gain popularity. 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. Over 90% of the tea consumed is Black Tea, about 5% Green Tea, 1% Oolong Tea and the balance flavored, scented, or mixed teas. Health beneficial attributes such as low-fat, low-calorie content, and presence of anti-inflammatory properties are the key driving factors of the market. Australians drink tea and have afternoon tea and morning tea much the way the British do. 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. Originating in Taiwan, the drink typically consists of tea, milk/cream, and sugar accompanied by tapioca pearls. 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. 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. (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. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. 10. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. A South Australian Health Omnibus Survey (SAHOS) done in 2014 showed that there was a . Businesses that sell bubble tea (including those that serve other drinks, such as coffee and smoothies) face a lot of competition since there are many places where customers can find the same drink. Find your information in our database containing over 20,000 reports, Consumer Market 9. 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. a more convenient consumption option, compared with hot cereals, which can require the addition of boiling water or milk. What may surprise you though is the amount of sugar! . It also offers a detailed analysis of the market size and growth rate for all possible market segments. A. Cassava flour itself comes from the cassava root, which is native to South America but has become a staple food in many African nations. 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 outbreak of COVID-19 forced government bodies to impose strict closure of restaurants, farms, and factories to maintain safety measures and implement social distancing. 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. 11. Teenagers and people in their 20s consistently account for the highest consumer percentage of bubble teas. 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. 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. Thailand leads in bubble tea consumption at an average of 6 cups per person per day. Theres a lot more to bubble tea than meets the eye, and weve discovered all of the reasons that its a global favorite. Looking forward to work together in the future, It has been a delightful experience working with you guys. Why buy this report? Future Market Insights Global and Consulting Pvt. 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. By sugar content, reduced sugar/sugar-free category will gain traction over the forecast period. Green tea has shown long-term energy inducing properties and has a positive effect on the regulation of body weight. . Alcoholic Tea Market 2023: Research, Analysis, Trends, In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Bubble tea can be found on every continent today, except for Antarctica, of course! The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . 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. Your email address will not be published. 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. We are happy to help. More Insights into the Bubble Tea Market Report. October 26, 2021 13:00 ET | Source: Fortune Business Insights. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. About | Privacy Policy |Contact | Advertise | Support. Tea in Australia | Market Research Report | Euromonitor Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This is a very good piece of work and will be very helpful to us going forward. Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Thailand will emerge as a lucrative market over the forecast period with a CAGR of 8.7%. Required fields are marked *. Asia Pacific Bubble Tea Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. 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. Gapminder Tools 17 Aug 2022 12:37PM (Updated: 17 Aug 2022 06:16PM) SINGAPORE: Bubble tea lovers in Southeast Asia spend US$3.66 billion a year on the beverage and similar "new tea" drinks, with Singapore . If youre looking for a sweet, refreshing drink that doesnt compromise on flavor or quality, bubble tea is the answer. Health Reports: Beverage consumption of Canadian adults: Findings Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . The segment will depict a robust 11.8% CAGR and account for more than 26% of the market share. Victorian Government, Department of Health and Human Services. As more and more countries discover the delicacy that is bubble tea, these figures are sure to continue growing. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global Bubble Tea Market is expected to $4,368.6 million in 2027. 1 2 3 8. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Tea market in Canada - statistics & facts | Statista With globalization, new trends have started striking the food service market, thereby influencing the young generation to try new beverages. Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote Almost overnight bubble tea shops popped up around the world in multiple countries that had never had an interest in it before. This is a decrease, compared to the growth of about 7.64% per year, registered in 2015-2019. 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. . IJERPH | Free Full-Text | Nutritional Content of Popular Menu Items Theory seemed to meet reality . The global bubble tea market size was valued at USD 2.17 billion in 2021. They are made from cassava starch, a common ingredient in Brazilian culture, and they take time, effort, and skill to make properly. Tea is considered the second most popular drink of choice worldwide. Get in touch with us. Sometimes they are blended with ice to give them a more slushy-like consistency. China is a major bubble tea manufacturer. 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. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. The manufacturers or entrepreneurs in the boba tea industry are venturing upon the launch of their own restaurants/cafes to attract consumers and fortify their market presence. 14. In 2018, there were over 450,000 shops selling bubble tea in China. Online retailing is predicted to register an 11.9% CAGR. 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 . Over 95% of females in the united states have tried bubble tea, while 81% of males . Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. 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. The global market for organic tea is showcasing strong growth principally because of the growing knowledge regarding safer counterparts of organic products among consumers. According to a recent CLSA survey of consumers, 94% of those aged between 20 and 29 bought boba tea in the last three months, reported Bloomberg (June 24). For one, there are all of the sweet flavors and fun combinations of ingredients you can get. This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. 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. Bubble Tea Popularity Statistics Singapore - Emkan.me Picture via Instagram/yicha_malaysia and myheycha. 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. Versatility in flavor, health benefits, and social media trends drive the market. 13. This has led to transportation delays and the functioning of both supplies (tea estates) and demand for consumption points to a standstill due to shortage of manpower and reduced visits of customers to coffee shops amidst the lockdown. In relation to total population figures, per person revenues of US$53.14 are generated in 2023. The forecast period in the global bubble tea market report is 2019-2027. Per Capita Global Tea Consumption Patterns Americans consume more than 50 billion servings of tea a year, nearly 85% of which is iced. Bubble Tea Market Analysis, Growth & Forecast 2027 - Yahoo! 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. The appearance of the finished drink is what led to its name. Chatime, Gong Cha, Coco Fresh Tea & Juice, and Lollicup USA, Inc. are the leading players in the market. The bubble tea industry is expected to reach $3.39 billion by 2027. This popular sweetened tea is made up of high-quality milk and tapioca pearls, along with fruit powder, creamer, and sweeteners. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. 3. 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$3.39 billion by 2027. The data offered to us was exactly what we were looking for. In addition, the companies are focusing on the growing incidences of lactose intolerance, and thus are working toward introducing lactose-free bubble milk tea options for individuals. PDF Global Market Report: Tea - International Institute for Sustainable The market is projected to grow from USD 2.29 billion in 2022 to USD 3.78 billion by 2029, exhibiting a CAGR of 7.40% during the forecast period. Tea is a beverage made by pouring hot water over cured leaves. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women. Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . To get the sample of bubble tea market report, click on the link (Please paste the link here). Drum To Hopper Blends Premix Market Forecast: The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period. Bubble tea truly is an international drink! Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Bakery Products Market Share: The global bakery products market is estimated to reach US$ 235 Mn in 2022. In global comparison, most revenue is generated in China (US$111,800.00m in 2023). But did you know that there are six different types of bubble tea? The United States and Australia were both introduced to bubble tea in the mid-1990s, and it has been growing in popularity ever since. 4364..55.011 - Australian Health Survey: Consumption of added sugars, 2011-12.
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