297 billion liters of tea were consumed worldwide in 2021. Southeast Asians spend US$3.66 billion on bubble tea annually: Study Moreover, countries such as Japan, China, the U.S., and Canada are the major consumers of pearl milk tea, and have also experienced a slight dip in their growth due to hindrances in production as well as supply chains during the year 2020-21. Rising number of fitness conscious consumers and rising demand for tea based beverages in youth generation across the globe is the current trend in the global bubble tea market.. A. Europe and LAMEA will provide more business opportunities for Bubble Tea Market in coming years. For people aged 71 or older, the figures were substantially lower, at 1,584 grams and 1,532 grams, respectively. 8. The percentage of tea that is consumed which is green tea: 15%. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes. Six in ten (59.7%) did not usually consume either sugar sweetened or diet drinks. This means, market totals are not comparable to published data from prior years. 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. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Because of its proximity to Taiwan, where bubble tea was created, China quickly became a fan of the sweet beverage. Theory seemed to meet reality . 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 campaign will be extended due to the tremendous profit achieved, which motivates the company to broaden its product offerings and brand position. 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. Quinoline Yellow WS Market Analysis: The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032. 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. With 38 grams per 16oz beverage, bubble tea should be enjoyed in moderation. Graph. After decades of slowly increasing in popularity, the big bubble tea boom happened in 2018. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12310. India is currently 1-0 up in the series, which has seen Indian spinners dominating both the tests in Nagpur and Delhi. It's common for bubble tea brands to include "cha" in their names, which means "tea" in Chinese. An average, medium-sized serving of bubble tea has, on average, 335 calories. It looks quite comprehensive and the data is exactly what I was looking for. Based on our analysis, the global market exhibited a slower growth of 2.76% in 2020 as compared to 2019. Green tea. In the United States, 95% of women have tried bubble tea as opposed to 81% of men. Bubble Tea Calories, Is Boba A Healthy Drink? - Honest Food Talks . In 2018, bubble tea made a 3,000 . Were guessing you already know what bubble tea is. 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. 7.1% consumed diet drinks daily. Asia-Pacific (APAC) dominates the bubble tea market because of the high consumption of the bubble tea within the region. 12. However, Europeis expected to grow with the highest CAGR throughout the forecast period, owing toaggressive advertising and celebrity brand endorsement and increasein the awareness of bubble tea in theregion. We selected the top 40 popular menu items from three of the most commonly used OFD applications in 2021. Philippines: Tea Market and the Impact of COVID-19 on - market research A typical serving of bubble tea at a chain might cost $3 to $5 for a 16- to 20-ounce cup. Need to talk to an expert? 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. Bubble tea is a beverage originating from Taiwan comprising tea with fruit syrup or milk added, and then shaken. Filipinos rank second highest bubble tea drinkers in Southeast Asia Reduced sugar/ sugar-free bubble tea will gain traction over the assessment period. Bubble tea is made by adding fruit syrup or milk to (usually cold) tea and then shaking the . The drink became popular during the 1990s, just in time for millennials to develop a taste for it. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12310. The Middle East & Africa showcases a slower growth as pearl milk tea is consumed as a social drink or as a gesture of hospitality. Rohit Sharma hints at using green pitch in 4th Test against Australia 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 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. This bubble tea craze has taken over. The types include milk tea, black tea, fresh fruit tea, smoothies or milkshakes, fresh milk, and salted cream. Tea consumption per capita in the UK is 1.3 kg for 2019. All rights reserved. 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. This is a list of countries ordered by annual per capita consumption of tea, as of 2016. Bubble tea is also known as pearl milk tea. Request Now ! The closure of Shanghai . The data offered to us was exactly what we were looking for. With shops all around the world in many major cities, its easy to indulge your bubble tea craving when you want to! Bubble tea shops, or Boba tea as it is frequently called in America, can be found in almost every major city across the country. 15. 10. Bubble Tea Popularity Statistics Singapore; by palmebre Published: July 20, 2021 (2 days ago) Category. Using new techniques such as molecular nitrogenation also adds innovation to the traditional recipe, thus further opening numerous opportunities for the market to bolster growth. A. The market is expected to grow annually by 2.61% (CAGR 2023-2025). Find the most up-to-date statistics and facts on the tea market in Canada. Young people between ages 20 and 29 are interested in bubble tea. 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 . While bubble tea is enjoyed by people of all ages, it tends to be a global favorite among younger people. In this era, the growing consumer preferences for products depend on various factors such as choice of taste, price, brand, and location accessibility. 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. The global Bubble Tea Market is expected to $4,368.6 million in 2027. Market size and forecast, by Base Ingredient, 2020-2028 7.3.9.2. Remarkable job and great efforts by your research team. 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. Elementary school children would look forward to buying a cup of refreshing tea after a long, hard day of work and play. This can be attributed to the availability of various options such as combination of various liquid flavors and syrups. Bubble tea truly is an international drink! 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! 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 typically sells for about $3 to $5 for a 16- to 20-ounce serving. The size of the global Bubble Tea Market in 2019 was $2,407.6 million. But in case you dont Its tea served with a giant chewy ball of tapioca at the bottom of the cup. Get in touch with us. Ltd. NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global bubble tea market is projected to reach a value of US$ 5.5 Bn by 2031, with sales growing at a robust CAGR of 8.8% for the forecast period of 2021-2031. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global bubble tea market is projected to grow from $2.29 billion in 2022 to $3.78 billion by 2029, at a CAGR of 7.40% in the forecast period, 2022-2029, 2020 Fortune Business Insights . BUBBLE TEA CRAZE in Southeast Asia - mise en place A. 32 Tempting Tea Statistics for a Healthier 2022 - ComfyLiving The mean age of study participants was 24 years and the age range was 18 or older to younger than 30 years. Many Thai people drink bubble tea daily, and in many cases may drink multiple cups per day. Versatility in flavor, health benefits, and social media trends drive the market. Aug 24, 2022 03:14pm. The market value of the bubble tea market is anticipated to reach a high of US$ 5.82 billion by the year 2032. By component, it is classified into flavor, creamer, sweetener, liquid, tapioca pearls, and others. 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. For example, according to . 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. Each . 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. 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. Malaysia Coffee & Tea Reports: Our 2023 Malaysia report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Coffee & Tea market. 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. The success of bubble tea in China explained - Daxue Consulting Thanks for sticking with me in this huge post. The Market for Bubble Tea in North America to be the Most Dominant & Fastest Growing. For instance, in September 2021, Dubai witnessed the opening of various new tea outlets serving bubble tea across the country. 10. Tea is a beverage made by pouring hot water over cured leaves. 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. 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. According to Fortune Business Insights, the Asia Pacific region holds the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 10.07 per cent by 2027. The bubble tea industry is enormous and accounts for one of the fastest-growing food markets in the world today. Nearly everyone in Thailand enjoys drinking bubble tea, to the point that they have surpassed every other country in the amount that they drink! The report covered all the points and was very detailed. The industry shows no signs of slowing down, and in fact, appears to be growing exponentially with every passing year. 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. Tea decreased 0.14 USD/Kgs or 4.95% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. 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. Beneficial effects of green tea: A literature review - PMC 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. Millennial Tea Drinking Stats - Tea continues to gain market share in surprising areas. About | Privacy Policy |Contact | Advertise | Support. 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. 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. 50 Bubble Tea Facts That You Should Know About Malaysia has 74 bubble tea brands, can you tell them all apart? The report was very accurate and as per my requirements. Singapore market is forecasted to grow at a CAGR of 10.7%. Companies in the Industry are Aggressively Expanding their Franchisees to Cater to the Growing Demand. 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. What are the key factors driving the market? Tea is an aromatic beverage derived . Thank you for requesting a call back, our sales representative will get in touch with you shortly! The global COVID-19 pandemic has been unprecedented and staggering, with bubble tea experiencing lower-than-anticipated demand . In 2020, China dominated the tea market with 78.7 billion US dollars of revenue. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The Hot Drinks market segment, Tea, consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. There are many teas, they can vary in . The average volume per person in the Tea segment is expected to amount to 0.68kg 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. Jan 2023. The demand for bubble tea is predicted to grow at an impressive rate. 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. 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 . 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). Emerging countries such as China, India and Brazil growing with the CAGR of 8%, 9.5%, and 8.3% respectively. bubble tea popularity statistics singapore; how many bubble tea brands in singapore; Bubble Tea Popularity Statistics Singapore . Most other Southeastern Asian countries drink three cups monthly on average. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI101564. That means 24 countries have higher consumption rates that are worth targeting. 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. Europe also witnessed growth in the pearl milk tea market around the same time as other Asian countries. And if youre looking for all the facts and figures that back up our claim, you have this blog post. 6. However, excess sugar content in these drinks leading to health issues and trend of coffee consumption are expected to restrict the market growth. An Infographic Representation of Bubble Tea Market, To get information on various segments, share your queries with us. 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. . 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). This segment does not include herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. 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. Fruit Flavor Segment is Dominating Backed by High Consumer Preference. This can be attributed to change in preference of consumers toward healthy beverages and better taste. 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. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. Global Demand for Coffee - Despite the demand for coffee in the United States, the country only ranks 25th in per capita coffee consumption. 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. Global Bubble Tea Market Dynamics, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis of Key PDF Demographic Summary - TeaUSA A. S-E Asia spent $5b on bubble tea in 2021; Indonesia tops list: Report Tea in Australia - Wikipedia Bubble milk tea has a strong market potential as it offers various types and flavors of boba teas, such as fruit-flavored, green jasmine, and black tea-based milk tea, across the globe. Apart from this, coffee flavor is also anticipated to hold a strong market share in the forecast period owing to the escalated demand for coffee as a healthy beverage. Request a Free sample to learn more about this report. 2023 Allied Market Research. For those looking to cut back on sugar, bubble tea may not be the best choice. Bubble milk teas surge in popularity is mainly attributed to taste, affordability, and the rising reinvention of the basic tea recipe. 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. Overall, though tea registered. Among participants, 647 (88%) consumed less . Furthermore, a decline in the growth of bubble tea consumption is witnessed due to strong restrictions on import and export facilities. Apart from being a healthier alternative, becoming a trending beverage, especially among younger consumers, has also aided market growth for bubble tea. SOURCES OF FREE SUGARS - Australian Bureau of Statistics Alcoholic Tea Market 2023: Research, Analysis, Trends, The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. 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. Bubble tea | Infopedia - National Library Board In Asia, however, it is equally popular among men and women and is seen as a cultural phenomenon. This beverage has undergone a few waves of popularity in Singapore. Tea industry statistics, analysis, market share, market reports Tea - 2023 Data - 2009-2022 Historical - 2024 Forecast - Price - Quote 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. Moreover, rise in consumption of flavored bubble tea in young generation fuels thebubble tea market growth. Pune, India, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The global bubble tea market size is expected to reach USD 3.39 billion by 2027 . Data at LGA level is also presented. In addition, aggressive advertisements and celebrity end orsements have also helped the global market to pave its way toward growth. Commentary: The curious case of Singapore's devotion to bubble tea 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 . More Insights into the Bubble Tea Market Report. Deep Vein Thrombosis (DVT) Therapy Market Valuation Worldwide 2023 Quick Facts. Statista. Future Market Insights Global and Consulting Pvt. Consumption of sugar sweetened and diet drinks in adults. Chocolate flavored milk tea is tremendously popular in which chocolate powder is blended with milk to strengthen its flavor. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Asia Pacific is expected to dominate the market during the forecast period. 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. 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. . Bubble Tea Market Sale, Share, Size, Growth & Forecast -2032 Read More . It includes flavor variants such as lychee, mango, passion fruit, peach, plum, strawberry, avocado, banana, grape, kiwi, lemon, and others. About 200 million pounds of tea leaves (bagged & loose) are shipped into the United The segment is expected to display an 11.4% CAGR, and account for more than 38% of the global market share. 7.3.9.1. It is expected to be the fastest growing segment owing to consumers' inclination towards the convenience offered. Presently, themarket is moving toward growing stage and is expected to garner steady growth in major markets, which include the U.S., Germany, China, India, and Brazil. 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. Companies, such as Lollicup U.S.A. Inc., Gong Cha, Chatime, and others, have invested in research and development activities to offer new variants of tea for a growing market. Tea Drinkers vs. Coffee Drinkers: 30 Statistics to Know in 2023 Published. We are happy to help. Accelerated demand for healthier beverage alternatives to carbonated drinks coupled with shifts in consumer preferences is fueling market growth for bubble tea. The market is anticipated to be valued at US$ 46.0 Mn in 2032. As of December 2018, GrabFood's bubble tea network encompasses over 1,500 brands with 4,000 outlets throughout . Contact Sales for Further Assistance in Purchasing this Report @ https://www.futuremarketinsights.com/checkout/12310. These latest product ranges further act as a marketing strategy to attract a vast consumer base worldwide. 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. Tea market in Canada - statistics & facts | Statista The U.S. market is anticipated to register a prolific CAGR of 12.4% over the forecast period. 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. Tea Market Size, Share & Research Analysis | Forecast, 2020-2027 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. In the Tea segment, volume is expected to amount to 18.6mkg by 2025. Bubble tea consumption gender-wise: According to the statistics, bubble tea is a favorite drink of women.
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